The9 (NCTY) Net Margin (2009 - 2026)
The9 (NCTY) recorded Net Margin of 4572.61% in Q2 2026, up 4586.65 percentage points from -14.04% a year earlier and up 3351.78 percentage points from the prior quarter.
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Analysis
The9 (NCTY) Net Margin (2009 - 2026) Analysis & Trends
On a TTM basis, The9's Net Margin came in at 409.94% as of Jun 30, 2026, up 543.14 percentage points year-over-year; for FY2025, it was -372.99%, down 307.27 percentage points from FY2024.
- Annual Net Margin has a five-year change of -63984.82 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at -65.72% in FY2024 (-77.16 pp), 11.44% in FY2023 (+913.62 pp), -902.18% in FY2022 (-598.86 pp) and -303.32% in FY2021 (-63915.15 pp).
- The Q2 2026 figure is the highest quarterly Net Margin in data going back to Q1 2009.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,143.49 Bn | 3,901.02 Bn | 73.85 Bn | 93.58% |
| 2 | Meta Platforms | 1,756.01 Bn | 1,458.53 Bn | 49.47 Bn | 26.07% |
| 3 | Netflix | 290.84 Bn | 251.04 Bn | 6.52 Bn | 27.08% |
| 4 | Alibaba Group Holding | 253.41 Bn | 67.18 Bn | 15.11 Bn | 3.92% |
| 5 | Shopify | 225.91 Bn | 203.09 Bn | 1.71 Bn | 41.92% |
| 6 | Uber Technologies | 140.82 Bn | 112.62 Bn | 6.38 Bn | 16.87% |
| 7 | Booking Holdings | 126.36 Bn | 59.41 Bn | - | 26.52% |
| 8 | PDD Holdings | 114.08 Bn | -129.69 Bn | 9.45 Bn | 24.19% |
| 9 | Spotify Technology | 109.04 Bn | 66.54 Bn | 1.86 Bn | 11.41% |
| 10 | The9 | 25.20 Mn | 7.00 Mn | 319,000.00 | 4,540.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4,540.15% |
| Mar 31, 2026 | 1,211.88% |
| Jun 30, 2025 | -14.04% |
| Mar 31, 2025 | -174.38% |
| Dec 31, 2013 | -529.50% |
| Sep 30, 2013 | -376.60% |
| Jun 30, 2013 | -656.93% |
| Mar 31, 2013 | -596.71% |
| Dec 31, 2012 | -692.14% |
| Sep 30, 2012 | -575.80% |
| Jun 30, 2012 | -213.93% |
| Mar 31, 2012 | -223.16% |
| Dec 31, 2011 | -465.76% |
| Sep 30, 2011 | -350.62% |
| Jun 30, 2011 | -63.44% |
| Mar 31, 2011 | -213.68% |
| Dec 31, 2010 | -967.01% |
| Sep 30, 2010 | -266.64% |
| Jun 30, 2010 | -262.75% |
| Mar 31, 2010 | -339.03% |
API Access
The9 Net 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=net-margin&ticker=NCTY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=NCTY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();