Sea (SE) Operating Margin (2016 - 2026)
Sea (SE) posted Operating Margin of 9.12% for the quarter ended Jun 30, 2026, down 1.04 percentage points from 10.16% a year earlier but up 0.77 percentage points from the prior quarter.
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Analysis
Sea (SE) Operating Margin (2016 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Sea was 8.61%, up 0.76 percentage points year-over-year; for the year ended Dec 31, 2025, it was 8.65%, up 4.72 percentage points from the prior year.
- Annual Operating Margin has increased for eight consecutive years, with a five-year change of +38.44 percentage points (years ended Dec 2020 to Dec 2025).
- In prior years, Sea's Operating Margin was 3.94% in the year ended Dec 31, 2024 (+2.22 pp), 1.72% in the year ended Dec 31, 2023 (+13.67 pp), -11.95% in the year ended Dec 31, 2022 (+3.95 pp) and -15.90% in the year ended Dec 31, 2021 (+13.88 pp).
- Quarterly Operating Margin has run from a low of -28433.91% in the quarter ended Jun 30, 2022 to a high of 10.16% in the quarter ended Jun 30, 2025 over five years.
- On a year-over-year basis, Operating Margin increased in six of the last eight quarters, with an average year-over-year change of +486.34 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was the quarter ended Jun 30, 2023, with a gain of 28443.08 percentage points; the weakest was the quarter ended Jun 30, 2022, with a drop of 13787.61 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 8.35% (quarter ended Mar 31, 2026), 8.25% (quarter ended Dec 31, 2025) and 8.70% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,248.48 Bn | 4,006.00 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,873.50 Bn | 1,576.02 Bn | 49.47 Bn | 30.88% |
| 3 | Netflix | 304.25 Bn | 264.45 Bn | 6.52 Bn | 33.38% |
| 4 | Alibaba Group Holding | 257.83 Bn | 71.60 Bn | 15.11 Bn | 5.64% |
| 5 | Shopify | 230.63 Bn | 207.82 Bn | 1.71 Bn | 13.62% |
| 6 | Uber Technologies | 145.10 Bn | 116.90 Bn | 6.38 Bn | 13.32% |
| 7 | Booking Holdings | 127.39 Bn | 60.44 Bn | - | 34.00% |
| 8 | PDD Holdings | 115.26 Bn | -128.52 Bn | 9.45 Bn | 24.71% |
| 9 | Spotify Technology | 109.42 Bn | 66.92 Bn | 1.86 Bn | 13.71% |
| 10 | Sea | 58.10 Bn | 17.99 Bn | 3.55 Bn | 9.12% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.12% |
| Mar 31, 2026 | 8.35% |
| Dec 31, 2025 | 8.25% |
| Sep 30, 2025 | 8.70% |
| Jun 30, 2025 | 10.16% |
| Mar 31, 2025 | 9.43% |
| Dec 31, 2024 | 6.18% |
| Sep 30, 2024 | 5.18% |
| Jun 30, 2024 | 2.39% |
| Mar 31, 2024 | 1.90% |
| Dec 31, 2023 | -1.56% |
| Sep 30, 2023 | -3,859.02% |
| Jun 30, 2023 | 9.17% |
| Mar 31, 2023 | 4.12% |
| Dec 31, 2022 | 9.93% |
| Sep 30, 2022 | -15,705.06% |
| Jun 30, 2022 | -28,433.91% |
| Mar 31, 2022 | -17.18% |
| Dec 31, 2021 | -13.72% |
| Sep 30, 2021 | -17,053.77% |
API Access
Sea Operating 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=operating-margin&ticker=SE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=SE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();