PubMatic (PUBM) Net Margin (2020 - 2026)
PubMatic's Net Margin came in at -1.53% for Q2 2026, up 5.80 percentage points from -7.33% a year earlier and up 18.47 percentage points from the prior quarter.
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Analysis
PubMatic (PUBM) Net Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, PubMatic reported Net Margin of -4.66%, down 4.08 percentage points year-over-year; for FY2025, it was -5.11%, down 9.40 percentage points from FY2024.
- Net Margin carries a five-year change of -23.00 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 4.29% in FY2024 (+0.97 pp), 3.33% in FY2023 (-7.87 pp), 11.20% in FY2022 (-13.75 pp) and 24.95% in FY2021 (+7.05 pp).
- The five-year range for quarterly Net Margin is -19.99% (Q1 2026) to 37.37% (Q4 2021).
- Year-over-year, Net Margin increased in 1 of the last eight quarters, with an average year-over-year change of -5.85 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q2 2024 (a gain of 11.97 percentage points), and the weakest in Q2 2023 (a drop of 21.44 percentage points).
- Business Quant data shows PUBM's Net Margin at -19.99% (Q1 2026), 8.35% (Q4 2025) and -9.49% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,505.75 Bn | 3,240.65 Bn | 76.16 Bn | 20.51% |
| 2 | Meta Platforms | 1,636.37 Bn | 1,300.89 Bn | 51.23 Bn | 15.26% |
| 3 | Netflix | 264.79 Bn | 226.09 Bn | 6.80 Bn | 28.46% |
| 4 | Alibaba Group Holding | 244.49 Bn | 58.13 Bn | 15.16 Bn | 3.92% |
| 5 | Shopify | 196.00 Bn | 174.81 Bn | 1.78 Bn | 12.35% |
| 6 | Uber Technologies | 145.16 Bn | 115.98 Bn | 6.42 Bn | 3.47% |
| 7 | AppLovin | 136.87 Bn | 125.40 Bn | 1.94 Bn | 65.86% |
| 8 | Spotify Technology | 125.04 Bn | 81.96 Bn | 1.89 Bn | 10.42% |
| 9 | Booking Holdings | 122.68 Bn | 56.42 Bn | - | 30.55% |
| 10 | PubMatic | 876.01 Mn | 311.57 Mn | 52.72 Mn | -1.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.53% |
| Mar 31, 2026 | -19.99% |
| Dec 31, 2025 | 8.35% |
| Sep 30, 2025 | -9.49% |
| Jun 30, 2025 | -7.33% |
| Mar 31, 2025 | -14.86% |
| Dec 31, 2024 | 16.26% |
| Sep 30, 2024 | -1.27% |
| 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 | -10.60% |
| Dec 31, 2022 | 17.20% |
| Sep 30, 2022 | 5.16% |
| Jun 30, 2022 | 12.40% |
| Mar 31, 2022 | 8.76% |
| Dec 31, 2021 | 37.37% |
| Sep 30, 2021 | 23.29% |
API Access
PubMatic Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=PUBM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "PUBM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=PUBM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();