The9 (NCTY) Operating Margin (2009 - 2026)

The9 (NCTY) posted Operating Margin of 1883.71% for Q2 2026, up 12.0% on a QoQ basis from 2140.63% in Q1 2026, and down 197950.0% year-over-year from N/an in Q2 2025.

Analysis

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

The9 has reported Operating Margin for 13 years, with the latest figure at 1883.71% in Q2 2026.

On a quarterly basis, Operating Margin fell 197950.0% year-over-year to 1883.71% in Q2 2026; TTM through Jun 2026 was 327.73%, a 27722.0% decrease from a year earlier, with the FY2025 full-year figure at 260.53%, down 20709.0% from the prior year.
Operating Margin was 1883.71% for Q2 2026 at The9, up from 2140.63% in the prior quarter.
The five-year high for Operating Margin was 95.79% in Q2 2025, with the low at 2140.63% in Q1 2026.

Peer Set

Peer Comparison

All peers

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Operating Margin (Qtr)
1	NetEase	74.18 Bn	64.04 Bn	3.13 Bn	40.16%
2	Electronic Arts	52.84 Bn	50.56 Bn	1.71 Bn	25.83%
3	Take Two Interactive Software	38.42 Bn	36.59 Bn	882.50 Mn	-2.31%
4	Roblox	34.16 Bn	31.13 Bn	1.18 Bn	-15.59%
5	The9	2.85 Bn	2.85 Bn	319,000.00	-1,883.71%
6	Playtika Holding	842.89 Mn	404.39 Mn	538.20 Mn	18.41%
7	DoubleDown Interactive	631.81 Mn	78.25 Mn	71.22 Mn	38.72%
8	Gravity	481.91 Mn	481.47 Mn	34,891.11	17.04%
9	Sohu.com	327.69 Mn	-504.94 Mn	133.81 Mn	-13.50%
10	Gdev	201.47 Mn	119.23 Mn	-	21.72%

Historic Data

Download Data

Date	Value
Jun 30, 2026	-1,883.71%
Mar 31, 2026	-2,140.63%
Jun 30, 2025	95.79%
Mar 31, 2025	-160.10%
Dec 31, 2019	-181.57%
Dec 31, 2018	-1,083.58%
Dec 31, 2017	-37.71%
Dec 31, 2016	-342.82%
Dec 31, 2015	-865.24%
Dec 31, 2014	17.39%
Dec 31, 2013	-491.43%
Sep 30, 2013	-390.83%
Jun 30, 2013	-546.86%
Mar 31, 2013	-618.92%
Dec 31, 2012	-807.81%
Sep 30, 2012	-586.10%
Jun 30, 2012	-223.59%
Mar 31, 2012	-234.27%
Dec 31, 2011	-430.56%
Sep 30, 2011	-355.43%

API Access

The9 Operating 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=operating-margin&ticker=NCTY&period=max&api_key=YOUR_API_KEY

import requests

url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=NCTY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();

API documentation

The9 (NCTY) Operating Margin (2009 - 2026)