Bilibili (BILI) FCF Margin (2019 - 2025)

Bilibili's FCF Margin history runs 6 years deep, the most recent figure standing at 27.11% for Q2 2025.

• In Q2 2025, FCF Margin fell 146.0% year-over-year to 27.11%; the TTM figure through Mar 2026 stood at 6.34% (down 457.0% YoY), while the FY2025 annual figure was 21.27%, up 59.0% from the prior year.
• FCF Margin for Q2 2025 stood at 27.11%, up from 19.1% in the prior quarter.
• The five-year high for FCF Margin was 28.57% in Q2 2024, with the low at 87.72% in Q4 2022.
• The 4-year median for FCF Margin is 12.9% (2024), against an average of 13.13%.
• The sharpest annual moves came in 2021 and 2025: FCF Margin sank 5631 bps in 2021, then surged 620 bps in 2025.
• Bilibili's FCF Margin stood at 72.92% in 2021, then dropped by 20 bps to 87.72% in 2022, then surged by 133 bps to 28.57% in 2024, then decreased by 5 bps to 27.11% in 2025.
• Business Quant data shows BILI's FCF Margin at 27.11% in Q2 2025, 19.1% in Q1 2025, and 28.57% in Q2 2024.