Valneva SE (VALN) Gross Margin (2021 - 2026)
Valneva SE's Gross Margin was 4.58% in Q2 2026, down 45.52 percentage points from 50.10% a year earlier and down 10.71 percentage points from the prior quarter.
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Analysis
Valneva SE (VALN) Gross Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Valneva SE's Gross Margin was 16.43% through Jun 30, 2026, down 32.57 percentage points year-over-year; for FY2025, it was 38.67%, down 3.23 percentage points from FY2024.
- Gross Margin shows a five-year change of -12.11 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 41.90% in FY2024 (+7.53 pp), 34.37% in FY2023 (+24.17 pp), 10.20% in FY2022 (-35.81 pp) and 46.01% in FY2021 (-4.76 pp).
- The Q2 2026 figure marks the lowest quarterly Gross Margin since Q4 2022.
- Compared with a year earlier, Gross Margin has declined for four straight quarters, with an average year-over-year change of -11.29 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q3 2022 (a gain of 538.61 percentage points); the worst was Q2 2022 (a drop of 137.95 percentage points).
- Per Business Quant data, VALN's Gross Margin in the three quarters before Q2 2026 was 15.29% (Q1 2026), 24.38% (Q4 2025) and 18.79% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 655.56 Bn | 574.09 Bn | 17.26 Bn | 68.19% |
| 2 | AbbVie | 470.94 Bn | 444.10 Bn | 12.70 Bn | 74.74% |
| 3 | Merck | 367.14 Bn | 321.57 Bn | 12.21 Bn | 73.54% |
| 4 | Novartis Ag | 280.33 Bn | 236.20 Bn | 11.24 Bn | 78.02% |
| 5 | Astrazeneca | 257.78 Bn | 231.34 Bn | 12.86 Bn | 83.60% |
| 6 | Amgen | 226.04 Bn | 181.44 Bn | 7.24 Bn | 72.04% |
| 7 | Gilead Sciences | 188.89 Bn | 163.01 Bn | 6.22 Bn | 79.76% |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 72.78% |
| 9 | Vertex Pharmaceuticals | 133.68 Bn | 105.69 Bn | 2.84 Bn | 85.33% |
| 10 | Valneva SE | 561.40 Mn | 1.51 Mn | 1.86 Mn | 4.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.58% |
| Mar 31, 2026 | 15.29% |
| Dec 31, 2025 | 24.38% |
| Sep 30, 2025 | 18.79% |
| Jun 30, 2025 | 50.10% |
| Mar 31, 2025 | 53.20% |
| Dec 31, 2024 | 48.62% |
| Sep 30, 2024 | 43.92% |
| Jun 30, 2024 | 38.34% |
| Mar 31, 2024 | 32.34% |
| Dec 31, 2023 | 37.79% |
| Sep 30, 2023 | 44.91% |
| Jun 30, 2023 | 17.09% |
| Mar 31, 2023 | 38.88% |
| Dec 31, 2022 | -9.26% |
| Sep 30, 2022 | 80.06% |
| Jun 30, 2022 | -120.83% |
| Mar 31, 2022 | 36.56% |
| Dec 31, 2021 | 89.82% |
| Sep 30, 2021 | -458.55% |
API Access
Valneva SE Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=VALN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "VALN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=VALN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();