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| 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% |