Tucows (TCX) EBITDA Margin (2010 - 2026)
Tucows (TCX) posted EBITDA Margin of 18.87% for Q1 2026, up 14.02% quarter-over-quarter from 21.95% in Q4 2025, and down 351.0% year-on-year from 7.52% in Q1 2025.
Tucows (TCX) EBITDA Margin (2010 - 2026) Analysis & Trends
Tucows (TCX) has reported EBITDA Margin for 17 consecutive years, with 18.87% the latest figure, recorded in Q1 2026.
- EBITDA Margin for Q1 2026 came in at 18.87%, down 351.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 20.04% (up 684.0% YoY), and the FY2025 annual result was 19.19%, up 1187.0% from the prior year.
- EBITDA Margin was 18.87% for Q1 2026 at Tucows, up from 21.95% in the prior quarter.
- Over five years, EBITDA Margin peaked at 2.45% in Q1 2022 and troughed at 47.24% in Q4 2024.
- Average EBITDA Margin over 5 years is 21.52%, with a median of 21.95% recorded in 2025.
- Year-over-year, EBITDA Margin surged 2639 bps in 2022 and sank 3261 bps in 2023.
- Over 5 years, EBITDA Margin stood at 15.7% in 2022, then slumped by 60 bps to 25.05% in 2023, then sank by 89 bps to 47.24% in 2024, then soared by 54 bps to 21.95% in 2025, then increased by 14 bps to 18.87% in 2026.
- Per Business Quant data, the three most recent EBITDA Margin figures were 18.87% in Q1 2026, 21.95% in Q4 2025, and 24.16% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 46.33% |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 31.97% |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 46.18% |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 15.30% |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 1.06% |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 31.36% |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | -9.69% |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 8.43% |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | -2.84% |
| 10 | Tucows | 153.30 Mn | 108.99 Mn | 24.13 Mn | -18.87% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -18.87% |
| Dec 31, 2025 | -21.95% |
| Sep 30, 2025 | -24.16% |
| Jun 30, 2025 | -15.14% |
| Mar 31, 2025 | -15.36% |
| Dec 31, 2024 | -47.24% |
| Sep 30, 2024 | -23.72% |
| Jun 30, 2024 | -21.14% |
| Mar 31, 2024 | -31.76% |
| Dec 31, 2023 | -25.05% |
| Sep 30, 2023 | -26.95% |
| Jun 30, 2023 | -36.22% |
| Mar 31, 2023 | -23.94% |
| Dec 31, 2022 | -15.70% |
| Sep 30, 2022 | -12.50% |
| Jun 30, 2022 | -3.62% |
| Mar 31, 2022 | -2.45% |
| Dec 31, 2021 | -42.09% |
| Sep 30, 2021 | -0.01% |
| Jun 30, 2021 | 14.86% |