The9 (NCTY) Operating Margin (2009 - 2026)
The9 (NCTY) reported Operating Margin of -1883.71% for Q2 2026, down 1979.50 percentage points from 95.79% a year earlier and down 1110.07 percentage points from the prior quarter.
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Analysis
The9 (NCTY) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, The9's Operating Margin came in at -292.85%, down 204.30 percentage points year-over-year; for FY2025, it was -260.53%, down 207.09 percentage points from FY2024.
- Operating Margin has a five-year change of -54091.96 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at -53.43% in FY2024 (+128.29 pp), -181.72% in FY2023 (+430.49 pp), -612.21% in FY2022 (-385.28 pp) and -226.93% in FY2021 (-54058.36 pp).
- The Q2 2026 figure ranks as the lowest quarterly Operating Margin since Q4 2019.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,125.63 Bn | 3,883.16 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,752.70 Bn | 1,455.22 Bn | 49.47 Bn | 30.88% |
| 3 | Netflix | 287.95 Bn | 248.15 Bn | 6.52 Bn | 33.38% |
| 4 | Alibaba Group Holding | 252.62 Bn | 66.39 Bn | 15.11 Bn | 5.64% |
| 5 | Shopify | 225.36 Bn | 202.54 Bn | 1.71 Bn | 13.62% |
| 6 | Uber Technologies | 140.41 Bn | 112.21 Bn | 6.38 Bn | 13.32% |
| 7 | Booking Holdings | 125.81 Bn | 58.86 Bn | - | 34.00% |
| 8 | PDD Holdings | 113.90 Bn | -129.87 Bn | 9.45 Bn | 24.71% |
| 9 | Spotify Technology | 108.48 Bn | 65.98 Bn | 1.86 Bn | 13.71% |
| 10 | The9 | 25.13 Mn | 6.93 Mn | 319,000.00 | -1,883.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1,883.71% |
| Mar 31, 2026 | -773.64% |
| Jun 30, 2025 | 95.79% |
| Mar 31, 2025 | -160.10% |
| 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% |
| Jun 30, 2011 | -335.78% |
| Mar 31, 2011 | -236.16% |
| Dec 31, 2010 | -383.86% |
| Sep 30, 2010 | -280.21% |
| Jun 30, 2010 | -297.24% |
| Mar 31, 2010 | -338.32% |
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_KEYimport 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();