Trupanion (TRUP) Gross Margin (2013 - 2026)
Trupanion's (TRUP) quarterly Gross Margin came in at 16.01% in Q1 2026, up 107.0% YoY from 7.73% in Q1 2025, and down 7.21% on a QoQ basis from 17.26% in Q4 2025.
Trupanion (TRUP) Gross Margin (2013 - 2026) Analysis & Trends
Trupanion (TRUP) has 14 years of Gross Margin data on file, last reported at 16.01% in Q1 2026.
- Quarterly Gross Margin rose 107.0% year-over-year to 16.01% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 16.3% (up 164.0% YoY) and the FY2025 annual result came in at 16.05%, up 214.0% from the prior year.
- Gross Margin retreated to 16.01% in Q1 2026, from 17.26% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 17.26% in Q4 2025 to a low of 10.28% in Q1 2023.
- A 5-year average of 13.92% and a median of 13.68% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin slumped 423 bps — and 2025, when it surged 311 bps.
- Tracing TRUP's Gross Margin over 5 years: stood at 13.68% in 2022, then declined by 1 bps to 13.54% in 2023, then climbed by 16 bps to 15.69% in 2024, then climbed by 10 bps to 17.26% in 2025, then slipped by 7 bps to 16.01% in 2026.
- The last three Gross Margin figures came in at 16.01% (Q1 2026), 17.26% (Q4 2025), and 16.37% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.48 Bn | 120.72 Bn | 9.13 Bn | 57.69% |
| 2 | Progressive | 123.71 Bn | 118.71 Bn | 9.04 Bn | 38.28% |
| 3 | Travelers Companies | 79.14 Bn | 55.39 Bn | 4.83 Bn | 44.93% |
| 4 | Allstate | 67.04 Bn | 28.31 Bn | 16.28 Bn | 87.55% |
| 5 | Fairfax Financial Holdings | 35.29 Bn | 35.29 Bn | - | - |
| 6 | Cincinnati Financial | 26.69 Bn | 24.80 Bn | 2.39 Bn | 55.85% |
| 7 | Loews | 23.25 Bn | 947.16 Mn | 2.57 Bn | 54.18% |
| 8 | Markel | 23.10 Bn | 6.22 Bn | 2.83 Bn | 70.46% |
| 9 | Assurant | 13.92 Bn | 11.89 Bn | 2.71 Bn | 78.34% |
| 10 | Trupanion | 1.34 Bn | 939.23 Mn | 65.13 Mn | 16.58% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 15.50% |