PubMatic (PUBM) FCF Margin (2020 - 2026)

PubMatic's (PUBM) quarterly FCF Margin came in at 26.59% in Q1 2026, up 317.0% year-on-year from 6.38% in Q1 2025, and up 88.89% on a QoQ basis from 14.08% in Q4 2025.

PubMatic (PUBM) FCF Margin (2020 - 2026) Analysis & Trends

PubMatic (PUBM) has 7 years of FCF Margin data on file, last reported at 26.59% in Q1 2026.

  • On a quarterly basis, FCF Margin rose 317.0% year-over-year to 26.59% in Q1 2026; TTM through Mar 2026 was 24.29%, a 901.0% increase from a year earlier, with the FY2025 full-year figure at 23.58%, up 556.0% from the prior year.
  • FCF Margin for Q1 2026 stood at 26.59%, up from 14.08% in the prior quarter.
  • Over the last five years, FCF Margin for PUBM reached as high as 53.12% in Q3 2025 and fell as low as 6.19% in Q2 2025.
  • Historically, FCF Margin has averaged 24.9% across 5 years, with a median of 23.42% in 2025.
  • Across the five-year window, FCF Margin tumbled 2478 bps in 2022 and surged 4244 bps in 2025, its largest moves.
  • Year by year, FCF Margin stood at 36.56% in 2022, then declined by 20 bps to 29.21% in 2023, then slumped by 58 bps to 12.14% in 2024, then advanced by 16 bps to 14.08% in 2025, then jumped by 89 bps to 26.59% in 2026.
  • Per Business Quant data, the three most recent FCF Margin figures were 26.59% in Q1 2026, 14.08% in Q4 2025, and 53.12% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn 39.26%
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 15.02%
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 17.31%
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 58.89%
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 11.86%
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 36.83%
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 16.73%
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 20.82%
10 PubMatic 579.58 Mn 434.70 Mn 36.47 Mn 26.59%

Historic Data

Download Data
DateValue
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%
Jun 30, 2021 19.21%