nCino (NCNO) Gross Margin (2021 - 2026)
nCino's (NCNO) quarterly Gross Margin came in at 61.41% in Q1 2026, up 174.0% year-on-year from 22.41% in Q1 2025, and little changed quarter-over-quarter from 61.57% in Q4 2025.
nCino (NCNO) Gross Margin (2021 - 2026) Analysis & Trends
nCino has disclosed Gross Margin across 6 years of filings, most recently posting 61.41% for Q1 2026.
- Gross Margin for Q1 2026 came in at 61.41%, up 174.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 60.55% (up 48.0% YoY), and the FY2026 annual result was 60.55%, up 48.0% from the prior year.
- Gross Margin came in at 61.41% for Q1 2026 at nCino, roughly flat from 61.57% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 61.57% in Q4 2025 to a low of 57.22% in Q2 2022.
- The 5-year median for Gross Margin is 59.37% (2023), against an average of 59.62%.
- Across the five-year window, Gross Margin sank 207 bps in 2022 and soared 215 bps in 2023, its largest moves.
- nCino's 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 dropped by 0 bps to 61.41% in 2026.
- The last three Gross Margin figures came in at 61.41% (Q1 2026), 61.57% (Q4 2025), and 59.22% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 48.77% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 76.92% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 85.65% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 75.07% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 48.28% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 89.20% |
| 10 | nCino | 1.68 Bn | 1.60 Bn | 91.92 Mn | 61.41% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Apr 30, 2021 | 57.82% |