People (PPLI) Gross Margin (2019 - 2026)
People (PPLI) posted Gross Margin of 64.16% for Q2 2026, up 0.43 percentage points from 63.73% a year earlier and up 1.94 percentage points from the prior quarter.
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Analysis
People (PPLI) Gross Margin (2019 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at People was 65.70%, up 2.30 percentage points year-over-year; for FY2025, it came in at 66.16%, up 4.39 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of -6.87 percentage points (FY2020 to FY2025).
- In prior years, People's Gross Margin was 61.77% in FY2024 (+3.53 pp), 58.24% in FY2023 (-4.83 pp), 63.06% in FY2022 (-1.90 pp) and 64.96% in FY2021 (-8.08 pp).
- Quarterly Gross Margin has run from a low of 58.44% in Q1 2024 to a high of 69.80% in Q4 2025 over five years.
- On a year-over-year basis, Gross Margin has increased in each of the last six quarters, with an average year-over-year change of +1.07 percentage points over the last seven quarters.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q1 2023, with a gain of 8.63 percentage points; the weakest was Q1 2022, with a drop of 11.15 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 62.22% (Q1 2026), 69.80% (Q4 2025) and 64.83% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 81.37% |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 51.93% |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 38.11% |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 47.67% |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 44.93% |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | - |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | 57.06% |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 33.41% |
| 10 | People | 2.88 Bn | -1.30 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% |
| 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% |
| Jun 30, 2021 | 68.75% |
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();