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

MINISO Group Holding (MNSO) has 7 years of Gross Margin data on file, last reported at 46.39% in Q4 2025.

• On a quarterly basis, Gross Margin fell 66.0% year-over-year to 46.39% in Q4 2025; TTM through Dec 2025 was 45.0%, a 7.0% increase from a year earlier, with the FY2025 full-year figure at 44.99%, up 5.0% from the prior year.
• Gross Margin for Q4 2025 stood at 46.39%, up from 44.68% in the prior quarter.
• Over the last five years, Gross Margin for MNSO reached as high as 47.05% in Q4 2024 and fell as low as 25.85% in Q2 2021.
• Historically, Gross Margin has averaged 39.14% across 5 years, with a median of 41.77% in 2023.
• Across the five-year window, Gross Margin tumbled 426 bps in 2021 and soared 885 bps in 2022, its largest moves.
• Year by year, Gross Margin stood at 31.12% in 2021, then climbed by 28 bps to 39.97% in 2022, then grew by 6 bps to 42.46% in 2023, then increased by 11 bps to 47.05% in 2024, then slipped by 1 bps to 46.39% in 2025.
• Per Business Quant data, the three most recent Gross Margin figures were 46.39% in Q4 2025, 44.68% in Q3 2025, and 44.28% in Q2 2025.