Vnet (VNET) EBITDA Margin (2010 - 2025)
Vnet's (VNET) quarterly EBITDA Margin came in at 29.96% in Q4 2025, down 215.0% year-on-year from 26.05% in Q4 2024, and up 2.01% quarter-over-quarter from 29.37% in Q3 2025.
Vnet (VNET) EBITDA Margin (2010 - 2025) Analysis & Trends
Vnet has disclosed EBITDA Margin across 16 years of filings, most recently posting 29.96% for Q4 2025.
- EBITDA Margin for Q4 2025 came in at 29.96%, down 215.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 29.93% (up 53.0% YoY), and the FY2025 annual result was 29.93%, up 51.0% from the prior year.
- EBITDA Margin came in at 29.96% for Q4 2025 at Vnet, up from 29.37% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 32.11% in Q4 2024 to a low of 22.56% in Q4 2022.
- The 5-year median for EBITDA Margin is 28.82% (2021), against an average of 28.39%.
- Across the five-year window, EBITDA Margin tumbled 396 bps in 2022 and surged 892 bps in 2024, its largest moves.
- Vnet's EBITDA Margin stood at 26.52% in 2021, then declined by 15 bps to 22.56% in 2022, then gained by 3 bps to 23.19% in 2023, then jumped by 38 bps to 32.11% in 2024, then retreated by 7 bps to 29.96% in 2025.
- The last three EBITDA Margin figures came in at 29.96% (Q4 2025), 29.37% (Q3 2025), and 30.09% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 250,975,992.28 Bn | 250,975,991.00 Bn | 1.56 Bn | 10.36% |
| 2 | International Business Machines | 267.32 Bn | 252.39 Bn | 8.95 Bn | 10.61% |
| 3 | Wipro | 138.60 Bn | 137.44 Bn | 751.00 Mn | 17.31% |
| 4 | Accenture | 109.98 Bn | 101.66 Bn | 16.30 Bn | 13.82% |
| 5 | Cognizant Technology Solutions | 25.38 Bn | 23.86 Bn | 1.78 Bn | 15.57% |
| 6 | Fidelity National Information Services | 21.09 Bn | 20.34 Bn | 1.11 Bn | 12.84% |
| 7 | Broadridge Financial Solutions | 17.60 Bn | 17.30 Bn | 626.90 Mn | 18.40% |
| 8 | Cdw | 17.16 Bn | 16.58 Bn | 1.19 Bn | 6.62% |
| 9 | Leidos Holdings | 15.68 Bn | 15.27 Bn | 761.00 Mn | 11.55% |
| 10 | Vnet | 2.01 Bn | 1.42 Bn | 77.27 Mn | 29.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 29.96% |
| Sep 30, 2025 | 29.37% |
| Jun 30, 2025 | 30.09% |
| Mar 31, 2025 | 30.38% |
| Dec 31, 2024 | 32.11% |
| Sep 30, 2024 | 28.04% |
| Jun 30, 2024 | 28.78% |
| Mar 31, 2024 | 28.44% |
| Dec 31, 2023 | 23.19% |
| Sep 30, 2023 | 26.92% |
| Jun 30, 2023 | 29.37% |
| Mar 31, 2023 | 30.80% |
| Dec 31, 2022 | 22.56% |
| Sep 30, 2022 | 25.10% |
| Jun 30, 2022 | 28.23% |
| Mar 31, 2022 | 30.76% |
| Dec 31, 2021 | 26.52% |
| Sep 30, 2021 | 28.86% |
| Jun 30, 2021 | 28.40% |
| Mar 31, 2021 | 29.93% |