Ibotta (IBTA) Operating Margin (2023 - 2026)

Ibotta's Operating Margin history runs 4 years deep, the most recent figure standing at 13.13% for Q1 2026.

• Quarterly Operating Margin fell 982.0% year-over-year to 13.13% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 2.61% (down 510.0% YoY) and the FY2025 annual result came in at 0.25%, down 785.0% from the prior year.
• Operating Margin was 13.13% for Q1 2026 at Ibotta, down from 1.85% 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.
• A 4-year average of 5.99% and a median of 2.84% in 2025 frame the typical range for Operating Margin.
• Annual changes were most pronounced in 2024 — Operating Margin sank 5024 bps — and 2025, when it jumped 2607 bps.
• Ibotta's 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 tumbled by 608 bps to 13.13% in 2026.
• Business Quant data shows IBTA's Operating Margin at 13.13% in Q1 2026, 1.85% in Q4 2025, and 2.84% in Q3 2025.