PubMatic (PUBM) Net Margin (2020 - 2026)
PubMatic's (PUBM) quarterly Net Margin came in at 19.99% in Q1 2026, down 507.0% year-on-year from 4.91% in Q1 2025, and down 339.24% on a QoQ basis from 8.36% in Q4 2025.
PubMatic (PUBM) Net Margin (2020 - 2026) Analysis & Trends
PubMatic (PUBM) has 7 years of Net Margin data on file, last reported at 19.99% in Q1 2026.
- On a quarterly basis, Net Margin fell 507.0% year-over-year to 19.99% in Q1 2026; TTM through Mar 2026 was 6.19%, a 808.0% decrease from a year earlier, with the FY2025 full-year figure at 5.11%, down 940.0% from the prior year.
- Net Margin for Q1 2026 stood at 19.99%, down from 8.36% in the prior quarter.
- Over the last five years, Net Margin for PUBM reached as high as 22.11% in Q4 2023 and fell as low as 19.99% in Q1 2026.
- Historically, Net Margin has averaged 1.16% across 5 years, with a median of 2.8% in 2023.
- Across the five-year window, Net Margin slumped 2137 bps in 2023 and surged 1192 bps in 2024, its largest moves.
- Year by year, Net Margin stood at 17.2% in 2022, then advanced by 29 bps to 22.11% in 2023, then fell by 26 bps to 16.26% in 2024, then sank by 49 bps to 8.36% in 2025, then plunged by 339 bps to 19.99% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 19.99% in Q1 2026, 8.36% in Q4 2025, and 9.49% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | -18.33% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 2.29% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 18.93% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 7.47% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 22.90% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -21.25% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 22.77% |
| 10 | PubMatic | 579.58 Mn | 434.70 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 | -9.49% |
| Jun 30, 2025 | -7.27% |
| Mar 31, 2025 | -14.92% |
| Dec 31, 2024 | 16.26% |
| Sep 30, 2024 | -1.27% |
| Jun 30, 2024 | 2.95% |
| Mar 31, 2024 | -3.75% |
| Dec 31, 2023 | 22.11% |
| Sep 30, 2023 | 2.80% |
| Jun 30, 2023 | -8.97% |
| Mar 31, 2023 | -10.60% |
| Dec 31, 2022 | 17.20% |
| Sep 30, 2022 | 5.16% |
| 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% |