XPEL Profit Margins - XPEL, Inc.

Complete source-backed margin history.

Historical Profit Margins

Date	Gross margin	Operating margin	Net margin
2026-06-30	44.14%	16.23%	12.61%
2026-03-31	43.65%	11.09%	8.82%
2025-12-31	41.86%	12.66%	10.97%
2025-09-30	41.80%	13.36%	10.32%
2025-06-30	42.91%	15.47%	13.06%
2025-03-31	42.29%	10.71%	8.27%
2024-12-31	40.64%	11.48%	8.28%
2024-09-30	42.46%	16.29%	13.20%
2024-06-30	43.55%	17.45%	13.68%
2024-03-31	42.04%	10.24%	7.40%
2023-12-31	38.78%	13.48%	11.34%
2023-09-30	40.45%	17.17%	13.30%
2023-06-30	43.03%	19.75%	15.40%
2023-03-31	41.89%	17.39%	13.32%
2022-12-31	39.56%	13.82%	10.65%
2022-09-30	39.85%	19.28%	14.84%
2022-06-30	39.32%	18.77%	14.19%
2022-03-31	38.57%	13.97%	10.86%
2021-12-31	35.20%	12.16%	8.84%
2021-09-30	35.68%	15.13%	12.16%
2021-06-30	36.73%	18.44%	14.82%
2021-03-31	35.26%	16.48%	13.20%
2020-12-31	32.83%	15.08%	12.53%
2020-09-30	34.75%	18.24%	14.33%
2020-06-30	32.79%	14.36%	11.10%
2020-03-31	36.27%	8.75%	5.68%
2019-12-31	31.54%	12.59%	11.67%
2019-09-30	34.46%	15.92%	12.64%
2019-06-30	35.31%	13.20%	9.99%
2019-03-31	32.96%	10.00%	7.52%
2018-12-31	31.41%	9.62%	7.07%
2018-09-30	30.29%	10.23%	7.41%
2018-06-30	29.75%	12.03%	8.87%

Date	Gross margin	Operating margin	Net margin
2025-12-31	42.21%	13.16%	10.76%
2024-12-31	42.19%	14.07%	10.82%
2023-12-31	40.98%	16.90%	13.32%
2022-12-31	39.36%	16.65%	12.77%
2021-12-31	35.75%	15.47%	12.18%
2020-12-31	33.99%	14.71%	11.50%
2019-12-31	33.48%	13.15%	10.76%
2018-12-31	30.42%	10.74%	7.93%