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 operating margin
Operating margin is operating income as a percentage of revenue.
MediaAlpha's operating margin for the twelve months ending Sep 30, 2026 was 7.2%. For fiscal 2025 it was 2.0%, against 4.9% the year before. The highest annual figure on record is 6.5% in fiscal 2018.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 2.0% | −3.0 |
| FY2024 | Dec 31, 2024 | 4.9% | +15.2 |
| FY2023 | Dec 31, 2023 | -10.3% | −2.6 |
| FY2022 | Dec 31, 2022 | -7.7% | −8.0 |
| FY2021 | Dec 31, 2021 | 0.3% | −3.0 |
| FY2020 | Dec 31, 2020 | 3.3% | −2.7 |
| FY2019 | Dec 31, 2019 | 6.1% | −0.4 |
| FY2018 | Dec 31, 2018 | 6.5% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 7.7% | +1.2 |
| Q2 FY2026 | Jun 30, 2026 | 6.3% | +14.3 |
| Q1 FY2026 | Mar 31, 2026 | 7.2% | +7.2 |
| Q4 FY2025 | Dec 31, 2025 | 7.7% | +1.6 |
| Q3 FY2025 | Sep 30, 2025 | 6.4% | +0.4 |
| Q2 FY2025 | Jun 30, 2025 | -8.0% | −11.6 |
| Q1 FY2025 | Mar 31, 2025 | 0.0% | −1.8 |
| Q4 FY2024 | Dec 31, 2024 | 6.1% | +5.7 |
| Q3 FY2024 | Sep 30, 2024 | 6.0% | +25.8 |
| Q2 FY2024 | Jun 30, 2024 | 3.6% | +22.6 |
| Q1 FY2024 | Mar 31, 2024 | 1.9% | +10.4 |
| Q4 FY2023 | Dec 31, 2023 | 0.4% | +5.7 |
| Q3 FY2023 | Sep 30, 2023 | -19.8% | −7.9 |
| Q2 FY2023 | Jun 30, 2023 | -19.0% | −8.9 |
| Q1 FY2023 | Mar 31, 2023 | -8.6% | −3.0 |
| Q4 FY2022 | Dec 31, 2022 | -5.3% | −4.3 |
| Q3 FY2022 | Sep 30, 2022 | -11.9% | −11.8 |
| Q2 FY2022 | Jun 30, 2022 | -10.1% | −11.3 |
| Q1 FY2022 | Mar 31, 2022 | -5.5% | −6.6 |
| Q4 FY2021 | Dec 31, 2021 | -1.0% | +4.8 |
| Q3 FY2021 | Sep 30, 2021 | -0.0% | −5.6 |
| Q2 FY2021 | Jun 30, 2021 | 1.2% | −8.2 |
| Q1 FY2021 | Mar 31, 2021 | 1.1% | −7.7 |
| Q4 FY2020 | Dec 31, 2020 | -5.9% | −15.5 |
| Q3 FY2020 | Sep 30, 2020 | 5.6% | −3.2 |
| Q2 FY2020 | Jun 30, 2020 | 9.4% | +1.2 |
| Q1 FY2020 | Mar 31, 2020 | 8.8% | +14.1 |
| Q4 FY2019 | Dec 31, 2019 | 9.6% | – |
| Q3 FY2019 | Sep 30, 2019 | 8.8% | – |
| Q2 FY2019 | Jun 30, 2019 | 8.2% | – |
| Q1 FY2019 | Mar 31, 2019 | -5.2% | – |
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