KPIs & Operating Metrics(New)
Growth Metrics

Waters (WAT) Gross Margin (2016 - 2026)

Waters has reported Gross Margin over the past 18 years, most recently at 87.77% for Q2 2026.

  • For Q2 2026, Gross Margin rose 1330.0% year-over-year to 87.77%; the TTM value through Apr 2026 reached 77.84%, up 258.0%, while the annual FY2025 figure was 59.28%, 15.0% down from the prior year.
  • Gross Margin for Q2 2026 was 87.77% at Waters, up from 61.08% in the prior quarter.
  • Over five years, Gross Margin peaked at 87.77% in Q2 2026 and troughed at 56.66% in Q3 2022.
  • A 5-year average of 68.11% and a median of 61.08% in 2025 define the central range for Gross Margin.
  • Biggest five-year swings in Gross Margin: skyrocketed 2632bps in 2024 and later tumbled -1013bps in 2025.
  • Year by year, Gross Margin stood at 59.44% in 2022, then rose by 3bps to 61.15% in 2023, then dropped by -2bps to 60.07% in 2024, then grew by 2bps to 61.08% in 2025, then surged by 44bps to 87.77% in 2026.
  • Business Quant data shows Gross Margin for WAT at 87.77% in Q2 2026, 61.08% in Q4 2025, and 85.35% in Q3 2025.