Tucows (TCX) Net Margin (2010 - 2026)

Tucows (TCX) has reported Net Margin for 17 consecutive years, with 18.73% the latest figure, recorded in Q1 2026.

• Net Margin for Q1 2026 came in at 18.73%, down 269.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 27.88% (down 143.0% YoY), and the FY2025 annual result was 27.25%, up 284.0% from the prior year.
• Net Margin was 18.73% for Q1 2026 at Tucows, up from 53.26% in the prior quarter.
• Over five years, Net Margin peaked at 3.72% in Q1 2022 and troughed at 63.08% in Q4 2023.
• Average Net Margin over 5 years is 25.39%, with a median of 23.39% recorded in 2025.
• Year-over-year, Net Margin plunged 4605 bps in 2023 and surged 1837 bps in 2024.
• Over 5 years, Net Margin stood at 17.03% in 2022, then plunged by 270 bps to 63.08% in 2023, then advanced by 29 bps to 44.71% in 2024, then declined by 19 bps to 53.26% in 2025, then soared by 65 bps to 18.73% in 2026.
• Per Business Quant data, the three most recent Net Margin figures were 18.73% in Q1 2026, 53.26% in Q4 2025, and 23.39% in Q3 2025.