Sea Ltd (SE) Gross Margin (2016 - 2026)

Sea (SE) has reported Gross Margin for 11 consecutive years, with 44.32% the latest figure, recorded in Q1 2026.

• Gross Margin for Q1 2026 came in at 44.32%, down 187.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 46.06% (up 11.0% YoY), and the FY2025 annual result was 44.66%, up 182.0% from the prior year.
• Gross Margin was 44.32% for Q1 2026 at Sea, up from 43.76% in the prior quarter.
• Over five years, Gross Margin peaked at 298.53% in Q4 2023 and troughed at 41.61% in Q1 2024.
• Average Gross Margin over 5 years is 119.44%, with a median of 50.22% recorded in 2025.
• Year-over-year, Gross Margin surged 15943 bps in 2023 and slumped 25397 bps in 2024.
• Over 5 years, Gross Margin stood at 178.88% in 2022, then surged by 67 bps to 298.53% in 2023, then plunged by 85 bps to 44.55% in 2024, then fell by 2 bps to 43.76% in 2025, then increased by 1 bps to 44.32% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 44.32% in Q1 2026, 43.76% in Q4 2025, and 47.53% in Q3 2025.