Trupanion (TRUP) Gross Margin (2013 - 2026)
Trupanion's Gross Margin was 16.58% in Q2 2026, up 1.07 percentage points from 15.51% a year earlier and up 0.57 percentage points from the prior quarter.
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Analysis
Trupanion (TRUP) Gross Margin (2013 - 2026) Analysis & Trends
On a trailing twelve-month basis, Trupanion's Gross Margin was 16.55% through Jun 30, 2026, up 1.24 percentage points year-over-year; for FY2025, it came in at 16.05%, up 2.14 percentage points from FY2024.
- Gross Margin shows a five-year change of -0.26 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 13.91% in FY2024 (+2.09 pp), 11.82% in FY2023 (-1.68 pp), 13.50% in FY2022 (-1.43 pp) and 14.93% in FY2021 (-1.39 pp).
- Quarterly Gross Margin has moved between 10.28% (Q1 2023) and 17.26% (Q4 2025) over five years.
- Compared with a year earlier, Gross Margin has increased for ten straight quarters, with an average year-over-year change of +1.96 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q1 2025 (a gain of 3.11 percentage points); the worst was Q1 2023 (a drop of 4.23 percentage points).
- Per Business Quant data, TRUP's Gross Margin in the three quarters before Q2 2026 was 16.01% (Q1 2026), 17.26% (Q4 2025) and 16.37% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,248.67 Bn | -185.49 Bn | 56.71 Bn | 53.68% |
| 2 | Chubb | 141.22 Bn | 92.15 Bn | 8.67 Bn | 53.53% |
| 3 | Progressive | 134.26 Bn | 109.78 Bn | 8.29 Bn | 35.74% |
| 4 | Marsh & Mclennan Companies | 98.32 Bn | 90.72 Bn | - | - |
| 5 | Travelers Companies | 82.09 Bn | 59.57 Bn | 5.93 Bn | 47.74% |
| 6 | Manulife Financial | 75.36 Bn | -19.02 Bn | - | - |
| 7 | Arthur J. Gallagher | 72.54 Bn | 67.17 Bn | 3.33 Bn | 83.78% |
| 8 | Aon | 71.33 Bn | 50.56 Bn | - | - |
| 9 | Allstate | 65.04 Bn | 22.10 Bn | -9.85 Bn | -10,257.29% |
| 10 | Trupanion | 1.48 Bn | -67.48 Mn | 69.50 Mn | 17.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 17.14% |
| Jun 30, 2026 | 16.58% |
| Mar 31, 2026 | 16.01% |
| Dec 31, 2025 | 17.26% |
| Sep 30, 2025 | 16.37% |
| Jun 30, 2025 | 15.51% |
| Mar 31, 2025 | 14.94% |
| Dec 31, 2024 | 15.69% |
| Sep 30, 2024 | 15.08% |
| Jun 30, 2024 | 12.79% |
| Mar 31, 2024 | 11.83% |
| Dec 31, 2023 | 13.54% |
| Sep 30, 2023 | 12.33% |
| Jun 30, 2023 | 10.86% |
| Mar 31, 2023 | 10.28% |
| Dec 31, 2022 | 13.68% |
| Sep 30, 2022 | 12.86% |
| Jun 30, 2022 | 13.03% |
| Mar 31, 2022 | 14.51% |
| Dec 31, 2021 | 15.71% |
API Access
Trupanion Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=TRUP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TRUP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=TRUP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();