Under Armour (UAA) Gross Margin (2009 - 2026)
Under Armour (UAA) reported Gross Margin of 42.01% for Q1 2026, down 464.0% on a YoY basis from 11.54% in Q1 2025, and down 5.41% quarter-over-quarter from 44.42% in Q4 2025.
Under Armour (UAA) Gross Margin (2009 - 2026) Analysis & Trends
Under Armour has reported Gross Margin for 18 years, with the latest figure at 42.01% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 464.0% year-over-year to 42.01%; the trailing twelve-month figure through Mar 2026 stood at 45.48% (down 244.0% YoY), and the FY2026 full-year result was 45.48%, down 244.0% from the prior year.
- Gross Margin for Q1 2026 stood at 42.01%, down from 44.42% in the prior quarter.
- The five-year high for Gross Margin was 49.76% in Q3 2024, with the low at 42.01% in Q1 2026.
- Historically, Gross Margin has averaged 46.19% across 5 years, with a median of 46.55% in 2022.
- Annual changes were most pronounced in 2022 — Gross Margin sank 567 bps — and 2023, when it surged 246 bps.
- Under Armour's Gross Margin stood at 45.32% in 2022, then dropped by 0 bps to 45.13% in 2023, then rose by 5 bps to 47.48% in 2024, then decreased by 6 bps to 44.42% in 2025, then decreased by 5 bps to 42.01% in 2026.
- The last three Gross Margin figures came in at 42.01% (Q1 2026), 44.42% (Q4 2025), and 47.29% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ermenegildo Zegna | 190,651.29 Bn | 190,651.02 Bn | - | - |
| 2 | Ralph Lauren | 24.63 Bn | 22.56 Bn | 1.38 Bn | 69.68% |
| 3 | Levi Strauss | 9.37 Bn | 8.55 Bn | 1.08 Bn | 61.88% |
| 4 | V F | 6.90 Bn | 6.69 Bn | 1.22 Bn | 56.41% |
| 5 | Kontoor Brands | 4.43 Bn | 4.32 Bn | 470.76 Mn | 46.24% |
| 6 | Pvh | 3.76 Bn | 3.17 Bn | 1.19 Bn | 58.57% |
| 7 | Columbia Sportswear | 3.54 Bn | 3.00 Bn | 394.96 Mn | 50.70% |
| 8 | Under Armour | 2.50 Bn | 1.58 Bn | 492.04 Mn | 42.01% |
| 9 | Figs | 1.99 Bn | 1.72 Bn | 108.30 Mn | 67.73% |
| 10 | Under Armour | - | - | 492.04 Mn | 42.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 42.01% |
| Dec 31, 2025 | 44.42% |
| Sep 30, 2025 | 47.29% |
| Jun 30, 2025 | 48.19% |
| Mar 31, 2025 | 46.65% |
| Dec 31, 2024 | 47.48% |
| Sep 30, 2024 | 49.76% |
| Jun 30, 2024 | 47.54% |
| Mar 31, 2024 | 45.01% |
| Dec 31, 2023 | 45.13% |
| Sep 30, 2023 | 47.78% |
| Jun 30, 2023 | 46.43% |
| Mar 31, 2023 | 43.29% |
| Sep 30, 2022 | 45.32% |
| Jun 30, 2022 | 46.55% |
| Dec 31, 2021 | 50.74% |
| Sep 30, 2021 | 50.99% |
| Jun 30, 2021 | 49.49% |
| Mar 31, 2021 | 50.00% |
| Dec 31, 2020 | 49.41% |