PubMatic (PUBM) Gross Margin (2020 - 2026)

PubMatic (PUBM) has 7 years of Gross Margin data on file, last reported at 58.29% in Q1 2026.

• On a quarterly basis, Gross Margin fell 161.0% year-over-year to 58.29% in Q1 2026; TTM through Mar 2026 was 63.22%, a 169.0% decrease from a year earlier, with the FY2025 full-year figure at 63.56%, down 175.0% from the prior year.
• Gross Margin for Q1 2026 stood at 58.29%, down from 68.17% in the prior quarter.
• Over the last five years, Gross Margin for PUBM reached as high as 71.39% in Q4 2023 and fell as low as 56.93% in Q1 2023.
• Historically, Gross Margin has averaged 64.21% across 5 years, with a median of 62.62% in 2025.
• Across the five-year window, Gross Margin tumbled 1009 bps in 2023 and surged 544 bps in 2024, its largest moves.
• Year by year, Gross Margin stood at 69.1% in 2022, then increased by 3 bps to 71.39% in 2023, then decreased by 1 bps to 70.84% in 2024, then decreased by 4 bps to 68.17% in 2025, then fell by 14 bps to 58.29% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 58.29% in Q1 2026, 68.17% in Q4 2025, and 62.62% in Q3 2025.