Tucows (TCX) Gross Margin (2010 - 2026)

Tucows (TCX) has reported Gross Margin for 17 consecutive years, with 24.96% the latest figure, recorded in Q1 2026.

• Gross Margin for Q1 2026 came in at 24.96%, up 9.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 24.1% (up 21.0% YoY), and the FY2025 annual result was 24.07%, up 115.0% from the prior year.
• Gross Margin was 24.96% for Q1 2026 at Tucows, up from 24.46% in the prior quarter.
• Over five years, Gross Margin peaked at 26.54% in Q2 2022 and troughed at 17.48% in Q1 2023.
• Average Gross Margin over 5 years is 22.86%, with a median of 23.27% recorded in 2024.
• Year-over-year, Gross Margin sank 866 bps in 2023 and surged 478 bps in 2024.
• Over 5 years, Gross Margin stood at 21.56% in 2022, then decreased by 5 bps to 20.49% in 2023, then grew by 14 bps to 23.32% in 2024, then gained by 5 bps to 24.46% in 2025, then increased by 2 bps to 24.96% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 24.96% in Q1 2026, 24.46% in Q4 2025, and 24.53% in Q3 2025.