Tucows (TCX) EBITDA Margin (2010 - 2026)
Tucows' (TCX) quarterly EBITDA Margin came in at 12.03% in Q1 2026, up 1293.0% year-on-year from 0.86% in Q1 2025, and down 5.01% quarter-over-quarter from 12.66% in Q4 2025.
Tucows (TCX) EBITDA Margin (2010 - 2026) Analysis & Trends
Tucows' EBITDA Margin history runs 17 years deep, the most recent figure standing at 12.03% for Q1 2026.
- On a quarterly basis, EBITDA Margin rose 1293.0% year-over-year to 12.03% in Q1 2026; TTM through Mar 2026 was 13.3%, a 1242.0% increase from a year earlier, with the FY2025 full-year figure at 12.47%, up 1268.0% from the prior year.
- EBITDA Margin retreated to 12.03% in Q1 2026 per TCX's latest filing, from 12.66% in the prior quarter.
- Across five years, EBITDA Margin topped out at 17.67% in Q4 2022 and bottomed at 21.49% in Q1 2023.
- The 5-year median for EBITDA Margin is 10.09% (2022), against an average of 2.25%.
- Across the five-year window, EBITDA Margin slumped 3619 bps in 2023 and soared 3223 bps in 2024, its largest moves.
- Year by year, EBITDA Margin stood at 17.67% in 2022, then slumped by 205 bps to 18.52% in 2023, then soared by 94 bps to 1.07% in 2024, then jumped by 1285 bps to 12.66% in 2025, then decreased by 5 bps to 12.03% in 2026.
- Per Business Quant, the three latest TCX EBITDA Margin figures stand at 12.03% (Q1 2026), 12.66% (Q4 2025), and 15.73% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,895.32 Bn | 2,770.88 Bn | 56.06 Bn | 46.33% |
| 2 | PagSeguro Digital | 2,672.75 Bn | 2,672.75 Bn | 358.92 Mn | 75.95% |
| 3 | Repay Holdings | 344.36 Bn | 344.21 Bn | - | - |
| 4 | Oracle | 339.20 Bn | 307.30 Bn | - | 31.97% |
| 5 | Palantir Technologies | 296.91 Bn | 288.89 Bn | 1.42 Bn | 46.18% |
| 6 | Palo Alto Networks | 225.55 Bn | 221.01 Bn | 1.91 Bn | 15.30% |
| 7 | CrowdStrike Holdings | 185.68 Bn | 182.58 Bn | 993.68 Mn | 1.06% |
| 8 | Fortinet | 109.83 Bn | 106.54 Bn | 1.49 Bn | 31.36% |
| 9 | Cloudflare | 95.19 Bn | 94.25 Bn | 455.60 Mn | -9.69% |
| 10 | Tucows | 101.68 Mn | 57.37 Mn | 24.13 Mn | 12.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.03% |
| Dec 31, 2025 | 12.66% |
| Sep 30, 2025 | 15.73% |
| Jun 30, 2025 | 12.74% |
| Mar 31, 2025 | -0.90% |
| Dec 31, 2024 | -1.07% |
| Sep 30, 2024 | 12.49% |
| Jun 30, 2024 | -7.20% |
| Mar 31, 2024 | 1.08% |
| Dec 31, 2023 | -18.52% |
| Sep 30, 2023 | -19.74% |
| Jun 30, 2023 | -15.42% |
| Mar 31, 2023 | -21.49% |
| Dec 31, 2022 | 17.67% |
| Sep 30, 2022 | 10.09% |
| Jun 30, 2022 | 14.08% |
| Mar 31, 2022 | 13.95% |
| Dec 31, 2021 | 15.44% |
| Sep 30, 2021 | 16.08% |
| Jun 30, 2021 | 14.86% |