Growth Metrics

MediaAlpha (MAX) Net Margin (2019 - 2025)

MediaAlpha has reported Net Margin over the past 7 years, most recently at 11.67% for Q4 2025.

  • Quarterly results put Net Margin at 11.67% for Q4 2025, up 924.0% from a year ago — trailing twelve months through Dec 2025 was 2.4% (down 15.0% YoY), and the annual figure for FY2025 was 2.4%, down 15.0%.
  • Net Margin for Q4 2025 was 11.67% at MediaAlpha, up from 5.76% in the prior quarter.
  • Over the last five years, Net Margin for MAX hit a ceiling of 11.67% in Q4 2025 and a floor of 83.85% in Q4 2022.
  • Median Net Margin over the past 5 years was 2.63% (2021), compared with a mean of 9.06%.
  • Biggest five-year swings in Net Margin: tumbled -8139bps in 2022 and later soared 8104bps in 2023.
  • MediaAlpha's Net Margin stood at 2.46% in 2021, then tumbled by -3303bps to 83.85% in 2022, then surged by 97bps to 2.81% in 2023, then skyrocketed by 186bps to 2.43% in 2024, then surged by 381bps to 11.67% in 2025.
  • The last three reported values for Net Margin were 11.67% (Q4 2025), 5.76% (Q3 2025), and 8.96% (Q2 2025) per Business Quant data.