Joyy (JOYY) Net Margin (2011 - 2025)
Joyy (JOYY) posted quarterly Net Margin of 9.28% for Q4 2025, up 6469.0% year-over-year from 0.14% in Q4 2024, and down 18.66% quarter-over-quarter from 11.41% in Q3 2025.
Joyy (JOYY) Net Margin (2011 - 2025) Analysis & Trends
Joyy's Net Margin history runs 15 years deep, the most recent figure standing at 9.28% for Q4 2025.
- In Q4 2025, Net Margin rose 6469.0% year-over-year to 9.28%; the TTM figure through Dec 2025 stood at 98.5% (up 10547.0% YoY), while the FY2025 annual figure was 98.72%, up 10532.0% from the prior year.
- Net Margin for Q4 2025 stood at 9.28%, down from 11.41% in the prior quarter.
- The five-year high for Net Margin was 388.15% in Q1 2025, with the low at 62.83% in Q4 2022.
- The 5-year median for Net Margin is 8.22% (2023), against an average of 22.19%.
- The sharpest annual moves came in 2023 and 2025: Net Margin plunged 7536 bps in 2023, then surged 38019 bps in 2025.
- Joyy's Net Margin stood at 10.7% in 2021, then sank by 687 bps to 62.83% in 2022, then jumped by 113 bps to 7.98% in 2023, then plunged by 794 bps to 55.42% in 2024, then jumped by 117 bps to 9.28% in 2025.
- Business Quant data shows JOYY's Net Margin at 9.28% in Q4 2025, 11.41% in Q3 2025, and 11.43% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,239.00 Bn | 3,809.96 Bn | 73.85 Bn | 93.58% |
| 2 | Meta Platforms | 1,535.20 Bn | 1,444.94 Bn | 49.47 Bn | 26.07% |
| 3 | Taboola.com | 1,139.07 Bn | 1,138.93 Bn | 139.48 Mn | 0.91% |
| 4 | Baidu | 289.02 Bn | 284.53 Bn | 1.88 Mn | 834.82% |
| 5 | Spotify Technology | 102.92 Bn | 92.68 Bn | 1.75 Bn | 15.91% |
| 6 | Joyy | 77.84 Bn | 76.96 Bn | 205.64 Mn | 9.28% |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 15.03% |
| 8 | Nebius | 49.06 Bn | 39.43 Bn | 295.20 Mn | -1.45% |
| 9 | 30.48 Bn | 27.70 Bn | 734.60 Mn | 31.41% | |
| 10 | Tencent Music Entertainment | 27.04 Bn | 24.34 Bn | 514.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 9.28% |
| Sep 30, 2025 | 11.41% |
| Jun 30, 2025 | 11.43% |
| Mar 31, 2025 | 388.15% |
| Dec 31, 2024 | -55.42% |
| Sep 30, 2024 | 10.02% |
| Jun 30, 2024 | 8.46% |
| Mar 31, 2024 | 7.96% |
| Dec 31, 2023 | 7.98% |
| Sep 30, 2023 | 11.48% |
| Jun 30, 2023 | 26.91% |
| Mar 31, 2023 | 3.42% |
| Dec 31, 2022 | -62.83% |
| Sep 30, 2022 | 86.84% |
| Jun 30, 2022 | 2.75% |
| Mar 31, 2022 | -4.77% |
| Dec 31, 2021 | 10.70% |
| Sep 30, 2021 | 0.81% |
| Jun 30, 2021 | -16.88% |
| Mar 31, 2021 | -13.95% |