People (PPLI) Gross Margin (2019 - 2026)
People's (PPLI) quarterly Gross Margin came in at 64.16% in Q2 2026, up 43.0% on a YoY basis from 44.87% in Q2 2025, and up 3.12% quarter-over-quarter from 62.22% in Q1 2026.
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People (PPLI) Gross Margin (2019 - 2026) Analysis & Trends
People (PPLI) has reported Gross Margin for 8 consecutive years, with 64.16% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 43.0% year-over-year to 64.16%; the trailing twelve-month figure through Jun 2026 stood at 65.7% (up 230.0% YoY), and the FY2025 full-year result was 66.16%, up 439.0% from the prior year.
- Gross Margin rose to 64.16% in Q2 2026 per PPLI's latest filing, from 62.22% in the prior quarter.
- Across five years, Gross Margin topped out at 146.64% in Q4 2023 and bottomed at 58.44% in Q1 2024.
- Historically, Gross Margin has averaged 68.74% across 5 years, with a median of 64.49% in 2026.
- The sharpest annual moves came in 2023 and 2024: Gross Margin soared 8181 bps in 2023, then slumped 8081 bps in 2024.
- Over 5 years, Gross Margin stood at 64.83% in 2022, then soared by 126 bps to 146.64% in 2023, then tumbled by 55 bps to 65.83% in 2024, then rose by 6 bps to 69.8% in 2025, then retreated by 8 bps to 64.16% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 64.16%, 62.22%, and 69.8% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn | 38.11% |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn | 67.75% |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn | 57.06% |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn | 82.46% |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn | 40.90% |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn | 73.45% |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn | 90.66% |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn | 72.00% |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - | - |
| 10 | People | 2.48 Bn | 1.41 Bn | 280.20 Mn | 64.16% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 64.16% |
| Mar 31, 2026 | 62.22% |
| Dec 31, 2025 | 69.80% |
| Sep 30, 2025 | 64.83% |
| Jun 30, 2025 | 63.73% |
| Mar 31, 2025 | 61.11% |
| Dec 31, 2024 | 65.83% |
| Sep 30, 2024 | 62.14% |
| Jun 30, 2024 | 60.06% |
| Mar 31, 2024 | 58.44% |
| Dec 31, 2023 | 146.64% |
| Sep 30, 2023 | 69.19% |
| Jun 30, 2023 | 68.24% |
| Mar 31, 2023 | 68.37% |
| Dec 31, 2022 | 64.83% |
| Sep 30, 2022 | 65.31% |
| Jun 30, 2022 | 62.60% |
| Mar 31, 2022 | 59.74% |
| Dec 31, 2021 | 59.68% |
| Sep 30, 2021 | 63.15% |
API Access
People 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=PPLI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "PPLI", "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=PPLI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();