What is ePlus's gross margin?

ePlus (PLUS) reported gross margin of 25.2% in Q1 2026.

How has ePlus's gross margin changed year-over-year?

ePlus's gross margin decreased by 1.5% year-over-year, from 25.6% to 25.2%.

What is the long-term trend for ePlus's gross margin?

Over 5 years (2021 to 2026), ePlus's gross margin has grown at a 0.1% compound annual growth rate (CAGR), from 25.1% to 25.2%.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

ePlus PLUS Gross margin

Gross margin at other companies

Insight EnterprisesNSIT

22%+1.4pp

CDWCDW

21.6%-0.3pp

CNX

PC ConnectionCNXN

18.8%+0.4pp

TD SYNNEXSNX

7.1%+0.4pp

Ingram MicroINGM

6.6%-0.4pp

Manhattan AssociatesMANH

56%+0.4pp

Other financials

Income statement

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Revenue$581.6M+21.7%

Gross profit$147.1M+10.7%

Operating income$37.6M+52.0%

Net income$25.0M+14.9%

EPS (diluted)$0.95+14.5%

Balance sheet

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Cash & equivalents$410.8M+5.5%

Total debt$16.3M-80.9%

Total equity$1.1B+10.1%

Total assets$1.8B-4.2%

Cash flow

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Operating cash flow-$87.4M-233%

CapEx$1.2M-36.5%

Free cash flow-$30.2M-119%

Valuation

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Market cap$2.07B+22.3%

Enterprise value$1.68B+20.5%

P/E15.6×-0.6×

P/S0.9×0.0×

Profitability

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Operating margin6.8%+1.8pp

Net margin5.4%+0.2pp

FCF margin-10.4%-26.4pp

Returns & leverage

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Return on equity13%+1.8pp

Debt / equity0×-0.1×

Current ratio2.2×+0.5×

Where this comes from

Calculated from ePlus’s reported figures.

gross profit/total revenue=25.2%

Based on trailing twelve months.

The official record: ePlus’s 10-K, filed May 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ePlus's gross margin?: ePlus (PLUS) reported gross margin of 25.2% in Q1 2026.
How has ePlus's gross margin changed year-over-year?: ePlus's gross margin decreased by 1.5% year-over-year, from 25.6% to 25.2%.
What is the long-term trend for ePlus's gross margin?: Over 5 years (2021 to 2026), ePlus's gross margin has grown at a 0.1% compound annual growth rate (CAGR), from 25.1% to 25.2%.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.