Direct Digital Holdings (DRCT) Operating Margin (2021 - 2026)
Direct Digital Holdings (DRCT) recorded Operating Margin of -37.39% in Q2 2026, down 13.47 percentage points from -23.92% a year earlier but up 11.28 percentage points from the prior quarter.
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Analysis
Direct Digital Holdings (DRCT) Operating Margin (2021 - 2026) Analysis & Trends
On a TTM basis, Direct Digital Holdings' Operating Margin came in at -47.19% as of Jun 30, 2026, down 6.84 percentage points year-over-year; for FY2025, it was -42.53%, down 21.28 percentage points from FY2024.
- Annual Operating Margin has declined for four straight years, with a four-year change of -54.03 percentage points (FY2021 to FY2025).
- Across earlier years, Operating Margin came in at -21.24% in FY2024 (-19.85 pp), -1.39% in FY2023 (-10.32 pp), 8.93% in FY2022 (-2.57 pp) and 11.50% in FY2021.
- Quarterly Operating Margin has ranged from -53.46% in Q4 2025 to 14.41% in Q2 2022 over the past five years.
- On a year-over-year basis, Operating Margin has declined for 11 consecutive quarters, with an average year-over-year change of -19.07 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 5.60 percentage points in Q1 2022, against a drop of 47.87 percentage points in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at -48.67% (Q1 2026), -53.46% (Q4 2025) and -48.99% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 30.88% |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 33.38% |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | 5.64% |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 13.62% |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 13.32% |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | 34.00% |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | 24.71% |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 77.68% |
| 10 | Direct Digital Holdings | 1.12 Mn | -7.18 Mn | 2.66 Mn | -37.39% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -37.39% |
| Mar 31, 2026 | -48.67% |
| Dec 31, 2025 | -53.46% |
| Sep 30, 2025 | -48.99% |
| Jun 30, 2025 | -23.92% |
| Mar 31, 2025 | -48.11% |
| Dec 31, 2024 | -51.79% |
| Sep 30, 2024 | -40.31% |
| Jun 30, 2024 | -9.45% |
| Mar 31, 2024 | -12.60% |
| Dec 31, 2023 | -21.44% |
| Sep 30, 2023 | 7.56% |
| Jun 30, 2023 | 6.37% |
| Mar 31, 2023 | -0.66% |
| Dec 31, 2022 | 8.08% |
| Sep 30, 2022 | 7.10% |
| Jun 30, 2022 | 14.41% |
| Mar 31, 2022 | 5.14% |
| Dec 31, 2021 | 10.26% |
| Sep 30, 2021 | 6.78% |
API Access
Direct Digital Holdings 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=DRCT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "DRCT", "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=DRCT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();