MediaAlpha (MAX) Net Margin (2019 - 2026)
MediaAlpha (MAX) posted quarterly Net Margin of 13.19% for Q2 2026, up 2214.0% year-over-year from 0.57% in Q2 2025, and up 191.02% quarter-over-quarter from 4.53% in Q1 2026.
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MediaAlpha (MAX) Net Margin (2019 - 2026) Analysis & Trends
MediaAlpha (MAX) has reported Net Margin for 8 consecutive years, with 13.19% the latest figure, recorded in Q2 2026.
- In Q2 2026, Net Margin rose 2214.0% year-over-year to 13.19%; the TTM figure through Jun 2026 stood at 8.78% (up 930.0% YoY), while the FY2025 annual figure was 2.4%, down 15.0% from the prior year.
- Net Margin rose to 13.19% in Q2 2026 per MAX's latest filing, from 4.53% in the prior quarter.
- Across five years, Net Margin topped out at 13.19% in Q2 2026 and bottomed at 83.85% in Q4 2022.
- Historically, Net Margin has averaged 8.78% across 5 years, with a median of 1.99% in 2023.
- Annual changes were most pronounced in 2022 — Net Margin sank 8139 bps — and 2023, when it soared 8104 bps.
- MediaAlpha's Net Margin stood at 83.85% in 2022, then soared by 97 bps to 2.81% in 2023, then surged by 186 bps to 2.43% in 2024, then soared by 381 bps to 11.67% in 2025, then advanced by 13 bps to 13.19% in 2026.
- Business Quant data shows MAX's Net Margin at 13.19% in Q2 2026, 4.53% in Q1 2026, and 11.67% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 93.58% |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 26.07% |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 11.41% |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | -2.47% |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 31.41% | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 4.33% |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | - |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | -3.96% | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 19.99% |
| 10 | MediaAlpha | 681.52 Mn | 657.78 Mn | 45.17 Mn | 13.19% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.19% |
| Mar 31, 2026 | 4.53% |
| Dec 31, 2025 | 11.67% |
| Sep 30, 2025 | 5.76% |
| Jun 30, 2025 | -8.96% |
| Mar 31, 2025 | -0.88% |
| Dec 31, 2024 | 2.43% |
| Sep 30, 2024 | 4.59% |
| Jun 30, 2024 | 2.48% |
| Mar 31, 2024 | -1.18% |
| Dec 31, 2023 | -2.81% |
| Sep 30, 2023 | -25.07% |
| Jun 30, 2023 | -23.57% |
| Mar 31, 2023 | -13.06% |
| Dec 31, 2022 | -83.85% |
| Sep 30, 2022 | -23.84% |
| Jun 30, 2022 | -12.59% |
| Mar 31, 2022 | -6.91% |
| Dec 31, 2021 | -2.46% |
| Sep 30, 2021 | -2.80% |