Tucows (TCX) Net Margin (2010 - 2026)

Tucows (TCX) has reported Net Margin for 17 consecutive years, with 20.36% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Net Margin fell 441.0% year-over-year to 20.36%; the trailing twelve-month figure through Jun 2026 stood at 23.15% (down 97.0% YoY), and the FY2025 full-year result was 21.37%, up 572.0% from the prior year.
• Net Margin slipped to 20.36% in Q2 2026 per TCX's latest filing, from 18.74% in the prior quarter.
• Across five years, Net Margin topped out at 3.67% in Q1 2022 and bottomed at 36.45% in Q2 2023.
• Historically, Net Margin has averaged 21.0% across 5 years, with a median of 22.13% in 2024.
• The sharpest annual moves came in 2023 and 2024: Net Margin slumped 3258 bps in 2023, then soared 1563 bps in 2024.
• Over 5 years, Net Margin stood at 9.91% in 2022, then plunged by 214 bps to 31.14% in 2023, then declined by 6 bps to 32.99% in 2024, then rose by 9 bps to 30.01% in 2025, then soared by 32 bps to 20.36% in 2026.
• According to Business Quant data, Net Margin over the past three periods registered 20.36%, 18.74%, and 30.01% for Q2 2026, Q1 2026, and Q4 2025 respectively.