Sea (SE) Gross Margin (2016 - 2026)
Sea's Gross Margin came in at 49.79% for the quarter ended Jun 30, 2026, down 0.43 percentage points from 50.22% a year earlier but up 5.47 percentage points from the prior quarter.
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Analysis
Sea (SE) Gross Margin (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Sea reported Gross Margin of 46.31%, down 0.79 percentage points year-over-year; for the year ended Dec 31, 2025, it was 44.66%, up 1.82 percentage points from the prior year.
- Gross Margin carries a five-year change of +13.83 percentage points (years ended Dec 2020 to Dec 2025).
- Going back by year, Gross Margin was 42.84% in the year ended Dec 31, 2024 (-1.82 pp), 44.66% in the year ended Dec 31, 2023 (+3.01 pp), 41.65% in the year ended Dec 31, 2022 (+2.52 pp) and 39.13% in the year ended Dec 31, 2021 (+8.31 pp).
- The five-year range for quarterly Gross Margin is 40.35% (the quarter ended Mar 31, 2022) to 46868.13% (the quarter ended Jun 30, 2023).
- Year-over-year, Gross Margin has declined for four consecutive quarters, with an average year-over-year change of -5435.68 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in the quarter ended Jun 30, 2023 (a gain of 9818.64 percentage points), and the weakest in the quarter ended Jun 30, 2024 (a drop of 46822.38 percentage points).
- Business Quant data shows SE's Gross Margin at 44.32% (quarter ended Mar 31, 2026), 43.76% (quarter ended Dec 31, 2025) and 47.53% (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,248.48 Bn | 4,006.00 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,873.50 Bn | 1,576.02 Bn | 49.47 Bn | 81.37% |
| 3 | Netflix | 304.25 Bn | 264.45 Bn | 6.52 Bn | 51.93% |
| 4 | Alibaba Group Holding | 257.83 Bn | 71.60 Bn | 15.11 Bn | 38.11% |
| 5 | Shopify | 230.63 Bn | 207.82 Bn | 1.71 Bn | 47.67% |
| 6 | Uber Technologies | 145.10 Bn | 116.90 Bn | 6.38 Bn | 44.93% |
| 7 | Booking Holdings | 127.39 Bn | 60.44 Bn | - | - |
| 8 | PDD Holdings | 115.26 Bn | -128.52 Bn | 9.45 Bn | 57.06% |
| 9 | Spotify Technology | 109.42 Bn | 66.92 Bn | 1.86 Bn | 33.41% |
| 10 | Sea | 58.10 Bn | 17.99 Bn | 3.55 Bn | 49.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 49.79% |
| Mar 31, 2026 | 44.32% |
| Dec 31, 2025 | 43.76% |
| Sep 30, 2025 | 47.53% |
| Jun 30, 2025 | 50.22% |
| Mar 31, 2025 | 46.19% |
| Dec 31, 2024 | 44.55% |
| Sep 30, 2024 | 47.59% |
| Jun 30, 2024 | 45.75% |
| Mar 31, 2024 | 41.61% |
| Dec 31, 2023 | 42.16% |
| Sep 30, 2023 | 43,541.36% |
| Jun 30, 2023 | 46,868.13% |
| Mar 31, 2023 | 46.58% |
| Dec 31, 2022 | 49.17% |
| Sep 30, 2022 | 38,901.68% |
| Jun 30, 2022 | 37,049.49% |
| Mar 31, 2022 | 40.35% |
| Dec 31, 2021 | 40.68% |
| Sep 30, 2021 | 37,513.85% |
API Access
Sea 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=SE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "SE", "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=SE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();