Sea (SE) Net Margin (2016 - 2026)
Sea's Net Margin was 6.43% in the quarter ended Jun 30, 2026, down 2.21 percentage points from 8.63% a year earlier but up 0.40 percentage points from the prior quarter.
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Analysis
Sea (SE) Net Margin (2016 - 2026) Analysis & Trends
On a trailing twelve-month basis, Sea's Net Margin was 6.25% through Jun 30, 2026, down 0.28 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 7.02%, up 4.37 percentage points from the prior year.
- Net Margin has now increased for eight consecutive years, with a five-year change of +44.00 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Net Margin was 2.65% in the year ended Dec 31, 2024 (+1.50 pp), 1.15% in the year ended Dec 31, 2023 (+14.42 pp), -13.26% in the year ended Dec 31, 2022 (+7.29 pp) and -20.56% in the year ended Dec 31, 2021 (+16.42 pp).
- Quarterly Net Margin has moved between -31.71% (the quarter ended Jun 30, 2022) and 12.37% (the quarter ended Dec 31, 2022) over five years.
- Compared with a year earlier, Net Margin was higher in six of the last eight quarters, with an average year-over-year change of +3.87 percentage points.
- The best year-over-year quarter for Net Margin over five years was the quarter ended Jun 30, 2023 (a gain of 42.40 percentage points); the worst was the quarter ended Dec 31, 2023 (a drop of 15.40 percentage points).
- Per Business Quant data, SE's Net Margin in the three quarters before the quarter ended Jun 30, 2026 was 6.03% (quarter ended Mar 31, 2026), 5.80% (quarter ended Dec 31, 2025) and 6.86% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,441.41 Bn | 3,176.31 Bn | 76.16 Bn | 20.51% |
| 2 | Meta Platforms | 1,546.51 Bn | 1,211.03 Bn | 51.23 Bn | 15.26% |
| 3 | Netflix | 269.88 Bn | 231.18 Bn | 6.80 Bn | 28.46% |
| 4 | Alibaba Group Holding | 251.04 Bn | 64.67 Bn | 15.16 Bn | 3.92% |
| 5 | Shopify | 185.46 Bn | 164.27 Bn | 1.78 Bn | 12.35% |
| 6 | Uber Technologies | 139.78 Bn | 111.58 Bn | 6.38 Bn | 16.87% |
| 7 | Booking Holdings | 126.33 Bn | 60.08 Bn | - | 30.55% |
| 8 | Spotify Technology | 126.29 Bn | 83.21 Bn | 1.89 Bn | 10.42% |
| 9 | AppLovin | 119.11 Bn | 107.63 Bn | 1.94 Bn | 65.86% |
| 10 | Sea | 45.03 Bn | 4.92 Bn | 3.55 Bn | 6.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.43% |
| Mar 31, 2026 | 6.17% |
| Dec 31, 2025 | 6.00% |
| Sep 30, 2025 | 6.86% |
| Jun 30, 2025 | 8.63% |
| Mar 31, 2025 | 8.49% |
| Dec 31, 2024 | 4.80% |
| Sep 30, 2024 | 3.92% |
| Jun 30, 2024 | 2.31% |
| Mar 31, 2024 | -0.63% |
| Dec 31, 2023 | -3.03% |
| Sep 30, 2023 | -4.35% |
| Jun 30, 2023 | 10.69% |
| Mar 31, 2023 | 2.90% |
| Dec 31, 2022 | 12.37% |
| Sep 30, 2022 | -17.91% |
| Jun 30, 2022 | -31.71% |
| Mar 31, 2022 | -20.00% |
| Dec 31, 2021 | -19.17% |
| Sep 30, 2021 | -21.31% |
API Access
Sea Net 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=net-margin&ticker=SE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=SE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();