PubMatic (PUBM) FCF Margin (2020 - 2026)
PubMatic's (PUBM) quarterly FCF Margin came in at 21.14% in Q2 2026, up 623.0% year-over-year from 2.92% in Q2 2025, and up 23.45% quarter-over-quarter from 17.13% in Q1 2026.
Analysis
PubMatic (PUBM) FCF Margin (2020 - 2026) Analysis & Trends
PubMatic (PUBM) has reported FCF Margin for 7 consecutive years, with 21.14% the latest figure, recorded in Q2 2026.
- On a quarterly basis, FCF Margin rose 623.0% year-over-year to 21.14% in Q2 2026; TTM through Jun 2026 was 23.7%, a 757.0% increase from a year earlier, with the FY2025 full-year figure at 21.4%, up 338.0% from the prior year.
- FCF Margin was 21.14% for Q2 2026 at PubMatic, up from 17.13% in the prior quarter.
- Over five years, FCF Margin peaked at 40.41% in Q3 2025 and troughed at 11.37% in Q2 2024.
- A 5-year average of 20.61% and a median of 19.19% in 2023 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin slumped 1545 bps in 2023 and surged 2007 bps in 2025, its largest moves.
- Over 5 years, FCF Margin stood at 14.07% in 2022, then jumped by 108 bps to 29.21% in 2023, then slumped by 47 bps to 15.41% in 2024, then increased by 11 bps to 17.17% in 2025, then gained by 23 bps to 21.14% in 2026.
- The last three FCF Margin figures came in at 21.14% (Q2 2026), 17.13% (Q1 2026), and 17.17% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,074.35 Bn | 3,645.31 Bn | 73.85 Bn | -4.89% |
| 2 | AppLovin | 107.48 Bn | 104.43 Bn | 1.70 Bn | 45.18% |
| 3 | Trade Desk | 6.78 Bn | 5.29 Bn | 530.72 Mn | 19.63% |
| 4 | Magnite | 3.46 Bn | 3.13 Bn | 130.79 Mn | 90.49% |
| 5 | DoubleVerify Holdings | 2.07 Bn | 1.86 Bn | 161.31 Mn | 33.92% |
| 6 | Digital Turbine | 1.28 Bn | 1.24 Bn | - | - |
| 7 | Quinstreet | 1.06 Bn | 929.83 Mn | 49.81 Mn | 13.47% |
| 8 | Taboola.com | 972.14 Mn | 839.09 Mn | 139.48 Mn | 3.63% |
| 9 | Mntn | 960.26 Mn | 722.98 Mn | 66.30 Mn | 28.30% |
| 10 | PubMatic | 749.22 Mn | 611.71 Mn | 52.72 Mn | 21.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.14% |
| Mar 31, 2026 | 17.13% |
| Dec 31, 2025 | 17.17% |
| Sep 30, 2025 | 40.41% |
| Jun 30, 2025 | 14.92% |
| Mar 31, 2025 | 13.70% |
| Dec 31, 2024 | 15.41% |
| Sep 30, 2024 | 20.33% |
| Jun 30, 2024 | 11.37% |
| Mar 31, 2024 | 25.58% |
| Dec 31, 2023 | 29.21% |
| Sep 30, 2023 | 31.47% |
| Jun 30, 2023 | 18.84% |
| Mar 31, 2023 | 12.19% |
| Dec 31, 2022 | 14.07% |
| Sep 30, 2022 | 20.92% |
| Jun 30, 2022 | 19.54% |
| Mar 31, 2022 | 27.64% |
| Dec 31, 2021 | 27.65% |
| Sep 30, 2021 | 26.51% |