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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Joyy (JOYY) Gross Margin (2016 - 2025)

Joyy has reported Gross Margin over the past 15 years, most recently at 35.34% for Q4 2025.

  • For Q4 2025, Gross Margin fell 175.0% year-over-year to 35.34%; the TTM value through Dec 2025 reached 35.9%, down 13.0%, while the annual FY2025 figure was 35.9%, 13.0% down from the prior year.
  • Gross Margin for Q4 2025 was 35.34% at Joyy, down from 35.75% in the prior quarter.
  • Over five years, Gross Margin peaked at 37.53% in Q3 2022 and troughed at 30.74% in Q2 2021.
  • A 5-year average of 35.04% and a median of 35.35% in 2023 define the central range for Gross Margin.
  • Biggest five-year swings in Gross Margin: surged 590bps in 2022 and later tumbled -175bps in 2025.
  • Year by year, Gross Margin stood at 33.68% in 2021, then grew by 4bps to 35.1% in 2022, then increased by 1bps to 35.36% in 2023, then rose by 5bps to 37.09% in 2024, then dropped by -5bps to 35.34% in 2025.
  • Business Quant data shows Gross Margin for JOYY at 35.34% in Q4 2025, 35.75% in Q3 2025, and 36.48% in Q2 2025.