nCino (NCNO) Operating Margin (2021 - 2026)
nCino (NCNO) posted Operating Margin of 1.88% for Q1 2026, down 75.53% sequentially from 7.7% in Q4 2025, and up 594.0% YoY from 0.27% in Q1 2025.
nCino (NCNO) Operating Margin (2021 - 2026) Analysis & Trends
nCino has reported Operating Margin for 6 years, with the latest figure at 1.88% in Q1 2026.
- Quarterly Operating Margin rose 594.0% year-over-year to 1.88% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 0.63% (up 398.0% YoY) and the FY2026 annual result came in at 0.63%, up 398.0% from the prior year.
- Operating Margin eased to 1.88% in Q1 2026 per NCNO's latest filing, from 7.7% in the prior quarter.
- Over five years, Operating Margin peaked at 7.7% in Q4 2025 and troughed at 40.01% in Q1 2022.
- A 5-year average of 10.44% and a median of 6.25% in 2025 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2023: Operating Margin slumped 530 bps in 2022, then soared 2131 bps in 2023.
- Over 5 years, Operating Margin stood at 17.52% in 2022, then jumped by 40 bps to 10.58% in 2023, then surged by 94 bps to 0.59% in 2024, then soared by 1397 bps to 7.7% in 2025, then slumped by 76 bps to 1.88% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 1.88%, 7.7%, and 6.25% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 27.70% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 13.62% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 21.08% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 13.32% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 4.06% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -23.45% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | -33.33% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 33.82% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 46.97% |
| 10 | nCino | 2.37 Bn | 2.29 Bn | 91.92 Mn | 1.88% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 1.88% |
| Oct 31, 2025 | 7.70% |
| Jul 31, 2025 | -6.25% |
| Apr 30, 2025 | -1.05% |
| Jan 31, 2025 | -4.06% |
| Oct 31, 2024 | -0.59% |
| Jul 31, 2024 | -5.97% |
| Apr 30, 2024 | -2.86% |
| Jan 31, 2024 | -2.57% |
| Oct 31, 2023 | -10.58% |
| Jul 31, 2023 | -12.62% |
| Apr 30, 2023 | -7.59% |
| Jan 31, 2023 | -21.37% |
| Oct 31, 2022 | -17.52% |
| Jul 31, 2022 | -25.10% |
| Apr 30, 2022 | -28.90% |
| Jan 31, 2022 | -40.01% |
| Oct 31, 2021 | -18.17% |
| Jul 31, 2021 | -19.80% |
| Apr 30, 2021 | -24.82% |