Ibotta (IBTA) Gross Margin (2023 - 2026)
Ibotta's (IBTA) quarterly Gross Margin came in at 78.42% in Q2 2026, down 74.0% on a YoY basis from 301.61% in Q2 2025, and up 2.62% quarter-over-quarter from 76.42% in Q1 2026.
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Ibotta (IBTA) Gross Margin (2023 - 2026) Analysis & Trends
Ibotta (IBTA) has reported Gross Margin for 4 consecutive years, with 78.42% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 74.0% year-over-year to 78.42%; the trailing twelve-month figure through Jun 2026 stood at 78.24% (down 480.0% YoY), and the FY2025 full-year result was 79.25%, down 711.0% from the prior year.
- Gross Margin rose to 78.42% in Q2 2026 per IBTA's latest filing, from 76.42% in the prior quarter.
- Across five years, Gross Margin topped out at 87.66% in Q3 2024 and bottomed at 76.42% in Q1 2026.
- Historically, Gross Margin has averaged 82.89% across 4 years, with a median of 82.55% in 2023.
- The sharpest annual moves came in 2024 and 2025: Gross Margin jumped 673 bps in 2024, then tumbled 825 bps in 2025.
- Over 4 years, Gross Margin stood at 87.64% in 2023, then retreated by 3 bps to 84.6% in 2024, then fell by 7 bps to 78.65% in 2025, then dropped by 0 bps to 78.42% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 78.42%, 76.42%, and 78.65% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,074.35 Bn | 3,645.31 Bn | 73.85 Bn | 61.65% |
| 2 | AppLovin | 107.48 Bn | 104.43 Bn | 1.70 Bn | 88.26% |
| 3 | Trade Desk | 6.78 Bn | 5.29 Bn | 530.72 Mn | 74.22% |
| 4 | Magnite | 3.46 Bn | 3.13 Bn | 130.79 Mn | 67.83% |
| 5 | DoubleVerify Holdings | 2.07 Bn | 1.86 Bn | 161.31 Mn | 83.24% |
| 6 | Digital Turbine | 1.28 Bn | 1.24 Bn | - | - |
| 7 | Quinstreet | 1.06 Bn | 929.83 Mn | 49.81 Mn | 13.32% |
| 8 | Taboola.com | 972.14 Mn | 839.09 Mn | 139.48 Mn | 29.25% |
| 9 | Mntn | 960.26 Mn | 722.98 Mn | 66.30 Mn | 80.32% |
| 10 | Ibotta | 893.28 Mn | 745.11 Mn | 69.72 Mn | 78.42% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 78.42% |
| Mar 31, 2026 | 76.42% |
| Dec 31, 2025 | 78.65% |
| Sep 30, 2025 | 79.41% |
| Jun 30, 2025 | 79.16% |
| Mar 31, 2025 | 79.79% |
| Dec 31, 2024 | 84.60% |
| Sep 30, 2024 | 87.66% |
| Jun 30, 2024 | 86.03% |
| Mar 31, 2024 | 87.23% |
| Dec 31, 2023 | 87.64% |
| Sep 30, 2023 | 87.36% |
| Jun 30, 2023 | 87.54% |
| Mar 31, 2023 | 80.50% |