MediaAlpha (MAX) FCF Margin (2019 - 2026)
MediaAlpha (MAX) posted quarterly FCF Margin of 13.2% for Q2 2026, up 304.0% year-over-year from 3.27% in Q2 2025, and up 2659.85% quarter-over-quarter from 0.52% in Q1 2026.
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MediaAlpha (MAX) FCF Margin (2019 - 2026) Analysis & Trends
MediaAlpha (MAX) has reported FCF Margin for 8 consecutive years, with 13.2% the latest figure, recorded in Q2 2026.
- In Q2 2026, FCF Margin rose 304.0% year-over-year to 13.2%; the TTM figure through Jun 2026 stood at 4.6% (down 207.0% YoY), while the FY2025 annual figure was 5.86%, up 58.0% from the prior year.
- FCF Margin grew to 13.2% in Q2 2026 per MAX's latest filing, from 0.52% in the prior quarter.
- Across five years, FCF Margin topped out at 16.66% in Q3 2022 and bottomed at 5.39% in Q4 2022.
- Historically, FCF Margin has averaged 5.83% across 5 years, with a median of 5.31% in 2022.
- On a YoY basis, FCF Margin climbed as much as 1123 bps in 2022 and fell as far as 1892 bps in 2022.
- MediaAlpha's FCF Margin stood at 5.39% in 2022, then jumped by 184 bps to 4.51% in 2023, then rose by 7 bps to 4.82% in 2024, then tumbled by 153 bps to 2.57% in 2025, then soared by 613 bps to 13.2% in 2026.
- Business Quant data shows MAX's FCF Margin at 13.2% in Q2 2026, 0.52% in Q1 2026, and 2.57% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | -4.89% |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 2.87% |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 17.50% |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 1,357.29% |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 32.39% | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | - |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | - |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 22.88% | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 41.32% |
| 10 | MediaAlpha | 681.52 Mn | 657.78 Mn | 45.17 Mn | 13.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.20% |
| Mar 31, 2026 | -0.52% |
| Dec 31, 2025 | -2.57% |
| Sep 30, 2025 | 7.68% |
| Jun 30, 2025 | 10.15% |
| Mar 31, 2025 | 8.95% |
| Dec 31, 2024 | 4.82% |
| Sep 30, 2024 | 3.09% |
| Jun 30, 2024 | 12.05% |
| Mar 31, 2024 | 1.30% |
| Dec 31, 2023 | 4.51% |
| Sep 30, 2023 | -1.90% |
| Jun 30, 2023 | 4.44% |
| Mar 31, 2023 | 11.22% |
| Dec 31, 2022 | -5.39% |
| Sep 30, 2022 | 16.66% |
| Jun 30, 2022 | 11.37% |
| Mar 31, 2022 | 5.80% |
| Dec 31, 2021 | 13.53% |
| Sep 30, 2021 | 8.10% |