Ibotta (IBTA) Net Margin (2023 - 2026)
Ibotta (IBTA) posted Net Margin of 12.55% for Q1 2026, down 1007.83% on a QoQ basis from 1.13% in Q4 2025, and down 1324.0% year-over-year from 1.03% in Q1 2025.
Ibotta (IBTA) Net Margin (2023 - 2026) Analysis & Trends
Ibotta's Net Margin history runs 4 years deep, the most recent figure standing at 12.55% for Q1 2026.
- Quarterly Net Margin fell 1324.0% year-over-year to 12.55% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 2.15% (down 1840.0% YoY) and the FY2025 annual result came in at 1.04%, down 1767.0% from the prior year.
- Net Margin was 12.55% for Q1 2026 at Ibotta, down from 1.13% in the prior quarter.
- Across five years, Net Margin topped out at 77.43% in Q4 2024 and bottomed at 38.59% in Q2 2024.
- A 4-year average of 7.71% and a median of 2.89% in 2025 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2024 — Net Margin soared 5877 bps — and 2025, when it slumped 7856 bps.
- Ibotta's Net Margin stood at 18.66% in 2023, then surged by 315 bps to 77.43% in 2024, then sank by 101 bps to 1.13% in 2025, then sank by 1008 bps to 12.55% in 2026.
- Business Quant data shows IBTA's Net Margin at 12.55% in Q1 2026, 1.13% in Q4 2025, and 1.86% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | -18.33% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 2.29% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 18.93% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 7.47% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 22.90% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -21.25% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 22.77% |
| 10 | Ibotta | 633.81 Mn | 469.21 Mn | 63.03 Mn | -12.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -12.55% |
| Dec 31, 2025 | -1.13% |
| Sep 30, 2025 | 1.86% |
| Jun 30, 2025 | 2.89% |
| Mar 31, 2025 | 0.69% |
| Dec 31, 2024 | 77.43% |
| Sep 30, 2024 | 17.47% |
| Jun 30, 2024 | -38.59% |
| Mar 31, 2024 | 11.29% |
| Dec 31, 2023 | 18.66% |
| Sep 30, 2023 | 9.86% |
| Jun 30, 2023 | 19.81% |
| Mar 31, 2023 | -7.42% |