Bilibili (BLBLF) Operating Margin (2017 - 2026)

Bilibili has reported Operating Margin for 10 years, with the latest figure at 4.7% in Q2 2026.

• On a quarterly basis, Operating Margin rose 127.0% year-over-year to 4.7% in Q2 2026; TTM through Jun 2026 was 4.44%, a 333.0% increase from a year earlier, with the FY2025 full-year figure at 3.71%, up 871.0% from the prior year.
• Operating Margin was 4.7% for Q2 2026 at Bilibili, up from 2.23% in the prior quarter.
• The five-year high for Operating Margin was 6.06% in Q4 2025, with the low at 44.63% in Q2 2022.
• Average Operating Margin over 5 years is 13.71%, with a median of 12.0% recorded in 2024.
• The largest YoY upside for Operating Margin was 7333 bps in 2022 against a maximum downside of 1296 bps in 2022.
• Over 5 years, Operating Margin stood at 37.89% in 2022, then soared by 46 bps to 20.55% in 2023, then jumped by 108 bps to 1.63% in 2024, then jumped by 270 bps to 6.06% in 2025, then fell by 22 bps to 4.7% in 2026.
• The last three Operating Margin figures came in at 4.7% (Q2 2026), 2.23% (Q1 2026), and 6.06% (Q4 2025), per Business Quant data.