PTC Inc. stock research
FY2026 Q2
PTC (PTC) Gross Margin & Quarterly History
Explore PTC Inc. (PTC) 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 Q2
Revenue and gross profit both increased compared to the prior quarter, while cost of revenue declined, resulting in an improved gross margin. The gross margin also strengthened relative to the same quarter last year, supported by a greater increase in gross profit than in cost of revenue.
- The sequential decline in cost of revenue alongside revenue growth was the most noticeable factor behind the margin expansion.
- Compared to the immediately preceding quarter, gross margin improved, driven by higher revenue and lower cost of revenue. Versus the same quarter one year earlier, gross margin also improved, with revenue and gross profit increasing at a faster pace than cost of revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
85.3%
Gross profit
$660.7M
Revenue
$774.3M
Cost of revenue
$113.6M
Quarter-over-quarter change
+2.5 pts
Year-over-year change
+2.0 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 | $643.9M | $533.9M | $110.0M | 82.9% |
| Sep 30, 2025 | $893.8M | $776.9M | $116.9M | 86.9% |
| Dec 31, 2025 | $685.8M | $568.1M | $117.7M | 82.8% |
| Mar 31, 2026 | $774.3M | $660.7M | $113.6M | 85.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+2.5 pts
Year-over-year change
Mar 31, 2025
+2.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The sequential decline in cost of revenue alongside revenue growth was the most noticeable factor behind the margin expansion.
Compared to the immediately preceding quarter, gross margin improved, driven by higher revenue and lower cost of revenue. Versus the same quarter one year earlier, gross margin also improved, with revenue and gross profit increasing at a faster pace than cost of revenue.
Monitor the trajectory of cost of revenue, as it decreased from the prior quarter but remained above the level of the same quarter last year.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| PTC Inc. (PTC) | 85.3% |