PubMatic (PUBM) FCF Margin (2020 - 2026)
PubMatic (PUBM) posted quarterly FCF Margin of 26.59% for Q1 2026, up 317.0% year-over-year from 6.38% in Q1 2025, and up 88.89% quarter-over-quarter from 14.08% in Q4 2025.
PubMatic (PUBM) FCF Margin (2020 - 2026) Analysis & Trends
PubMatic (PUBM) has reported FCF Margin for 7 consecutive years, with 26.59% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin rose 317.0% year-over-year to 26.59%; the TTM figure through Mar 2026 stood at 24.29% (up 901.0% YoY), while the FY2025 annual figure was 23.58%, up 556.0% from the prior year.
- FCF Margin advanced to 26.59% in Q1 2026 per PUBM's latest filing, from 14.08% in the prior quarter.
- Across five years, FCF Margin topped out at 53.12% in Q3 2025 and bottomed at 6.19% in Q2 2025.
- Historically, FCF Margin has averaged 24.9% across 5 years, with a median of 23.42% in 2025.
- Annual changes were most pronounced in 2022 — FCF Margin sank 2478 bps — and 2025, when it jumped 4244 bps.
- PubMatic's FCF Margin stood at 36.56% in 2022, then slipped by 20 bps to 29.21% in 2023, then slumped by 58 bps to 12.14% in 2024, then rose by 16 bps to 14.08% in 2025, then surged by 89 bps to 26.59% in 2026.
- Business Quant data shows PUBM's FCF Margin at 26.59% in Q1 2026, 14.08% in Q4 2025, and 53.12% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 36.13% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 18.25% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 58.89% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 19.67% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 11.86% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 16.73% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 24.76% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 31.84% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 61.18% |
| 10 | PubMatic | 798.71 Mn | 661.20 Mn | 52.72 Mn | 21.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 21.14% |
| Mar 31, 2026 | 26.59% |
| Dec 31, 2025 | 14.08% |
| Sep 30, 2025 | 53.12% |
| Jun 30, 2025 | 6.19% |
| Mar 31, 2025 | 23.42% |
| Dec 31, 2024 | 12.14% |
| Sep 30, 2024 | 10.68% |
| Jun 30, 2024 | 16.45% |
| Mar 31, 2024 | 35.05% |
| Dec 31, 2023 | 29.21% |
| Sep 30, 2023 | 18.54% |
| Jun 30, 2023 | 24.60% |
| Mar 31, 2023 | 20.46% |
| Dec 31, 2022 | 36.56% |
| Sep 30, 2022 | 39.15% |
| Jun 30, 2022 | 21.96% |
| Mar 31, 2022 | 35.13% |
| Dec 31, 2021 | -1.11% |
| Sep 30, 2021 | 63.93% |