Bilibili (BLBLF) FCF Margin (2019 - 2025)
Bilibili (BLBLF) recorded quarterly FCF Margin of 27.11% in Q2 2025, up 41.93% quarter-over-quarter from 19.1% in Q1 2025, and down 146.0% on a YoY basis from 58.94% in Q2 2024.
Bilibili (BLBLF) 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 21.86%, up 118.0% from the prior year.
- FCF Margin was 27.11% for Q2 2025 at Bilibili, up from 19.1% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 28.57% in Q2 2024 to a low of 76.09% in Q4 2022.
- Historically, FCF Margin has averaged 9.54% across 4 years, with a median of 12.9% in 2024.
- The sharpest annual moves came in 2021 and 2025: FCF Margin slumped 4278 bps in 2021, then soared 620 bps in 2025.
- A 4-year view of FCF Margin shows it stood at 59.39% in 2021, then fell by 28 bps to 76.09% in 2022, then jumped by 138 bps to 28.57% in 2024, then slipped by 5 bps to 27.11% in 2025.
- The last three FCF Margin figures came in at 27.11% (Q2 2025), 19.1% (Q1 2025), and 28.57% (Q2 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 2,430,078.11 Bn | 2,430,078.11 Bn | 295.20 Mn | 1,185.69% |
| 2 | Alphabet | 4,448.32 Bn | 4,232.70 Bn | 102.29 Bn | 9.21% |
| 3 | Meta Platforms | 1,465.06 Bn | 1,383.88 Bn | 46.09 Bn | 28.74% |
| 4 | Spotify Technology | 113.19 Bn | 102.95 Bn | 1.75 Bn | 18.55% |
| 5 | 33.56 Bn | 30.79 Bn | 511.94 Mn | 46.90% | |
| 6 | 12.93 Bn | 11.63 Bn | 768.96 Mn | 30.94% | |
| 7 | Kanzhun | 12.77 Bn | 10.67 Bn | 255.62 Bn | 0.06% |
| 8 | Match | 8.28 Bn | 7.26 Bn | 653.28 Mn | 20.14% |
| 9 | Snap | 7.91 Bn | 5.08 Bn | 1.29 Bn | 18.71% |
| 10 | Bilibili | - | - | 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 | -76.09% |
| Sep 30, 2022 | -18.98% |
| Dec 31, 2021 | -59.39% |
| Dec 31, 2020 | -16.61% |
| Mar 31, 2020 | 15.58% |
| Mar 31, 2019 | 3.97% |