Tuya (TUYA) Operating Margin (2020 - 2026)
Tuya (TUYA) posted Operating Margin of 10.02% for Q2 2026, up 8.66 percentage points from 1.36% a year earlier and up 0.78 percentage points from the prior quarter.
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Analysis
Tuya (TUYA) Operating Margin (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Tuya was 8.40%, up 15.08 percentage points year-over-year; for FY2025, it was 3.57%, up 19.51 percentage points from FY2024.
- Annual Operating Margin has increased for three consecutive years, with a five-year change of +42.40 percentage points (FY2020 to FY2025).
- In prior years, Tuya's Operating Margin was -15.95% in FY2024 (+30.07 pp), -46.01% in FY2023 (+34.78 pp), -80.79% in FY2022 (-20.03 pp) and -60.77% in FY2021 (-21.94 pp).
- The Q2 2026 figure stands as the highest quarterly Operating Margin in data going back to Q1 2020.
- On a year-over-year basis, Operating Margin has increased in each of the last 14 quarters, with an average year-over-year change of +17.62 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q3 2023, with a gain of 59.52 percentage points; the weakest was Q4 2021, with a drop of 39.09 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 9.24% (Q1 2026), 9.52% (Q4 2025) and 4.60% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,781.98 Bn | 3,705.13 Bn | 60.48 Bn | 45.11% |
| 2 | International Business Machines | 207.92 Bn | 158.82 Bn | 9.91 Bn | 15.24% |
| 3 | Cloudflare | 114.07 Bn | 97.60 Bn | 499.52 Mn | -29.55% |
| 4 | Equinix | 99.76 Bn | 88.32 Bn | 1.40 Bn | 25.33% |
| 5 | Nebius | 58.67 Bn | 32.10 Bn | 448.70 Mn | -30.21% |
| 6 | CoreWeave | 46.87 Bn | 33.97 Bn | 1.70 Bn | -1.90% |
| 7 | Verisign | 25.50 Bn | 22.71 Bn | 384.60 Mn | 68.18% |
| 8 | Nutanix | 18.59 Bn | 10.27 Bn | 651.35 Mn | 9.24% |
| 9 | Akamai Technologies | 15.65 Bn | 9.06 Bn | 613.75 Mn | 7.30% |
| 10 | Tuya | 1.05 Bn | -2.80 Bn | 43.05 Mn | 10.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.02% |
| Mar 31, 2026 | 9.24% |
| Dec 31, 2025 | 9.52% |
| Sep 30, 2025 | 4.60% |
| Jun 30, 2025 | 1.36% |
| Mar 31, 2025 | -1.94% |
| Dec 31, 2024 | -4.63% |
| Sep 30, 2024 | -20.97% |
| Jun 30, 2024 | -14.12% |
| Mar 31, 2024 | -26.54% |
| Dec 31, 2023 | -36.68% |
| Sep 30, 2023 | -30.26% |
| Jun 30, 2023 | -55.12% |
| Mar 31, 2023 | -68.01% |
| Dec 31, 2022 | -72.49% |
| Sep 30, 2022 | -89.78% |
| Jun 30, 2022 | -63.09% |
| Mar 31, 2022 | -100.29% |
| Dec 31, 2021 | -68.77% |
| Sep 30, 2021 | -57.50% |
API Access
Tuya 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=TUYA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "TUYA", "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=TUYA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();