PubMatic (PUBM) Tax Rate (2020 - 2026)
PubMatic's Tax Rate was 164.81% in Q2 2026, up 149.98 percentage points from 14.83% a year earlier and up 147.59 percentage points from the prior quarter.
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Analysis
PubMatic (PUBM) Tax Rate (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, PubMatic's Tax Rate was -14.48% through Jun 30, 2026, down 354.91 percentage points year-over-year; for FY2025, it came in at 9.35%, down 20.30 percentage points from FY2024.
- Tax Rate shows a five-year change of -6.38 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 29.65% in FY2024 (+14.19 pp), 15.46% in FY2023 (-7.93 pp), 23.39% in FY2022 (+10.73 pp) and 12.65% in FY2021 (-3.08 pp).
- The Q2 2026 figure marks the highest quarterly Tax Rate in data going back to Q1 2020.
- Compared with a year earlier, Tax Rate has increased for four straight quarters, with an average year-over-year change of +22.76 percentage points over the last eight quarters.
- The best year-over-year quarter for Tax Rate over five years was Q3 2025 (a gain of 204.96 percentage points); the worst was Q3 2024 (a drop of 189.94 percentage points).
- Per Business Quant data, PUBM's Tax Rate in the three quarters before Q2 2026 was 17.21% (Q1 2026), 30.36% (Q4 2025) and 20.91% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,505.75 Bn | 3,240.65 Bn | 76.16 Bn | 18.20% |
| 2 | Meta Platforms | 1,636.37 Bn | 1,300.89 Bn | 51.23 Bn | 24.16% |
| 3 | Netflix | 264.79 Bn | 226.09 Bn | 6.80 Bn | 15.13% |
| 4 | Alibaba Group Holding | 244.49 Bn | 58.13 Bn | 15.16 Bn | - |
| 5 | Shopify | 196.00 Bn | 174.81 Bn | 1.78 Bn | 7.41% |
| 6 | Uber Technologies | 145.16 Bn | 115.98 Bn | 6.42 Bn | 28.54% |
| 7 | AppLovin | 136.87 Bn | 125.40 Bn | 1.94 Bn | 17.49% |
| 8 | Spotify Technology | 125.04 Bn | 81.96 Bn | 1.89 Bn | 26.52% |
| 9 | Booking Holdings | 122.68 Bn | 56.42 Bn | - | 20.63% |
| 10 | PubMatic | 876.01 Mn | 311.57 Mn | 52.72 Mn | 164.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 164.81% |
| Dec 31, 2025 | 30.36% |
| Dec 31, 2024 | 24.54% |
| Jun 30, 2024 | 17.29% |
| Dec 31, 2023 | 18.85% |
| Sep 30, 2023 | 5.89% |
| Dec 31, 2022 | 23.99% |
| Sep 30, 2022 | 29.64% |
| Jun 30, 2022 | 19.77% |
| Mar 31, 2022 | 22.69% |
| Dec 31, 2021 | 16.30% |
| Sep 30, 2021 | 5.58% |
| Mar 31, 2021 | 28.11% |
| Dec 31, 2020 | 13.20% |
| Sep 30, 2020 | 20.64% |
| Jun 30, 2020 | 13.57% |
| Mar 31, 2020 | 30.62% |
API Access
PubMatic Tax Rate 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=tax-rate&ticker=PUBM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=PUBM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();