Ibotta (IBTA) Net Margin (2023 - 2026)
Ibotta's Net Margin was -1.38% in Q2 2026, down 4.28 percentage points from 2.89% a year earlier but up 11.13 percentage points from the prior quarter.
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Analysis
Ibotta (IBTA) Net Margin (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, Ibotta's Net Margin was -3.21% through Jun 30, 2026, down 29.45 percentage points year-over-year; for FY2025, it came in at 1.04%, down 17.67 percentage points from FY2024.
- Net Margin shows a three-year change of +27.08 percentage points (FY2022 to FY2025).
- In earlier years, Net Margin was 18.72% in FY2024 (+6.81 pp), 11.91% in FY2023 (+37.95 pp) and -26.04% in FY2022.
- Quarterly Net Margin has moved between -38.63% (Q2 2024) and 77.43% (Q4 2024) over five years.
- Compared with a year earlier, Net Margin has declined for four straight quarters, with an average year-over-year change of -1.80 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was Q4 2024 (a gain of 58.72 percentage points); the worst was Q4 2025 (a drop of 78.56 percentage points).
- Per Business Quant data, IBTA's Net Margin in the three quarters before Q2 2026 was -12.51% (Q1 2026), -1.13% (Q4 2025) and 1.84% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 93.58% |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 26.07% |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 27.08% |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | 3.92% |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 41.92% |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 16.87% |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | 26.52% |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | 24.19% |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 65.84% |
| 10 | Ibotta | 929.36 Mn | 206.69 Mn | 69.72 Mn | -1.38% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.38% |
| Mar 31, 2026 | -12.51% |
| Dec 31, 2025 | -1.13% |
| Sep 30, 2025 | 1.84% |
| Jun 30, 2025 | 2.89% |
| Mar 31, 2025 | 0.66% |
| Dec 31, 2024 | 77.43% |
| Sep 30, 2024 | 17.48% |
| Jun 30, 2024 | -38.63% |
| Mar 31, 2024 | 11.29% |
| Dec 31, 2023 | 18.71% |
| Sep 30, 2023 | 9.86% |
| Jun 30, 2023 | 19.82% |
| Mar 31, 2023 | -7.42% |
API Access
Ibotta Net 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=net-margin&ticker=IBTA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "IBTA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=IBTA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();