MINISO Group Holding (MNSO) Net Margin (2019 - 2026)
MINISO Group Holding's (MNSO) quarterly Net Margin came in at 4.96% in Q2 2026, down 1482.0% year-over-year from 0.36% in Q2 2025, and down 122.65% quarter-over-quarter from 21.9% in Q1 2026.
Analysis
MINISO Group Holding (MNSO) Net Margin (2019 - 2026) Analysis & Trends
MINISO Group Holding (MNSO) has reported Net Margin for 8 consecutive years, with 4.96% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin fell 1482.0% year-over-year to 4.96% in Q2 2026; TTM through Jun 2026 was 5.29%, a 734.0% decrease from a year earlier, with the FY2025 full-year figure at 5.62%, down 978.0% from the prior year.
- Net Margin was 4.96% for Q2 2026 at MINISO Group Holding, down from 21.9% in the prior quarter.
- Over five years, Net Margin peaked at 43.03% in Q3 2023 and troughed at 4.96% in Q2 2026.
- A 5-year average of 13.72% and a median of 14.56% in 2024 frame the typical range for Net Margin.
- Across the five-year window, Net Margin jumped 2759 bps in 2023 and tumbled 2884 bps in 2024, its largest moves.
- Over 5 years, Net Margin stood at 14.13% in 2022, then increased by 16 bps to 16.36% in 2023, then advanced by 5 bps to 17.1% in 2024, then slumped by 113 bps to 2.26% in 2025, then tumbled by 119 bps to 4.96% in 2026.
- The last three Net Margin figures came in at 4.96% (Q2 2026), 21.9% (Q1 2026), and 2.26% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Target | 71.11 Bn | 65.70 Bn | 8.94 Bn | 7.07% |
| 2 | Five Below | 13.55 Bn | 12.36 Bn | 612.42 Mn | 17.55% |
| 3 | Ollie's Bargain Outlet Holdings | 4.37 Bn | 4.19 Bn | 322.17 Mn | 11.53% |
| 4 | MINISO Group Holding | 2.77 Bn | 1.69 Bn | 387.56 Mn | -4.96% |
| 5 | Savers Value Village | 1.49 Bn | 1.40 Bn | 254.92 Mn | 4.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.96% |
| Mar 31, 2026 | 21.90% |
| Dec 31, 2025 | -2.26% |
| Sep 30, 2025 | 7.56% |
| Jun 30, 2025 | 9.86% |
| Mar 31, 2025 | 9.40% |
| Dec 31, 2024 | 17.10% |
| Sep 30, 2024 | 14.19% |
| Jun 30, 2024 | 14.56% |
| Mar 31, 2024 | 15.80% |
| Dec 31, 2023 | 16.36% |
| Sep 30, 2023 | 43.03% |
| Jun 30, 2023 | 16.58% |
| Mar 31, 2023 | 15.76% |
| Dec 31, 2022 | 14.13% |
| Sep 30, 2022 | 15.44% |
| Jun 30, 2022 | 8.84% |
| Dec 31, 2021 | 6.66% |
| Sep 30, 2021 | 5.73% |
| Jun 30, 2021 | 4.65% |