i3 Verticals (IIIV) FCF Margin (2017 - 2026)
i3 Verticals' (IIIV) quarterly FCF Margin came in at 19.59% in Q1 2026, up 7301.0% year-on-year from 0.26% in Q1 2025, and down 15.12% quarter-over-quarter from 23.08% in Q4 2025.
i3 Verticals (IIIV) FCF Margin (2017 - 2026) Analysis & Trends
i3 Verticals' FCF Margin history runs 10 years deep, the most recent figure standing at 19.59% for Q1 2026.
- On a quarterly basis, FCF Margin rose 7301.0% year-over-year to 19.59% in Q1 2026; TTM through Mar 2026 was 21.67%, a 2068.0% increase from a year earlier, with the FY2025 full-year figure at 1.76%, down 2200.0% from the prior year.
- FCF Margin slipped to 19.59% in Q1 2026 per IIIV's latest filing, from 23.08% in the prior quarter.
- Across five years, FCF Margin topped out at 41.7% in Q3 2024 and bottomed at 53.41% in Q1 2025.
- The 5-year median for FCF Margin is 17.4% (2024), against an average of 11.07%.
- Across the five-year window, FCF Margin plunged 7464 bps in 2025 and surged 7301 bps in 2026, its largest moves.
- Year by year, FCF Margin stood at 19.46% in 2022, then increased by 6 bps to 20.53% in 2023, then declined by 15 bps to 17.4% in 2024, then surged by 33 bps to 23.08% in 2025, then decreased by 15 bps to 19.59% in 2026.
- Per Business Quant, the three latest IIIV FCF Margin figures stand at 19.59% (Q1 2026), 23.08% (Q4 2025), and 33.39% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 55.19% |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | 23.47% |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | -9.76% |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 54.62% |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 14.80% |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 48.17% |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 55.21% |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 25.75% |
| 10 | i3 Verticals | 465.19 Mn | 458.05 Mn | 40.38 Mn | 19.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.59% |
| Dec 31, 2025 | 23.08% |
| Sep 30, 2025 | 33.39% |
| Jun 30, 2025 | 10.12% |
| Mar 31, 2025 | -53.41% |
| Dec 31, 2024 | 17.40% |
| Sep 30, 2024 | 41.70% |
| Jun 30, 2024 | 0.94% |
| Mar 31, 2024 | 21.23% |
| Dec 31, 2023 | 20.53% |
| Sep 30, 2023 | 35.01% |
| Jun 30, 2023 | -10.66% |
| Mar 31, 2023 | 7.27% |
| Dec 31, 2022 | 19.46% |
| Sep 30, 2022 | -15.71% |
| Jun 30, 2022 | 9.36% |
| Mar 31, 2022 | 8.90% |
| Dec 31, 2021 | 26.98% |
| Sep 30, 2021 | 14.77% |
| Jun 30, 2021 | 5.74% |