Pinterest (PINS) Gross Margin (2018 - 2026)
Pinterest (PINS) reported Gross Margin of 76.32% for Q1 2026, up 602.0% on a YoY basis from 10.87% in Q1 2025, and up 31.24% quarter-over-quarter from 58.15% in Q4 2025.
Pinterest (PINS) Gross Margin (2018 - 2026) Analysis & Trends
Pinterest has reported Gross Margin for 9 years, with the latest figure at 76.32% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 602.0% year-over-year to 76.32%; the trailing twelve-month figure through Mar 2026 stood at 67.99% (down 652.0% YoY), and the FY2025 full-year result was 72.36%, up 11.0% from the prior year.
- Gross Margin for Q1 2026 stood at 76.32%, up from 58.15% in the prior quarter.
- The five-year high for Gross Margin was 81.85% in Q4 2023, with the low at 58.15% in Q4 2025.
- Historically, Gross Margin has averaged 72.77% across 5 years, with a median of 74.59% in 2022.
- Annual changes were most pronounced in 2023 — Gross Margin soared 1802 bps — and 2025, when it tumbled 1836 bps.
- Pinterest's Gross Margin stood at 63.83% in 2022, then climbed by 28 bps to 81.85% in 2023, then declined by 7 bps to 76.51% in 2024, then slipped by 24 bps to 58.15% in 2025, then surged by 31 bps to 76.32% in 2026.
- The last three Gross Margin figures came in at 76.32% (Q1 2026), 58.15% (Q4 2025), and 71.72% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | 73.98% |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 93.08% |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | 81.85% |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | 32.98% |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 77.17% | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | 76.32% | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | 85.23% |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | 84.37% |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | 73.31% |
| 10 | Match | 8.04 Bn | 7.01 Bn | 653.28 Mn | 75.62% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 76.32% |
| Dec 31, 2025 | 58.15% |
| Sep 30, 2025 | 71.72% |
| Jun 30, 2025 | 68.64% |
| Mar 31, 2025 | 70.30% |
| Dec 31, 2024 | 76.51% |
| Sep 30, 2024 | 72.28% |
| 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 | 66.62% |
| Dec 31, 2022 | 63.83% |
| Sep 30, 2022 | 73.33% |
| Jun 30, 2022 | 75.24% |
| Mar 31, 2022 | 74.59% |
| Dec 31, 2021 | 70.09% |
| Sep 30, 2021 | 75.34% |
| Jun 30, 2021 | 79.16% |