Eplus (PLUS) Gross Margin (2010 - 2025)
Eplus (PLUS) reported Gross Margin of 25.81% for Q4 2025, up 45.0% on a YoY basis from 17.8% in Q4 2024, and down 3.09% sequentially from 26.63% in Q3 2025.
Eplus (PLUS) Gross Margin (2010 - 2025) Analysis & Trends
Eplus (PLUS) has 16 years of Gross Margin data on file, last reported at 25.81% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin rose 45.0% year-over-year to 25.81%; the trailing twelve-month figure through Dec 2025 stood at 25.24% (up 70.0% YoY), and the FY2024 full-year result was 24.75%, down 28.0% from the prior year.
- Gross Margin fell to 25.81% in Q4 2025, from 26.63% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 27.76% in Q1 2021 to a low of 22.82% in Q4 2022.
- A 5-year average of 25.23% and a median of 25.36% in 2024 frame the typical range for Gross Margin.
- Peak annual rise in Gross Margin reached 400 bps in 2021, while the deepest fall reached 244 bps in 2021.
- Tracing PLUS's Gross Margin over 5 years: stood at 23.67% in 2021, then retreated by 4 bps to 22.82% in 2022, then increased by 15 bps to 26.29% in 2023, then fell by 4 bps to 25.36% in 2024, then increased by 2 bps to 25.81% in 2025.
- Business Quant data shows PLUS's Gross Margin at 25.81% in Q4 2025, 26.63% in Q3 2025, and 23.26% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | Eplus | 2.41 Bn | 2.00 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 25.81% |
| Sep 30, 2025 | 26.63% |
| Jun 30, 2025 | 23.26% |
| Dec 31, 2024 | 25.36% |
| Sep 30, 2024 | 25.80% |
| Jun 30, 2024 | 23.69% |
| Mar 31, 2024 | 23.51% |
| Dec 31, 2023 | 26.29% |
| Sep 30, 2023 | 25.33% |
| Jun 30, 2023 | 24.78% |
| Mar 31, 2023 | 24.38% |
| Dec 31, 2022 | 22.82% |
| Sep 30, 2022 | 27.00% |
| Jun 30, 2022 | 25.53% |
| Mar 31, 2022 | 25.55% |
| Dec 31, 2021 | 23.67% |
| Sep 30, 2021 | 26.86% |
| Jun 30, 2021 | 25.32% |
| Mar 31, 2021 | 27.76% |
| Dec 31, 2020 | 22.95% |