Nutanix (NTNX) Gross Margin (2015 - 2026)
Nutanix (NTNX) posted quarterly Gross Margin of 86.87% for 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.
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.
- In Q2 2026, Gross Margin fell 14.0% year-over-year to 86.87%; the TTM figure through Apr 2026 stood at 87.09% (up 74.0% YoY), while the FY2025 annual figure was 86.81%, up 189.0% from the prior year.
- Gross Margin retreated to 86.87% in Q2 2026 per NTNX's latest filing, from 87.37% in the prior quarter.
- Across five years, Gross Margin topped out at 87.37% in Q1 2026 and bottomed at 79.28% in Q3 2022.
- Historically, Gross Margin has averaged 84.25% across 5 years, with a median of 85.02% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin plunged 63 bps — and 2023, when it jumped 444 bps.
- Nutanix's Gross Margin stood at 80.97% in 2022, then rose by 4 bps to 83.96% in 2023, then rose by 2 bps to 86.01% in 2024, then gained by 1 bps to 86.96% in 2025, then retreated by 0 bps to 86.87% in 2026.
- Business Quant data shows NTNX's Gross Margin at 86.87% in Q2 2026, 87.37% in Q1 2026, and 86.96% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 67.20% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 84.66% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 67.55% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 80.24% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 71.76% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 73.54% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 65.86% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 47.84% |
| 10 | Nutanix | 17.48 Bn | 15.46 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% |