WeRide (WRD) Gross Margin (2023 - 2026)
WeRide (WRD) recorded quarterly Gross Margin of 193.59% in Q1 2026, up 357.42% on a QoQ basis from 42.32% in Q4 2025, and down 7333.0% year-over-year from 2.68% in Q1 2025.
WeRide (WRD) Gross Margin (2023 - 2026) Analysis & Trends
WeRide has disclosed Gross Margin across 4 years of filings, most recently posting 193.59% for Q1 2026.
- Quarterly Gross Margin fell 7333.0% year-over-year to 193.59% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 59.68% (down 1241.0% YoY) and the FY2025 annual result came in at 57.48%, up 2674.0% from the prior year.
- Gross Margin climbed to 193.59% in Q1 2026, from 42.32% in the prior quarter.
- Over five years, Gross Margin peaked at 453.32% in Q1 2024 and troughed at 6.51% in Q3 2024.
- A 4-year average of 146.72% and a median of 99.35% in 2024 frame the typical range for Gross Margin.
- Biggest YoY gain for Gross Margin was 6459 bps in 2025; the steepest drop was 18640 bps in 2025.
- Tracing WRD's Gross Margin over 4 years: stood at 215.72% in 2023, then plunged by 54 bps to 99.35% in 2024, then tumbled by 57 bps to 42.32% in 2025, then soared by 357 bps to 193.59% in 2026.
- Business Quant data shows WRD's Gross Margin at 193.59% in Q1 2026, 42.32% in Q4 2025, and 71.1% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 48.77% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 76.92% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 85.65% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 75.07% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 48.28% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 89.20% |
| 10 | WeRide | 974.90 Mn | 974.90 Mn | 5.74 Mn | 193.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 193.59% |
| Dec 31, 2025 | 42.32% |
| Sep 30, 2025 | 71.10% |
| Jun 30, 2025 | 59.72% |
| Mar 31, 2025 | 266.92% |
| Dec 31, 2024 | 99.35% |
| Sep 30, 2024 | 6.51% |
| Jun 30, 2024 | 174.52% |
| Mar 31, 2024 | 453.32% |
| Dec 31, 2023 | 215.72% |
| Sep 30, 2023 | 30.82% |