Sea (SE) Gross Margin (2016 - 2026)
Sea's (SE) quarterly Gross Margin came in at 44.32% in Q1 2026, down 187.0% YoY from 50.94% in Q1 2025, and up 1.28% on a QoQ basis from 43.76% in Q4 2025.
Analysis
Sea (SE) Gross Margin (2016 - 2026) Analysis & Trends
Sea (SE) has 11 years of Gross Margin data on file, last reported at 44.32% in Q1 2026.
- Quarterly Gross Margin fell 187.0% year-over-year to 44.32% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 74.71% (down 3.0% YoY) and the FY2025 annual result came in at 44.66%, up 182.0% from the prior year.
- Gross Margin climbed to 44.32% in Q1 2026, from 43.76% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 523.23% in Q2 2025 to a low of 41.61% in Q1 2024.
- A 5-year average of 221.92% and a median of 178.88% in 2022 frame the typical range for Gross Margin.
- The widest YoY moves for Gross Margin: up 20181 bps in 2024, down 25397 bps in 2024.
- Tracing SE's Gross Margin over 5 years: stood at 178.88% in 2022, then surged by 67 bps to 298.53% in 2023, then sank by 85 bps to 44.55% in 2024, then slipped by 2 bps to 43.76% in 2025, then advanced by 1 bps to 44.32% in 2026.
- The last three Gross Margin figures came in at 44.32% (Q1 2026), 43.76% (Q4 2025), and 502.15% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,742.86 Bn | 2,619.88 Bn | 198.88 Bn | 52.05% |
| 2 | PDD Holdings | 116.24 Bn | -48,010.17 Bn | 9.45 Bn | 57.06% |
| 3 | Mercadolibre | 99.45 Bn | 84.25 Bn | 4.16 Bn | 40.90% |
| 4 | DoorDash | 98.02 Bn | 92.67 Bn | 2.35 Bn | 52.69% |
| 5 | Sea | 67.10 Bn | 58.70 Bn | 3.55 Bn | 45.58% |
| 6 | Ebay | 46.73 Bn | 43.42 Bn | 2.30 Bn | 73.45% |
| 7 | JD.com | 39.68 Bn | 7.13 Bn | 16.50 Bn | 16.91% |
| 8 | Coupang | 28.45 Bn | 22.34 Bn | 2.49 Bn | 28.16% |
| 9 | Wayfair | 12.37 Bn | 11.23 Bn | 1.05 Bn | 29.95% |
| 10 | Maplebear | 11.75 Bn | 10.90 Bn | 751.00 Mn | 72.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 45.58% |
| Mar 31, 2026 | 44.32% |
| Dec 31, 2025 | 43.76% |
| Sep 30, 2025 | 43.42% |
| Jun 30, 2025 | 45.82% |
| Mar 31, 2025 | 46.19% |
| Dec 31, 2024 | 44.55% |
| Sep 30, 2024 | 43.00% |
| Jun 30, 2024 | 41.63% |
| Mar 31, 2024 | 41.61% |
| Dec 31, 2023 | 42.16% |
| Sep 30, 2023 | 43.54% |
| Jun 30, 2023 | 0.05% |
| Mar 31, 2023 | 46.58% |
| Dec 31, 2022 | 49.17% |
| Sep 30, 2022 | 38.90% |
| Jun 30, 2022 | 0.04% |
| Mar 31, 2022 | 40.35% |
| Dec 31, 2021 | 40.68% |
| Sep 30, 2021 | 37.51% |