PubMatic (PUBM) Net Margin (2020 - 2026)
PubMatic (PUBM) reported Net Margin of 19.99% for Q1 2026, down 513.0% year-over-year from 4.84% in Q1 2025, and down 339.24% on a QoQ basis from 8.36% in Q4 2025.
PubMatic (PUBM) has 7 years of Net Margin data on file, last reported at 19.99% in Q1 2026.
- Quarterly Net Margin fell 513.0% year-over-year to 19.99% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 6.19% (down 807.0% YoY) and the FY2025 annual result came in at 5.11%, down 940.0% from the prior year.
- Net Margin slipped to 19.99% in Q1 2026 per PUBM's latest filing, from 8.36% in the prior quarter.
- Across five years, Net Margin topped out at 22.13% in Q4 2023 and bottomed at 19.99% in Q1 2026.
- The 5-year median for Net Margin is 2.8% (2023), against an average of 1.16%.
- The widest annual swing landed in 2023, when Net Margin slumped 2137 bps; it then surged 1192 bps in 2024.
- Tracing PUBM's Net Margin over 5 years: stood at 17.2% in 2022, then increased by 29 bps to 22.13% in 2023, then slipped by 27 bps to 16.2% in 2024, then slumped by 48 bps to 8.36% in 2025, then sank by 339 bps to 19.99% in 2026.
- Per Business Quant, the three latest PUBM Net Margin figures stand at 19.99% (Q1 2026), 8.36% (Q4 2025), and 9.5% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 20.22% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 17.47% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 2.29% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | -18.33% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 12.44% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 22.77% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 29.52% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 22.90% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 35.80% |
| 10 | PubMatic | 488.16 Mn | 343.29 Mn | 36.47 Mn | -19.99% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -19.99% |
| Dec 31, 2025 | 8.36% |
| Sep 30, 2025 | -9.50% |
| Jun 30, 2025 | -7.27% |
| Mar 31, 2025 | -14.86% |
| Dec 31, 2024 | 16.20% |
| Sep 30, 2024 | -1.29% |
| Jun 30, 2024 | 2.95% |
| Mar 31, 2024 | -3.75% |
| Dec 31, 2023 | 22.13% |
| Sep 30, 2023 | 2.80% |
| Jun 30, 2023 | -8.97% |
| Mar 31, 2023 | -10.55% |
| Dec 31, 2022 | 17.20% |
| Sep 30, 2022 | 5.15% |
| Jun 30, 2022 | 12.40% |
| Mar 31, 2022 | 8.77% |
| Dec 31, 2021 | 37.37% |
| Sep 30, 2021 | 23.28% |
| Jun 30, 2021 | 19.98% |
| Mar 31, 2021 | 11.28% |
| Dec 31, 2020 | 33.47% |
| Sep 30, 2020 | 16.54% |
| Jun 30, 2020 | 2.42% |
| Mar 31, 2020 | 3.19% |