Ibotta (IBTA) EBITDA Margin (2023 - 2026)
Ibotta (IBTA) reported EBITDA Margin of 11.25% for Q1 2026, down 908.0% on a YoY basis from 1.39% in Q1 2025, and down 2492.88% quarter-over-quarter from 0.43% in Q4 2025.
Ibotta (IBTA) EBITDA Margin (2023 - 2026) Analysis & Trends
Ibotta has reported EBITDA Margin for 4 years, with the latest figure at 11.25% in Q1 2026.
- For the quarter ending Q1 2026, EBITDA Margin fell 908.0% year-over-year to 11.25%; the trailing twelve-month figure through Mar 2026 stood at 1.29% (down 421.0% YoY), and the FY2025 full-year result was 0.9%, down 714.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 11.25%, down from 0.43% in the prior quarter.
- The five-year high for EBITDA Margin was 26.99% in Q4 2023, with the low at 23.44% in Q2 2024.
- Historically, EBITDA Margin has averaged 7.0% across 4 years, with a median of 3.61% in 2025.
- Annual changes were most pronounced in 2024 — EBITDA Margin plunged 5003 bps — and 2025, when it soared 2610 bps.
- Ibotta's EBITDA Margin stood at 26.99% in 2023, then sank by 57 bps to 11.66% in 2024, then tumbled by 104 bps to 0.43% in 2025, then sank by 2493 bps to 11.25% in 2026.
- The last three EBITDA Margin figures came in at 11.25% (Q1 2026), 0.43% (Q4 2025), and 3.61% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | -18.49% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 21.08% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 29.26% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 12.12% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -22.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 33.82% |
| 10 | Ibotta | 777.95 Mn | 613.36 Mn | 63.03 Mn | -11.25% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -11.25% |
| Dec 31, 2025 | -0.43% |
| Sep 30, 2025 | 3.61% |
| Jun 30, 2025 | 2.66% |
| Mar 31, 2025 | -2.16% |
| Dec 31, 2024 | 11.66% |
| Sep 30, 2024 | 22.08% |
| Jun 30, 2024 | -23.44% |
| Mar 31, 2024 | 20.51% |
| Dec 31, 2023 | 26.99% |
| Sep 30, 2023 | 14.51% |
| Jun 30, 2023 | 26.59% |
| Mar 31, 2023 | -0.33% |