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.
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,942.95 Bn | 2,819.97 Bn | 198.88 Bn | 13.43% |
| 2 | PDD Holdings | 508.05 Bn | 448.51 Bn | 9.83 Bn | 22.37% |
| 3 | Mercadolibre | 97.02 Bn | 81.83 Bn | 4.16 Bn | 6.72% |
| 4 | DoorDash | 93.69 Bn | 88.35 Bn | 2.35 Bn | 3.50% |
| 5 | JD.com | 87.61 Bn | 58.43 Bn | 7.66 Bn | 1.21% |
| 6 | Sea | 78.10 Bn | 69.58 Bn | 3.15 Bn | 80.28% |
| 7 | Ebay | 47.48 Bn | 44.17 Bn | 2.30 Bn | 21.57% |
| 8 | Coupang | 29.69 Bn | 23.58 Bn | 2.49 Bn | -6.28% |
| 9 | Zkh | 15.94 Bn | 15.94 Bn | 51.11 Mn | -1.06% |
| 10 | Wayfair | 13.68 Bn | 12.54 Bn | 1.05 Bn | 2.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 80.28% |
| Dec 31, 2025 | 79.27% |
| Sep 30, 2025 | 912.35% |
| Jun 30, 2025 | 940.56% |
| Mar 31, 2025 | 82.96% |
| Dec 31, 2024 | 6.18% |
| Sep 30, 2024 | 841.99% |
| Jun 30, 2024 | 901.00% |
| Mar 31, 2024 | 6.33% |
| Dec 31, 2023 | -11.07% |
| Sep 30, 2023 | -21.57% |
| Jun 30, 2023 | 53.61% |
| Mar 31, 2023 | 23.20% |
| Dec 31, 2022 | 36.13% |
| Sep 30, 2022 | -55.51% |
| Jun 30, 2022 | -92.94% |
| Mar 31, 2022 | -43.87% |
| Dec 31, 2021 | -31.24% |
| Sep 30, 2021 | -41.71% |
| Jun 30, 2021 | -32.61% |