nCino (NCNO) Operating Margin (2021 - 2026)
nCino (NCNO) reported Operating Margin of 1.88% for Q1 2026, up 594.0% on a YoY basis from 0.27% in Q1 2025, and down 75.53% sequentially from 7.7% in Q4 2025.
nCino (NCNO) Operating Margin (2021 - 2026) Analysis & Trends
nCino (NCNO) has 6 years of Operating Margin data on file, last reported at 1.88% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 594.0% year-over-year to 1.88%; the trailing twelve-month figure through Jan 2026 stood at 0.63% (up 398.0% YoY), and the FY2026 full-year result was 0.63%, up 398.0% from the prior year.
- Operating Margin eased to 1.88% in Q1 2026, from 7.7% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 7.7% in Q4 2025 to a low of 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.
- Across the five-year window, Operating Margin plunged 530 bps in 2022 and jumped 2131 bps in 2023, its largest moves.
- Tracing NCNO's Operating Margin over 5 years: 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 tumbled by 76 bps to 1.88% in 2026.
- Business Quant data shows NCNO's Operating Margin at 1.88% in Q1 2026, 7.7% in Q4 2025, and 6.25% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 197.50 Bn | 177.26 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 191.16 Bn | 188.45 Bn | - | - |
| 3 | Shopify | 157.55 Bn | 151.81 Bn | 1.55 Bn | 12.05% |
| 4 | Salesforce | 146.67 Bn | 134.84 Bn | 8.56 Bn | 21.08% |
| 5 | Uber Technologies | 135.72 Bn | 134.51 Bn | 5.95 Bn | 14.56% |
| 6 | ServiceNow | 104.82 Bn | 100.15 Bn | 2.82 Bn | 4.06% |
| 7 | Automatic Data Processing | 101.57 Bn | 98.34 Bn | 2.87 Bn | -22.99% |
| 8 | Snowflake | 94.88 Bn | 91.92 Bn | 926.45 Mn | -23.45% |
| 9 | Adobe | 93.21 Bn | 87.58 Bn | 5.90 Bn | 33.82% |
| 10 | nCino | 1.95 Bn | 1.86 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% |