MINISO Group Holding (MNSO) Gross Margin (2019 - 2026)
MINISO Group Holding (MNSO) posted Gross Margin of 45.26% for the quarter ended Jun 30, 2026, up 0.98 percentage points from 44.28% a year earlier and up 1.94 percentage points from the prior quarter.
MINISO Group Holding (MNSO) Gross Margin (2019 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at MINISO Group Holding was 44.95%, down 0.16 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 44.99%, up 0.05 percentage points from the prior year.
- Annual Gross Margin has increased for three consecutive years, with a five-year change of +14.56 percentage points (years ended Dec 2020 to Dec 2025).
- In prior years, MINISO Group Holding's Gross Margin was 44.94% in the year ended Dec 31, 2024 (+2.48 pp), 42.46% in the year ended Dec 31, 2023 (+40.26 pp), 2.20% in the year ended Dec 31, 2022 and 26.79% in the year ended Jun 30, 2021 (-3.64 pp).
- Quarterly Gross Margin has run from a low of 39.97% in the quarter ended Dec 31, 2022 to a high of 47.05% in the quarter ended Dec 31, 2024 over five years.
- On a year-over-year basis, Gross Margin increased in three of the last six quarters, with an average year-over-year change of +0.57 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 43.32% (quarter ended Mar 31, 2026), 46.39% (quarter ended Dec 31, 2025) and 44.68% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,686.58 Bn | 2,203.28 Bn | 104.83 Bn | 52.26% |
| 2 | Home Depot | 283.87 Bn | 277.11 Bn | 16.12 Bn | 33.67% |
| 3 | Tjx Companies | 145.82 Bn | 123.36 Bn | 5.07 Bn | 33.41% |
| 4 | Lowes Companies | 103.43 Bn | 96.39 Bn | 8.58 Bn | 33.04% |
| 5 | Ross Stores | 74.61 Bn | 57.54 Bn | 2.12 Bn | 33.83% |
| 6 | Target | 71.16 Bn | 65.74 Bn | 8.94 Bn | 33.67% |
| 7 | O Reilly Automotive | 69.71 Bn | 68.80 Bn | 2.52 Bn | 51.45% |
| 8 | Carvana | 68.78 Bn | 60.38 Bn | 1.38 Bn | 18.76% |
| 9 | Autozone | 46.23 Bn | 45.13 Bn | 2.52 Bn | 52.15% |
| 10 | MINISO Group Holding | 2.88 Bn | 2.89 Bn | 387.56 Mn | 45.26% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 45.26% |
| Mar 31, 2026 | 43.32% |
| Dec 31, 2025 | 46.39% |
| Sep 30, 2025 | 44.68% |
| Jun 30, 2025 | 44.28% |
| Mar 31, 2025 | 44.23% |
| Dec 31, 2024 | 47.05% |
| Sep 30, 2024 | 44.89% |
| Jun 30, 2024 | 43.95% |
| Mar 31, 2024 | 43.41% |
| Dec 31, 2023 | 43.15% |
| Sep 30, 2023 | 41.77% |
| Jun 30, 2023 | 39.84% |
| Mar 31, 2023 | 39.33% |
| Dec 31, 2022 | 39.97% |
| Sep 30, 2022 | 35.66% |
| Jun 30, 2022 | 33.30% |
| Dec 31, 2021 | 31.12% |
| Sep 30, 2021 | 27.45% |
| Jun 30, 2021 | 25.85% |
MINISO Group Holding Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=MNSO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "MNSO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=MNSO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();