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
DateValue
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%