Growth Metrics

MINISO Group Holding (MNSO) Gross Margin (2019 - 2025)

MINISO Group Holding has reported Gross Margin over the past 7 years, most recently at 8.18% for Q4 2025.

  • Quarterly Gross Margin fell 3887.0% to 8.18% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 18.96% through Dec 2025, down 2597.0% year-over-year, with the annual reading at 44.99% for FY2025, 5.0% up from the prior year.
  • Gross Margin was 8.18% for Q4 2025 at MINISO Group Holding, down from 44.68% in the prior quarter.
  • Over five years, Gross Margin peaked at 47.05% in Q4 2024 and troughed at 8.18% in Q4 2025.
  • The 5-year median for Gross Margin is 39.97% (2022), against an average of 37.13%.
  • Year-over-year, Gross Margin surged 885bps in 2022 and then tumbled -3887bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 31.12% in 2021, then rose by 28bps to 39.97% in 2022, then grew by 6bps to 42.46% in 2023, then increased by 11bps to 47.05% in 2024, then plummeted by -83bps to 8.18% in 2025.
  • Per Business Quant, the three most recent readings for MNSO's Gross Margin are 8.18% (Q4 2025), 44.68% (Q3 2025), and 44.28% (Q2 2025).