Palantir Technologies (PLTR) Gross Margin (2019 - 2026)
Palantir Technologies (PLTR) posted quarterly Gross Margin of 86.78% for Q1 2026, up 635.0% year-over-year from 11.81% in Q1 2025, and up 2.52% quarter-over-quarter from 84.65% in Q4 2025.
Palantir Technologies (PLTR) Gross Margin (2019 - 2026) Analysis & Trends
Palantir Technologies (PLTR) has reported Gross Margin for 8 consecutive years, with 86.78% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 635.0% year-over-year to 86.78%; the TTM figure through Mar 2026 stood at 84.07% (up 406.0% YoY), while the FY2025 annual figure was 82.37%, up 212.0% from the prior year.
- Gross Margin grew to 86.78% in Q1 2026 per PLTR's latest filing, from 84.65% in the prior quarter.
- Across five years, Gross Margin topped out at 86.78% in Q1 2026 and bottomed at 77.48% in Q3 2022.
- Historically, Gross Margin has averaged 80.76% across 5 years, with a median of 80.43% in 2025.
- Annual changes were most pronounced in 2024 — Gross Margin tumbled 323 bps — and 2026, when it soared 635 bps.
- Palantir Technologies' Gross Margin stood at 79.49% in 2022, then advanced by 3 bps to 82.14% in 2023, then declined by 4 bps to 78.91% in 2024, then increased by 7 bps to 84.65% in 2025, then grew by 3 bps to 86.78% in 2026.
- Business Quant data shows PLTR's Gross Margin at 86.78% in Q1 2026, 84.65% in Q4 2025, and 82.45% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 67.20% |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | - |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 84.66% |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 67.55% |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 80.24% |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 71.76% |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 73.54% |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 65.86% |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 47.84% |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 70.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 84.66% |
| Mar 31, 2026 | 86.78% |
| Dec 31, 2025 | 84.65% |
| Sep 30, 2025 | 82.45% |
| Jun 30, 2025 | 80.78% |
| Mar 31, 2025 | 80.43% |
| Dec 31, 2024 | 78.91% |
| Sep 30, 2024 | 79.79% |
| Jun 30, 2024 | 81.04% |
| Mar 31, 2024 | 81.67% |
| Dec 31, 2023 | 82.14% |
| Sep 30, 2023 | 80.66% |
| Jun 30, 2023 | 79.96% |
| Mar 31, 2023 | 79.50% |
| Dec 31, 2022 | 79.49% |
| Sep 30, 2022 | 77.48% |
| Jun 30, 2022 | 78.39% |
| Mar 31, 2022 | 78.85% |
| Dec 31, 2021 | 79.77% |
| Sep 30, 2021 | 77.86% |