Bakkt (BKKT) Net Margin (2021 - 2026)
Bakkt (BKKT) recorded Net Margin of 47.51% in Q2 2026, up 50.06 percentage points from -2.55% a year earlier and up 52.30 percentage points from the prior quarter.
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Analysis
Bakkt (BKKT) Net Margin (2021 - 2026) Analysis & Trends
On a TTM basis, Bakkt's Net Margin came in at -2.78% as of Jun 30, 2026, down 2.00 percentage points year-over-year; for FY2025, it was -4.59%, down 3.24 percentage points from FY2024.
- Annual Net Margin has a five-year change of +274.77 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at -1.36% in FY2024 (+8.94 pp), -10.30% in FY2023 (+1017.92 pp), -1028.22% in FY2022 (-645.02 pp) and -383.20% in FY2021 (-103.83 pp).
- The Q2 2026 figure is the highest quarterly Net Margin in data going back to Q1 2022.
- On a year-over-year basis, Net Margin rose in five of the last eight quarters, with an average year-over-year change of +4.96 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 3534.50 percentage points in Q3 2023, against a drop of 48.85 percentage points in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at -4.78% (Q1 2026), -28.50% (Q4 2025) and -3.71% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.12 Bn | 6.93 Bn | - | -29.46% |
| 2 | PayPal Holdings | 46.45 Bn | 4.68 Bn | - | 12.72% |
| 3 | Block | 44.49 Bn | 15.75 Bn | 3.17 Bn | 1.34% |
| 4 | Iren | 31.49 Bn | 19.08 Bn | 103.89 Mn | -498.45% |
| 5 | Corpay | 25.78 Bn | 15.98 Bn | - | 18.55% |
| 6 | Fiserv | 24.12 Bn | 20.82 Bn | 2.90 Bn | 11.85% |
| 7 | Global Payments | 22.15 Bn | 588.57 Mn | 2.03 Bn | 0.39% |
| 8 | Bitmine Immersion Technologies | 15.50 Bn | 12.88 Bn | 40.81 Mn | -179.60% |
| 9 | Guidewire Software | 11.68 Bn | 8.25 Bn | 269.68 Mn | 7.64% |
| 10 | Bakkt | 364.53 Mn | 143.40 Mn | 2.21 Mn | 47.51% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 47.51% |
| Mar 31, 2026 | -4.78% |
| Dec 31, 2025 | -28.50% |
| Sep 30, 2025 | -3.71% |
| Jun 30, 2025 | -2.55% |
| Mar 31, 2025 | 0.72% |
| Dec 31, 2024 | -1.10% |
| Sep 30, 2024 | -0.88% |
| Jun 30, 2024 | -3.22% |
| Mar 31, 2024 | -0.96% |
| Dec 31, 2023 | -16.55% |
| Sep 30, 2023 | -8.46% |
| Jun 30, 2023 | -4.85% |
| Mar 31, 2023 | -105.73% |
| Sep 30, 2022 | -3,542.97% |
| Jun 30, 2022 | -27.77% |
| Mar 31, 2022 | -56.88% |
| Dec 31, 2021 | -383.20% |
| Sep 30, 2021 | -315.54% |
| Jun 30, 2021 | -375.81% |
API Access
Bakkt Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=BKKT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "BKKT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=BKKT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();