Tucows (TCX) EBT Margin (2010 - 2026)
Tucows (TCX) recorded EBT Margin of -17.25% in Q2 2026, down 3.64 percentage points from -13.61% a year earlier and down 0.99 percentage points from the prior quarter.
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Analysis
Tucows (TCX) EBT Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Tucows' EBT Margin came in at -18.78% as of Jun 30, 2026, up 3.99 percentage points year-over-year.
- Annual EBT Margin has a five-year change of -20.70 percentage points (FY2020 to FY2025).
- Across earlier years, EBT Margin came in at -28.12% in FY2024 (+2.25 pp), -30.37% in FY2023 (-21.72 pp), -8.65% in FY2022 (-11.04 pp) and 2.39% in FY2021 (-1.07 pp).
- Quarterly EBT Margin has ranged from -43.56% in Q4 2024 to 1.54% in Q4 2021 over the past five years.
- On a year-over-year basis, EBT Margin rose in four of the last eight quarters, with an average year-over-year change of +3.52 percentage points.
- Peak year-over-year performance for EBT Margin in the last five years was a gain of 22.88 percentage points in Q4 2025, against a drop of 37.12 percentage points in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at -16.26% (Q1 2026), -20.68% (Q4 2025) and -20.90% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,781.98 Bn | 3,705.13 Bn | 60.48 Bn | 48.94% |
| 2 | International Business Machines | 207.92 Bn | 158.82 Bn | 9.91 Bn | 14.44% |
| 3 | Cloudflare | 114.07 Bn | 97.60 Bn | 499.52 Mn | -24.13% |
| 4 | Equinix | 99.76 Bn | 88.32 Bn | 1.40 Bn | 19.92% |
| 5 | Nebius | 58.67 Bn | 32.10 Bn | 448.70 Mn | -30.35% |
| 6 | CoreWeave | 46.87 Bn | 33.97 Bn | 1.70 Bn | -21.90% |
| 7 | Verisign | 25.50 Bn | 22.71 Bn | 384.60 Mn | 64.80% |
| 8 | Nutanix | 18.59 Bn | 10.27 Bn | 651.35 Mn | 10.93% |
| 9 | Akamai Technologies | 15.65 Bn | 9.06 Bn | 613.75 Mn | 9.10% |
| 10 | Tucows | 107.03 Mn | -82.27 Mn | 25.78 Mn | -17.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -17.25% |
| Mar 31, 2026 | -16.26% |
| Dec 31, 2025 | -20.68% |
| Sep 30, 2025 | -20.90% |
| Jun 30, 2025 | -13.61% |
| Mar 31, 2025 | -13.74% |
| Dec 31, 2024 | -43.56% |
| Sep 30, 2024 | -20.83% |
| Jun 30, 2024 | -19.46% |
| Mar 31, 2024 | -28.25% |
| Dec 31, 2023 | -28.37% |
| Sep 30, 2023 | -27.14% |
| Jun 30, 2023 | -40.01% |
| Mar 31, 2023 | -25.86% |
| Dec 31, 2022 | -18.31% |
| Sep 30, 2022 | -11.54% |
| Jun 30, 2022 | -2.89% |
| Mar 31, 2022 | -2.39% |
| Dec 31, 2021 | 1.54% |
| Sep 30, 2021 | 1.45% |
API Access
Tucows EBT 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=ebt-margin&ticker=TCX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=TCX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();