Eplus (PLUS) Gross Margin (2010 - 2025)
Eplus' (PLUS) quarterly Gross Margin came in at 25.81% in Q4 2025, up 45.0% year-on-year from 17.8% in Q4 2024, and down 3.09% quarter-over-quarter from 26.63% in Q3 2025.
Eplus (PLUS) Gross Margin (2010 - 2025) Analysis & Trends
Eplus has disclosed Gross Margin across 16 years of filings, most recently posting 25.81% for Q4 2025.
- Gross Margin for Q4 2025 came in at 25.81%, up 45.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 25.24% (down 10.0% YoY), and the FY2024 annual result was 25.5%, down 36.0% from the prior year.
- Gross Margin came in at 25.81% for Q4 2025 at Eplus, down from 26.63% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 30.08% in Q1 2022 to a low of 22.82% in Q4 2022.
- The 5-year median for Gross Margin is 25.8% (2024), against an average of 25.87%.
- Across the five-year window, Gross Margin sank 244 bps in 2021 and surged 463 bps in 2023, its largest moves.
- Eplus' Gross Margin stood at 23.67% in 2021, then decreased by 4 bps to 22.82% in 2022, then advanced by 20 bps to 27.45% in 2023, then declined by 8 bps to 25.36% in 2024, then rose by 2 bps to 25.81% in 2025.
- The last three Gross Margin figures came in at 25.81% (Q4 2025), 26.63% (Q3 2025), and 23.26% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 257.53 Bn | 239.56 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 171.61 Bn | 169.06 Bn | - | - |
| 3 | Salesforce | 152.15 Bn | 140.31 Bn | 8.56 Bn | 76.92% |
| 4 | Uber Technologies | 144.45 Bn | 143.41 Bn | 11.88 Bn | 89.96% |
| 5 | Shopify | 144.09 Bn | 138.34 Bn | 1.55 Bn | 48.77% |
| 6 | ServiceNow | 110.55 Bn | 105.37 Bn | 2.83 Bn | 75.07% |
| 7 | Cadence Design Systems | 106.32 Bn | 104.91 Bn | 1.26 Bn | 85.65% |
| 8 | Adobe | 97.77 Bn | 90.88 Bn | 5.73 Bn | 89.62% |
| 9 | Automatic Data Processing | 93.39 Bn | 90.16 Bn | 2.87 Bn | 48.28% |
| 10 | Eplus | 2.16 Bn | 1.74 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 | 26.63% |
| Dec 31, 2023 | 27.45% |
| Sep 30, 2023 | 25.33% |
| Jun 30, 2023 | 24.78% |
| Mar 31, 2023 | 27.75% |
| Dec 31, 2022 | 22.82% |
| Sep 30, 2022 | 27.00% |
| Jun 30, 2022 | 25.53% |
| Mar 31, 2022 | 30.08% |
| 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% |