PubMatic (PUBM) FCF Margin (2020 - 2026)
PubMatic (PUBM) recorded FCF Margin of 21.95% in Q2 2026, up 2.87 percentage points from 19.08% a year earlier but down 5.67 percentage points from the prior quarter.
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Analysis
PubMatic (PUBM) FCF Margin (2020 - 2026) Analysis & Trends
On a TTM basis, PubMatic's FCF Margin came in at 25.42% as of Jun 30, 2026, up 8.69 percentage points year-over-year; for FY2025, it was 23.58%, up 4.41 percentage points from FY2024.
- Annual FCF Margin has a five-year change of +23.48 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at 19.17% in FY2024 (-7.24 pp), 26.41% in FY2023 (+6.38 pp), 20.03% in FY2022 (-5.64 pp) and 25.67% in FY2021 (+25.57 pp).
- Quarterly FCF Margin has ranged from 10.32% in Q3 2024 to 40.76% in Q3 2025 over the past five years.
- On a year-over-year basis, FCF Margin rose in four of the last eight quarters, with an average year-over-year change of -1.02 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 32.40 percentage points in Q4 2021, against a drop of 22.62 percentage points in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 27.62% (Q1 2026), 14.08% (Q4 2025) and 40.76% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,505.75 Bn | 3,240.65 Bn | 76.16 Bn | -7.11% |
| 2 | Meta Platforms | 1,636.37 Bn | 1,300.89 Bn | 51.23 Bn | -1.79% |
| 3 | Netflix | 264.79 Bn | 226.09 Bn | 6.80 Bn | 22.40% |
| 4 | Alibaba Group Holding | 244.49 Bn | 58.13 Bn | 15.16 Bn | 33.69% |
| 5 | Shopify | 196.00 Bn | 174.81 Bn | 1.78 Bn | 21.81% |
| 6 | Uber Technologies | 145.16 Bn | 115.98 Bn | 6.42 Bn | 17.17% |
| 7 | AppLovin | 136.87 Bn | 125.40 Bn | 1.94 Bn | 65.40% |
| 8 | Spotify Technology | 125.04 Bn | 81.96 Bn | 1.89 Bn | 15.01% |
| 9 | Booking Holdings | 122.68 Bn | 56.42 Bn | - | 12.02% |
| 10 | PubMatic | 876.01 Mn | 311.57 Mn | 52.72 Mn | 21.95% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.95% |
| Mar 31, 2026 | 27.62% |
| Dec 31, 2025 | 14.08% |
| Sep 30, 2025 | 40.76% |
| Jun 30, 2025 | 19.08% |
| Mar 31, 2025 | 22.22% |
| Dec 31, 2024 | 16.05% |
| Sep 30, 2024 | 10.32% |
| Jun 30, 2024 | 16.66% |
| Mar 31, 2024 | 35.22% |
| Dec 31, 2023 | 27.77% |
| Sep 30, 2023 | 32.94% |
| Jun 30, 2023 | 23.23% |
| Mar 31, 2023 | 20.46% |
| Dec 31, 2022 | 14.07% |
| Sep 30, 2022 | 20.92% |
| Jun 30, 2022 | 13.06% |
| Mar 31, 2022 | 35.13% |
| Dec 31, 2021 | 27.65% |
| Sep 30, 2021 | 26.51% |
API Access
PubMatic FCF 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=fcf-margin&ticker=PUBM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "PUBM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=PUBM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();