GDYN Profit Margins - GRID DYNAMICS HOLDINGS, INC.

Complete source-backed margin history.

Historical Profit Margins

Date	Gross margin	Operating margin	Net margin
2026-06-30	36.63%	1.18%	2.64%
2026-03-31	34.80%	-3.54%	-1.41%
2025-12-31	34.04%	0.48%	0.29%
2025-09-30	33.32%	-0.23%	1.13%
2025-06-30	34.13%	-0.12%	5.22%
2025-03-31	36.84%	-2.03%	2.90%
2024-12-31	36.94%	1.26%	4.51%
2024-09-30	37.43%	2.44%	4.90%
2024-06-30	35.60%	0.05%	-0.98%
2024-03-31	34.66%	-6.94%	-4.95%
2023-12-31	36.01%	-1.36%	3.72%
2023-09-30	36.36%	0.18%	0.87%
2023-06-30	36.60%	1.72%	3.40%
2023-03-31	35.68%	-7.48%	-9.95%
2022-12-31	40.06%	-6.96%	-8.32%
2022-09-30	40.25%	-5.85%	-8.20%
2022-06-30	37.32%	-14.03%	-17.05%
2022-03-31	37.50%	0.28%	-3.73%
2021-12-31	41.07%	-2.29%	-5.42%
2021-09-30	43.61%	3.40%	-0.95%
2021-06-30	41.52%	2.90%	-3.11%
2021-03-31	39.19%	-4.54%	-5.27%
2020-12-31	40.71%	-11.80%	-15.67%
2020-09-30	42.36%	-6.35%	-4.24%
2020-06-30	37.49%	-14.25%	-9.68%
2020-03-31	30.25%	-21.67%	-14.16%
2019-12-31	39.58%	12.95%	6.58%
2019-09-30	43.91%	17.77%	14.17%
2019-06-30	39.93%	16.89%	12.35%
2019-03-31	39.37%	-1.21%	2.71%

Date	Gross margin	Operating margin	Net margin
2025-12-31	34.56%	-0.46%	2.35%
2024-12-31	36.23%	-0.60%	1.15%
2023-12-31	36.16%	-1.78%	-0.56%
2022-12-31	38.84%	-6.77%	-9.41%
2021-12-31	41.52%	0.02%	-3.64%
2020-12-31	37.40%	-13.88%	-11.32%
2019-12-31	40.77%	13.21%	9.13%
2018-12-31	42.79%	15.05%	10.05%