Viatris (VTRS) Gross Margin (2020 - 2026)
Viatris (VTRS) posted quarterly Gross Margin of 32.97% for Q1 2026, down 271.0% year-over-year from 19.28% in Q1 2025, and up 7.43% quarter-over-quarter from 30.69% in Q4 2025.
Viatris (VTRS) Gross Margin (2020 - 2026) Analysis & Trends
Viatris' Gross Margin history runs 7 years deep, the most recent figure standing at 32.97% for Q1 2026.
- In Q1 2026, Gross Margin fell 271.0% year-over-year to 32.97%; the TTM figure through Mar 2026 stood at 34.36% (down 264.0% YoY), while the FY2025 annual figure was 35.06%, down 321.0% from the prior year.
- Gross Margin for Q1 2026 stood at 32.97%, up from 30.69% in the prior quarter.
- The five-year high for Gross Margin was 42.99% in Q3 2023, with the low at 30.69% in Q4 2025.
- The 5-year median for Gross Margin is 38.9% (2024), against an average of 38.42%.
- The sharpest annual moves came in 2022 and 2024: Gross Margin surged 1677 bps in 2022, then slumped 713 bps in 2024.
- Viatris' Gross Margin stood at 32.57% in 2022, then rose by 29 bps to 42.03% in 2023, then declined by 17 bps to 34.9% in 2024, then declined by 12 bps to 30.69% in 2025, then advanced by 7 bps to 32.97% in 2026.
- Business Quant data shows VTRS's Gross Margin at 32.97% in Q1 2026, 30.69% in Q4 2025, and 36.48% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 43.89 Bn | 42.93 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 43.01 Bn | 39.35 Bn | 2.15 Bn | 51.98% |
| 3 | Zoetis | 31.52 Bn | 29.84 Bn | 1.05 Bn | 42.63% |
| 4 | Takeda Pharmaceutical | 28.61 Bn | 22.81 Bn | 5.10 Bn | 66.66% |
| 5 | United Therapeutics | 22.17 Bn | 19.51 Bn | 683.80 Mn | 87.30% |
| 6 | Viatris | 18.73 Bn | 17.85 Bn | 1.46 Bn | 38.77% |
| 7 | Neurocrine Biosciences | 15.51 Bn | 15.12 Bn | 935.80 Mn | 97.58% |
| 8 | Elanco Animal Health | 11.75 Bn | 11.22 Bn | 798.00 Mn | 58.33% |
| 9 | Dr Reddys Laboratories | 10.12 Bn | 9.96 Bn | - | - |
| 10 | Alkermes | 8.12 Bn | 7.46 Bn | 397.90 Mn | 80.22% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 38.77% |
| Mar 31, 2026 | 32.97% |
| Dec 31, 2025 | 30.69% |
| Sep 30, 2025 | 36.48% |
| Jun 30, 2025 | 37.35% |
| Mar 31, 2025 | 35.68% |
| Dec 31, 2024 | 34.90% |
| Sep 30, 2024 | 38.90% |
| Jun 30, 2024 | 38.18% |
| Mar 31, 2024 | 41.05% |
| Dec 31, 2023 | 42.03% |
| Sep 30, 2023 | 42.99% |
| Jun 30, 2023 | 41.05% |
| Mar 31, 2023 | 41.36% |
| Dec 31, 2022 | 32.57% |
| Sep 30, 2022 | 42.99% |
| Jun 30, 2022 | 41.49% |
| Mar 31, 2022 | 42.39% |
| Dec 31, 2021 | 35.11% |
| Sep 30, 2021 | 34.82% |