Bilibili (BILI) Operating Margin (2017 - 2026)

Bilibili's Operating Margin history runs 10 years deep, the most recent figure standing at 2.23% for Q1 2026.

• In Q1 2026, Operating Margin rose 202.0% year-over-year to 2.23%; the TTM figure through Mar 2026 stood at 19.58% (up 2138.0% YoY), while the FY2025 annual figure was 3.71%, up 871.0% from the prior year.
• Operating Margin was 2.23% for Q1 2026 at Bilibili, down from 6.06% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 69.51% in Q2 2025 to a low of 44.63% in Q2 2022.
• Historically, Operating Margin has averaged 10.9% across 5 years, with a median of 14.45% in 2024.
• The sharpest annual moves came in 2022 and 2025: Operating Margin slumped 1296 bps in 2022, then surged 7906 bps in 2025.
• A 5-year view of Operating Margin shows it stood at 37.89% in 2022, then surged by 46 bps to 20.55% in 2023, then soared by 108 bps to 1.63% in 2024, then soared by 270 bps to 6.06% in 2025, then tumbled by 63 bps to 2.23% in 2026.
• The last three Operating Margin figures came in at 2.23% (Q1 2026), 6.06% (Q4 2025), and 4.61% (Q3 2025), per Business Quant data.