Sea (SE) Operating Margin (2016 - 2026)
Sea's (SE) quarterly Operating Margin came in at 80.28% in Q1 2026, down 267.0% YoY from 48.07% in Q1 2025, and up 1.28% on a QoQ basis from 79.27% in Q4 2025.
Analysis
Sea (SE) Operating Margin (2016 - 2026) Analysis & Trends
Sea (SE) has 11 years of Operating Margin data on file, last reported at 80.28% in Q1 2026.
- Quarterly Operating Margin fell 267.0% year-over-year to 80.28% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 135.22% (up 3165.0% YoY) and the FY2025 annual result came in at 8.65%, up 472.0% from the prior year.
- Operating Margin grew to 80.28% in Q1 2026, from 79.27% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 940.56% in Q2 2025 to a low of 92.94% in Q2 2022.
- A 5-year average of 219.93% and a median of 36.13% in 2022 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin slumped 6033 bps — and 2024, when it soared 86356 bps.
- Tracing SE's Operating Margin over 5 years: stood at 36.13% in 2022, then slumped by 131 bps to 11.07% in 2023, then soared by 156 bps to 6.18% in 2024, then jumped by 1183 bps to 79.27% in 2025, then increased by 1 bps to 80.28% in 2026.
- The last three Operating Margin figures came in at 80.28% (Q1 2026), 79.27% (Q4 2025), and 912.35% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,746.20 Bn | 2,623.21 Bn | 198.88 Bn | 13.43% |
| 2 | PDD Holdings | 116.28 Bn | -48,010.13 Bn | 9.45 Bn | 24.71% |
| 3 | DoorDash | 98.95 Bn | 93.61 Bn | 2.35 Bn | 3.50% |
| 4 | Mercadolibre | 98.90 Bn | 83.71 Bn | 4.16 Bn | 6.72% |
| 5 | Sea | 67.51 Bn | 59.11 Bn | 3.55 Bn | 82.81% |
| 6 | Ebay | 46.90 Bn | 43.59 Bn | 2.30 Bn | 21.57% |
| 7 | JD.com | 39.64 Bn | 7.09 Bn | 16.50 Bn | 1.26% |
| 8 | Coupang | 28.35 Bn | 22.24 Bn | 2.49 Bn | -6.28% |
| 9 | Wayfair | 12.44 Bn | 11.30 Bn | 1.05 Bn | 2.96% |
| 10 | Maplebear | 11.73 Bn | 10.88 Bn | 751.00 Mn | 13.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 82.81% |
| Mar 31, 2026 | 80.28% |
| Dec 31, 2025 | 79.27% |
| Sep 30, 2025 | 78.90% |
| Jun 30, 2025 | 82.36% |
| Mar 31, 2025 | 82.96% |
| Dec 31, 2024 | 6.18% |
| Sep 30, 2024 | 81.32% |
| Jun 30, 2024 | 81.08% |
| Mar 31, 2024 | 81.31% |
| Dec 31, 2023 | -1.56% |
| Sep 30, 2023 | -3.86% |
| Jun 30, 2023 | 0.01% |
| Mar 31, 2023 | 4.12% |
| Dec 31, 2022 | 9.93% |
| Sep 30, 2022 | -15.71% |
| Jun 30, 2022 | -0.03% |
| Mar 31, 2022 | -17.18% |
| Dec 31, 2021 | -13.72% |
| Sep 30, 2021 | -17.05% |