Netcapital (NCPLW) Gross Margin (2013 - 2026)
Netcapital (NCPLW) posted Gross Margin of 98.07% for Q1 2026, up 1.81% sequentially from 96.33% in Q4 2025, and up 275.0% YoY from 26.15% in Q1 2025.
Netcapital (NCPLW) Gross Margin (2013 - 2026) Analysis & Trends
Netcapital (NCPLW) has 14 years of Gross Margin data on file, last reported at 98.07% in Q1 2026.
- Quarterly Gross Margin rose 275.0% year-over-year to 98.07% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 98.07% (up 399.0% YoY) and the FY2025 annual result came in at 95.36%, down 246.0% from the prior year.
- Gross Margin rose to 98.07% in Q1 2026 per NCPLW's latest filing, from 96.33% in the prior quarter.
- The five-year high for Gross Margin was 99.81% in Q1 2023, with the low at 88.4% in Q4 2024.
- Average Gross Margin over 5 years is 96.89%, with a median of 97.96% recorded in 2022.
- Year-over-year, Gross Margin sank 1061 bps in 2024 and surged 792 bps in 2025.
- Netcapital's Gross Margin stood at 97.96% in 2022, then grew by 1 bps to 99.01% in 2023, then declined by 11 bps to 88.4% in 2024, then grew by 9 bps to 96.33% in 2025, then advanced by 2 bps to 98.07% in 2026.
- Business Quant data shows NCPLW's Gross Margin at 98.07% in Q1 2026, 96.33% in Q4 2025, and 96.1% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | - |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | - |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 206.12% |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 89.97% |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | - |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | - |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 84.10% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 99.97% |
| 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% |