Magnite (MGNI) Gross Margin (2013 - 2026)
Magnite's Gross Margin was 67.83% in Q2 2026, up 5.30 percentage points from 62.53% a year earlier and up 4.58 percentage points from the prior quarter.
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Analysis
Magnite (MGNI) Gross Margin (2013 - 2026) Analysis & Trends
On a trailing twelve-month basis, Magnite's Gross Margin was 64.78% through Jun 30, 2026, up 2.46 percentage points year-over-year; for FY2025, it was 62.66%, up 1.39 percentage points from FY2024.
- Gross Margin shows a five-year change of -2.26 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 61.26% in FY2024 (+27.41 pp), 33.86% in FY2023 (-12.92 pp), 46.77% in FY2022 (-10.18 pp) and 56.95% in FY2021 (-7.97 pp).
- The Q2 2026 figure marks the highest quarterly Gross Margin since Q4 2020.
- Compared with a year earlier, Gross Margin has increased for three straight quarters, with an average year-over-year change of +4.40 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q1 2024 (a gain of 51.78 percentage points); the worst was Q1 2023 (a drop of 45.61 percentage points).
- Per Business Quant data, MGNI's Gross Margin in the three quarters before Q2 2026 was 63.25% (Q1 2026), 66.15% (Q4 2025) and 61.36% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,180.92 Bn | 3,938.44 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,847.76 Bn | 1,550.28 Bn | 49.47 Bn | 81.37% |
| 3 | Netflix | 289.73 Bn | 249.92 Bn | 6.52 Bn | 51.93% |
| 4 | Alibaba Group Holding | 249.81 Bn | 67.68 Bn | 15.11 Bn | 38.11% |
| 5 | Shopify | 192.08 Bn | 169.26 Bn | 1.71 Bn | 47.67% |
| 6 | Uber Technologies | 139.76 Bn | 111.74 Bn | 6.38 Bn | 44.93% |
| 7 | Booking Holdings | 122.41 Bn | 55.46 Bn | - | - |
| 8 | PDD Holdings | 110.94 Bn | -140.99 Bn | 9.45 Bn | 57.06% |
| 9 | Spotify Technology | 100.32 Bn | 57.56 Bn | 1.86 Bn | 33.41% |
| 10 | Magnite | 3.62 Bn | 2.07 Bn | 130.79 Mn | 67.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 67.83% |
| Mar 31, 2026 | 63.25% |
| Dec 31, 2025 | 66.15% |
| Sep 30, 2025 | 61.36% |
| Jun 30, 2025 | 62.53% |
| Mar 31, 2025 | 59.69% |
| Dec 31, 2024 | 65.05% |
| Sep 30, 2024 | 61.39% |
| Jun 30, 2024 | 61.56% |
| Mar 31, 2024 | 55.86% |
| Dec 31, 2023 | 62.54% |
| Sep 30, 2023 | 43.45% |
| Jun 30, 2023 | 14.66% |
| Mar 31, 2023 | 4.09% |
| Dec 31, 2022 | 36.71% |
| Sep 30, 2022 | 50.79% |
| Jun 30, 2022 | 52.82% |
| Mar 31, 2022 | 49.70% |
| Dec 31, 2021 | 58.56% |
| Sep 30, 2021 | 51.82% |
API Access
Magnite Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=MGNI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "MGNI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=MGNI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();