Upland Software (UPLD) Gross Margin (2013 - 2026)
Upland Software (UPLD) reported Gross Margin of 75.49% for Q1 2026, up 384.0% on a YoY basis from 15.6% in Q1 2025, and down 1.3% quarter-over-quarter from 76.48% in Q4 2025.
Upland Software (UPLD) Gross Margin (2013 - 2026) Analysis & Trends
Upland Software has reported Gross Margin for 14 years, with the latest figure at 75.49% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 384.0% year-over-year to 75.49%; the trailing twelve-month figure through Mar 2026 stood at 75.91% (up 508.0% YoY), and the FY2025 full-year result was 74.75%, up 426.0% from the prior year.
- Gross Margin for Q1 2026 stood at 75.49%, down from 76.48% in the prior quarter.
- The five-year high for Gross Margin was 76.89% in Q3 2025, with the low at 66.11% in Q4 2022.
- Historically, Gross Margin has averaged 70.42% across 5 years, with a median of 70.24% in 2024.
- Annual changes were most pronounced in 2023 — Gross Margin tumbled 169 bps — and 2025, when it soared 644 bps.
- Upland Software's Gross Margin stood at 66.11% in 2022, then increased by 2 bps to 67.15% in 2023, then gained by 5 bps to 70.8% in 2024, then gained by 8 bps to 76.48% in 2025, then dropped by 1 bps to 75.49% in 2026.
- The last three Gross Margin figures came in at 75.49% (Q1 2026), 76.48% (Q4 2025), and 76.89% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 48.77% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 76.92% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 85.65% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 75.07% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 48.28% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 89.20% |
| 10 | Upland Software | 17.73 Mn | -12.68 Mn | 36.76 Mn | 75.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 75.49% |
| Dec 31, 2025 | 76.48% |
| Sep 30, 2025 | 76.89% |
| Jun 30, 2025 | 74.83% |
| Mar 31, 2025 | 71.65% |
| Dec 31, 2024 | 70.80% |
| Sep 30, 2024 | 70.45% |
| Jun 30, 2024 | 70.47% |
| Mar 31, 2024 | 70.24% |
| Dec 31, 2023 | 67.15% |
| Sep 30, 2023 | 69.05% |
| Jun 30, 2023 | 67.55% |
| Mar 31, 2023 | 66.86% |
| Dec 31, 2022 | 66.11% |
| Sep 30, 2022 | 67.66% |
| Jun 30, 2022 | 66.90% |
| Mar 31, 2022 | 68.55% |
| Dec 31, 2021 | 66.73% |
| Sep 30, 2021 | 67.37% |
| Jun 30, 2021 | 67.20% |