PubMatic (PUBM) Tax Rate (2020 - 2026)

PubMatic's (PUBM) quarterly Tax Rate came in at 17.21% in Q1 2026, up 132.0% year-on-year from 7.42% in Q1 2025, and down 43.19% on a QoQ basis from 30.3% in Q4 2025.

PubMatic (PUBM) Tax Rate (2020 - 2026) Analysis & Trends

PubMatic (PUBM) has 7 years of Tax Rate data on file, last reported at 17.21% in Q1 2026.

  • On a quarterly basis, Tax Rate rose 132.0% year-over-year to 17.21% in Q1 2026; TTM through Mar 2026 was 11.65%, a 2885.0% decrease from a year earlier, with the FY2025 full-year figure at 9.35%, down 2030.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 17.21%, down from 30.3% in the prior quarter.
  • Over the last five years, Tax Rate for PUBM reached as high as 36.5% in Q1 2023 and fell as low as 179.75% in Q3 2024.
  • Historically, Tax Rate has averaged 6.77% across 5 years, with a median of 18.85% in 2023.
  • Across the five-year window, Tax Rate tumbled 18506 bps in 2024 and soared 20067 bps in 2025, its largest moves.
  • Year by year, Tax Rate stood at 23.99% in 2022, then fell by 21 bps to 18.85% in 2023, then jumped by 30 bps to 24.54% in 2024, then gained by 23 bps to 30.3% in 2025, then plunged by 43 bps to 17.21% in 2026.
  • Per Business Quant data, the three most recent Tax Rate figures were 17.21% in Q1 2026, 30.3% in Q4 2025, and 20.91% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -29.13%
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -18.42%
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 8.36%
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 39.11%
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 22.57%
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 31.96%
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 23.68%
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 0.37%
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 21.59%
10 PubMatic 579.58 Mn 434.70 Mn 36.47 Mn 17.21%

Historic Data

Download Data
DateValue
Mar 31, 2026 17.21%
Mar 31, 2026 17.21%
Mar 31, 2026 17.21%
Dec 31, 2025 30.30%
Dec 31, 2025 30.30%
Dec 31, 2025 30.30%
Sep 30, 2025 20.91%
Sep 30, 2025 20.91%
Sep 30, 2025 20.91%
Jun 30, 2025 14.83%
Jun 30, 2025 14.83%
Jun 30, 2025 14.83%
Mar 31, 2025 15.90%
Mar 31, 2025 15.90%
Mar 31, 2025 15.90%
Dec 31, 2024 24.54%
Dec 31, 2024 24.54%
Dec 31, 2024 24.54%
Sep 30, 2024 -179.75%
Sep 30, 2024 -179.75%