Ibotta (IBTA) Operating Margin (2023 - 2026)
Ibotta's (IBTA) quarterly Operating Margin came in at 2.11% in Q2 2026, down 355.0% on a YoY basis from 0.83% in Q2 2025, and up 83.92% quarter-over-quarter from 13.13% in Q1 2026.
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Ibotta (IBTA) Operating Margin (2023 - 2026) Analysis & Trends
Ibotta (IBTA) has reported Operating Margin for 4 consecutive years, with 2.11% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin fell 355.0% year-over-year to 2.11%; the trailing twelve-month figure through Jun 2026 stood at 3.49% (down 1223.0% YoY), and the FY2025 full-year result was 0.25%, down 785.0% from the prior year.
- Operating Margin advanced to 2.11% in Q2 2026 per IBTA's latest filing, from 13.13% in the prior quarter.
- Across five years, Operating Margin topped out at 26.34% in Q4 2023 and bottomed at 24.63% in Q2 2024.
- Historically, Operating Margin has averaged 5.41% across 4 years, with a median of 2.14% in 2025.
- The sharpest annual moves came in 2024 and 2025: Operating Margin tumbled 5024 bps in 2024, then surged 2607 bps in 2025.
- Over 4 years, Operating Margin stood at 26.34% in 2023, then sank by 50 bps to 13.18% in 2024, then sank by 114 bps to 1.85% in 2025, then fell by 14 bps to 2.11% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 2.11%, 13.13%, and 1.85% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,074.35 Bn | 3,645.31 Bn | 73.85 Bn | 34.03% |
| 2 | AppLovin | 107.48 Bn | 104.43 Bn | 1.70 Bn | 77.68% |
| 3 | Trade Desk | 6.78 Bn | 5.29 Bn | 530.72 Mn | 14.21% |
| 4 | Magnite | 3.46 Bn | 3.13 Bn | 130.79 Mn | 16.19% |
| 5 | DoubleVerify Holdings | 2.07 Bn | 1.86 Bn | 161.31 Mn | 11.88% |
| 6 | Digital Turbine | 1.28 Bn | 1.24 Bn | - | - |
| 7 | Quinstreet | 1.06 Bn | 929.83 Mn | 49.81 Mn | 5.11% |
| 8 | Taboola.com | 972.14 Mn | 839.09 Mn | 139.48 Mn | 1.52% |
| 9 | Mntn | 960.26 Mn | 722.98 Mn | 66.30 Mn | 8.62% |
| 10 | Ibotta | 893.28 Mn | 745.11 Mn | 69.72 Mn | -2.11% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -2.11% |
| 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% |