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% quarter-over-quarter 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.
- Net Margin for Q1 2026 came in at 19.99%, down 513.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 6.19% (down 807.0% YoY), and the FY2025 annual result was 5.11%, down 940.0% from the prior year.
- Net Margin retreated to 19.99% in Q1 2026 per PUBM's latest filing, from 8.36% in the prior quarter.
- Over five years, Net Margin peaked at 22.13% in Q4 2023 and troughed at 19.99% in Q1 2026.
- A 5-year average of 1.16% and a median of 2.8% in 2023 frame the typical range for Net Margin.
- The sharpest annual moves came in 2023 and 2024: Net Margin plunged 2137 bps in 2023, then jumped 1192 bps in 2024.
- A 5-year view of Net Margin shows it stood at 17.2% in 2022, then gained by 29 bps to 22.13% in 2023, then declined by 27 bps to 16.2% in 2024, then plunged by 48 bps to 8.36% in 2025, then tumbled 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 9.5% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 2.29% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | -18.33% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 18.74% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 22.77% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 12.44% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 22.90% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 25.87% |
| 10 | PubMatic | 542.59 Mn | 397.71 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% |