Progyny (PGNY) Gross Margin (2018 - 2026)
Progyny (PGNY) reported Gross Margin of 25.29% for Q1 2026, up 190.0% year-over-year from 8.72% in Q1 2025, and up 4.73% on a QoQ basis from 24.15% in Q4 2025.
Progyny (PGNY) has 9 years of Gross Margin data on file, last reported at 25.29% in Q1 2026.
- Quarterly Gross Margin rose 190.0% year-over-year to 25.29% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 24.11% (up 212.0% YoY) and the FY2025 annual result came in at 23.63%, up 192.0% from the prior year.
- Gross Margin climbed to 25.29% in Q1 2026 per PGNY's latest filing, from 24.15% in the prior quarter.
- Across five years, Gross Margin topped out at 25.29% in Q1 2026 and bottomed at 19.13% in Q1 2022.
- The 5-year median for Gross Margin is 22.44% (2024), against an average of 22.3%.
- The widest annual swing landed in 2022, when Gross Margin tumbled 454 bps; it then surged 356 bps in 2023.
- Tracing PGNY's Gross Margin over 5 years: stood at 20.76% in 2022, then rose by 2 bps to 21.08% in 2023, then rose by 1 bps to 21.26% in 2024, then grew by 14 bps to 24.15% in 2025, then gained by 5 bps to 25.29% in 2026.
- Per Business Quant, the three latest PGNY Gross Margin figures stand at 25.29% (Q1 2026), 24.15% (Q4 2025), and 23.24% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 345.31 Bn | 315.51 Bn | 98.90 Bn | 88.52% |
| 2 | Cvs Health | 115.41 Bn | 103.79 Bn | 4.43 Bn | 13.12% |
| 3 | Elevance Health | 88.60 Bn | 53.18 Bn | 13.88 Bn | 28.04% |
| 4 | Cigna | 72.05 Bn | 64.43 Bn | -44.29 Bn | -451.37% |
| 5 | Humana | 39.05 Bn | 17.15 Bn | 4.00 Bn | 10.61% |
| 6 | Centene | 30.50 Bn | 6.84 Bn | 49.24 Bn | 98.59% |
| 7 | Molina Healthcare | 9.31 Bn | 60.65 Mn | 1.53 Bn | 14.13% |
| 8 | Oscar Health | 6.86 Bn | 63.05 Mn | -3.22 Bn | -56,385.78% |
| 9 | Alignment Healthcare | 2.69 Bn | 1.96 Bn | 135.85 Mn | 11.08% |
| 10 | Progyny | 2.12 Bn | 1.90 Bn | 83.07 Mn | 25.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 25.29% |
| Dec 31, 2025 | 24.15% |
| Sep 30, 2025 | 23.24% |
| Jun 30, 2025 | 23.72% |
| Mar 31, 2025 | 23.39% |
| Dec 31, 2024 | 21.26% |
| Sep 30, 2024 | 20.67% |
| Jun 30, 2024 | 22.45% |
| Mar 31, 2024 | 22.44% |
| Dec 31, 2023 | 21.08% |
| Sep 30, 2023 | 22.29% |
| Jun 30, 2023 | 21.71% |
| Mar 31, 2023 | 22.69% |
| Dec 31, 2022 | 20.76% |
| Sep 30, 2022 | 22.40% |
| Jun 30, 2022 | 22.51% |
| Mar 31, 2022 | 19.13% |
| Dec 31, 2021 | 19.69% |
| Sep 30, 2021 | 23.30% |
| Jun 30, 2021 | 23.02% |
| Mar 31, 2021 | 23.67% |
| Dec 31, 2020 | 20.60% |
| Sep 30, 2020 | 21.06% |
| Jun 30, 2020 | 18.50% |
| Mar 31, 2020 | 20.49% |
| Dec 31, 2019 | 18.07% |
| Sep 30, 2019 | 20.13% |
| Jun 30, 2019 | 20.39% |
| Mar 31, 2019 | 21.11% |
| Dec 31, 2018 | 18.55% |
| Sep 30, 2018 | 18.16% |
| Jun 30, 2018 | 19.26% |
| Mar 31, 2018 | 17.67% |