JOYY Inc. (JOYY) Operating Margin (2011 - 2025)

Joyy (JOYY) has reported Operating Margin for 15 consecutive years, with 3.14% the latest figure, recorded in Q4 2025.

• In Q4 2025, Operating Margin rose 8101.0% year-over-year to 3.14%; the TTM figure through Dec 2025 stood at 4.79% (up 1835.0% YoY), while the FY2025 annual figure was 1.73%, up 1986.0% from the prior year.
• Operating Margin came in at 3.14% for Q4 2025 at Joyy, down from 3.62% in the prior quarter.
• The five-year high for Operating Margin was 11.23% in Q3 2024, with the low at 77.87% in Q4 2024.
• Average Operating Margin over 5 years is 0.77%, with a median of 2.8% recorded in 2025.
• Across the five-year window, Operating Margin tumbled 7871 bps in 2024 and soared 8101 bps in 2025, its largest moves.
• Year by year, Operating Margin stood at 9.13% in 2021, then plunged by 126 bps to 2.34% in 2022, then soared by 136 bps to 0.84% in 2023, then sank by 9352 bps to 77.87% in 2024, then surged by 104 bps to 3.14% in 2025.
• According to Business Quant data, Operating Margin over the past three periods registered 3.14%, 3.62%, and 10.18% for Q4 2025, Q3 2025, and Q2 2025 respectively.