Kingsoft Cloud Holdings (KC) Gross Margin (2019 - 2025)
Kingsoft Cloud Holdings posted quarterly Gross Margin of 16.85% for Q4 2025, down 223.0% year-on-year from 13.7% in Q4 2024, and up 9.64% on a QoQ basis from 15.37% in Q3 2025.
Kingsoft Cloud Holdings (KC) has 7 years of Gross Margin data on file, last reported at 16.85% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin fell 223.0% year-over-year to 16.85%; the trailing twelve-month figure through Dec 2025 stood at 15.73% (down 148.0% YoY), and the FY2025 full-year result was 15.73%, down 150.0% from the prior year.
- Gross Margin for Q4 2025 stood at 16.85%, up from 15.37% in the prior quarter.
- Across five years, Gross Margin topped out at 19.08% in Q4 2024 and bottomed at 1.05% in Q4 2021.
- The 5-year median for Gross Margin is 11.67% (2023), against an average of 10.86%.
- The widest annual swing landed in 2021, when Gross Margin tumbled 377 bps; it then surged 784 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 1.05% in 2021, then jumped by 625 bps to 7.6% in 2022, then jumped by 93 bps to 14.7% in 2023, then rose by 30 bps to 19.08% in 2024, then dropped 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 72.98% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 77.61% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 48.77% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 75.07% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 85.65% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 89.62% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 48.28% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 79.05% |
| 10 | Kingsoft Cloud Holdings | 8.23 Bn | 7.37 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% |
| Dec 31, 2020 | 4.81% |
| Sep 30, 2020 | 6.53% |
| Jun 30, 2020 | 5.26% |
| Mar 31, 2020 | 5.09% |
| Dec 31, 2019 | 4.63% |
| Sep 30, 2019 | 1.87% |
| Jun 30, 2019 | -2.17% |
| Mar 31, 2019 | -5.33% |