The9 (NCTY) Gross Margin (2009 - 2026)

The9 (NCTY) posted Gross Margin of 44.8% for Q2 2026, down 17.49% on a QoQ basis from 54.3% in Q1 2026, and up 5757.0% year-over-year from 0.76% in Q2 2025.

Analysis

The9 (NCTY) Gross Margin (2009 - 2026) Analysis & Trends

The9 has reported Gross Margin for 13 years, with the latest figure at 44.8% in Q2 2026.

On a quarterly basis, Gross Margin rose 5757.0% year-over-year to 44.8% in Q2 2026; TTM through Jun 2026 was 5.05%, a 671.0% increase from a year earlier, with the FY2025 full-year figure at 1.68%, up 314.0% from the prior year.
Gross Margin was 44.8% for Q2 2026 at The9, down from 54.3% in the prior quarter.
The five-year high for Gross Margin was 54.3% in Q1 2026, with the low at 12.77% in Q2 2025.

Peer Set

Peer Comparison

All peers

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	NetEase	74.18 Bn	64.04 Bn	3.13 Bn	70.47%
2	Electronic Arts	52.84 Bn	50.56 Bn	1.71 Bn	86.20%
3	Take Two Interactive Software	38.42 Bn	36.59 Bn	882.50 Mn	57.53%
4	Roblox	34.16 Bn	31.13 Bn	1.18 Bn	80.12%
5	The9	2.85 Bn	2.85 Bn	319,000.00	44.80%
6	Playtika Holding	842.89 Mn	404.39 Mn	538.20 Mn	73.62%
7	DoubleDown Interactive	631.81 Mn	78.25 Mn	71.22 Mn	75.54%
8	Gravity	481.91 Mn	481.47 Mn	34,891.11	32.33%
9	Sohu.com	327.69 Mn	-504.94 Mn	133.81 Mn	98.73%
10	Gdev	201.47 Mn	119.23 Mn	-	-

Historic Data

Download Data

Date	Value
Jun 30, 2026	44.80%
Mar 31, 2026	54.30%
Jun 30, 2025	-12.77%
Mar 31, 2025	5.17%
Dec 31, 2019	-1.26%
Dec 31, 2018	-15.77%
Dec 31, 2017	76.02%
Dec 31, 2016	39.23%
Dec 31, 2015	-49.55%
Dec 31, 2014	-19.59%
Dec 31, 2013	11.93%
Sep 30, 2013	-23.86%
Jun 30, 2013	11.23%
Mar 31, 2013	-4,067.12%
Dec 31, 2012	-7,170.93%
Sep 30, 2012	45.65%
Jun 30, 2012	66.65%
Mar 31, 2012	62.91%
Dec 31, 2011	45.03%
Sep 30, 2011	47.59%

API Access

The9 Gross Margin API

Pull this series into your own models, spreadsheets and apps with the Business Quant Historical Metrics API. The request below matches the chart above — change the frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/historic?slug=gross-margin&ticker=NCTY&period=max&api_key=YOUR_API_KEY

import requests

url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "NCTY", "period": "max", "api_key": "YOUR_API_KEY"}

data = requests.get(url, params=params).json()

const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=NCTY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();

API documentation

The9 (NCTY) Gross Margin (2009 - 2026)