Trupanion (TRUP) Gross Margin (2013 - 2026)
Trupanion (TRUP) reported Gross Margin of 16.01% for Q1 2026, up 107.0% on a YoY basis from 7.73% in Q1 2025, and down 94.92% quarter-over-quarter from 315.22% in Q4 2025.
Trupanion (TRUP) Gross Margin (2013 - 2026) Analysis & Trends
Trupanion has reported Gross Margin for 14 years, with the latest figure at 16.01% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 107.0% year-over-year to 16.01%; the trailing twelve-month figure through Mar 2026 stood at 92.1% (up 11601.0% YoY), and the FY2025 full-year result was 94.07%, up 8016.0% from the prior year.
- Gross Margin for Q1 2026 stood at 16.01%, down from 315.22% in the prior quarter.
- The five-year high for Gross Margin was 315.22% in Q4 2025, with the low at 212.43% in Q4 2024.
- Historically, Gross Margin has averaged 41.32% across 5 years, with a median of 15.51% in 2025.
- Annual changes were most pronounced in 2024 — Gross Margin plunged 30662 bps — and 2025, when it surged 52765 bps.
- Trupanion's Gross Margin stood at 90.87% in 2022, then climbed by 4 bps to 94.19% in 2023, then plunged by 326 bps to 212.43% in 2024, then surged by 248 bps to 315.22% in 2025, then tumbled by 95 bps to 16.01% in 2026.
- The last three Gross Margin figures came in at 16.01% (Q1 2026), 315.22% (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 | 127.40 Bn | 119.98 Bn | 8.64 Bn | 58.50% |
| 2 | Progressive | 119.47 Bn | 115.12 Bn | 8.36 Bn | 37.68% |
| 3 | Travelers Companies | 65.26 Bn | 41.34 Bn | 5.54 Bn | 46.48% |
| 4 | Allstate | 57.33 Bn | 32.74 Bn | 14.72 Bn | 86.87% |
| 5 | Berkley W R | 26.90 Bn | 23.16 Bn | 2.72 Bn | 73.70% |
| 6 | Cincinnati Financial | 25.67 Bn | 24.41 Bn | 2.60 Bn | 99.65% |
| 7 | Markel | 22.97 Bn | 7.51 Bn | 2.38 Bn | 67.14% |
| 8 | Loews | 22.18 Bn | 9.92 Bn | -1.32 Bn | -153.50% |
| 9 | Assurant | 12.79 Bn | 10.87 Bn | 2.01 Bn | 72.35% |
| 10 | Trupanion | 957.12 Mn | 573.46 Mn | 61.49 Mn | 16.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.01% |
| Dec 31, 2025 | 315.22% |
| Sep 30, 2025 | 16.37% |
| Jun 30, 2025 | 15.51% |
| Mar 31, 2025 | 14.94% |
| Dec 31, 2024 | -212.43% |
| Sep 30, 2024 | 94.41% |
| Jun 30, 2024 | 12.79% |
| Mar 31, 2024 | 11.83% |
| Dec 31, 2023 | 94.19% |
| Sep 30, 2023 | 12.33% |
| Jun 30, 2023 | 10.86% |
| Mar 31, 2023 | 91.56% |
| Dec 31, 2022 | 90.87% |
| Sep 30, 2022 | 90.40% |
| Jun 30, 2022 | 13.03% |
| Mar 31, 2022 | 14.51% |
| Dec 31, 2021 | 281.17% |
| Sep 30, 2021 | 89.15% |
| Jun 30, 2021 | 14.59% |