Match (MTCH) Operating Margin (2009 - 2026)
Match's (MTCH) quarterly Operating Margin came in at 27.37% in Q1 2026, up 660.0% year-on-year from 3.6% in Q1 2025, and down 15.6% quarter-over-quarter from 32.42% in Q4 2025.
Match (MTCH) Operating Margin (2009 - 2026) Analysis & Trends
Match has disclosed Operating Margin across 18 years of filings, most recently posting 27.37% for Q1 2026.
- Operating Margin for Q1 2026 came in at 27.37%, up 660.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 26.6% (up 310.0% YoY), and the FY2025 annual result was 25.02%, up 136.0% from the prior year.
- Operating Margin came in at 27.37% for Q1 2026 at Match, down from 32.42% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 32.42% in Q4 2025 to a low of 1.27% in Q2 2022.
- The 5-year median for Operating Margin is 25.19% (2023), against an average of 23.23%.
- Across the five-year window, Operating Margin sank 3093 bps in 2022 and surged 2716 bps in 2023, its largest moves.
- Match's Operating Margin stood at 13.56% in 2022, then surged by 122 bps to 30.04% in 2023, then decreased by 14 bps to 25.97% in 2024, then grew by 25 bps to 32.42% in 2025, then fell by 16 bps to 27.37% in 2026.
- The last three Operating Margin figures came in at 27.37% (Q1 2026), 32.42% (Q4 2025), and 24.21% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 2,430,078.11 Bn | 2,430,078.11 Bn | 295.20 Mn | -32.08% |
| 2 | Alphabet | 4,448.32 Bn | 4,232.70 Bn | 102.29 Bn | 36.12% |
| 3 | Meta Platforms | 1,465.06 Bn | 1,383.88 Bn | 46.09 Bn | 40.62% |
| 4 | Spotify Technology | 113.19 Bn | 102.95 Bn | 1.75 Bn | 15.77% |
| 5 | 33.56 Bn | 30.79 Bn | 511.94 Mn | 27.57% | |
| 6 | 12.93 Bn | 11.63 Bn | 768.96 Mn | -7.97% | |
| 7 | Kanzhun | 12.77 Bn | 10.67 Bn | 255.62 Bn | 30.14% |
| 8 | Match | 8.28 Bn | 7.26 Bn | 653.28 Mn | 27.37% |
| 9 | Snap | 7.91 Bn | 5.08 Bn | 1.29 Bn | -4.87% |
| 10 | Zillow | 7.56 Bn | 6.78 Bn | 519.00 Mn | 5.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 27.37% |
| Dec 31, 2025 | 32.42% |
| Sep 30, 2025 | 24.21% |
| Jun 30, 2025 | 22.45% |
| Mar 31, 2025 | 20.76% |
| Dec 31, 2024 | 25.97% |
| Sep 30, 2024 | 23.52% |
| Jun 30, 2024 | 23.67% |
| Mar 31, 2024 | 21.49% |
| Dec 31, 2023 | 30.04% |
| Sep 30, 2023 | 27.63% |
| Jun 30, 2023 | 25.89% |
| Mar 31, 2023 | 25.19% |
| Dec 31, 2022 | 13.56% |
| Sep 30, 2022 | 26.02% |
| Jun 30, 2022 | -1.27% |
| Mar 31, 2022 | 26.02% |
| Dec 31, 2021 | 28.77% |
| Sep 30, 2021 | 27.51% |
| Jun 30, 2021 | 29.66% |