Bilibili (BILI) FCF Margin (2019 - 2025)
Bilibili (BILI) posted quarterly FCF Margin of 27.11% for Q2 2025, down 146.0% year-over-year from 58.94% in Q2 2024, and up 41.93% quarter-over-quarter from 19.1% in Q1 2025.
Bilibili (BILI) FCF Margin (2019 - 2025) Analysis & Trends
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn | -4.89% |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn | 2.87% |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn | - |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | 26.66% |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | 18.55% |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | - |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 54.09% |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | 1,185.69% |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | 32.39% | |
| 10 | Bilibili | 7.55 Bn | 5.25 Bn | 400.37 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2025 | 27.11% |
| Mar 31, 2025 | 19.10% |
| Jun 30, 2024 | 28.57% |
| Mar 31, 2024 | 12.90% |
| Dec 31, 2022 | -87.72% |
| Sep 30, 2022 | -18.98% |
| Dec 31, 2021 | -72.92% |
| Dec 31, 2020 | -16.61% |
| Mar 31, 2020 | 15.39% |
| Mar 31, 2019 | 3.97% |