Upland Software (UPLD) Gross Margin (2013 - 2026)
Upland Software (UPLD) posted Gross Margin of 75.49% for Q1 2026, down 1.3% on a QoQ basis from 76.48% in Q4 2025, and up 384.0% year-over-year from 15.6% in Q1 2025.
Upland Software (UPLD) Gross Margin (2013 - 2026) Analysis & Trends
Upland Software's Gross Margin history runs 14 years deep, the most recent figure standing at 75.49% for Q1 2026.
- Quarterly Gross Margin rose 384.0% year-over-year to 75.49% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 75.91% (up 508.0% YoY) and the FY2025 annual result came in at 74.75%, up 426.0% from the prior year.
- Gross Margin was 75.49% for Q1 2026 at Upland Software, down from 76.48% in the prior quarter.
- Across five years, Gross Margin topped out at 76.89% in Q3 2025 and bottomed at 66.11% in Q4 2022.
- A 5-year average of 70.42% and a median of 70.24% in 2024 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin slumped 169 bps — and 2025, when it soared 644 bps.
- Upland Software's Gross Margin stood at 66.11% in 2022, then gained by 2 bps to 67.15% in 2023, then climbed by 5 bps to 70.8% in 2024, then climbed by 8 bps to 76.48% in 2025, then fell by 1 bps to 75.49% in 2026.
- Business Quant data shows UPLD's Gross Margin at 75.49% in Q1 2026, 76.48% in Q4 2025, and 76.89% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | Upland Software | 12.42 Mn | -17.99 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% |