Tucows (TCX) EBIT Margin (2010 - 2026)
Tucows (TCX) recorded EBIT Margin of -5.43% in Q2 2026, down 2.50 percentage points from -2.92% a year earlier and down 0.97 percentage points from the prior quarter.
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Analysis
Tucows (TCX) EBIT Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Tucows' EBIT Margin came in at -7.18% as of Jun 30, 2026, up 4.66 percentage points year-over-year; for FY2025, it was -6.02%, up 11.93 percentage points from FY2024.
- Annual EBIT Margin has a five-year change of -8.24 percentage points (FY2020 to FY2025).
- Across earlier years, EBIT Margin came in at -17.95% in FY2024 (+0.81 pp), -18.76% in FY2023 (-8.90 pp), -9.86% in FY2022 (-7.31 pp) and -2.55% in FY2021 (-4.78 pp).
- Quarterly EBIT Margin has ranged from -32.06% in Q4 2024 to -1.68% in Q4 2021 over the past five years.
- On a year-over-year basis, EBIT Margin rose in five of the last eight quarters, with an average year-over-year change of +4.76 percentage points.
- Peak year-over-year performance for EBIT Margin in the last five years was a gain of 22.95 percentage points in Q4 2025, against a drop of 15.51 percentage points in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at -4.46% (Q1 2026), -9.12% (Q4 2025) and -9.72% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,781.98 Bn | 3,705.13 Bn | 60.48 Bn | 45.11% |
| 2 | International Business Machines | 207.92 Bn | 158.82 Bn | 9.91 Bn | 15.24% |
| 3 | Cloudflare | 114.07 Bn | 97.60 Bn | 499.52 Mn | -29.55% |
| 4 | Equinix | 99.76 Bn | 88.32 Bn | 1.40 Bn | 25.33% |
| 5 | Nebius | 58.67 Bn | 32.10 Bn | 448.70 Mn | -30.21% |
| 6 | CoreWeave | 46.87 Bn | 33.97 Bn | 1.70 Bn | -1.90% |
| 7 | Verisign | 25.50 Bn | 22.71 Bn | 384.60 Mn | 68.18% |
| 8 | Nutanix | 18.59 Bn | 10.27 Bn | 651.35 Mn | 9.24% |
| 9 | Akamai Technologies | 15.65 Bn | 9.06 Bn | 613.75 Mn | 7.30% |
| 10 | Tucows | 107.03 Mn | -82.27 Mn | 25.78 Mn | -5.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -5.43% |
| Mar 31, 2026 | -4.46% |
| Dec 31, 2025 | -9.12% |
| Sep 30, 2025 | -9.72% |
| Jun 30, 2025 | -2.92% |
| Mar 31, 2025 | -2.15% |
| Dec 31, 2024 | -32.06% |
| Sep 30, 2024 | -10.89% |
| Jun 30, 2024 | -9.61% |
| Mar 31, 2024 | -18.89% |
| Dec 31, 2023 | -18.52% |
| Sep 30, 2023 | -19.74% |
| Jun 30, 2023 | -15.42% |
| Mar 31, 2023 | -21.49% |
| Dec 31, 2022 | -16.47% |
| Sep 30, 2022 | -12.02% |
| Jun 30, 2022 | -5.34% |
| Mar 31, 2022 | -5.98% |
| Dec 31, 2021 | -1.68% |
| Sep 30, 2021 | -4.25% |
API Access
Tucows EBIT 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=ebit-margin&ticker=TCX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "ticker": "TCX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebit-margin&ticker=TCX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();