Grid Dynamics profit margin GDYN
Gross, operating and net profit as a share of revenue over the last twelve months, from 2019.
- Net margin, 12 months
- 0.7%
- Operating margin, 12 months
- −0.5%
- Net margin on a year earlier
- −3.7 pts
- Peer median
- 5.0%
Over the twelve months to Jun 30, 2026, Grid Dynamics kept 0.7% of its revenue as net profit, with an operating margin of −0.5% and a gross margin of 34.7%.
Five years earlier its net margin was −6.5%.
The median for 10 infrastructure software stocks of a similar size is 5.0%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 2.3% | −0.5% | 34.6% |
| FY2024 | 1.2% | −0.6% | 36.2% |
| FY2023 | −0.6% | −1.8% | 36.2% |
| FY2022 | −9.4% | −6.8% | 38.8% |
| FY2021 | −3.6% | 0.0% | 41.5% |
| FY2020 | −11.3% | −13.9% | 37.4% |
| FY2019 | 9.1% | 12.0% | 40.8% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 0.7% | −3.7 pts | −0.5% | |
| Q1 FY26 | 1.3% | −1.7 pts | −0.9% | |
| Q4 FY25 | 2.3% | +1.2 pts | −0.5% | |
| Q3 FY25 | 3.4% | +2.7 pts | −0.3% | |
| Q2 FY25 | 4.4% | +4.7 pts | 0.3% | |
| Q1 FY25 | 2.9% | +2.2 pts | 0.4% | |
| Q4 FY24 | 1.2% | +1.7 pts | −0.6% | |
| Q3 FY24 | 0.7% | +4.3 pts | −1.3% | |
| Q2 FY24 | −0.4% | +5.5 pts | −2.0% | |
| Q1 FY24 | 0.7% | +11.5 pts | −1.6% | |
| Q4 FY23 | −0.6% | +8.8 pts | −1.8% | |
| Q3 FY23 | −3.6% | +5.2 pts | −3.2% |
Against its peers
Companies in Software - Infrastructure nearest Grid Dynamics' size, closest first, today.
| Company | Profit margin |
|---|---|
| GDYNGrid Dynamics | 0.7% |
| CCSIConsensus Cloud Solutions | 26.7% |
| OSPNOneSpan | 27.8% |
| RPDRapid7 | 2.4% |
| IIIVi3 Verticals | 3.9% |
| RDVTRed Violet | 16.5% |
| XZOExzeo | 39.1% |
| CXMSprinklr | 2.7% |
| EVCMEverCommerce | 5.7% |
| MKTWMarketwise | 0.7% |
| PDFSPDF Solutions | 4.3% |
| Peer median | 5.0% |
Where Grid Dynamics ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Grid Dynamics
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.