Kingsoft Cloud Holdings (KC) Operating Margin (2019 - 2025)
Kingsoft Cloud Holdings posted quarterly Operating Margin of 2.41% for Q4 2025, down 46.0% year-on-year from 4.46% in Q4 2024, and up 58.95% on a QoQ basis from 5.86% in Q3 2025.
Kingsoft Cloud Holdings (KC) has 7 years of Operating Margin data on file, last reported at 2.41% in Q4 2025.
- For the quarter ending Q4 2025, Operating Margin fell 46.0% year-over-year to 2.41%; the trailing twelve-month figure through Dec 2025 stood at 8.03% (up 1465.0% YoY), and the FY2025 full-year result was 2.48%, up 1986.0% from the prior year.
- Operating Margin for Q4 2025 stood at 2.41%, up from 5.86% in the prior quarter.
- Across five years, Operating Margin topped out at 1.95% in Q4 2024 and bottomed at 60.66% in Q3 2024.
- The 5-year median for Operating Margin is 19.61% (2021), against an average of 21.85%.
- The widest annual swing landed in 2023, when Operating Margin sank 2391 bps; it then surged 5480 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 25.22% in 2021, then slipped by 23 bps to 31.08% in 2022, then jumped by 36 bps to 19.9% in 2023, then surged by 90 bps to 1.95% in 2024, then dropped 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 28.69% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 16.69% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 12.05% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 13.34% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 29.26% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 37.79% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | -22.99% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 46.97% |
| 10 | Kingsoft Cloud Holdings | 8.23 Bn | 7.37 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% |
| Dec 31, 2020 | -12.76% |
| Sep 30, 2020 | -14.05% |
| Jun 30, 2020 | -28.04% |
| Mar 31, 2020 | -20.76% |
| Dec 31, 2019 | -25.79% |
| Sep 30, 2019 | -27.94% |
| Jun 30, 2019 | -32.46% |
| Mar 31, 2019 | -30.43% |