PubMatic annual gross margin
2019
2020
2021
2022
2023
2024
2025
PubMatic Gross Margin Growth & History (PUBM)
PubMatic's gross margin was 63.56% for fiscal 2025.
View full PubMatic company overviewPubMatic annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 63.56% | −1.75 pp |
| 2024 | 2024-12-31 | 65.31% | +2.48 pp |
| 2023 | 2023-12-31 | 62.84% | −5.37 pp |
| 2022 | 2022-12-31 | 68.21% | −6.09 pp |
| 2021 | 2021-12-31 | 74.30% | +1.99 pp |
| 2020 | 2020-12-31 | 72.31% | +4.02 pp |
| 2019 | 2019-12-31 | 68.29% | — |
PubMatic quarterly gross margin
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 67.07% | +4.51 pp |
| Q1 2026 | 2026-03-31 | 58.29% | −1.61 pp |
| Q4 2025 | 2025-12-31 | 68.17% | −2.67 pp |
| Q3 2025 | 2025-09-30 | 62.62% | −1.85 pp |
| Q2 2025 | 2025-06-30 | 62.57% | −0.03 pp |
| Q1 2025 | 2025-03-31 | 59.91% | −1.97 pp |
| Q4 2024 | 2024-12-31 | 70.84% | −0.55 pp |
| Q3 2024 | 2024-09-30 | 64.47% | +5.44 pp |
| Q2 2024 | 2024-06-30 | 62.60% | +2.18 pp |
| Q1 2024 | 2024-03-31 | 61.88% | +4.95 pp |
| Q4 2023 | 2023-12-31 | 71.39% | +2.28 pp |
| Q3 2023 | 2023-09-30 | 59.03% | −7.50 pp |
| Q2 2023 | 2023-06-30 | 60.42% | −9.48 pp |
| Q1 2023 | 2023-03-31 | 56.93% | −10.09 pp |
| Q4 2022 | 2022-12-31 | 69.10% | −8.52 pp |
| Q3 2022 | 2022-09-30 | 66.53% | −5.89 pp |
| Q2 2022 | 2022-06-30 | 69.90% | −3.75 pp |
| Q1 2022 | 2022-03-31 | 67.02% | −4.78 pp |
| Q4 2021 | 2021-12-31 | 77.63% | −2.02 pp |
| Q3 2021 | 2021-09-30 | 72.42% | +0.18 pp |
| Q2 2021 | 2021-06-30 | 73.64% | +8.50 pp |
| Q1 2021 | 2021-03-31 | 71.79% | +7.27 pp |
| Q4 2020 | 2020-12-31 | 79.64% | — |
| Q3 2020 | 2020-09-30 | 72.24% | — |
| Q2 2020 | 2020-06-30 | 65.14% | — |
| Q1 2020 | 2020-03-31 | 64.53% | — |
PubMatic gross margin trends
Over the last five reported fiscal years, PubMatic's gross margin decreased from 72.31% to 63.56%, a change of −8.75 percentage points. The latest reported quarter, Q2 2026, shows 67.07%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review PubMatic filings at SEC.gov ↗