Joyy (JOYY) Operating Margin (2011 - 2025)
Joyy (JOYY) posted quarterly Operating Margin of 3.14% for Q4 2025, up 8101.0% year-over-year from 0.04% in Q4 2024, and down 13.28% quarter-over-quarter from 3.62% in Q3 2025.
Joyy (JOYY) Operating Margin (2011 - 2025) Analysis & Trends
Joyy's Operating Margin history runs 15 years deep, the most recent figure standing at 3.14% for 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 2.63%, up 2075.0% from the prior year.
- Operating Margin for Q4 2025 stood at 3.14%, 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.
- The 5-year median for Operating Margin is 2.8% (2025), against an average of 0.77%.
- The sharpest annual moves came in 2024 and 2025: Operating Margin sank 7871 bps in 2024, then surged 8101 bps in 2025.
- Joyy's Operating Margin stood at 9.13% in 2021, then slumped by 126 bps to 2.34% in 2022, then surged by 136 bps to 0.84% in 2023, then tumbled by 9352 bps to 77.87% in 2024, then jumped by 104 bps to 3.14% in 2025.
- Business Quant data shows JOYY's Operating Margin at 3.14% in Q4 2025, 3.62% in Q3 2025, and 10.18% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,255.28 Bn | 3,826.24 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,552.50 Bn | 1,462.24 Bn | 49.47 Bn | 30.88% |
| 3 | Taboola.com | 1,147.41 Bn | 1,147.28 Bn | 139.48 Mn | 1.52% |
| 4 | Baidu | 288.87 Bn | 284.38 Bn | 1.88 Mn | 10.65% |
| 5 | Spotify Technology | 104.29 Bn | 94.05 Bn | 1.75 Bn | 23.32% |
| 6 | Joyy | 78.58 Bn | 77.69 Bn | 205.64 Mn | 3.14% |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 18.99% |
| 8 | Nebius | 49.09 Bn | 39.47 Bn | 295.20 Mn | -32.08% |
| 9 | 30.80 Bn | 28.01 Bn | 734.60 Mn | 28.79% | |
| 10 | Tencent Music Entertainment | 27.36 Bn | 24.66 Bn | 514.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 3.14% |
| Sep 30, 2025 | 3.62% |
| Jun 30, 2025 | 10.18% |
| Mar 31, 2025 | 2.47% |
| Dec 31, 2024 | -77.87% |
| Sep 30, 2024 | 11.23% |
| Jun 30, 2024 | 10.26% |
| Mar 31, 2024 | 0.63% |
| Dec 31, 2023 | 0.84% |
| Sep 30, 2023 | 2.12% |
| Jun 30, 2023 | 11.04% |
| Mar 31, 2023 | 8.26% |
| Dec 31, 2022 | -2.34% |
| Sep 30, 2022 | 9.88% |
| Jun 30, 2022 | 6.50% |
| Mar 31, 2022 | 1.02% |
| Dec 31, 2021 | 9.13% |
| Sep 30, 2021 | 1.06% |
| Jun 30, 2021 | -15.28% |
| Mar 31, 2021 | -11.36% |