Phreesia (PHR) Gross Margin (2018 - 2026)
Phreesia's (PHR) quarterly Gross Margin came in at 86.51% in Q2 2026, up 86.0% year-on-year from 46.51% in Q2 2025, and up 38.81% quarter-over-quarter from 62.33% in Q1 2026.
Phreesia (PHR) Gross Margin (2018 - 2026) Analysis & Trends
Phreesia has disclosed Gross Margin across 9 years of filings, most recently posting 86.51% for Q2 2026.
- Gross Margin for Q2 2026 came in at 86.51%, up 86.0% year-over-year; the trailing twelve-month figure through Apr 2026 was 78.39% (up 929.0% YoY), and the FY2026 annual result was 79.14%, up 799.0% from the prior year.
- Gross Margin came in at 86.51% for Q2 2026 at Phreesia, up from 62.33% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 152.74% in Q1 2024 to a low of 31.35% in Q1 2022.
- The 5-year median for Gross Margin is 81.15% (2022), against an average of 72.13%.
- Across the five-year window, Gross Margin jumped 10009 bps in 2024 and plunged 11785 bps in 2025, its largest moves.
- Phreesia's Gross Margin stood at 80.08% in 2022, then climbed by 4 bps to 83.05% in 2023, then dropped by 13 bps to 71.84% in 2024, then climbed by 11 bps to 79.93% in 2025, then increased by 8 bps to 86.51% in 2026.
- The last three Gross Margin figures came in at 86.51% (Q2 2026), 62.33% (Q1 2026), and 79.93% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 72.27% |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 84.60% |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | 70.39% |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 86.65% |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 85.40% |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | 98.65% |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 45.30% |
| 10 | Phreesia | 569.84 Mn | 493.44 Mn | 113.28 Mn | 86.51% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 86.51% |
| Jan 31, 2026 | 62.33% |
| Oct 31, 2025 | 79.93% |
| Jul 31, 2025 | 85.16% |
| Apr 30, 2025 | 85.65% |
| Jan 31, 2025 | 34.89% |
| Oct 31, 2024 | 71.84% |
| Jul 31, 2024 | 84.19% |
| Apr 30, 2024 | 84.47% |
| Jan 31, 2024 | 152.74% |
| Oct 31, 2023 | 83.05% |
| Jul 31, 2023 | 83.17% |
| Apr 30, 2023 | 82.22% |
| Jan 31, 2023 | 52.65% |
| Oct 31, 2022 | 80.08% |
| Jul 31, 2022 | 43.51% |
| Apr 30, 2022 | 77.29% |
| Jan 31, 2022 | -31.35% |
| Oct 31, 2021 | 79.18% |
| Jul 31, 2021 | 80.33% |