Progyny (PGNY) Gross Margin (2018 - 2026)
Progyny (PGNY) reported Gross Margin of 25.48% for Q2 2026, up 1.75 percentage points from 23.72% a year earlier and up 0.19 percentage points from the prior quarter.
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Analysis
Progyny (PGNY) Gross Margin (2018 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Progyny's Gross Margin came in at 24.57%, up 2.23 percentage points year-over-year; for FY2025, it came in at 23.63%, up 1.92 percentage points from FY2024.
- Gross Margin has a five-year change of +3.31 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 21.71% in FY2024 (-0.23 pp), 21.94% in FY2023 (+0.67 pp), 21.26% in FY2022 (-1.14 pp) and 22.40% in FY2021 (+2.08 pp).
- The Q2 2026 figure ranks as the highest quarterly Gross Margin in data going back to Q1 2018.
- Year over year, Gross Margin has now increased in each of the last seven quarters, with an average year-over-year change of +1.24 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q1 2023 (a gain of 3.56 percentage points); the low point was Q1 2022 (a drop of 4.54 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 25.29% (Q1 2026), 24.15% (Q4 2025) and 23.24% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 102.03 Bn | 98.04 Bn | - | - |
| 2 | Natera | 59.79 Bn | 55.47 Bn | 485.19 Mn | 64.46% |
| 3 | Quest Diagnostics | 26.40 Bn | 24.52 Bn | 1.03 Bn | 33.75% |
| 4 | Labcorp Holdings | 26.33 Bn | 24.07 Bn | 1.11 Bn | 29.80% |
| 5 | Tenet Healthcare | 22.62 Bn | 11.63 Bn | - | - |
| 6 | Guardant Health | 22.55 Bn | 18.61 Bn | 219.03 Mn | 65.39% |
| 7 | BrightSpring Health Services | 12.97 Bn | 11.30 Bn | 492.75 Mn | 12.72% |
| 8 | Fresenius Medical Care AG | 12.58 Bn | 4.53 Bn | 1.52 Bn | 26.95% |
| 9 | Tempus AI | 12.19 Bn | 9.22 Bn | 246.50 Mn | 64.45% |
| 10 | Progyny | 2.24 Bn | 1.12 Bn | 89.30 Mn | 25.48% |
Historic Data
Download Data
Historic 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% |
API Access
Progyny Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=PGNY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "PGNY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=PGNY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();