Valneva SE annual gross margin
2019
2020
2021
2022
2023
2024
2025
Valneva SE Gross Margin Growth & History (VLA)
Valneva SE's gross margin was 38.66% for fiscal 2025.
View full Valneva SE company overviewValneva SE annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 38.66% | −3.23 pp |
| 2024 | 2024-12-31 | 41.89% | +7.52 pp |
| 2023 | 2023-12-31 | 34.37% | +24.17 pp |
| 2022 | 2022-12-31 | 10.20% | −35.81 pp |
| 2021 | 2021-12-31 | 46.01% | −4.76 pp |
| 2020 | 2020-12-31 | 50.78% | −7.40 pp |
| 2019 | 2019-12-31 | 58.18% | — |
Valneva SE quarterly gross margin
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 4.58% | −45.52 pp |
| Q1 2026 | 2026-03-31 | 15.28% | −37.91 pp |
| Q4 2025 | 2025-12-31 | 24.36% | −24.20 pp |
| Q3 2025 | 2025-09-30 | 18.71% | −25.25 pp |
| Q2 2025 | 2025-06-30 | 50.10% | +11.76 pp |
| Q1 2025 | 2025-03-31 | 53.20% | +20.85 pp |
| Q4 2024 | 2024-12-31 | 48.56% | +10.77 pp |
| Q3 2024 | 2024-09-30 | 43.96% | −0.95 pp |
| Q2 2024 | 2024-06-30 | 38.34% | +21.25 pp |
| Q1 2024 | 2024-03-31 | 32.34% | −6.54 pp |
| Q4 2023 | 2023-12-31 | 37.79% | +47.05 pp |
| Q3 2023 | 2023-09-30 | 44.91% | −35.14 pp |
| Q2 2023 | 2023-06-30 | 17.09% | +137.92 pp |
| Q1 2023 | 2023-03-31 | 38.88% | +2.32 pp |
| Q4 2022 | 2022-12-31 | −9.26% | −99.08 pp |
| Q3 2022 | 2022-09-30 | 80.06% | +538.61 pp |
| Q2 2022 | 2022-06-30 | −120.83% | −137.95 pp |
| Q1 2022 | 2022-03-31 | 36.56% | −0.34 pp |
| Q4 2021 | 2021-12-31 | 89.82% | — |
| Q3 2021 | 2021-09-30 | −458.55% | — |
| Q2 2021 | 2021-06-30 | 17.12% | — |
| Q1 2021 | 2021-03-31 | 36.89% | — |
Valneva SE gross margin trends
Over the last five fiscal years, Valneva SE's gross margin decreased from 50.78% to 38.66%, a change of −12.12 percentage points. The latest reported quarter, Q2 2026, shows 4.58%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Valneva SE source filings ↗