MINISO Group Holding (MSOGF) Operating Margin (2019 - 2025)

MINISO Group Holding has disclosed Operating Margin across 7 years of filings, most recently posting 14.56% for Q4 2025.

• In Q4 2025, Operating Margin fell 599.0% year-over-year to 14.56%; the TTM figure through Dec 2025 stood at 15.4% (down 459.0% YoY), while the FY2025 annual figure was 15.4%, down 411.0% from the prior year.
• Operating Margin held at 14.56% in Q4 2025, from 14.6% in the prior quarter.
• Over the last five years, Operating Margin for MSOGF reached as high as 21.22% in Q2 2023 and fell as low as 7.22% in Q1 2021.
• The 5-year median for Operating Margin is 17.39% (2022), against an average of 15.73%.
• Annual changes were most pronounced in 2022 — Operating Margin surged 1033 bps — and 2025, when it sank 599 bps.
• A 5-year view of Operating Margin shows it stood at 9.21% in 2021, then surged by 95 bps to 17.94% in 2022, then gained by 13 bps to 20.36% in 2023, then gained by 1 bps to 20.55% in 2024, then decreased by 29 bps to 14.56% in 2025.
• According to Business Quant data, Operating Margin over the past three periods registered 14.56%, 14.6%, and 16.84% for Q4 2025, Q3 2025, and Q2 2025 respectively.