Pinterest (PINS) Gross Margin (2018 - 2026)
Pinterest (PINS) reported Gross Margin of 78.18% for Q2 2026, down 1.48 percentage points from 79.66% a year earlier but up 1.86 percentage points from the prior quarter.
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Analysis
Pinterest (PINS) Gross Margin (2018 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Pinterest's Gross Margin came in at 79.47%, down 0.38 percentage points year-over-year; for FY2025, it was 80.07%, up 0.65 percentage points from FY2024.
- Gross Margin has increased for three consecutive years, with a five-year change of +6.61 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 79.42% in FY2024 (+1.97 pp), 77.46% in FY2023 (+1.67 pp), 75.79% in FY2022 (-3.68 pp) and 79.47% in FY2021 (+6.02 pp).
- Five-year quarterly Gross Margin spans a low of 71.63% in Q1 2023 and a high of 83.32% in Q4 2021.
- Year over year, Gross Margin has now declined in each of the last three quarters, with an average year-over-year change of +0.47 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q3 2021 (a gain of 5.46 percentage points); the low point was Q3 2022 (a drop of 6.64 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 76.32% (Q1 2026), 82.80% (Q4 2025) and 79.76% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 81.37% |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 51.93% |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 38.11% |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 47.67% |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 44.93% |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | - |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | 57.06% |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 33.41% |
| 10 | 12.58 Bn | 4.86 Bn | 922.30 Mn | 78.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
API Access
Pinterest 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=PINS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "PINS", "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=PINS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();