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 | 4,109.95 Bn | 3,867.48 Bn | 73.85 Bn | 19.14% |
| 2 | Netflix | 282.52 Bn | 242.72 Bn | 6.52 Bn | 16.40% |
| 3 | Alibaba Group Holding | 249.53 Bn | 67.40 Bn | 15.11 Bn | - |
| 4 | Shopify | 193.10 Bn | 170.29 Bn | 1.71 Bn | 15.38% |
| 5 | Uber Technologies | 138.52 Bn | 110.49 Bn | 6.38 Bn | 25.63% |
| 6 | Booking Holdings | 120.43 Bn | 53.48 Bn | - | 23.83% |
| 7 | PDD Holdings | 108.89 Bn | -143.04 Bn | 9.45 Bn | - |
| 8 | Spotify Technology | 101.14 Bn | 58.37 Bn | 1.86 Bn | 24.31% |
| 9 | Airbnb | 94.68 Bn | 47.91 Bn | 2.98 Bn | 9.03% |
| 10 | PubMatic | 870.91 Mn | 306.46 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();