Kingsoft Cloud Holdings (KC) Gross Margin (2019 - 2025)
Kingsoft Cloud Holdings' (KC) quarterly Gross Margin came in at 16.85% in Q4 2025, down 223.0% YoY from 13.7% in Q4 2024, and up 9.64% on a QoQ basis from 15.37% in Q3 2025.
Kingsoft Cloud Holdings (KC) Gross Margin (2019 - 2025) Analysis & Trends
Kingsoft Cloud Holdings (KC) has 7 years of Gross Margin data on file, last reported at 16.85% in Q4 2025.
- Quarterly Gross Margin fell 223.0% year-over-year to 16.85% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 15.73% (down 148.0% YoY) and the FY2025 annual result came in at 15.73%, down 150.0% from the prior year.
- Gross Margin climbed to 16.85% in Q4 2025, from 15.37% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 19.08% in Q4 2024 to a low of 1.05% in Q4 2021.
- A 5-year average of 10.86% and a median of 11.67% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2021 — Gross Margin sank 377 bps — and 2023, when it surged 784 bps.
- Tracing KC's Gross Margin over 5 years: stood at 1.05% in 2021, then soared by 625 bps to 7.6% in 2022, then soared by 93 bps to 14.7% in 2023, then increased by 30 bps to 19.08% in 2024, then slipped by 12 bps to 16.85% in 2025.
- The last three Gross Margin figures came in at 16.85% (Q4 2025), 15.37% (Q3 2025), and 14.42% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 73.08% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 47.67% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 76.92% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 44.93% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 70.68% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 66.61% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 45.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 89.20% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 84.61% |
| 10 | Kingsoft Cloud Holdings | 3.50 Bn | 2.63 Bn | 66.54 Mn | 16.85% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 16.85% |
| Sep 30, 2025 | 15.37% |
| Jun 30, 2025 | 14.42% |
| Mar 31, 2025 | 16.16% |
| Dec 31, 2024 | 19.08% |
| Sep 30, 2024 | 16.09% |
| Jun 30, 2024 | 16.83% |
| Mar 31, 2024 | 16.51% |
| Dec 31, 2023 | 14.70% |
| Sep 30, 2023 | 12.08% |
| Jun 30, 2023 | 11.26% |
| Mar 31, 2023 | 10.42% |
| Dec 31, 2022 | 7.60% |
| Sep 30, 2022 | 6.22% |
| Jun 30, 2022 | 3.42% |
| Mar 31, 2022 | 3.68% |
| Dec 31, 2021 | 1.05% |
| Sep 30, 2021 | 3.66% |
| Jun 30, 2021 | 5.45% |
| Mar 31, 2021 | 6.42% |