Ibotta (IBTA) Operating Margin (2023 - 2026)
Ibotta (IBTA) reported Operating Margin of 13.13% for Q1 2026, down 982.0% on a YoY basis from 1.49% in Q1 2025, and down 608.01% quarter-over-quarter from 1.85% in Q4 2025.
Ibotta (IBTA) Operating Margin (2023 - 2026) Analysis & Trends
Ibotta has reported Operating Margin for 4 years, with the latest figure at 13.13% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 982.0% year-over-year to 13.13%; the trailing twelve-month figure through Mar 2026 stood at 2.61% (down 510.0% YoY), and the FY2025 full-year result was 0.25%, down 785.0% from the prior year.
- Operating Margin for Q1 2026 stood at 13.13%, down from 1.85% in the prior quarter.
- The five-year high for Operating Margin was 26.34% in Q4 2023, with the low at 24.63% in Q2 2024.
- Historically, Operating Margin has averaged 5.99% across 4 years, with a median of 2.84% in 2025.
- Annual changes were most pronounced in 2024 — Operating Margin slumped 5024 bps — and 2025, when it jumped 2607 bps.
- Ibotta's Operating Margin stood at 26.34% in 2023, then tumbled by 50 bps to 13.18% in 2024, then tumbled by 114 bps to 1.85% in 2025, then sank by 608 bps to 13.13% in 2026.
- The last three Operating Margin figures came in at 13.13% (Q1 2026), 1.85% (Q4 2025), and 2.84% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating 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 | 12.05% |
| 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 | 13.34% |
| 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 | -13.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -13.13% |
| Dec 31, 2025 | -1.85% |
| Sep 30, 2025 | 2.84% |
| Jun 30, 2025 | 1.44% |
| Mar 31, 2025 | -3.31% |
| Dec 31, 2024 | 13.18% |
| Sep 30, 2024 | 21.00% |
| Jun 30, 2024 | -24.63% |
| Mar 31, 2024 | 19.32% |
| Dec 31, 2023 | 26.34% |
| Sep 30, 2023 | 12.75% |
| Jun 30, 2023 | 25.60% |
| Mar 31, 2023 | -1.63% |