Hello (MOMO) Gross Margin (2013 - 2026)

Hello (MOMO) posted Gross Margin of 37.44% for Q4 2025, up 0.57% sequentially from 37.22% in Q3 2025, and up 286.0% YoY from 9.7% in Q4 2024.

Analysis

Hello (MOMO) Gross Margin (2013 - 2026) Analysis & Trends

Hello has reported Gross Margin for 13 years, with the latest figure at 37.44% in Q4 2025.

Quarterly Gross Margin rose 286.0% year-over-year to 37.44% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 37.65% (down 146.0% YoY) and the FY2025 annual result came in at 36.8%, down 278.0% from the prior year.
Gross Margin advanced to 37.44% in Q4 2025 per MOMO's latest filing, from 37.22% in the prior quarter.
Over five years, Gross Margin peaked at 44.15% in Q1 2021 and troughed at 34.58% in Q4 2024.
A 5-year average of 40.6% and a median of 41.09% in 2023 frame the typical range for Gross Margin.
The sharpest annual moves came in 2024 and 2025: Gross Margin sank 647 bps in 2024, then soared 286 bps in 2025.
Over 5 years, Gross Margin stood at 40.35% in 2021, then gained by 0 bps to 40.36% in 2022, then climbed by 2 bps to 41.05% in 2023, then fell by 16 bps to 34.58% in 2024, then rose by 8 bps to 37.44% in 2025.
According to Business Quant data, Gross Margin over the past three periods registered 37.44%, 37.22%, and 38.27% for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Set

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Alphabet	4,083.83 Bn	3,654.79 Bn	73.85 Bn	61.65%
2	Meta Platforms	1,456.07 Bn	1,365.81 Bn	49.47 Bn	81.37%
3	Spotify Technology	111.71 Bn	104.79 Bn	1.86 Bn	33.41%
4	Nebius	50.03 Bn	40.93 Bn	448.70 Mn	77.06%
5	Reddit	28.44 Bn	25.65 Bn	734.60 Mn	91.27%
6	Bilibili	13.59 Bn	11.45 Bn	433.97 Mn	37.22%
7	Tencent Music Entertainment	12.71 Bn	9.21 Bn	582.00 Mn	-
8	Pinterest	12.21 Bn	10.93 Bn	922.30 Mn	78.18%
9	Match	9.45 Bn	8.86 Bn	648.84 Mn	76.06%
10	Hello	921.46 Mn	102.26 Mn	133.20 Mn	38.51%

Historic Data

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