Trupanion (TRUP) Gross Margin (2013 - 2026)
Trupanion (TRUP) posted Gross Margin of 16.01% for Q1 2026, down 94.92% quarter-over-quarter from 315.22% in Q4 2025, and up 107.0% year-on-year from 7.73% in Q1 2025.
Trupanion (TRUP) Gross Margin (2013 - 2026) Analysis & Trends
Trupanion (TRUP) has reported Gross Margin for 14 consecutive years, with 16.01% the latest figure, recorded in Q1 2026.
- Gross Margin for Q1 2026 came in at 16.01%, up 107.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 92.1% (up 11601.0% YoY), and the FY2025 annual result was 94.07%, up 8016.0% from the prior year.
- Gross Margin was 16.01% for Q1 2026 at Trupanion, down from 315.22% in the prior quarter.
- Over five years, Gross Margin peaked at 315.22% in Q4 2025 and troughed at 212.43% in Q4 2024.
- Average Gross Margin over 5 years is 41.32%, with a median of 15.51% recorded in 2025.
- Year-over-year, Gross Margin slumped 30662 bps in 2024 and jumped 52765 bps in 2025.
- Over 5 years, Gross Margin stood at 90.87% in 2022, then rose by 4 bps to 94.19% in 2023, then tumbled by 326 bps to 212.43% in 2024, then surged by 248 bps to 315.22% in 2025, then slumped by 95 bps to 16.01% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 16.01% in Q1 2026, 315.22% in Q4 2025, and 16.37% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Markel | 7,105.55 Bn | 7,090.09 Bn | 2.38 Bn | 67.14% |
| 2 | Progressive | 131.92 Bn | 127.57 Bn | 8.36 Bn | 37.68% |
| 3 | Chubb | 78.78 Bn | 71.35 Bn | 8.64 Bn | 58.50% |
| 4 | Cincinnati Financial | 74.32 Bn | 73.06 Bn | 2.60 Bn | 99.65% |
| 5 | Travelers Companies | 72.03 Bn | 48.11 Bn | 5.54 Bn | 46.48% |
| 6 | Allstate | 63.08 Bn | 38.49 Bn | 14.72 Bn | 86.87% |
| 7 | Fairfax Financial Holdings | 34.53 Bn | 39.18 Bn | - | - |
| 8 | Loews | 23.53 Bn | 11.27 Bn | -1.32 Bn | -153.50% |
| 9 | Selective Insurance | 20.82 Bn | 19.07 Bn | 543.42 Mn | 39.99% |
| 10 | Trupanion | 1.14 Bn | 754.01 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% |