Tucows (TCX) EBITDA Margin (2010 - 2026)
Tucows (TCX) reported EBITDA Margin of 18.87% for Q1 2026, down 351.0% on a YoY basis from 7.52% in Q1 2025, and up 14.02% quarter-over-quarter from 21.95% in Q4 2025.
Tucows (TCX) EBITDA Margin (2010 - 2026) Analysis & Trends
Tucows has reported EBITDA Margin for 17 years, with the latest figure at 18.87% in Q1 2026.
- For the quarter ending Q1 2026, EBITDA Margin fell 351.0% year-over-year to 18.87%; the trailing twelve-month figure through Mar 2026 stood at 20.04% (up 684.0% YoY), and the FY2025 full-year result was 19.19%, up 1187.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 18.87%, up from 21.95% in the prior quarter.
- The five-year high for EBITDA Margin was 2.45% in Q1 2022, with the low at 47.24% in Q4 2024.
- Historically, EBITDA Margin has averaged 21.52% across 5 years, with a median of 21.95% in 2025.
- Annual changes were most pronounced in 2022 — EBITDA Margin soared 2639 bps — and 2023, when it tumbled 3261 bps.
- Tucows' EBITDA Margin stood at 15.7% in 2022, then tumbled by 60 bps to 25.05% in 2023, then slumped by 89 bps to 47.24% in 2024, then soared by 54 bps to 21.95% in 2025, then advanced by 14 bps to 18.87% in 2026.
- The last three EBITDA Margin figures came in at 18.87% (Q1 2026), 21.95% (Q4 2025), and 24.16% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 46.33% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 3.18% |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 31.79% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 46.18% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 15.30% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 1.06% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 31.36% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 8.43% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | -9.69% |
| 10 | Tucows | 151.74 Mn | 107.43 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% |