Marchex (MCHX) Operating Margin (2010 - 2026)
Marchex (MCHX) posted quarterly Operating Margin of 21.92% for Q4 2025, down 861.0% year-over-year from 2.88% in Q4 2024, and down 168.22% quarter-over-quarter from 8.17% in Q3 2025.
Marchex (MCHX) Operating Margin (2010 - 2026) Analysis & Trends
Marchex (MCHX) has reported Operating Margin for 16 consecutive years, with 21.92% the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Margin fell 861.0% year-over-year to 21.92%; the TTM figure through Dec 2025 stood at 12.61% (down 337.0% YoY), while the FY2025 annual figure was 12.6%, down 336.0% from the prior year.
- Operating Margin declined to 21.92% in Q4 2025 per MCHX's latest filing, from 8.17% in the prior quarter.
- Across five years, Operating Margin topped out at 4.6% in Q2 2025 and bottomed at 40.42% in Q1 2021.
- Historically, Operating Margin has averaged 15.91% across 5 years, with a median of 12.71% in 2024.
- Annual changes were most pronounced in 2021 — Operating Margin jumped 18090 bps — and 2023, when it tumbled 2524 bps.
- Marchex's Operating Margin stood at 13.98% in 2021, then slumped by 105 bps to 28.65% in 2022, then surged by 68 bps to 9.04% in 2023, then plunged by 47 bps to 13.31% in 2024, then sank by 65 bps to 21.92% in 2025.
- Business Quant data shows MCHX's Operating Margin at 21.92% in Q4 2025, 8.17% in Q3 2025, and 4.6% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | AppLovin | 101.33 Bn | 98.28 Bn | 1.70 Bn | 77.68% |
| 2 | Omnicom | 24.48 Bn | 21.15 Bn | 1.30 Bn | 14.06% |
| 3 | Trade Desk | 6.18 Bn | 4.70 Bn | 530.72 Mn | 14.21% |
| 4 | Wpp | 5.67 Bn | 2.50 Bn | - | - |
| 5 | Magnite | 3.33 Bn | 2.99 Bn | 130.79 Mn | 16.19% |
| 6 | Stagwell | 2.12 Bn | 2.01 Bn | 269.24 Mn | 1.47% |
| 7 | DoubleVerify Holdings | 2.05 Bn | 1.84 Bn | 161.31 Mn | 11.88% |
| 8 | Ziff Davis | 2.03 Bn | 421.23 Mn | 241.03 Mn | -15.60% |
| 9 | Clear Channel Outdoor Holdings | 1.21 Bn | 1.02 Bn | 241.86 Mn | 20.33% |
| 10 | Marchex | 71.38 Mn | 63.22 Mn | 6.60 Mn | -3.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -3.14% |
| Dec 31, 2025 | -21.92% |
| Sep 30, 2025 | -8.17% |
| Jun 30, 2025 | -4.60% |
| Mar 31, 2025 | -16.41% |
| Dec 31, 2024 | -13.31% |
| Sep 30, 2024 | -6.57% |
| Jun 30, 2024 | -5.98% |
| Mar 31, 2024 | -11.35% |
| Dec 31, 2023 | -9.04% |
| Sep 30, 2023 | -10.33% |
| Jun 30, 2023 | -21.55% |
| Mar 31, 2023 | -36.86% |
| Dec 31, 2022 | -28.65% |
| Sep 30, 2022 | -12.12% |
| Jun 30, 2022 | -11.08% |
| Mar 31, 2022 | -11.62% |
| Dec 31, 2021 | -13.98% |
| Sep 30, 2021 | -13.85% |
| Jun 30, 2021 | -20.45% |