Growth Metrics

MediaAlpha (MAX) Gross Margin (2019 - 2026)

MediaAlpha has reported Gross Margin over the past 8 years, most recently at 98.28% for Q1 2026.

  • Quarterly Gross Margin rose 8253.0% to 98.28% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 57.96% through Mar 2026, down 394.0% year-over-year, with the annual reading at 98.11% for FY2025, 97.0% up from the prior year.
  • Gross Margin was 98.28% for Q1 2026 at MediaAlpha, roughly flat from 98.29% in the prior quarter.
  • Over five years, Gross Margin peaked at 306.71% in Q4 2022 and troughed at 14.16% in Q3 2025.
  • The 5-year median for Gross Margin is 93.73% (2023), against an average of 90.02%.
  • Year-over-year, Gross Margin surged 21047bps in 2022 and then tumbled -17367bps in 2024.
  • A 5-year view of Gross Margin shows it stood at 306.71% in 2022, then fell by -11bps to 271.64% in 2023, then tumbled by -64bps to 97.97% in 2024, then rose by 0bps to 98.29% in 2025, then fell by 0bps to 98.28% in 2026.
  • Per Business Quant, the three most recent readings for MAX's Gross Margin are 98.28% (Q1 2026), 98.29% (Q4 2025), and 14.16% (Q3 2025).