So-Young International (SY) Gross Margin (2018 - 2026)

So-Young International has reported Gross Margin for 9 years, with the latest figure at 44.11% in Q2 2026.

• On a quarterly basis, Gross Margin fell 716.0% year-over-year to 44.11% in Q2 2026; TTM through Jun 2026 was 44.35%, a 1114.0% decrease from a year earlier, with the FY2025 full-year figure at 47.77%, down 1354.0% from the prior year.
• Gross Margin was 44.11% for Q2 2026 at So-Young International, up from 42.0% in the prior quarter.
• The five-year high for Gross Margin was 72.87% in Q4 2022, with the low at 42.0% in Q1 2026.
• Average Gross Margin over 5 years is 58.48%, with a median of 62.46% recorded in 2023.
• The largest YoY upside for Gross Margin was 115 bps in 2022 against a maximum downside of 2093 bps in 2022.
• Over 5 years, Gross Margin stood at 72.87% in 2022, then retreated by 11 bps to 64.76% in 2023, then retreated by 10 bps to 58.55% in 2024, then decreased by 24 bps to 44.45% in 2025, then slipped by 1 bps to 44.11% in 2026.
• The last three Gross Margin figures came in at 44.11% (Q2 2026), 42.0% (Q1 2026), and 44.45% (Q4 2025), per Business Quant data.