Docebo (DCBO) Operating Margin (2019 - 2026)
Docebo (DCBO) posted quarterly Operating Margin of 2.28% for Q1 2026, down 526.0% year-on-year from 0.53% in Q1 2025, and down 104.83% on a QoQ basis from 47.12% in Q4 2025.
Docebo (DCBO) Operating Margin (2019 - 2026) Analysis & Trends
Docebo (DCBO) has reported Operating Margin for 8 consecutive years, with 2.28% the latest figure, recorded in Q1 2026.
- Quarterly Operating Margin fell 526.0% year-over-year to 2.28% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 33.32% (up 2489.0% YoY) and the FY2025 annual result came in at 9.57%, down 24.0% from the prior year.
- Operating Margin declined to 2.28% in Q1 2026 per DCBO's latest filing, from 47.12% in the prior quarter.
- Over the last five years, Operating Margin for DCBO reached as high as 47.12% in Q4 2025 and fell as low as 21.43% in Q1 2022.
- A 5-year average of 10.41% and a median of 6.69% in 2023 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2023 — Operating Margin sank 2329 bps — and 2025, when it soared 3690 bps.
- Year by year, Operating Margin stood at 0.19% in 2022, then soared by 1237 bps to 2.19% in 2023, then surged by 527 bps to 13.72% in 2024, then surged by 243 bps to 47.12% in 2025, then plunged by 105 bps to 2.28% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 2.28%, 47.12%, and 45.18% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 197.50 Bn | 177.26 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 191.16 Bn | 188.45 Bn | - | - |
| 3 | Shopify | 157.55 Bn | 151.81 Bn | 1.55 Bn | 12.05% |
| 4 | Salesforce | 146.67 Bn | 134.84 Bn | 8.56 Bn | 21.08% |
| 5 | Uber Technologies | 135.72 Bn | 134.51 Bn | 5.95 Bn | 14.56% |
| 6 | ServiceNow | 104.82 Bn | 100.15 Bn | 2.82 Bn | 4.06% |
| 7 | Automatic Data Processing | 101.57 Bn | 98.34 Bn | 2.87 Bn | -22.99% |
| 8 | Snowflake | 94.88 Bn | 91.92 Bn | 926.45 Mn | -23.45% |
| 9 | Adobe | 93.21 Bn | 87.58 Bn | 5.90 Bn | 33.82% |
| 10 | Docebo | 557.29 Mn | 494.10 Mn | 51.27 Mn | -2.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2.28% |
| Dec 31, 2025 | 47.12% |
| Sep 30, 2025 | 45.18% |
| Jun 30, 2025 | 45.42% |
| 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 | 2.19% |
| 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 | -9.89% |
| Sep 30, 2021 | 5.41% |
| Jun 30, 2021 | -24.75% |