Eplus (PLUS) Gross Margin (2010 - 2026)

Eplus (PLUS) posted Gross Margin of 25.81% for Q4 2025, down 3.09% sequentially from 26.63% in Q3 2025, and up 45.0% YoY from 17.8% in Q4 2024.

Eplus (PLUS) Gross Margin (2010 - 2026) Analysis & Trends

Eplus has reported Gross Margin for 16 years, with the latest figure at 25.81% in Q4 2025.

Quarterly Gross Margin rose 45.0% year-over-year to 25.81% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 25.24% (up 70.0% YoY) and the FY2024 annual result came in at 24.75%, down 28.0% from the prior year.
Gross Margin fell to 25.81% in Q4 2025 per PLUS's latest filing, from 26.63% in the prior quarter.
Over five years, Gross Margin peaked at 27.76% in Q1 2021 and troughed at 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.
The widest YoY moves for Gross Margin: up 400 bps in 2021, down 244 bps in 2021.
Over 5 years, Gross Margin stood at 23.67% in 2021, then dropped by 4 bps to 22.82% in 2022, then advanced by 15 bps to 26.29% in 2023, then slipped by 4 bps to 25.36% in 2024, then advanced by 2 bps to 25.81% in 2025.
According to Business Quant data, Gross Margin over the past three periods registered 25.81%, 26.63%, and 23.26% for Q4 2025, Q3 2025, and Q2 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Sap Se	255.48 Bn	234.41 Bn	16.51 Bn	73.08%
2	Shopify	198.95 Bn	194.00 Bn	1.71 Bn	47.67%
3	Salesforce	160.70 Bn	148.86 Bn	8.56 Bn	76.92%
4	Uber Technologies	154.94 Bn	149.73 Bn	6.38 Bn	44.93%
5	ServiceNow	128.25 Bn	123.58 Bn	2.82 Bn	70.68%
6	Snowflake	114.00 Bn	111.05 Bn	926.45 Mn	66.61%
7	Automatic Data Processing	108.58 Bn	104.35 Bn	2.51 Bn	45.88%
8	Adobe	105.34 Bn	99.72 Bn	5.90 Bn	89.20%
9	Intuit	94.55 Bn	87.77 Bn	7.24 Bn	84.61%
10	Eplus	2.31 Bn	1.87 Bn	151.33 Mn	23.31%

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