Tucows (TCX) Net Margin (2010 - 2026)
Tucows (TCX) reported Net Margin of 18.73% for Q1 2026, down 269.0% on a YoY basis from 11.08% in Q1 2025, and up 64.84% quarter-over-quarter from 53.26% in Q4 2025.
Tucows (TCX) Net Margin (2010 - 2026) Analysis & Trends
Tucows has reported Net Margin for 17 years, with the latest figure at 18.73% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 269.0% year-over-year to 18.73%; the trailing twelve-month figure through Mar 2026 stood at 27.88% (down 143.0% YoY), and the FY2025 full-year result was 27.25%, up 284.0% from the prior year.
- Net Margin for Q1 2026 stood at 18.73%, up from 53.26% in the prior quarter.
- The five-year high for Net Margin was 3.72% in Q1 2022, with the low at 63.08% in Q4 2023.
- Historically, Net Margin has averaged 25.39% across 5 years, with a median of 23.39% in 2025.
- Annual changes were most pronounced in 2023 — Net Margin slumped 4605 bps — and 2024, when it soared 1837 bps.
- Tucows' Net Margin stood at 17.03% in 2022, then sank by 270 bps to 63.08% in 2023, then increased by 29 bps to 44.71% in 2024, then decreased by 19 bps to 53.26% in 2025, then soared by 65 bps to 18.73% in 2026.
- The last three Net Margin figures came in at 18.73% (Q1 2026), 53.26% (Q4 2025), and 23.39% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 38.34% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 5.06% |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 21.52% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 53.68% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 16.65% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 4.71% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 28.90% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 2.69% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | -3.58% |
| 10 | Tucows | 151.74 Mn | 107.43 Mn | 24.13 Mn | -18.73% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -18.73% |
| Dec 31, 2025 | -53.26% |
| Sep 30, 2025 | -23.39% |
| Jun 30, 2025 | -15.91% |
| Mar 31, 2025 | -16.03% |
| Dec 31, 2024 | -44.71% |
| Sep 30, 2024 | -24.19% |
| Jun 30, 2024 | -20.80% |
| Mar 31, 2024 | -30.31% |
| Dec 31, 2023 | -63.08% |
| Sep 30, 2023 | -26.18% |
| Jun 30, 2023 | -36.47% |
| Mar 31, 2023 | -23.73% |
| Dec 31, 2022 | -17.03% |
| Sep 30, 2022 | -10.26% |
| Jun 30, 2022 | -3.76% |
| Mar 31, 2022 | -3.72% |
| Dec 31, 2021 | -2.38% |
| Sep 30, 2021 | 1.84% |
| Jun 30, 2021 | 2.40% |