PubMatic (PUBM) Net Margin (2020 - 2026)
PubMatic (PUBM) posted quarterly Net Margin of 19.99% for Q1 2026, down 507.0% year-over-year from 4.91% in Q1 2025, and down 339.24% quarter-over-quarter from 8.36% in Q4 2025.
PubMatic (PUBM) Net Margin (2020 - 2026) Analysis & Trends
PubMatic (PUBM) has reported Net Margin for 7 consecutive years, with 19.99% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin fell 507.0% year-over-year to 19.99%; the TTM figure through Mar 2026 stood at 6.19% (down 808.0% YoY), while the FY2025 annual figure was 5.11%, down 940.0% from the prior year.
- Net Margin declined 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 22.11% in Q4 2023 and bottomed at 19.99% in Q1 2026.
- Historically, Net Margin has averaged 1.16% across 5 years, with a median of 2.8% in 2023.
- Annual changes were most pronounced in 2023 — Net Margin plunged 2137 bps — and 2024, when it jumped 1192 bps.
- PubMatic's Net Margin stood at 17.2% in 2022, then rose by 29 bps to 22.11% in 2023, then dropped 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.
- Business Quant data shows PUBM's Net Margin at 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 | 255.48 Bn | 234.41 Bn | 16.51 Bn | 21.16% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 41.92% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 18.93% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 17.17% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 7.47% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -21.25% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 17.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 25.87% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 35.80% |
| 10 | PubMatic | 798.71 Mn | 661.20 Mn | 52.72 Mn | -1.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -1.55% |
| 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% |