Netcapital (NCPLW) Gross Margin (2013 - 2026)
Netcapital recorded quarterly Gross Margin of 98.07% in Q1 2026, up 1.81% quarter-over-quarter from 96.33% in Q4 2025, and up 275.0% year-over-year from 26.15% in Q1 2025.
Netcapital's Gross Margin history runs 14 years deep, the most recent figure standing at 98.07% for Q1 2026.
- In Q1 2026, Gross Margin rose 275.0% year-over-year to 98.07%; the TTM figure through Jan 2026 stood at 98.07% (up 399.0% YoY), while the FY2025 annual figure was 95.36%, down 246.0% from the prior year.
- Gross Margin came in at 98.07% for Q1 2026 at Netcapital, up from 96.33% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 99.81% in Q1 2023 to a low of 88.4% in Q4 2024.
- A 5-year average of 96.89% and a median of 97.96% in 2022 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin slumped 1061 bps in 2024 and surged 792 bps in 2025, its largest moves.
- Netcapital's Gross Margin stood at 97.96% in 2022, then advanced by 1 bps to 99.01% in 2023, then slipped by 11 bps to 88.4% in 2024, then advanced by 9 bps to 96.33% in 2025, then rose by 2 bps to 98.07% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 98.07%, 96.33%, and 96.1% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | - |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | - |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | - |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 89.97% |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 84.10% |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | - |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | 99.97% |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | - |
| 10 | Netcapital | - | - | 92,524.00 | 98.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 98.07% |
| Oct 31, 2025 | 96.33% |
| Jul 31, 2025 | 96.10% |
| Apr 30, 2025 | 99.21% |
| Jan 31, 2025 | 95.31% |
| Oct 31, 2024 | 88.40% |
| Jul 31, 2024 | 92.81% |
| Apr 30, 2024 | 96.83% |
| Jan 31, 2024 | 94.35% |
| Oct 31, 2023 | 99.01% |
| Jul 31, 2023 | 98.81% |
| Apr 30, 2023 | 99.25% |
| Jan 31, 2023 | 99.81% |
| Oct 31, 2022 | 97.96% |
| Jul 31, 2022 | 98.43% |
| Apr 30, 2022 | 98.66% |
| Jan 31, 2022 | 97.83% |
| Oct 31, 2021 | 98.52% |
| Jul 31, 2021 | 95.47% |
| Apr 30, 2021 | 96.97% |
| Jan 31, 2021 | 98.74% |
| Oct 31, 2020 | 61.27% |
| Jul 31, 2020 | 75.54% |
| Apr 30, 2020 | 98.20% |
| Jan 31, 2020 | 99.56% |
| Oct 31, 2019 | 99.56% |
| Jul 31, 2019 | 98.01% |
| Apr 30, 2019 | 100.16% |
| Jan 31, 2019 | 88.77% |
| Oct 31, 2018 | 88.77% |
| Jul 31, 2018 | 95.02% |
| Apr 30, 2018 | 78.14% |
| Jan 31, 2018 | 95.02% |
| Oct 31, 2017 | 100.00% |
| Jul 31, 2017 | 100.00% |
| Apr 30, 2017 | 100.00% |
| Jan 31, 2017 | 100.00% |
| Apr 30, 2016 | 83.09% |
| Oct 31, 2015 | -595.35% |
| Jul 31, 2015 | 75.11% |
| Jan 31, 2015 | 41.98% |
| Oct 31, 2014 | 74.41% |
| Jul 31, 2014 | 98.45% |
| Jan 31, 2014 | 88.40% |
| Oct 31, 2013 | 89.58% |
| Jul 31, 2013 | 69.76% |