Nutanix (NTNX) Gross Margin (2015 - 2026)
Nutanix's (NTNX) quarterly Gross Margin came in at 86.87% in Q2 2026, down 14.0% year-on-year from 101.02% in Q2 2025, and down 0.57% on a QoQ basis from 87.37% in Q1 2026.
Nutanix (NTNX) Gross Margin (2015 - 2026) Analysis & Trends
Nutanix (NTNX) has 12 years of Gross Margin data on file, last reported at 86.87% 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 for Q2 2026 stood at 86.87%, down from 87.37% in the prior quarter.
- Over the last five years, Gross Margin for NTNX reached as high as 87.37% in Q1 2026 and fell as low as 79.28% in Q3 2022.
- Historically, Gross Margin has averaged 84.25% across 5 years, with a median of 85.02% in 2024.
- Across the five-year window, Gross Margin slumped 63 bps in 2022 and surged 444 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 80.97% in 2022, then advanced by 4 bps to 83.96% in 2023, then advanced by 2 bps to 86.01% in 2024, then climbed by 1 bps to 86.96% in 2025, then slipped by 0 bps to 86.87% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 86.87% in Q2 2026, 87.37% in Q1 2026, and 86.96% in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 67.63% |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | 37.74% |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | - |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 86.78% |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 73.59% |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 76.12% |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 80.29% |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 71.21% |
| 10 | Nutanix | 15.69 Mn | -2.00 Bn | 610.79 Mn | 86.87% |
Historic Data
Download 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% |