Phoenix New Media (FENG) Gross Margin (2010 - 2026)
Phoenix New Media (FENG) posted Gross Margin of 53.49% for Q1 2026, down 3.89% sequentially from 55.65% in Q4 2025, and up 1307.0% YoY from 3.8% in Q1 2025.
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Phoenix New Media (FENG) Gross Margin (2010 - 2026) Analysis & Trends
Phoenix New Media has reported Gross Margin for 17 years, with the latest figure at 53.49% in Q1 2026.
- Quarterly Gross Margin rose 1307.0% year-over-year to 53.49% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 51.64% (up 1096.0% YoY) and the FY2025 annual result came in at 48.87%, up 1069.0% from the prior year.
- Gross Margin fell to 53.49% in Q1 2026 per FENG's latest filing, from 55.65% in the prior quarter.
- Over five years, Gross Margin peaked at 55.65% in Q4 2025 and troughed at 18.85% in Q1 2022.
- A 5-year average of 37.77% and a median of 38.85% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2026: Gross Margin sank 3333 bps in 2022, then surged 1307 bps in 2026.
- Over 5 years, Gross Margin stood at 39.36% in 2022, then gained by 10 bps to 43.1% in 2023, then gained by 3 bps to 44.47% in 2024, then rose by 25 bps to 55.65% in 2025, then fell by 4 bps to 53.49% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 53.49%, 55.65%, and 47.63% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 81.37% |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 33.41% |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 77.06% |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 91.27% | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 37.22% |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | - |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 78.18% | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 76.06% |
| 10 | Phoenix New Media | 21.62 Mn | -123.23 Mn | 18.30 Mn | 57.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 57.28% |
| Mar 31, 2026 | 53.49% |
| Dec 31, 2025 | 55.65% |
| Sep 30, 2025 | 47.63% |
| Jun 30, 2025 | 49.17% |
| Mar 31, 2025 | 40.42% |
| Dec 31, 2024 | 44.47% |
| Sep 30, 2024 | 37.90% |
| Jun 30, 2024 | 38.85% |
| Mar 31, 2024 | 28.78% |
| Dec 31, 2023 | 43.10% |
| Sep 30, 2023 | 34.09% |
| Jun 30, 2023 | 31.04% |
| Mar 31, 2023 | 19.32% |
| Dec 31, 2022 | 39.36% |
| Sep 30, 2022 | 34.08% |
| Jun 30, 2022 | 25.90% |
| Mar 31, 2022 | 18.85% |
| Dec 31, 2021 | 34.79% |
| Sep 30, 2021 | 36.75% |