Grid Dynamics Holdings, Inc. (GDYN) stock
GDYNNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 14/3013% below fair value
$13.21−0.17 (-1.27%)
Close on Nov 13, 2026Market cap $1.06BP/E 146.8Yield –
Grid Dynamics operating margin
Operating margin is operating income as a percentage of revenue.
Grid Dynamics's operating margin for the twelve months ending Sep 30, 2026 was 1.7%. For fiscal 2025 it was -0.5%, against -0.6% the year before. The highest annual figure on record is 15.1% in fiscal 2018.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | -0.5% | +0.1 |
| FY2024 | Dec 31, 2024 | -0.6% | +1.2 |
| FY2023 | Dec 31, 2023 | -1.8% | +5.0 |
| FY2022 | Dec 31, 2022 | -6.8% | −6.8 |
| FY2021 | Dec 31, 2021 | 0.0% | +13.9 |
| FY2020 | Dec 31, 2020 | -13.9% | −27.1 |
| FY2019 | Dec 31, 2019 | 13.2% | −1.8 |
| FY2018 | Dec 31, 2018 | 15.1% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 8.0% | +8.2 |
| Q2 FY2026 | Jun 30, 2026 | 1.2% | +1.3 |
| Q1 FY2026 | Mar 31, 2026 | -3.5% | −1.5 |
| Q4 FY2025 | Dec 31, 2025 | 0.5% | −0.8 |
| Q3 FY2025 | Sep 30, 2025 | -0.2% | −2.7 |
| Q2 FY2025 | Jun 30, 2025 | -0.1% | −0.2 |
| Q1 FY2025 | Mar 31, 2025 | -2.0% | +4.9 |
| Q4 FY2024 | Dec 31, 2024 | 1.3% | +2.6 |
| Q3 FY2024 | Sep 30, 2024 | 2.4% | +2.3 |
| Q2 FY2024 | Jun 30, 2024 | 0.0% | −1.7 |
| Q1 FY2024 | Mar 31, 2024 | -6.9% | +0.5 |
| Q4 FY2023 | Dec 31, 2023 | -1.4% | +5.6 |
| Q3 FY2023 | Sep 30, 2023 | 0.2% | +6.0 |
| Q2 FY2023 | Jun 30, 2023 | 1.7% | +15.8 |
| Q1 FY2023 | Mar 31, 2023 | -7.5% | −7.8 |
| Q4 FY2022 | Dec 31, 2022 | -7.0% | −4.7 |
| Q3 FY2022 | Sep 30, 2022 | -5.9% | −1.3 |
| Q2 FY2022 | Jun 30, 2022 | -14.0% | −2.2 |
| Q1 FY2022 | Mar 31, 2022 | 0.3% | +6.6 |
| Q4 FY2021 | Dec 31, 2021 | -2.3% | +12.0 |
| Q1 FY2021 | Mar 31, 2021 | -4.5% | +17.1 |
| Q4 FY2020 | Dec 31, 2020 | -11.8% | −24.8 |
| Q3 FY2020 | Sep 30, 2020 | -6.3% | −24.1 |
| Q2 FY2020 | Jun 30, 2020 | -14.2% | −31.1 |
| Q1 FY2020 | Mar 31, 2020 | -21.7% | −20.5 |
| Q4 FY2019 | Dec 31, 2019 | 13.0% | – |
| Q3 FY2019 | Sep 30, 2019 | 17.8% | – |
| Q2 FY2019 | Jun 30, 2019 | 16.9% | – |
| Q1 FY2019 | Mar 31, 2019 | -1.2% | – |
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