Waters (WAT) Gross Margin (2009 - 2026)

Waters (WAT) has reported Gross Margin for 18 consecutive years, with 87.77% the latest figure, recorded in Q2 2026.

• In Q2 2026, Gross Margin rose 1330.0% year-over-year to 87.77%; the TTM figure through Apr 2026 stood at 77.84% (up 258.0% YoY), while the FY2025 annual figure was 59.28%, down 15.0% from the prior year.
• Gross Margin came in at 87.77% for Q2 2026 at Waters, up from 61.08% in the prior quarter.
• The five-year high for Gross Margin was 87.77% in Q2 2026, with the low at 56.66% in Q3 2022.
• Average Gross Margin over 5 years is 68.11%, with a median of 61.08% recorded in 2025.
• Across the five-year window, Gross Margin jumped 2632 bps in 2024 and slumped 1013 bps in 2025, its largest moves.
• Year by year, Gross Margin stood at 59.44% in 2022, then grew by 3 bps to 61.15% in 2023, then decreased by 2 bps to 60.07% in 2024, then increased by 2 bps to 61.08% in 2025, then soared by 44 bps to 87.77% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 87.77%, 61.08%, and 85.35% for Q2 2026, Q4 2025, and Q3 2025 respectively.