SEMrush Holdings (SEMR) Operating Margin (2020 - 2025)
SEMrush Holdings (SEMR) reported Operating Margin of 11.82% for Q4 2025, down 1351.0% on a YoY basis from 0.94% in Q4 2024, and down 194.95% quarter-over-quarter from 4.01% in Q3 2025.
SEMrush Holdings (SEMR) Operating Margin (2020 - 2025) Analysis & Trends
SEMrush Holdings has reported Operating Margin for 6 years, with the latest figure at 11.82% in Q4 2025.
- For the quarter ending Q4 2025, Operating Margin fell 1351.0% year-over-year to 11.82%; the trailing twelve-month figure through Dec 2025 stood at 5.14% (down 735.0% YoY), and the FY2025 full-year result was 5.14%, down 735.0% from the prior year.
- Operating Margin for Q4 2025 stood at 11.82%, down from 4.01% in the prior quarter.
- The five-year high for Operating Margin was 3.77% in Q1 2021, with the low at 22.2% in Q4 2022.
- Historically, Operating Margin has averaged 4.09% across 5 years, with a median of 1.89% in 2023.
- Annual changes were most pronounced in 2022 — Operating Margin sank 1541 bps — and 2023, when it soared 2542 bps.
- SEMrush Holdings' Operating Margin stood at 6.8% in 2021, then sank by 227 bps to 22.2% in 2022, then soared by 114 bps to 3.22% in 2023, then tumbled by 47 bps to 1.7% in 2024, then sank by 797 bps to 11.82% in 2025.
- The last three Operating Margin figures came in at 11.82% (Q4 2025), 4.01% (Q3 2025), and 3.99% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 12.05% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 21.08% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 29.26% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 13.34% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -22.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 33.82% |
| 10 | SEMrush Holdings | 1.78 Bn | 1.52 Bn | 94.55 Mn | -11.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -11.82% |
| Sep 30, 2025 | -4.01% |
| Jun 30, 2025 | -3.99% |
| Mar 31, 2025 | -0.07% |
| Dec 31, 2024 | 1.70% |
| Sep 30, 2024 | 1.75% |
| Jun 30, 2024 | 3.73% |
| Mar 31, 2024 | 1.71% |
| Dec 31, 2023 | 3.22% |
| Sep 30, 2023 | 3.49% |
| Jun 30, 2023 | -3.12% |
| Mar 31, 2023 | -15.19% |
| Dec 31, 2022 | -22.20% |
| Sep 30, 2022 | -15.59% |
| Jun 30, 2022 | -13.19% |
| Mar 31, 2022 | -4.53% |
| Dec 31, 2021 | -6.80% |
| Sep 30, 2021 | -0.67% |
| Jun 30, 2021 | -0.03% |
| Mar 31, 2021 | 3.77% |