Pinterest (PINS) Net Margin (2018 - 2026)
Pinterest's Net Margin was -3.96% in Q2 2026, down 7.84 percentage points from 3.88% a year earlier but up 3.35 percentage points from the prior quarter.
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Analysis
Pinterest (PINS) Net Margin (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Pinterest's Net Margin was 5.46% through Jun 30, 2026, down 43.84 percentage points year-over-year; for FY2025, it came in at 9.87%, down 41.20 percentage points from FY2024.
- Net Margin shows a five-year change of +17.46 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 51.07% in FY2024 (+52.24 pp), -1.17% in FY2023 (+2.26 pp), -3.43% in FY2022 (-15.70 pp) and 12.27% in FY2021 (+19.86 pp).
- Quarterly Net Margin has moved between -34.61% (Q1 2023) and 160.08% (Q4 2024) over five years.
- Compared with a year earlier, Net Margin has declined for three straight quarters, with an average year-over-year change of -0.07 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was Q4 2024 (a gain of 139.57 percentage points); the worst was Q4 2025 (a drop of 139.07 percentage points).
- Per Business Quant data, PINS's Net Margin in the three quarters before Q2 2026 was -7.30% (Q1 2026), 21.00% (Q4 2025) and 8.78% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,151.45 Bn | 3,908.98 Bn | 73.85 Bn | 93.58% |
| 2 | Meta Platforms | 1,760.82 Bn | 1,463.34 Bn | 49.47 Bn | 26.07% |
| 3 | Netflix | 292.52 Bn | 252.71 Bn | 6.52 Bn | 27.08% |
| 4 | Alibaba Group Holding | 251.82 Bn | 65.59 Bn | 15.11 Bn | 3.92% |
| 5 | Shopify | 227.13 Bn | 204.31 Bn | 1.71 Bn | 41.92% |
| 6 | Uber Technologies | 140.09 Bn | 111.89 Bn | 6.38 Bn | 16.87% |
| 7 | Booking Holdings | 125.46 Bn | 58.51 Bn | - | 26.52% |
| 8 | PDD Holdings | 113.86 Bn | -129.92 Bn | 9.45 Bn | 24.19% |
| 9 | Spotify Technology | 109.08 Bn | 66.58 Bn | 1.86 Bn | 11.41% |
| 10 | 12.90 Bn | 5.19 Bn | 922.30 Mn | -3.96% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -3.96% |
| Mar 31, 2026 | -7.30% |
| Dec 31, 2025 | 21.00% |
| Sep 30, 2025 | 8.78% |
| Jun 30, 2025 | 3.88% |
| Mar 31, 2025 | 1.04% |
| Dec 31, 2024 | 160.08% |
| Sep 30, 2024 | 3.40% |
| Jun 30, 2024 | 1.04% |
| Mar 31, 2024 | -3.35% |
| Dec 31, 2023 | 20.50% |
| Sep 30, 2023 | 0.88% |
| Jun 30, 2023 | -4.94% |
| Mar 31, 2023 | -34.61% |
| Dec 31, 2022 | 1.99% |
| Sep 30, 2022 | -9.52% |
| Jun 30, 2022 | -6.47% |
| Mar 31, 2022 | -0.92% |
| Dec 31, 2021 | 20.63% |
| Sep 30, 2021 | 14.85% |
API Access
Pinterest Net 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=net-margin&ticker=PINS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "PINS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=PINS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();