MediaAlpha (MAX) Net Margin (2019 - 2026)
MediaAlpha (MAX) reported Net Margin of 4.53% for Q1 2026, up 541.0% year-over-year from 0.71% in Q1 2025, and down 61.18% quarter-over-quarter from 11.67% in Q4 2025.
MediaAlpha (MAX) Net Margin (2019 - 2026) Analysis & Trends
MediaAlpha (MAX) has 8 years of Net Margin data on file, last reported at 4.53% in Q1 2026.
- Net Margin for Q1 2026 came in at 4.53%, up 541.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 3.72% (up 160.0% YoY), and the FY2025 annual result was 2.4%, down 15.0% from the prior year.
- Net Margin eased to 4.53% in Q1 2026 per MAX's latest filing, from 11.67% in the prior quarter.
- Over five years, Net Margin peaked at 11.67% in Q4 2025 and troughed at 83.85% in Q4 2022.
- A 5-year average of 10.07% and a median of 2.81% in 2023 frame the typical range for Net Margin.
- The sharpest annual moves came in 2022 and 2023: Net Margin sank 8139 bps in 2022, then soared 8104 bps in 2023.
- A 5-year view of Net Margin shows it stood at 83.85% in 2022, then surged by 97 bps to 2.81% in 2023, then jumped by 186 bps to 2.43% in 2024, then surged by 381 bps to 11.67% in 2025, then slumped by 61 bps to 4.53% in 2026.
- Business Quant data shows MAX's Net Margin at 4.53% in Q1 2026, 11.67% in Q4 2025, and 5.76% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 2,430,078.11 Bn | 2,430,078.11 Bn | 295.20 Mn | 155.44% |
| 2 | Alphabet | 4,448.32 Bn | 4,232.70 Bn | 102.29 Bn | 56.94% |
| 3 | Meta Platforms | 1,465.06 Bn | 1,383.88 Bn | 46.09 Bn | 47.54% |
| 4 | Spotify Technology | 113.19 Bn | 102.95 Bn | 1.75 Bn | 15.91% |
| 5 | 33.56 Bn | 30.79 Bn | 511.94 Mn | 30.75% | |
| 6 | 12.93 Bn | 11.63 Bn | 768.96 Mn | -7.30% | |
| 7 | Kanzhun | 12.77 Bn | 10.67 Bn | 255.62 Bn | 55.91% |
| 8 | Match | 8.28 Bn | 7.26 Bn | 653.28 Mn | 19.31% |
| 9 | Snap | 7.91 Bn | 5.08 Bn | 1.29 Bn | -5.82% |
| 10 | MediaAlpha | 566.84 Mn | 509.78 Mn | 304.68 Mn | 4.53% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | -0.24% |