Pinterest PINS
NYSE PINS
$21.72 -1.48 (-6.36%)
As of: Aug 31, 2026 · 3:59 PM EDT

Pinterest (PINS) Gross Margin (2018 - 2026)

Pinterest's (PINS) quarterly Gross Margin came in at 76.32% in Q1 2026, down 37.0% YoY from 121.15% in Q1 2025, and down 7.82% on a QoQ basis from 82.8% in Q4 2025.

Analysis

Pinterest (PINS) Gross Margin (2018 - 2026) Analysis & Trends

Pinterest (PINS) has 9 years of Gross Margin data on file, last reported at 76.32% in Q1 2026.

  • Quarterly Gross Margin fell 37.0% year-over-year to 76.32% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 79.86% (up 30.0% YoY) and the FY2025 annual result came in at 80.07%, up 65.0% from the prior year.
  • Gross Margin retreated to 76.32% in Q1 2026, from 82.8% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 82.93% in Q4 2024 to a low of 71.63% in Q1 2023.
  • A 5-year average of 77.68% and a median of 77.59% in 2023 frame the typical range for Gross Margin.
  • Annual changes were most pronounced in 2022 — Gross Margin plunged 664 bps — and 2023, when it surged 427 bps.
  • Tracing PINS's Gross Margin over 5 years: stood at 78.91% in 2022, then climbed by 4 bps to 81.85% in 2023, then grew by 1 bps to 82.93% in 2024, then fell by 0 bps to 82.8% in 2025, then declined by 8 bps to 76.32% in 2026.
  • The last three Gross Margin figures came in at 76.32% (Q1 2026), 82.8% (Q4 2025), and 79.76% (Q3 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Alphabet 4,083.83 Bn 3,654.79 Bn 73.85 Bn 61.65%
2 Meta Platforms 1,456.07 Bn 1,365.81 Bn 49.47 Bn 81.37%
3 Spotify Technology 111.71 Bn 104.79 Bn 1.86 Bn 33.41%
4 Nebius 50.03 Bn 40.93 Bn 448.70 Mn 77.06%
5 Reddit 28.44 Bn 25.65 Bn 734.60 Mn 91.27%
6 Bilibili 13.59 Bn 11.45 Bn 433.97 Mn 37.22%
7 Tencent Music Entertainment 12.71 Bn 9.21 Bn 582.00 Mn -
8 Pinterest 12.21 Bn 10.93 Bn 922.30 Mn 78.18%
9 Match 9.45 Bn 8.86 Bn 648.84 Mn 76.06%
10 Snap 9.26 Bn 6.60 Bn 931.11 Mn 58.23%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 78.18%
Mar 31, 2026 76.32%
Dec 31, 2025 82.80%
Sep 30, 2025 79.76%
Jun 30, 2025 79.66%
Mar 31, 2025 76.69%
Dec 31, 2024 82.93%
Sep 30, 2024 79.13%
Jun 30, 2024 78.35%
Mar 31, 2024 75.53%
Dec 31, 2023 81.85%
Sep 30, 2023 77.59%
Jun 30, 2023 76.17%
Mar 31, 2023 71.63%
Dec 31, 2022 78.91%
Sep 30, 2022 73.33%
Jun 30, 2022 75.24%
Mar 31, 2022 74.59%
Dec 31, 2021 83.32%
Sep 30, 2021 79.97%