PubMatic (PUBM) Net Margin (2020 - 2026)
PubMatic's (PUBM) quarterly Net Margin came in at 1.55% in Q2 2026, up 572.0% year-over-year from 0.23% in Q2 2025, and up 92.24% quarter-over-quarter from 19.99% in Q1 2026.
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PubMatic (PUBM) Net Margin (2020 - 2026) Analysis & Trends
PubMatic (PUBM) has reported Net Margin for 7 consecutive years, with 1.55% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin rose 572.0% year-over-year to 1.55% in Q2 2026; TTM through Jun 2026 was 4.67%, a 409.0% decrease from a year earlier, with the FY2025 full-year figure at 5.11%, down 940.0% from the prior year.
- Net Margin was 1.55% for Q2 2026 at PubMatic, up from 19.99% in the prior quarter.
- Over five years, Net Margin peaked at 22.11% in Q4 2023 and troughed at 19.99% in Q1 2026.
- A 5-year average of 1.01% and a median of 0.75% in 2023 frame the typical range for Net Margin.
- Across the five-year window, Net Margin tumbled 2144 bps in 2023 and surged 1197 bps in 2024, its largest moves.
- Over 5 years, Net Margin stood at 17.2% in 2022, then grew by 29 bps to 22.11% in 2023, then decreased by 26 bps to 16.26% in 2024, then sank by 49 bps to 8.35% in 2025, then sank by 119 bps to 1.55% in 2026.
- The last three Net Margin figures came in at 1.55% (Q2 2026), 19.99% (Q1 2026), and 8.35% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,074.35 Bn | 3,645.31 Bn | 73.85 Bn | 93.58% |
| 2 | AppLovin | 107.48 Bn | 104.43 Bn | 1.70 Bn | 65.84% |
| 3 | Trade Desk | 6.78 Bn | 5.29 Bn | 530.72 Mn | 9.01% |
| 4 | Magnite | 3.46 Bn | 3.13 Bn | 130.79 Mn | 10.03% |
| 5 | DoubleVerify Holdings | 2.07 Bn | 1.86 Bn | 161.31 Mn | 6.66% |
| 6 | Digital Turbine | 1.28 Bn | 1.24 Bn | - | - |
| 7 | Quinstreet | 1.06 Bn | 929.83 Mn | 49.81 Mn | 5.11% |
| 8 | Taboola.com | 972.14 Mn | 839.09 Mn | 139.48 Mn | 0.91% |
| 9 | Mntn | 960.26 Mn | 722.98 Mn | 66.30 Mn | 8.14% |
| 10 | PubMatic | 749.22 Mn | 611.71 Mn | 52.72 Mn | -1.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.55% |
| Mar 31, 2026 | -19.99% |
| Dec 31, 2025 | 8.35% |
| Sep 30, 2025 | -9.49% |
| Jun 30, 2025 | -7.27% |
| Mar 31, 2025 | -14.86% |
| Dec 31, 2024 | 16.26% |
| Sep 30, 2024 | -1.29% |
| Jun 30, 2024 | 2.93% |
| Mar 31, 2024 | -3.68% |
| Dec 31, 2023 | 22.11% |
| Sep 30, 2023 | 2.79% |
| Jun 30, 2023 | -9.04% |
| Mar 31, 2023 | -10.55% |
| Dec 31, 2022 | 17.20% |
| Sep 30, 2022 | 5.15% |
| Jun 30, 2022 | 12.40% |
| Mar 31, 2022 | 8.76% |
| Dec 31, 2021 | 37.38% |
| Sep 30, 2021 | 23.28% |