Progyny (PGNY) Gross Margin (2018 - 2026)

Progyny's (PGNY) quarterly Gross Margin came in at 25.29% in Q1 2026, up 190.0% year-on-year from 8.72% in Q1 2025, and up 4.73% on a QoQ basis from 24.15% in Q4 2025.

Progyny (PGNY) Gross Margin (2018 - 2026) Analysis & Trends

Progyny (PGNY) has 9 years of Gross Margin data on file, last reported at 25.29% in Q1 2026.

  • On a quarterly basis, Gross Margin rose 190.0% year-over-year to 25.29% in Q1 2026; TTM through Mar 2026 was 24.11%, a 212.0% increase from a year earlier, with the FY2025 full-year figure at 23.63%, up 192.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 25.29%, up from 24.15% in the prior quarter.
  • Over the last five years, Gross Margin for PGNY reached as high as 25.29% in Q1 2026 and fell as low as 19.13% in Q1 2022.
  • Historically, Gross Margin has averaged 22.3% across 5 years, with a median of 22.44% in 2024.
  • Across the five-year window, Gross Margin tumbled 454 bps in 2022 and surged 356 bps in 2023, its largest moves.
  • Year by year, Gross Margin stood at 20.76% in 2022, then increased by 2 bps to 21.08% in 2023, then increased by 1 bps to 21.26% in 2024, then climbed by 14 bps to 24.15% in 2025, then rose by 5 bps to 25.29% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 25.29% in Q1 2026, 24.15% in Q4 2025, and 23.24% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Unitedhealth 384.70 Bn 354.90 Bn 38.23 Bn 34.22%
2 Cvs Health 136.05 Bn 124.42 Bn 22.85 Bn 67.61%
3 Elevance Health 82.25 Bn 46.44 Bn 35.79 Bn 86.70%
4 Cigna 75.16 Bn 67.54 Bn -44.29 Bn -451.37%
5 Humana 47.47 Bn 25.57 Bn 5.94 Bn 14.98%
6 Centene 31.35 Bn 7.64 Bn 43.95 Bn 98.43%
7 Molina Healthcare 10.44 Bn 1.19 Bn 1.43 Bn 13.19%
8 Oscar Health 8.62 Bn 1.83 Bn 1.42 Bn 30.50%
9 Alignment Healthcare 4.13 Bn 3.41 Bn 144.48 Mn 11.70%
10 Progyny 2.48 Bn 2.26 Bn 83.07 Mn 25.29%

Historic Data

Download Data
DateValue
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%