The9 (NCTY) Gross Margin (2009 - 2026)
The9 (NCTY) posted Gross Margin of 44.80% for Q2 2026, up 57.57 percentage points from -12.77% a year earlier and up 25.18 percentage points from the prior quarter.
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Analysis
The9 (NCTY) Gross Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at The9 was 4.52%, up 7.27 percentage points year-over-year; for FY2025, it was 1.68%, up 3.14 percentage points from FY2024.
- Annual Gross Margin has increased for three consecutive years, with a five-year change of +31.84 percentage points (FY2020 to FY2025).
- In prior years, The9's Gross Margin was -1.46% in FY2024 (+17.33 pp), -18.79% in FY2023 (+42.05 pp), -60.84% in FY2022 (-96.12 pp) and 35.29% in FY2021 (+65.45 pp).
- The Q2 2026 figure stands as the highest quarterly Gross Margin since Q3 2012.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,071.44 Bn | 3,828.96 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,777.07 Bn | 1,479.59 Bn | 49.47 Bn | 81.37% |
| 3 | Netflix | 272.74 Bn | 232.94 Bn | 6.52 Bn | 51.93% |
| 4 | Alibaba Group Holding | 242.17 Bn | 55.95 Bn | 15.11 Bn | 38.11% |
| 5 | Shopify | 225.98 Bn | 203.16 Bn | 1.71 Bn | 47.67% |
| 6 | Uber Technologies | 137.80 Bn | 109.60 Bn | 6.38 Bn | 44.93% |
| 7 | Booking Holdings | 121.57 Bn | 54.62 Bn | - | - |
| 8 | PDD Holdings | 110.14 Bn | -133.64 Bn | 9.45 Bn | 57.06% |
| 9 | Spotify Technology | 107.49 Bn | 64.99 Bn | 1.86 Bn | 33.41% |
| 10 | The9 | 25.24 Mn | 7.04 Mn | 319,000.00 | 44.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 44.80% |
| Mar 31, 2026 | 19.62% |
| Jun 30, 2025 | -12.77% |
| Mar 31, 2025 | 5.17% |
| 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% |
| Jun 30, 2011 | 46.78% |
| Mar 31, 2011 | 101.53% |
| Dec 31, 2010 | 5.40% |
| Sep 30, 2010 | 2,755.94% |
| Jun 30, 2010 | -17.10% |
| Mar 31, 2010 | 7.47% |
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_KEYimport 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();