Nebius (NBIS) Gross Margin (2010 - 2026)
Nebius' (NBIS) quarterly Gross Margin came in at 73.98% in Q1 2026, up 2251.0% year-on-year from 3.15% in Q1 2025, and up 5.82% quarter-over-quarter from 69.92% in Q4 2025.
Nebius (NBIS) Gross Margin (2010 - 2026) Analysis & Trends
Nebius has disclosed Gross Margin across 17 years of filings, most recently posting 73.98% for Q1 2026.
- Gross Margin for Q1 2026 came in at 73.98%, up 2251.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 72.06% (up 2046.0% YoY), and the FY2025 annual result was 68.63%, up 1639.0% from the prior year.
- Gross Margin came in at 73.98% for Q1 2026 at Nebius, up from 69.92% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 100.0% in Q2 2023 to a low of 21.93% in Q1 2024.
- The 5-year median for Gross Margin is 69.16% (2024), against an average of 66.46%.
- Across the five-year window, Gross Margin soared 4812 bps in 2023 and plunged 7807 bps in 2024, its largest moves.
- Nebius' Gross Margin stood at 52.76% in 2022, then jumped by 90 bps to 100.0% in 2023, then sank by 60 bps to 40.06% in 2024, then jumped by 75 bps to 69.92% in 2025, then gained by 6 bps to 73.98% in 2026.
- The last three Gross Margin figures came in at 73.98% (Q1 2026), 69.92% (Q4 2025), and 70.64% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 2,430,078.11 Bn | 2,430,078.11 Bn | 295.20 Mn | 73.98% |
| 2 | Alphabet | 4,448.32 Bn | 4,232.70 Bn | 102.29 Bn | 93.08% |
| 3 | Meta Platforms | 1,465.06 Bn | 1,383.88 Bn | 46.09 Bn | 81.85% |
| 4 | Spotify Technology | 113.19 Bn | 102.95 Bn | 1.75 Bn | 32.98% |
| 5 | 33.56 Bn | 30.79 Bn | 511.94 Mn | 77.17% | |
| 6 | 12.93 Bn | 11.63 Bn | 768.96 Mn | 76.32% | |
| 7 | Kanzhun | 12.77 Bn | 10.67 Bn | 255.62 Bn | 85.23% |
| 8 | Match | 8.28 Bn | 7.26 Bn | 653.28 Mn | 75.62% |
| 9 | Snap | 7.91 Bn | 5.08 Bn | 1.29 Bn | 84.37% |
| 10 | Zillow | 7.56 Bn | 6.78 Bn | 519.00 Mn | 73.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 73.98% |
| Dec 31, 2025 | 69.92% |
| Sep 30, 2025 | 70.64% |
| Jun 30, 2025 | 71.36% |
| Mar 31, 2025 | 51.47% |
| Dec 31, 2024 | 40.06% |
| Sep 30, 2024 | 69.16% |
| Jun 30, 2024 | 39.84% |
| Mar 31, 2024 | 21.93% |
| Dec 31, 2023 | 100.00% |
| Sep 30, 2023 | 100.00% |
| Jun 30, 2023 | 100.00% |
| Mar 31, 2023 | 100.00% |
| Dec 31, 2022 | 52.76% |
| Sep 30, 2022 | 58.21% |
| Jun 30, 2022 | 58.62% |
| Mar 31, 2022 | 51.88% |
| Dec 31, 2021 | 52.45% |
| Sep 30, 2021 | 49.98% |
| Jun 30, 2021 | 48.68% |