Joyy (JOYY) Net Margin (2011 - 2026)
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.
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Joyy (JOYY) Net Margin (2011 - 2026) 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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 93.58% |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 26.07% |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 11.41% |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | -2.47% |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 31.41% | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 4.33% |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | - |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | -3.96% | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 19.99% |
| 10 | Joyy | 3.93 Bn | 3.42 Bn | 201.60 Mn | 8.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.25% |
| Mar 31, 2026 | 8.67% |
| Dec 31, 2025 | 8.80% |
| 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% |