MediaAlpha, Inc. (MAX) stock
MAXNYSEServices-Business Services, NECFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 28, 2026Score 14/3059% below fair value
$14.97+0.60 (+4.18%)
Close on Nov 11, 2026Market cap $886.11MP/E 8.3Yield –
MediaAlpha gross margin
Gross margin is gross profit as a percentage of revenue.
MediaAlpha's gross margin for the twelve months ending Sep 30, 2026 was 14.8%. For fiscal 2025 it was 15.0%, against 16.6% the year before. The highest annual figure on record is 17.2% in fiscal 2023.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 15.0% | −1.6 |
| FY2024 | Dec 31, 2024 | 16.6% | −0.6 |
| FY2023 | Dec 31, 2023 | 17.2% | +1.9 |
| FY2022 | Dec 31, 2022 | 15.3% | −0.5 |
| FY2021 | Dec 31, 2021 | 15.7% | +1.1 |
| FY2020 | Dec 31, 2020 | 14.6% | −1.4 |
| FY2019 | Dec 31, 2019 | 16.0% | −0.6 |
| FY2018 | Dec 31, 2018 | 16.6% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 14.7% | +0.6 |
| Q2 FY2026 | Jun 30, 2026 | 14.3% | −0.7 |
| Q1 FY2026 | Mar 31, 2026 | 15.1% | −0.7 |
| Q4 FY2025 | Dec 31, 2025 | 15.4% | −0.9 |
| Q3 FY2025 | Sep 30, 2025 | 14.2% | −1.0 |
| Q2 FY2025 | Jun 30, 2025 | 15.0% | −2.8 |
| Q1 FY2025 | Mar 31, 2025 | 15.8% | −2.9 |
| Q4 FY2024 | Dec 31, 2024 | 16.3% | −2.7 |
| Q3 FY2024 | Sep 30, 2024 | 15.1% | −1.4 |
| Q2 FY2024 | Jun 30, 2024 | 17.8% | +1.5 |
| Q1 FY2024 | Mar 31, 2024 | 18.7% | +2.2 |
| Q4 FY2023 | Dec 31, 2023 | 19.0% | +2.8 |
| Q3 FY2023 | Sep 30, 2023 | 16.5% | +2.3 |
| Q2 FY2023 | Jun 30, 2023 | 16.2% | +1.2 |
| Q1 FY2023 | Mar 31, 2023 | 16.5% | +1.2 |
| Q4 FY2022 | Dec 31, 2022 | 16.2% | +0.5 |
| Q3 FY2022 | Sep 30, 2022 | 14.2% | −1.9 |
| Q2 FY2022 | Jun 30, 2022 | 15.0% | −0.9 |
| Q1 FY2022 | Mar 31, 2022 | 15.2% | +0.0 |
| Q4 FY2021 | Dec 31, 2021 | 15.7% | +1.8 |
| Q3 FY2021 | Sep 30, 2021 | 16.1% | +2.5 |
| Q2 FY2021 | Jun 30, 2021 | 15.9% | +0.2 |
| Q1 FY2021 | Mar 31, 2021 | 15.2% | −0.5 |
| Q4 FY2020 | Dec 31, 2020 | 13.9% | – |
| Q3 FY2020 | Sep 30, 2020 | 13.7% | – |
| Q2 FY2020 | Jun 30, 2020 | 15.7% | – |
| Q1 FY2020 | Mar 31, 2020 | 15.7% | – |
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