Superworth

nCino profit margin NCNO

Gross, operating and net profit as a share of revenue over the last twelve months, from 2022.

Net margin, 12 months
5.4%
Operating margin, 12 months
7.9%
Net margin on a year earlier
+11.3 pts
Peer median
10.6%

Over the twelve months to Jul 31, 2026, nCino kept 5.4% of its revenue as net profit, with an operating margin of 7.9% and a gross margin of 62.2%.

The median for 10 infrastructure software stocks of a similar size is 10.6%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY20260.9%0.6%60.6%
FY2025−7.0%−3.4%60.1%
FY2024−8.9%−8.3%59.8%
FY2023−25.2%−23.0%58.5%
FY2022−18.1%−26.1%59.3%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY275.4%+11.3 pts7.9%
Q1 FY272.2%+7.4 pts4.3%
Q4 FY260.9%+7.9 pts0.6%
Q3 FY26−3.7%−0.2 pts−0.8%
Q2 FY26−5.9%−0.1 pts−3.0%
Q1 FY26−5.3%+1.7 pts−2.9%
Q4 FY25−7.0%+1.9 pts−3.4%
Q3 FY25−3.5%+10.5 pts−3.0%
Q2 FY25−5.8%+10.4 pts−5.5%
Q1 FY25−6.9%+12.5 pts−7.0%
Q4 FY24−8.9%+16.3 pts−8.3%
Q3 FY24−14.0%+9.7 pts−12.9%

Against its peers

Companies in Software - Infrastructure nearest nCino's size, closest first, today.

CompanyProfit margin
NCNOnCino5.4%
BLKBBlackbaud13.1%
NTCTNetscout Systems13.7%
BLBlackline4.7%
MQMarqeta1.5%
ALRMAlarm.com11.1%
KDKyndryl0.6%
SPSCSPS Commerce10.1%
AGYSAgilysys13.0%
AVPTAvePoint15.3%
PDFSPDF Solutions4.3%
Peer median10.6%

Where nCino 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 nCino

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.