DexCom, Inc. stock research
FY2026 Q1
DexCom (DXCM) Gross Margin & Quarterly History
Explore DexCom, Inc. (DXCM) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue and gross profit both decreased compared with the immediately preceding quarter, while cost of revenue also declined. Gross margin remained stable, matching the prior quarter, and improved compared with the same quarter one year earlier.
- The gross margin rate held steady from the prior quarter, indicating that cost of revenue changed proportionally with revenue. Compared with a year ago, the margin improved, driven by a larger increase in gross profit relative to the rise in revenue.
- Revenue, gross profit, and cost of revenue were all lower sequentially, but gross margin was unchanged. Year-over-year, revenue and gross profit were higher, cost of revenue increased at a slower pace, and gross margin strengthened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
62.9%
Gross profit
$750.3M
Revenue
$1.2B
Cost of revenue
$441.6M
Quarter-over-quarter change
+0.0 pts
Year-over-year change
+6.1 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2025 | $1.2B | $688.8M | $468.3M | 59.5% |
| Sep 30, 2025 | $1.2B | $731.4M | $477.9M | 60.5% |
| Dec 31, 2025 | $1.3B | $792.7M | $466.9M | 62.9% |
| Mar 31, 2026 | $1.2B | $750.3M | $441.6M | 62.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+0.0 pts
Year-over-year change
Mar 31, 2025
+6.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin rate held steady from the prior quarter, indicating that cost of revenue changed proportionally with revenue. Compared with a year ago, the margin improved, driven by a larger increase in gross profit relative to the rise in revenue.
Revenue, gross profit, and cost of revenue were all lower sequentially, but gross margin was unchanged. Year-over-year, revenue and gross profit were higher, cost of revenue increased at a slower pace, and gross margin strengthened.
Monitor whether the stable gross margin rate can be maintained if revenue growth slows further.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| DexCom, Inc. (DXCM) | 62.9% |