Docebo (DCBO) Operating Margin (2019 - 2026)
Docebo (DCBO) recorded Operating Margin of 3.76% in the quarter ended Jun 30, 2026, down 3.06 percentage points from 6.82% a year earlier but up 6.03 percentage points from the prior quarter.
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Analysis
Docebo (DCBO) Operating Margin (2019 - 2026) Analysis & Trends
On a TTM basis, Docebo's Operating Margin came in at 7.14% as of Jun 30, 2026, down 0.84 percentage points year-over-year; for the year ended Dec 31, 2025, it was 9.57%, down 0.24 percentage points from the prior year.
- Annual Operating Margin has a five-year change of +21.70 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, Operating Margin came in at 9.82% in the year ended Dec 31, 2024 (+11.87 pp), -2.05% in the year ended Dec 31, 2023 (-4.98 pp), 2.93% in the year ended Dec 31, 2022 (+15.83 pp) and -12.90% in the year ended Dec 31, 2021 (-0.78 pp).
- Quarterly Operating Margin has ranged from -45.13% in the quarter ended Dec 31, 2021 to 24.41% in the quarter ended Sep 30, 2022 over the past five years.
- On a year-over-year basis, Operating Margin rose in four of the last eight quarters, with an average year-over-year change of +1.68 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 44.94 percentage points in the quarter ended Dec 31, 2022, against a drop of 23.34 percentage points in the quarter ended Dec 31, 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at -2.28% (quarter ended Mar 31, 2026), 14.82% (quarter ended Dec 31, 2025) and 13.06% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 29.64% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 0.96% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 7.97% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 27.75% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 13.58% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 11.37% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 22.24% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 8.22% |
| 10 | Docebo | 656.59 Mn | 407.52 Mn | 54.53 Mn | 3.76% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.76% |
| Mar 31, 2026 | -2.28% |
| Dec 31, 2025 | 14.82% |
| Sep 30, 2025 | 13.06% |
| Jun 30, 2025 | 6.82% |
| Mar 31, 2025 | 2.98% |
| Dec 31, 2024 | 13.72% |
| Sep 30, 2024 | 8.51% |
| Jun 30, 2024 | 8.53% |
| Mar 31, 2024 | 8.22% |
| Dec 31, 2023 | -7.53% |
| Sep 30, 2023 | 6.69% |
| Jun 30, 2023 | -17.25% |
| Mar 31, 2023 | -0.91% |
| Dec 31, 2022 | -0.19% |
| Sep 30, 2022 | 24.41% |
| Jun 30, 2022 | 6.03% |
| Mar 31, 2022 | -21.43% |
| Dec 31, 2021 | -45.13% |
| Sep 30, 2021 | 5.41% |
API Access
Docebo Operating 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=operating-margin&ticker=DCBO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "DCBO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=DCBO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();