Mogu (MOGU) Operating Margin (2017 - 2026)
Mogu (MOGU) posted Operating Margin of 70.88% for Q1 2026, up 5.76% sequentially from 75.21% in Q1 2025, and up 433.0% YoY from 13.3% in Q1 2025.
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Mogu (MOGU) Operating Margin (2017 - 2026) Analysis & Trends
Mogu has reported Operating Margin for 10 years, with the latest figure at 70.88% in Q1 2026.
- Quarterly Operating Margin rose 433.0% year-over-year to 70.88% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 81.24% (up 2645.0% YoY) and the FY2026 annual result came in at 57.57%, up 1404.0% from the prior year.
- Operating Margin rose to 70.88% in Q1 2026 per MOGU's latest filing, from 75.21% in the prior quarter.
- Over five years, Operating Margin peaked at 35.15% in Q1 2024 and troughed at 143.08% in Q1 2022.
- A 5-year average of 88.64% and a median of 75.21% in 2025 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2024 and 2025: Operating Margin jumped 8376 bps in 2024, then sank 4005 bps in 2025.
- Over 5 years, Operating Margin stood at 143.08% in 2022, then advanced by 17 bps to 118.91% in 2023, then soared by 70 bps to 35.15% in 2024, then sank by 114 bps to 75.21% in 2025, then gained by 6 bps to 70.88% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 70.88%, 75.21%, and 35.15% for Q1 2026, Q1 2025, and Q1 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,742.86 Bn | 2,619.88 Bn | 198.88 Bn | 13.43% |
| 2 | PDD Holdings | 116.24 Bn | -48,010.17 Bn | 9.45 Bn | 24.71% |
| 3 | Mercadolibre | 99.45 Bn | 84.25 Bn | 4.16 Bn | 6.72% |
| 4 | DoorDash | 98.02 Bn | 92.67 Bn | 2.35 Bn | 3.50% |
| 5 | Sea | 67.10 Bn | 58.70 Bn | 3.55 Bn | 82.81% |
| 6 | Ebay | 46.73 Bn | 43.42 Bn | 2.30 Bn | 21.57% |
| 7 | JD.com | 39.68 Bn | 7.13 Bn | 16.50 Bn | 1.26% |
| 8 | Coupang | 28.45 Bn | 22.34 Bn | 2.49 Bn | -6.28% |
| 9 | Wayfair | 12.37 Bn | 11.23 Bn | 1.05 Bn | 2.96% |
| 10 | Mogu | 4.05 Bn | 4.00 Bn | - | -70.88% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -70.88% |
| Mar 31, 2025 | -75.21% |
| Mar 31, 2024 | -35.15% |
| Mar 31, 2023 | -118.91% |
| Mar 31, 2022 | -143.08% |
| Sep 30, 2021 | -428.52% |
| Jun 30, 2021 | -106.58% |
| Mar 31, 2021 | -121.38% |
| Dec 31, 2020 | -84.09% |
| Sep 30, 2020 | -89.31% |
| Jun 30, 2020 | -71.66% |
| Mar 31, 2020 | -125.30% |
| Dec 31, 2019 | -591.71% |
| Sep 30, 2019 | -112.97% |
| Jun 30, 2019 | -42.32% |
| Mar 31, 2019 | -77.24% |
| Dec 31, 2018 | -26.61% |
| Sep 30, 2018 | -82.15% |
| Jun 30, 2018 | -45.53% |
| Mar 31, 2018 | -77.82% |