Tucows (TCX) Gross Margin (2010 - 2026)

Tucows' Gross Margin history runs 17 years deep, the most recent figure standing at 24.96% for Q1 2026.

• On a quarterly basis, Gross Margin rose 9.0% year-over-year to 24.96% in Q1 2026; TTM through Mar 2026 was 24.1%, a 21.0% increase from a year earlier, with the FY2025 full-year figure at 24.07%, up 115.0% from the prior year.
• Gross Margin advanced to 24.96% in Q1 2026 per TCX's latest filing, from 24.46% in the prior quarter.
• Across five years, Gross Margin topped out at 26.54% in Q2 2022 and bottomed at 17.48% in Q1 2023.
• The 5-year median for Gross Margin is 23.27% (2024), against an average of 22.86%.
• Across the five-year window, Gross Margin tumbled 866 bps in 2023 and surged 478 bps in 2024, its largest moves.
• Year by year, Gross Margin stood at 21.56% in 2022, then fell by 5 bps to 20.49% in 2023, then advanced by 14 bps to 23.32% in 2024, then increased by 5 bps to 24.46% in 2025, then climbed by 2 bps to 24.96% in 2026.
• Per Business Quant, the three latest TCX Gross Margin figures stand at 24.96% (Q1 2026), 24.46% (Q4 2025), and 24.53% (Q3 2025).