Phoenix New Media (FENG) Gross Margin (2010 - 2026)
Phoenix New Media (FENG) reported Gross Margin of 57.28% for the quarter ended Jun 30, 2026, up 8.11 percentage points from 49.17% a year earlier and up 3.79 percentage points from the prior quarter.
Phoenix New Media (FENG) Gross Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Phoenix New Media's Gross Margin came in at 53.69%, up 10.39 percentage points year-over-year; for the year ended Dec 31, 2025, it was 48.87%, up 10.69 percentage points from the prior year.
- Gross Margin has increased for three consecutive years, though with a five-year change of -4.86 percentage points (years ended Dec 2020 to Dec 2025).
- By year, Gross Margin came in at 38.18% in the year ended Dec 31, 2024 (+5.26 pp), 32.93% in the year ended Dec 31, 2023 (+2.74 pp), 30.19% in the year ended Dec 31, 2022 (-11.83 pp) and 42.02% in the year ended Dec 31, 2021 (-11.72 pp).
- The figure for the quarter ended Jun 30, 2026 ranks as the highest quarterly Gross Margin since the quarter ended Jun 30, 2020.
- Year over year, Gross Margin has now increased in each of the last 14 quarters, with an average year-over-year change of +8.65 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was the quarter ended Dec 31, 2023 (a gain of 43.06 percentage points); the low point was the quarter ended Dec 31, 2022 (a drop of 34.75 percentage points).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at 53.49% (quarter ended Mar 31, 2026), 55.65% (quarter ended Dec 31, 2025) and 47.63% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 81.37% |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 51.93% |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | 38.11% |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 47.67% |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 44.93% |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | - |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | 57.06% |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 88.26% |
| 10 | Phoenix New Media | 20.47 Mn | -552.06 Mn | 18.30 Mn | 57.28% |
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 | 0.04% |
| 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% |
Phoenix New Media Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=FENG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "FENG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=FENG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();