IIIV Profit Margins - i3 Verticals, Inc.

Complete source-backed margin history.

Historical Profit Margins

Date	Gross margin	Operating margin	Net margin
2026-06-30	—	-1.68%	6.56%
2026-03-31	—	6.51%	2.55%
2025-12-31	—	3.05%	0.92%
2025-09-30	—	2.69%	5.63%
2025-06-30	—	-9.27%	24.82%
2025-03-31	—	9.35%	-0.28%
2024-12-31	—	3.93%	3.94%
2024-09-30	—	6.64%	229.74%
2024-06-30	—	-2.84%	-16.34%
2024-03-31	146.08%	4.29%	3.24%
2023-12-31	149.99%	2.70%	1.99%
2023-09-30	400.78%	1.92%	21.11%
2023-06-30	148.33%	-7.99%	-9.00%
2023-03-31	90.30%	5.80%	0.04%
2022-12-31	89.83%	6.79%	-0.28%
2022-09-30	-167.95%	30.04%	7.74%
2022-06-30	88.71%	-3.39%	-4.63%
2022-03-31	89.58%	-7.91%	-9.44%
2021-12-31	89.19%	-1.02%	-3.42%
2021-09-30	87.84%	0.93%	-0.72%
2021-06-30	87.43%	-1.32%	-5.20%
2021-03-31	90.26%	2.44%	2.65%
2020-12-31	82.32%	-2.25%	-4.48%
2020-09-30	82.33%	3.13%	-1.70%
2020-06-30	82.20%	1.38%	-1.13%
2020-03-31	82.68%	5.21%	1.88%
2019-12-31	81.48%	9.97%	-0.36%
2019-09-30	29.60%	1.72%	-0.86%
2019-06-30	28.10%	1.22%	-1.22%
2019-03-31	28.41%	-0.24%	-1.29%
2018-12-31	27.20%	4.16%	0.21%
2018-09-30	25.91%	4.16%	0.99%
2018-06-30	25.57%	3.46%	-0.67%
2018-03-31	27.06%	3.34%	-8.80%
2017-12-31	24.30%	4.33%	-0.43%
2017-09-30	21.77%	2.89%	0.53%
2017-06-30	20.65%	4.10%	1.34%

Date	Gross margin	Operating margin	Net margin
2025-09-30	—	1.77%	8.38%
2024-09-30	—	2.28%	59.27%
2023-09-30	175.73%	-2.33%	-0.43%
2022-09-30	150.59%	-12.33%	-9.11%
2021-09-30	87.16%	-0.01%	-1.99%
2020-09-30	82.16%	5.18%	-0.28%
2019-09-30	28.40%	1.70%	-0.81%
2018-09-30	25.71%	3.82%	-2.13%
2017-09-30	21.62%	2.89%	0.34%
2016-09-30	22.83%	1.99%	-1.05%