MediaAlpha, Inc. (MAX) Operating Margin (2019 - 2026)

MediaAlpha has disclosed Operating Margin across 8 years of filings, most recently posting 7.22% for Q1 2026.

• In Q1 2026, Operating Margin rose 717.0% year-over-year to 7.22%; the TTM figure through Mar 2026 stood at 3.83% (down 21.0% YoY), while the FY2025 annual figure was 1.99%, down 295.0% from the prior year.
• Operating Margin slipped to 7.22% in Q1 2026, from 7.66% in the prior quarter.
• Over the last five years, Operating Margin for MAX reached as high as 7.66% in Q4 2025 and fell as low as 19.78% in Q3 2023.
• The 5-year median for Operating Margin is 0.04% (2025), against an average of 2.86%.
• Annual changes were most pronounced in 2022 — Operating Margin sank 1184 bps — and 2024, when it jumped 2580 bps.
• A 5-year view of Operating Margin shows it stood at 5.27% in 2022, then jumped by 107 bps to 0.38% in 2023, then jumped by 1495 bps to 6.07% in 2024, then rose by 26 bps to 7.66% in 2025, then retreated by 6 bps to 7.22% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 7.22%, 7.66%, and 6.44% for Q1 2026, Q4 2025, and Q3 2025 respectively.