Growth Metrics

Pure Storage (PSTG) Gross Margin (2016 - 2025)

Pure Storage (PSTG) has disclosed Gross Margin for 11 consecutive years, with 72.31% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Gross Margin rose 217.0% year-over-year to 72.31%, compared with a TTM value of 69.81% through Nov 2025, down 125.0%, and an annual FY2025 reading of 69.84%, down 156.0% over the prior year.
  • Gross Margin was 72.31% for Q4 2025 at Pure Storage, up from 70.19% in the prior quarter.
  • Across five years, Gross Margin topped out at 72.46% in Q4 2023 and bottomed at 66.6% in Q4 2021.
  • Average Gross Margin over 5 years is 69.52%, with a median of 69.13% recorded in 2022.
  • The sharpest move saw Gross Margin soared 348bps in 2023, then tumbled -447bps in 2025.
  • Year by year, Gross Margin stood at 66.6% in 2021, then rose by 4bps to 68.98% in 2022, then increased by 5bps to 72.46% in 2023, then dropped by -3bps to 70.14% in 2024, then grew by 3bps to 72.31% in 2025.
  • Business Quant data shows Gross Margin for PSTG at 72.31% in Q4 2025, 70.19% in Q3 2025, and 68.87% in Q2 2025.