Kingsoft Cloud Holdings (KC) Operating Margin (2019 - 2025)
Kingsoft Cloud Holdings' (KC) quarterly Operating Margin came in at 2.41% in Q4 2025, down 46.0% YoY from 4.46% in Q4 2024, and up 58.95% on a QoQ basis from 5.86% in Q3 2025.
Kingsoft Cloud Holdings (KC) Operating Margin (2019 - 2025) Analysis & Trends
Kingsoft Cloud Holdings (KC) has 7 years of Operating Margin data on file, last reported at 2.41% in Q4 2025.
- Quarterly Operating Margin fell 46.0% year-over-year to 2.41% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 8.03% (up 1465.0% YoY) and the FY2025 annual result came in at 8.09%, up 1425.0% from the prior year.
- Operating Margin grew to 2.41% in Q4 2025, from 5.86% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 1.95% in Q4 2024 to a low of 60.66% in Q3 2024.
- A 5-year average of 21.85% and a median of 19.61% in 2021 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2023 — Operating Margin tumbled 2391 bps — and 2025, when it surged 5480 bps.
- Tracing KC's Operating Margin over 5 years: stood at 25.22% in 2021, then decreased by 23 bps to 31.08% in 2022, then soared by 36 bps to 19.9% in 2023, then jumped by 90 bps to 1.95% in 2024, then slipped by 23 bps to 2.41% in 2025.
- The last three Operating Margin figures came in at 2.41% (Q4 2025), 5.86% (Q3 2025), and 13.92% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 27.70% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 13.62% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 21.08% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 13.32% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 4.06% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -23.45% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | -33.33% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 33.82% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 46.97% |
| 10 | Kingsoft Cloud Holdings | 3.50 Bn | 2.63 Bn | 66.54 Mn | -2.41% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -2.41% |
| Sep 30, 2025 | -5.86% |
| Jun 30, 2025 | -13.92% |
| Mar 31, 2025 | -11.89% |
| Dec 31, 2024 | -1.95% |
| Sep 30, 2024 | -60.66% |
| Jun 30, 2024 | -14.67% |
| Mar 31, 2024 | -15.44% |
| Dec 31, 2023 | -19.90% |
| Sep 30, 2023 | -49.52% |
| Jun 30, 2023 | -19.78% |
| Mar 31, 2023 | -32.07% |
| Dec 31, 2022 | -31.08% |
| Sep 30, 2022 | -25.61% |
| Jun 30, 2022 | -28.95% |
| Mar 31, 2022 | -24.51% |
| Dec 31, 2021 | -25.22% |
| Sep 30, 2021 | -19.43% |
| Jun 30, 2021 | -14.74% |
| Mar 31, 2021 | -19.42% |