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Grid Dynamics Holdings (GDYN) operating margin by quarter

Grid Dynamics Holdings' operating margin was 8.0% in Q3 2026 (third quarter 2026), +6.8 pts from Q2 2026. Over the last 3 quarters it ranged from 0.5% (Q4 2025) to 8.0% (Q3 2026).

Grid Dynamics Holdings operating margin by quarterGrid Dynamics Holdings operating margin by quarter0.5%Q4 20251.2%Q2 20268.0%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 20268.0%+6.8 pts—
Q2 20261.2%+0.7 pts—
Q4 20250.5%——

Q3 2026 at a glance

Grid Dynamics Holdings, Q3 2026: revenue $114M (+10% year over year), operating margin 8.0%, net earnings $6.2M, operating cash flow $16.0M. The chart follows the revenue to costs, profit and cash.

Questions

What is Grid Dynamics Holdings' operating margin?

Grid Dynamics Holdings' operating margin was 8.0% in Q3 2026 (third quarter 2026), +6.8 pts from Q2 2026.

How has Grid Dynamics Holdings' operating margin changed?

Over the last 3 quarters it ranged from 0.5% (Q4 2025) to 8.0% (Q3 2026).

Q3 2026 results → · How Grid Dynamics Holdings makes money →