Progyny (PGNY) Gross Margin (2018 - 2026)
Progyny (PGNY) posted quarterly Gross Margin of 25.29% for Q1 2026, up 190.0% year-over-year from 8.72% in Q1 2025, and up 4.73% quarter-over-quarter from 24.15% in Q4 2025.
Progyny (PGNY) Gross Margin (2018 - 2026) Analysis & Trends
Progyny (PGNY) has reported Gross Margin for 9 consecutive years, with 25.29% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 190.0% year-over-year to 25.29%; the TTM figure through Mar 2026 stood at 24.11% (up 212.0% YoY), while the FY2025 annual figure was 23.63%, up 192.0% from the prior year.
- Gross Margin rose 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.
- Historically, Gross Margin has averaged 22.3% across 5 years, with a median of 22.44% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin sank 454 bps — and 2023, when it jumped 356 bps.
- Progyny's Gross Margin stood at 20.76% in 2022, then climbed by 2 bps to 21.08% in 2023, then climbed by 1 bps to 21.26% in 2024, then gained by 14 bps to 24.15% in 2025, then grew by 5 bps to 25.29% in 2026.
- Business Quant data shows PGNY's Gross Margin at 25.29% in Q1 2026, 24.15% in Q4 2025, and 23.24% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 346.93 Bn | 315.46 Bn | 36.67 Bn | 32.74% |
| 2 | Cvs Health | 119.91 Bn | 105.95 Bn | 47.23 Bn | 44.52% |
| 3 | Elevance Health | 86.25 Bn | 50.30 Bn | 13.45 Bn | 26.65% |
| 4 | Humana | 45.69 Bn | 21.82 Bn | 5.50 Bn | 13.45% |
| 5 | Centene | 31.66 Bn | 4.60 Bn | 14.55 Bn | 27.16% |
| 6 | Molina Healthcare | 10.12 Bn | 1.21 Bn | 1.43 Bn | 13.19% |
| 7 | Oscar Health | 9.48 Bn | 922.10 Mn | 1.09 Bn | 22.25% |
| 8 | Alignment Healthcare | 2.69 Bn | 1.99 Bn | 180.96 Mn | 13.55% |
| 9 | Clover Health Investments | 2.16 Bn | 1.92 Bn | 153.00 Mn | 20.59% |
| 10 | Progyny | 2.03 Bn | 1.79 Bn | 89.30 Mn | 25.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 25.48% |
| 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% |