Nutanix (NTNX) Gross Margin (2015 - 2026)
Nutanix's (NTNX) quarterly Gross Margin came in at 86.87% in Q2 2026, down 14.0% year-over-year from 101.02% in Q2 2025, and down 0.57% quarter-over-quarter from 87.37% in Q1 2026.
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Nutanix (NTNX) Gross Margin (2015 - 2026) Analysis & Trends
Nutanix (NTNX) has reported Gross Margin for 12 consecutive years, with 86.87% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 14.0% year-over-year to 86.87% in Q2 2026; TTM through Apr 2026 was 87.09%, a 74.0% increase from a year earlier, with the FY2025 full-year figure at 86.81%, up 189.0% from the prior year.
- Gross Margin was 86.87% for Q2 2026 at Nutanix, down from 87.37% in the prior quarter.
- Over five years, Gross Margin peaked at 87.37% in Q1 2026 and troughed at 79.28% in Q3 2022.
- A 5-year average of 84.25% and a median of 85.02% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin sank 63 bps in 2022 and soared 444 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 80.97% in 2022, then grew by 4 bps to 83.96% in 2023, then grew by 2 bps to 86.01% in 2024, then increased by 1 bps to 86.96% in 2025, then declined by 0 bps to 86.87% in 2026.
- The last three Gross Margin figures came in at 86.87% (Q2 2026), 87.37% (Q1 2026), and 86.96% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,667.18 Bn | 3,534.43 Bn | 60.48 Bn | 67.20% |
| 2 | International Business Machines | 219.09 Bn | 207.74 Bn | 9.91 Bn | 57.73% |
| 3 | Nebius | 58.78 Bn | 50.74 Bn | 448.70 Mn | 77.06% |
| 4 | CoreWeave | 55.00 Bn | 49.46 Bn | 1.70 Bn | 65.86% |
| 5 | Nutanix | 17.90 Bn | 15.89 Bn | 610.79 Mn | 86.87% |
| 6 | DigitalOcean Holdings | 13.16 Bn | 12.39 Bn | 154.66 Mn | 55.00% |
| 7 | Kingsoft Cloud Holdings | 2.84 Bn | 2.15 Bn | 68.71 Mn | 15.18% |
| 8 | Tuya | 1.14 Bn | 160.97 Mn | 43.05 Mn | 46.32% |
| 9 | SharonAI Holdings | 1.07 Bn | -787.99 Mn | 1.17 Mn | 60.56% |
| 10 | Backblaze | 791.99 Mn | 740.61 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Apr 30, 2026 | 86.87% |
| Jan 31, 2026 | 87.37% |
| Oct 31, 2025 | 86.96% |
| Jul 31, 2025 | 87.17% |
| Apr 30, 2025 | 87.01% |
| Jan 31, 2025 | 86.97% |
| Oct 31, 2024 | 86.01% |
| Jul 31, 2024 | 85.22% |
| Apr 30, 2024 | 84.82% |
| Jan 31, 2024 | 85.57% |
| Oct 31, 2023 | 83.96% |
| Jul 31, 2023 | 83.72% |
| Apr 30, 2023 | 81.62% |
| Jan 31, 2023 | 82.16% |
| Oct 31, 2022 | 80.97% |
| Jul 31, 2022 | 79.28% |
| Apr 30, 2022 | 80.22% |
| Jan 31, 2022 | 80.64% |
| Oct 31, 2021 | 78.48% |
| Jul 31, 2021 | 79.90% |