Kingsoft Cloud Holdings (KC) Operating Margin (2019 - 2026)

Kingsoft Cloud Holdings (KC) has reported Operating Margin for 8 consecutive years, with 0.75% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Margin rose 1467.0% year-over-year to 0.75%; the trailing twelve-month figure through Jun 2026 stood at 3.19% (up 1784.0% YoY), and the FY2025 full-year result was 8.09%, up 1425.0% from the prior year.
• Operating Margin rose to 0.75% in Q2 2026 per KC's latest filing, from 6.14% in the prior quarter.
• Across five years, Operating Margin topped out at 0.75% in Q2 2026 and bottomed at 60.66% in Q3 2024.
• Historically, Operating Margin has averaged 20.2% across 5 years, with a median of 17.61% in 2023.
• The sharpest annual moves came in 2023 and 2025: Operating Margin plunged 2391 bps in 2023, then soared 5480 bps in 2025.
• Over 5 years, Operating Margin stood at 31.08% in 2022, then surged by 36 bps to 19.9% in 2023, then soared by 90 bps to 1.95% in 2024, then declined by 23 bps to 2.41% in 2025, then surged by 131 bps to 0.75% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 0.75%, 6.14%, and 2.41% for Q2 2026, Q1 2026, and Q4 2025 respectively.