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.
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,942.95 Bn | 2,819.97 Bn | 198.88 Bn | 52.05% |
| 2 | PDD Holdings | 508.05 Bn | 448.51 Bn | 9.83 Bn | 55.49% |
| 3 | Mercadolibre | 97.02 Bn | 81.83 Bn | 4.16 Bn | 40.90% |
| 4 | DoorDash | 93.69 Bn | 88.35 Bn | 2.35 Bn | 52.69% |
| 5 | JD.com | 87.61 Bn | 58.43 Bn | 7.66 Bn | 16.73% |
| 6 | Sea | 78.10 Bn | 69.58 Bn | 3.15 Bn | 44.32% |
| 7 | Ebay | 47.48 Bn | 44.17 Bn | 2.30 Bn | 73.45% |
| 8 | Coupang | 29.69 Bn | 23.58 Bn | 2.49 Bn | 28.16% |
| 9 | Zkh | 15.94 Bn | 15.94 Bn | 51.11 Mn | 16.68% |
| 10 | Wayfair | 13.68 Bn | 12.54 Bn | 1.05 Bn | 29.95% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 44.32% |
| Dec 31, 2025 | 43.76% |
| Sep 30, 2025 | 502.15% |
| Jun 30, 2025 | 523.23% |
| Mar 31, 2025 | 46.19% |
| Dec 31, 2024 | 44.55% |
| Sep 30, 2024 | 445.20% |
| Jun 30, 2024 | 462.60% |
| Mar 31, 2024 | 41.61% |
| Dec 31, 2023 | 298.53% |
| Sep 30, 2023 | 243.40% |
| Jun 30, 2023 | 274.06% |
| Mar 31, 2023 | 262.50% |
| Dec 31, 2022 | 178.88% |
| Sep 30, 2022 | 137.50% |
| Jun 30, 2022 | 121.10% |
| Mar 31, 2022 | 103.07% |
| Dec 31, 2021 | 92.63% |
| Sep 30, 2021 | 91.75% |
| Jun 30, 2021 | 90.88% |