Match (MTCH) Operating Margin (2009 - 2026)

Match (MTCH) posted Operating Margin of 27.37% for Q1 2026, down 15.6% sequentially from 32.42% in Q4 2025, and up 660.0% YoY from 3.6% in Q1 2025.

Match (MTCH) Operating Margin (2009 - 2026) Analysis & Trends

Match has reported Operating Margin for 18 years, with the latest figure at 27.37% in Q1 2026.

Quarterly Operating Margin rose 660.0% year-over-year to 27.37% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 26.6% (up 310.0% YoY) and the FY2025 annual result came in at 25.02%, up 136.0% from the prior year.
Operating Margin slipped to 27.37% in Q1 2026 per MTCH's latest filing, from 32.42% in the prior quarter.
Over five years, Operating Margin peaked at 32.42% in Q4 2025 and troughed at 1.27% in Q2 2022.
A 5-year average of 23.23% and a median of 25.19% in 2023 frame the typical range for Operating Margin.
The sharpest annual moves came in 2022 and 2023: Operating Margin sank 3093 bps in 2022, then jumped 2716 bps in 2023.
Over 5 years, Operating Margin stood at 13.56% in 2022, then jumped by 122 bps to 30.04% in 2023, then dropped by 14 bps to 25.97% in 2024, then rose by 25 bps to 32.42% in 2025, then decreased by 16 bps to 27.37% in 2026.
According to Business Quant data, Operating Margin over the past three periods registered 27.37%, 32.42%, and 24.21% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Operating Margin (Qtr)
1	Alphabet	4,239.24 Bn	3,810.20 Bn	73.85 Bn	34.03%
2	Meta Platforms	1,536.10 Bn	1,445.84 Bn	49.47 Bn	30.88%
3	Taboola.com	1,139.07 Bn	1,138.93 Bn	139.48 Mn	1.52%
4	Baidu	289.49 Bn	284.99 Bn	1.88 Mn	10.65%
5	Spotify Technology	102.84 Bn	92.60 Bn	1.75 Bn	23.32%
6	Joyy	77.82 Bn	76.94 Bn	205.64 Mn	3.14%
7	BILI Social International	60.58 Bn	60.58 Bn	405,933.00	18.99%
8	Nebius	49.20 Bn	39.58 Bn	295.20 Mn	-32.08%
9	Reddit	30.50 Bn	27.72 Bn	734.60 Mn	28.79%
10	Match	8.59 Bn	8.01 Bn	648.84 Mn	28.77%

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