National CineMedia (NCMI) Gross Margin (2010 - 2026)

National CineMedia has disclosed Gross Margin across 17 years of filings, most recently posting 93.66% for Q3 2026.

• In Q3 2026, Gross Margin fell 16.0% year-over-year to 93.66%; the TTM figure through Jul 2026 stood at 94.18% (down 43.0% YoY), while the FY2026 annual figure was 94.65%, up 34.0% from the prior year.
• Gross Margin came in at 93.66% for Q3 2026 at National CineMedia, up from 88.24% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 96.62% in Q2 2023 to a low of 86.91% in Q1 2022.
• Average Gross Margin over 5 years is 92.1%, with a median of 92.31% recorded in 2022.
• Year-over-year, Gross Margin soared 1469 bps in 2022 and tumbled 339 bps in 2024.
• Over 5 years, Gross Margin stood at 91.38% in 2022, then grew by 5 bps to 95.93% in 2023, then advanced by 1 bps to 96.41% in 2024, then retreated by 2 bps to 94.95% in 2025, then declined by 1 bps to 93.66% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 93.66% in Q3 2026, 88.24% in Q2 2026, and 96.14% in Q1 2026.