Clear Secure profit margin YOU
Gross, operating and net profit as a share of revenue over the last twelve months, from 2021.
- Net margin, 12 months
- 14.8%
- Operating margin, 12 months
- 25.1%
- Net margin on a year earlier
- −6.4 pts
- Peer median
- 11.7%
Over the twelve months to Jun 30, 2026, Clear Secure kept 14.8% of its revenue as net profit, with an operating margin of 25.1% and a gross margin of 85.7%.
The median for 10 infrastructure software stocks of a similar size is 11.7%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 12.1% | 20.7% | 85.8% |
| FY2024 | 22.0% | 16.0% | 86.0% |
| FY2023 | 4.6% | 3.3% | 85.6% |
| FY2022 | −15.0% | −29.5% | 87.1% |
| FY2021 | −14.2% | −45.3% | 85.3% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 14.8% | −6.4 pts | 25.1% | |
| Q1 FY26 | 13.0% | −9.0 pts | 22.4% | |
| Q4 FY25 | 12.1% | −9.9 pts | 20.7% | |
| Q3 FY25 | 21.0% | +10.0 pts | 19.2% | |
| Q2 FY25 | 21.2% | +10.8 pts | 17.8% | |
| Q1 FY25 | 22.0% | +14.1 pts | 17.1% | |
| Q4 FY24 | 22.0% | +17.4 pts | 16.0% | |
| Q3 FY24 | 10.9% | +10.4 pts | 14.3% | |
| Q2 FY24 | 10.4% | +19.7 pts | 12.8% | |
| Q1 FY24 | 7.9% | +20.5 pts | 8.9% | |
| Q4 FY23 | 4.6% | +19.6 pts | 3.3% | |
| Q3 FY23 | 0.5% | +18.8 pts | −4.8% |
Against its peers
Companies in Software - Infrastructure nearest Clear Secure's size, closest first, today.
| Company | Profit margin |
|---|---|
| YOUClear Secure | 14.8% |
| SAICScience Applications International | 5.1% |
| BOXBox | 10.6% |
| ACIWACI Worldwide | 12.4% |
| OTEXOpen Text | 12.3% |
| WAYWaystar | 11.2% |
| CVLTCommvault Systems | 5.6% |
| PSNParsons | 2.5% |
| BBBLACKBERRY | 13.1% |
| PATHUiPath | 21.0% |
| APPFAppfolio | 15.1% |
| Peer median | 11.7% |
Where Clear Secure 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 Clear Secure
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.