nCino (NCNO) Gross Margin (2021 - 2026)
nCino's (NCNO) quarterly Gross Margin came in at 62.59% in Q3 2026, up 337.0% year-over-year from 14.32% in Q3 2025, and up 1.92% quarter-over-quarter from 61.41% in Q1 2026.
Analysis
nCino (NCNO) Gross Margin (2021 - 2026) Analysis & Trends
nCino has disclosed Gross Margin across 6 years of filings, most recently posting 62.59% for Q3 2026.
- In Q3 2026, Gross Margin rose 337.0% year-over-year to 62.59%; the TTM figure through Jul 2026 stood at 61.23% (up 121.0% YoY), while the FY2026 annual figure was 60.55%, up 48.0% from the prior year.
- Gross Margin came in at 62.59% for Q3 2026 at nCino, up from 61.41% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 62.59% in Q3 2026 to a low of 57.22% in Q2 2022.
- Average Gross Margin over 5 years is 59.79%, with a median of 59.52% recorded in 2023.
- Year-over-year, Gross Margin plunged 207 bps in 2022 and surged 337 bps in 2026.
- Over 5 years, Gross Margin stood at 59.01% in 2022, then grew by 3 bps to 60.62% in 2023, then grew by 1 bps to 61.28% in 2024, then gained by 0 bps to 61.57% in 2025, then climbed by 2 bps to 62.59% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 62.59% in Q3 2026, 61.41% in Q1 2026, and 61.57% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chime Financial | 12.78 Bn | 11.72 Bn | 594.87 Mn | 88.82% |
| 2 | Jack Henry & Associates | 11.61 Bn | 11.60 Bn | 273.85 Mn | 42.52% |
| 3 | Dave | 4.36 Bn | 4.10 Bn | 159.27 Mn | 93.25% |
| 4 | Q2 Holdings | 3.87 Bn | 3.77 Bn | 130.20 Mn | 59.25% |
| 5 | nCino | 2.43 Bn | 2.36 Bn | 100.77 Mn | 62.59% |
| 6 | Alkami Technology | 2.11 Bn | 2.02 Bn | 73.81 Mn | 56.85% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 62.59% |
| Jan 31, 2026 | 61.41% |
| Oct 31, 2025 | 61.57% |
| Jul 31, 2025 | 59.22% |
| Apr 30, 2025 | 59.97% |
| Jan 31, 2025 | 59.67% |
| Oct 31, 2024 | 61.28% |
| Jul 31, 2024 | 59.27% |
| Apr 30, 2024 | 60.04% |
| Jan 31, 2024 | 60.22% |
| Oct 31, 2023 | 60.62% |
| Jul 31, 2023 | 59.02% |
| Apr 30, 2023 | 59.37% |
| Jan 31, 2023 | 58.85% |
| Oct 31, 2022 | 59.01% |
| Jul 31, 2022 | 58.62% |
| Apr 30, 2022 | 57.22% |
| Jan 31, 2022 | 58.26% |
| Oct 31, 2021 | 61.09% |
| Jul 31, 2021 | 60.05% |