Upland Software (UPLD) Gross Margin (2013 - 2026)
Upland Software's (UPLD) quarterly Gross Margin came in at 76.25% in Q2 2026, up 142.0% on a YoY basis from 31.51% in Q2 2025, and up 1.01% quarter-over-quarter from 75.49% in Q1 2026.
Analysis
Upland Software (UPLD) Gross Margin (2013 - 2026) Analysis & Trends
Upland Software (UPLD) has reported Gross Margin for 14 consecutive years, with 76.25% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 142.0% year-over-year to 76.25%; the trailing twelve-month figure through Jun 2026 stood at 76.28% (up 451.0% YoY), and the FY2025 full-year result was 74.75%, up 426.0% from the prior year.
- Gross Margin advanced to 76.25% in Q2 2026 per UPLD's latest filing, from 75.49% 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.
- Historically, Gross Margin has averaged 70.74% across 5 years, with a median of 70.35% in 2024.
- The sharpest annual moves came in 2023 and 2025: Gross Margin plunged 169 bps in 2023, then jumped 644 bps in 2025.
- Over 5 years, 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 retreated by 0 bps to 76.25% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 76.25%, 75.49%, and 76.48% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atlassian | 49.32 Bn | 48.08 Bn | 1.53 Bn | 86.50% |
| 2 | Dropbox | 7.65 Bn | 6.54 Bn | 506.50 Mn | 80.21% |
| 3 | Open Text | 5.80 Bn | 4.84 Bn | 1.01 Bn | 74.98% |
| 4 | Box | 4.83 Bn | 4.38 Bn | 253.97 Mn | 79.08% |
| 5 | Asana | 2.03 Bn | 1.81 Bn | 186.10 Mn | 85.99% |
| 6 | Cheetah Mobile | 99.06 Mn | -64.30 Mn | 24.15 Mn | 64.31% |
| 7 | Upland Software | 10.97 Mn | -20.70 Mn | 37.47 Mn | 76.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 76.25% |
| 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% |