Roku (ROKU) Gross Margin (2016 - 2026)
Roku (ROKU) recorded quarterly Gross Margin of 45.24% in Q1 2026, up 3.98% quarter-over-quarter from 43.5% in Q4 2025, and up 163.0% on a YoY basis from 17.2% in Q1 2025.
Roku (ROKU) Gross Margin (2016 - 2026) Analysis & Trends
Roku's Gross Margin history runs 11 years deep, the most recent figure standing at 45.24% for Q1 2026.
- In Q1 2026, Gross Margin rose 163.0% year-over-year to 45.24%; the TTM figure through Mar 2026 stood at 44.19% (up 39.0% YoY), while the FY2025 annual figure was 43.79%, down 11.0% from the prior year.
- Gross Margin was 45.24% for Q1 2026 at Roku, up from 43.5% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 49.72% in Q1 2022 to a low of 40.44% in Q3 2023.
- Historically, Gross Margin has averaged 44.5% across 5 years, with a median of 44.49% in 2023.
- Biggest YoY gain for Gross Margin was 513 bps in 2022; the steepest drop was 719 bps in 2022.
- A 5-year view of Gross Margin shows it stood at 42.02% in 2022, then rose by 6 bps to 44.49% in 2023, then fell by 4 bps to 42.68% in 2024, then gained by 2 bps to 43.5% in 2025, then climbed by 4 bps to 45.24% in 2026.
- The last three Gross Margin figures came in at 45.24% (Q1 2026), 43.5% (Q4 2025), and 43.36% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 349.58 Bn | 337.29 Bn | 11.41 Bn | 93.12% |
| 2 | Walt Disney | 175.79 Bn | 182.39 Bn | 23.68 Bn | 94.10% |
| 3 | Warner Bros. Discovery | 65.98 Bn | 63.84 Bn | 4.25 Bn | 47.79% |
| 4 | Brera Holdings | 47.91 Bn | 47.91 Bn | - | - |
| 5 | Live Nation Entertainment | 37.10 Bn | 28.65 Bn | 1.31 Bn | 34.66% |
| 6 | Fox | 26.20 Bn | 22.71 Bn | - | - |
| 7 | Liberty Media | 20.17 Bn | 20.84 Bn | 298.00 Mn | 41.91% |
| 8 | Roku | 18.22 Bn | 15.84 Bn | 564.94 Mn | 45.24% |
| 9 | News | 17.17 Bn | 15.69 Bn | - | - |
| 10 | TKO Group Holdings | 15.67 Bn | 13.98 Bn | 862.52 Mn | 54.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 45.24% |
| Dec 31, 2025 | 43.50% |
| Sep 30, 2025 | 43.36% |
| Jun 30, 2025 | 44.79% |
| Mar 31, 2025 | 43.60% |
| Dec 31, 2024 | 42.68% |
| Sep 30, 2024 | 45.20% |
| Jun 30, 2024 | 43.87% |
| Mar 31, 2024 | 44.05% |
| Dec 31, 2023 | 44.49% |
| Sep 30, 2023 | 40.44% |
| Jun 30, 2023 | 44.65% |
| Mar 31, 2023 | 45.56% |
| Dec 31, 2022 | 42.02% |
| Sep 30, 2022 | 46.86% |
| Jun 30, 2022 | 46.46% |
| Mar 31, 2022 | 49.72% |
| Dec 31, 2021 | 36.90% |
| Sep 30, 2021 | 53.52% |
| Jun 30, 2021 | 52.43% |