Pony (PNYG) Gross Margin (2019 - 2026)
Pony (PNYG) posted Gross Margin of 10.94% for Q2 2026, down 26.08 percentage points from 37.02% a year earlier and down 61.86 percentage points from the prior quarter.
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Analysis
Pony (PNYG) Gross Margin (2019 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Pony was 32.82%, down 7.58 percentage points year-over-year; for FY2025, it was 33.49%, down 9.55 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of -16.07 percentage points (FY2020 to FY2025).
- In prior years, Pony's Gross Margin was 43.04% in FY2024 (-2.83 pp), 45.88% in FY2023 (+13.29 pp), 32.59% in FY2022 (-2.50 pp) and 35.09% in FY2021 (-14.48 pp).
- The Q2 2026 figure stands as the lowest quarterly Gross Margin since Q4 2022.
- On a year-over-year basis, Gross Margin increased in four of the last eight quarters, with an average year-over-year change of -0.04 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q1 2022, with a gain of 173.25 percentage points; the weakest was Q4 2022, with a drop of 69.18 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 72.80% (Q1 2026), 26.97% (Q4 2025) and 31.36% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,126.42 Bn | 3,883.94 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,763.57 Bn | 1,466.09 Bn | 49.47 Bn | 81.37% |
| 3 | Netflix | 287.17 Bn | 247.37 Bn | 6.52 Bn | 51.93% |
| 4 | Alibaba Group Holding | 252.08 Bn | 65.86 Bn | 15.11 Bn | 38.11% |
| 5 | Shopify | 224.54 Bn | 201.72 Bn | 1.71 Bn | 47.67% |
| 6 | Uber Technologies | 140.28 Bn | 112.08 Bn | 6.38 Bn | 44.93% |
| 7 | Booking Holdings | 125.81 Bn | 58.86 Bn | - | - |
| 8 | PDD Holdings | 114.10 Bn | -129.68 Bn | 9.45 Bn | 57.06% |
| 9 | Spotify Technology | 108.24 Bn | 65.74 Bn | 1.86 Bn | 33.41% |
| 10 | Pony | 689,999.98 | 654,026.98 | 3,440.00 | 10.94% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.94% |
| Mar 31, 2026 | 72.80% |
| Dec 31, 2025 | 26.97% |
| Sep 30, 2025 | 31.36% |
| Jun 30, 2025 | 37.02% |
| Mar 31, 2025 | 38.40% |
| Dec 31, 2024 | 40.50% |
| Sep 30, 2024 | 53.38% |
| Jun 30, 2024 | 45.14% |
| Mar 31, 2024 | 34.64% |
| Dec 31, 2023 | 14.92% |
| Sep 30, 2023 | 47.66% |
| Jun 30, 2023 | 55.82% |
| Mar 31, 2023 | 56.19% |
| Dec 31, 2022 | -2.77% |
| Sep 30, 2022 | 71.45% |
| Jun 30, 2022 | 71.43% |
| Mar 31, 2022 | 16.89% |
| Dec 31, 2021 | 66.40% |
| Sep 30, 2021 | 17.74% |
API Access
Pony Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=PNYG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "PNYG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=PNYG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();