Phreesia (PHR) Gross Margin (2018 - 2026)
Phreesia (PHR) reported Gross Margin of 86.51% for Q2 2026, up 86.0% on a YoY basis from 46.51% in Q2 2025, and up 1.72% sequentially from 85.05% in Q1 2026.
Phreesia (PHR) Gross Margin (2018 - 2026) Analysis & Trends
Phreesia (PHR) has 9 years of Gross Margin data on file, last reported at 86.51% in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 86.0% year-over-year to 86.51%; the trailing twelve-month figure through Apr 2026 stood at 85.39% (up 85.0% YoY), and the FY2026 full-year result was 85.15%, up 93.0% from the prior year.
- Gross Margin advanced to 86.51% in Q2 2026, from 85.05% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 86.51% in Q2 2026 to a low of 77.29% in Q2 2022.
- A 5-year average of 82.76% and a median of 83.22% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin slumped 504 bps in 2022 and soared 508 bps in 2023, its largest moves.
- Tracing PHR's Gross Margin over 5 years: stood at 80.08% in 2022, then advanced by 4 bps to 83.05% in 2023, then gained by 0 bps to 83.28% in 2024, then increased by 2 bps to 84.76% in 2025, then advanced by 2 bps to 86.51% in 2026.
- Business Quant data shows PHR's Gross Margin at 86.51% in Q2 2026, 85.05% in Q1 2026, and 84.76% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 72.27% |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | 70.39% |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 84.60% |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | 57.35% |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 69.08% |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 86.65% |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | - |
| 10 | Phreesia | 598.48 Mn | 522.08 Mn | 113.28 Mn | 86.51% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 86.51% |
| Jan 31, 2026 | 85.05% |
| Oct 31, 2025 | 84.76% |
| Jul 31, 2025 | 85.16% |
| Apr 30, 2025 | 85.65% |
| Jan 31, 2025 | 84.95% |
| Oct 31, 2024 | 83.28% |
| Jul 31, 2024 | 84.19% |
| Apr 30, 2024 | 84.47% |
| Jan 31, 2024 | 83.01% |
| Oct 31, 2023 | 83.05% |
| Jul 31, 2023 | 83.17% |
| Apr 30, 2023 | 82.22% |
| Jan 31, 2023 | 80.25% |
| Oct 31, 2022 | 80.08% |
| Jul 31, 2022 | 78.09% |
| Apr 30, 2022 | 77.29% |
| Jan 31, 2022 | 78.53% |
| Oct 31, 2021 | 79.18% |
| Jul 31, 2021 | 80.33% |