Tucows (TCX) Gross Margin (2010 - 2026)

Tucows (TCX) has reported Gross Margin for 17 consecutive years, with 25.64% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Gross Margin rose 319.0% year-over-year to 25.64%; the trailing twelve-month figure through Jun 2026 stood at 24.9% (up 124.0% YoY), and the FY2025 full-year result was 24.07%, up 115.0% from the prior year.
• Gross Margin grew to 25.64% in Q2 2026 per TCX's latest filing, from 24.96% 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.
• Historically, Gross Margin has averaged 23.01% across 5 years, with a median of 23.3% in 2024.
• The sharpest annual moves came in 2023 and 2024: Gross Margin plunged 866 bps in 2023, then jumped 478 bps in 2024.
• Over 5 years, Gross Margin stood at 21.56% in 2022, then retreated by 5 bps to 20.49% in 2023, then climbed by 14 bps to 23.32% in 2024, then rose by 5 bps to 24.46% in 2025, then gained by 5 bps to 25.64% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 25.64%, 24.96%, and 24.46% for Q2 2026, Q1 2026, and Q4 2025 respectively.