WeRide (WRD) Gross Margin (2023 - 2026)
WeRide (WRD) posted quarterly Gross Margin of 193.59% for Q1 2026, down 7333.0% year-on-year from 2.68% in Q1 2025, and up 357.42% on a QoQ basis from 42.32% in Q4 2025.
WeRide (WRD) Gross Margin (2023 - 2026) Analysis & Trends
WeRide (WRD) has reported Gross Margin for 4 consecutive years, with 193.59% the latest figure, recorded in 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 per WRD's latest filing, from 42.32% in the prior quarter.
- Over the last five years, Gross Margin for WRD reached as high as 453.32% in Q1 2024 and fell as low as 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.
- The largest YoY upside for Gross Margin was 6459 bps in 2025 against a maximum downside of 18640 bps in 2025.
- Year by year, Gross Margin stood at 215.72% in 2023, then tumbled by 54 bps to 99.35% in 2024, then slumped by 57 bps to 42.32% in 2025, then jumped by 357 bps to 193.59% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 193.59%, 42.32%, and 71.1% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | WeRide | 5.29 Bn | 5.29 Bn | 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% |