MediaAlpha (MAX) Gross Margin (2019 - 2026)
MediaAlpha's Gross Margin was 14.72% in Q3 2026, up 0.56 percentage points from 14.16% a year earlier and up 0.46 percentage points from the prior quarter.
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Analysis
MediaAlpha (MAX) Gross Margin (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, MediaAlpha's Gross Margin was 14.84% through Sep 30, 2026, down 0.45 percentage points year-over-year; for FY2025, it was 15.05%, down 1.56 percentage points from FY2024.
- Gross Margin shows a five-year change of +0.45 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 16.60% in FY2024 (-0.58 pp), 17.19% in FY2023 (+1.93 pp), 15.26% in FY2022 (-0.47 pp) and 15.73% in FY2021 (+1.13 pp).
- Quarterly Gross Margin has moved between 14.16% (Q3 2025) and 19.02% (Q4 2023) over five years.
- Compared with a year earlier, Gross Margin was higher in 1 of the last eight quarters, with an average year-over-year change of -1.40 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q4 2023 (a gain of 2.77 percentage points); the worst was Q1 2025 (a drop of 2.94 percentage points).
- Per Business Quant data, MAX's Gross Margin in the three quarters before Q3 2026 was 14.26% (Q2 2026), 15.06% (Q1 2026) and 15.39% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,505.75 Bn | 3,240.65 Bn | 76.16 Bn | 59.70% |
| 2 | Meta Platforms | 1,636.37 Bn | 1,300.89 Bn | 51.23 Bn | 79.31% |
| 3 | Netflix | 264.79 Bn | 226.09 Bn | 6.80 Bn | 52.78% |
| 4 | Alibaba Group Holding | 244.49 Bn | 58.13 Bn | 15.16 Bn | 38.24% |
| 5 | Shopify | 196.00 Bn | 174.81 Bn | 1.78 Bn | 47.59% |
| 6 | Uber Technologies | 145.16 Bn | 115.98 Bn | 6.42 Bn | 43.46% |
| 7 | AppLovin | 136.87 Bn | 125.40 Bn | 1.94 Bn | 88.98% |
| 8 | Spotify Technology | 125.04 Bn | 81.96 Bn | 1.89 Bn | 32.98% |
| 9 | Booking Holdings | 122.68 Bn | 56.42 Bn | - | - |
| 10 | MediaAlpha | 748.77 Mn | 633.42 Mn | 55.33 Mn | 14.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.72% |
| Jun 30, 2026 | 14.26% |
| Mar 31, 2026 | 15.06% |
| Dec 31, 2025 | 15.39% |
| Sep 30, 2025 | 14.16% |
| Jun 30, 2025 | 14.98% |
| Mar 31, 2025 | 15.75% |
| Dec 31, 2024 | 16.29% |
| Sep 30, 2024 | 15.14% |
| Jun 30, 2024 | 17.77% |
| Mar 31, 2024 | 18.70% |
| Dec 31, 2023 | 19.02% |
| Sep 30, 2023 | 16.49% |
| Jun 30, 2023 | 16.24% |
| Mar 31, 2023 | 16.45% |
| Dec 31, 2022 | 16.24% |
| Sep 30, 2022 | 14.24% |
| Jun 30, 2022 | 15.01% |
| Mar 31, 2022 | 15.23% |
| Dec 31, 2021 | 15.72% |
API Access
MediaAlpha Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=MAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "MAX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=MAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();