Kingsoft Cloud Holdings (KC) Net Margin (2019 - 2026)
Kingsoft Cloud Holdings' (KC) quarterly Net Margin came in at 1.95% in Q2 2026, up 1712.0% on a YoY basis from 0.11% in Q2 2025, and up 84.17% quarter-over-quarter from 12.29% in Q1 2026.
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Kingsoft Cloud Holdings (KC) Net Margin (2019 - 2026) Analysis & Trends
Kingsoft Cloud Holdings (KC) has reported Net Margin for 8 consecutive years, with 1.95% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin rose 1712.0% year-over-year to 1.95%; the trailing twelve-month figure through Jun 2026 stood at 5.41% (up 1819.0% YoY), and the FY2025 full-year result was 9.79%, up 1547.0% from the prior year.
- Net Margin grew to 1.95% in Q2 2026 per KC's latest filing, from 12.29% in the prior quarter.
- Across five years, Net Margin topped out at 0.5% in Q3 2025 and bottomed at 53.99% in Q3 2024.
- Historically, Net Margin has averaged 22.89% across 5 years, with a median of 19.9% in 2022.
- The sharpest annual moves came in 2022 and 2025: Net Margin slumped 3341 bps in 2022, then jumped 5349 bps in 2025.
- Over 5 years, Net Margin stood at 23.35% in 2022, then increased by 29 bps to 16.58% in 2023, then jumped by 44 bps to 9.32% in 2024, then advanced by 26 bps to 6.87% in 2025, then soared by 72 bps to 1.95% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 1.95%, 12.29%, and 6.87% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,711.27 Bn | 3,578.52 Bn | 60.48 Bn | 36.78% |
| 2 | International Business Machines | 221.25 Bn | 209.98 Bn | 9.91 Bn | 12.62% |
| 3 | Nebius | 57.28 Bn | 49.24 Bn | 448.70 Mn | -2.47% |
| 4 | CoreWeave | 49.24 Bn | 43.70 Bn | 1.70 Bn | -24.31% |
| 5 | Nutanix | 18.40 Bn | 16.38 Bn | 610.79 Mn | 10.25% |
| 6 | DigitalOcean Holdings | 11.81 Bn | 11.04 Bn | 154.66 Mn | 12.60% |
| 7 | Kingsoft Cloud Holdings | 3.27 Bn | 2.57 Bn | 68.71 Mn | -1.95% |
| 8 | SharonAI Holdings | 2.00 Bn | 139.21 Mn | 1.17 Mn | -22,282.95% |
| 9 | Tuya | 1.16 Bn | 182.03 Mn | 43.05 Mn | 24.57% |
| 10 | Backblaze | 776.06 Mn | 724.68 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.95% |
| Mar 31, 2026 | -12.29% |
| Dec 31, 2025 | -6.87% |
| Sep 30, 2025 | -0.50% |
| Jun 30, 2025 | -19.06% |
| Mar 31, 2025 | -15.08% |
| Dec 31, 2024 | -9.32% |
| Sep 30, 2024 | -53.99% |
| Jun 30, 2024 | -18.04% |
| Mar 31, 2024 | -22.42% |
| Dec 31, 2023 | -16.58% |
| Sep 30, 2023 | -47.65% |
| Jun 30, 2023 | -27.56% |
| Mar 31, 2023 | -32.49% |
| Dec 31, 2022 | -23.35% |
| Sep 30, 2022 | -40.48% |
| Jun 30, 2022 | -43.55% |
| Mar 31, 2022 | -20.74% |
| Dec 31, 2021 | -17.97% |
| Sep 30, 2021 | -21.04% |