PubMatic (PUBM) Gross Margin (2020 - 2026)

PubMatic (PUBM) has reported Gross Margin for 7 consecutive years, with 67.07% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Gross Margin rose 451.0% year-over-year to 67.07% in Q2 2026; TTM through Jun 2026 was 64.43%, a 44.0% decrease from a year earlier, with the FY2025 full-year figure at 63.56%, down 175.0% from the prior year.
• Gross Margin was 67.07% for Q2 2026 at PubMatic, up from 58.29% in the prior quarter.
• Over five years, Gross Margin peaked at 71.39% in Q4 2023 and troughed at 56.93% in Q1 2023.
• A 5-year average of 64.37% and a median of 63.54% in 2024 frame the typical range for Gross Margin.
• Across the five-year window, Gross Margin slumped 1009 bps in 2023 and soared 544 bps in 2024, its largest moves.
• Over 5 years, Gross Margin stood at 69.1% in 2022, then gained by 3 bps to 71.39% in 2023, then dropped by 1 bps to 70.84% in 2024, then dropped by 4 bps to 68.17% in 2025, then declined by 2 bps to 67.07% in 2026.
• The last three Gross Margin figures came in at 67.07% (Q2 2026), 58.29% (Q1 2026), and 68.17% (Q4 2025), per Business Quant data.