Vnet (VNET) EBITDA Margin (2014 - 2026)
Vnet (VNET) recorded EBITDA Margin of 25.96% in the quarter ended Jun 30, 2026, up 3.41 percentage points from 22.55% a year earlier and up 2.26 percentage points from the prior quarter.
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Analysis
Vnet (VNET) EBITDA Margin (2014 - 2026) Analysis & Trends
On a TTM basis, Vnet's EBITDA Margin came in at 24.03% as of Jun 30, 2026, up 2.81 percentage points year-over-year; for the year ended Dec 31, 2025, it was 21.65%, up 0.58 percentage points from the prior year.
- Annual EBITDA Margin has a five-year change of -151548.75 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, EBITDA Margin came in at 21.07% in the year ended Dec 31, 2024 (-4.75 pp), 25.81% in the year ended Dec 31, 2023 (+2.38 pp), 23.44% in the year ended Dec 31, 2022 (+2.62 pp) and 20.82% in the year ended Dec 31, 2021 (-151549.58 pp).
- The figure for the quarter ended Jun 30, 2026 is the highest quarterly EBITDA Margin since the quarter ended Jun 30, 2024.
- On a year-over-year basis, EBITDA Margin has increased for four consecutive quarters, with an average year-over-year change of +13.94 percentage points over the last eight quarters.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 115.08 percentage points in the quarter ended Dec 31, 2024, against a drop of 114.13 percentage points in the quarter ended Dec 31, 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 23.69% (quarter ended Mar 31, 2026), 24.53% (quarter ended Dec 31, 2025) and 21.69% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,780.05 Bn | 3,703.20 Bn | 60.48 Bn | 57.36% |
| 2 | International Business Machines | 207.28 Bn | 158.18 Bn | 9.91 Bn | 23.10% |
| 3 | Cloudflare | 113.42 Bn | 96.95 Bn | 499.52 Mn | -15.49% |
| 4 | Equinix | 100.18 Bn | 88.73 Bn | 1.40 Bn | 46.55% |
| 5 | Nebius | 60.05 Bn | 33.49 Bn | 448.70 Mn | 14.39% |
| 6 | CoreWeave | 47.35 Bn | 34.44 Bn | 1.70 Bn | 52.19% |
| 7 | Verisign | 25.30 Bn | 22.51 Bn | 384.60 Mn | 69.70% |
| 8 | Nutanix | 18.96 Bn | 10.65 Bn | 651.35 Mn | 11.50% |
| 9 | Akamai Technologies | 15.57 Bn | 8.98 Bn | 613.75 Mn | 24.17% |
| 10 | Vnet | 1.53 Bn | -1.90 Bn | 74.45 Mn | 25.96% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.96% |
| Mar 31, 2026 | 23.69% |
| Dec 31, 2025 | 24.53% |
| Sep 30, 2025 | 21.69% |
| Jun 30, 2025 | 22.55% |
| Mar 31, 2025 | 19.09% |
| Dec 31, 2024 | 23.93% |
| Sep 30, 2024 | 19.12% |
| Jun 30, 2024 | 29.26% |
| Mar 31, 2024 | 20.07% |
| Dec 31, 2023 | -91.15% |
| Sep 30, 2023 | 26.17% |
| Jun 30, 2023 | 28.89% |
| Mar 31, 2023 | 25.75% |
| Dec 31, 2022 | 22.98% |
| Sep 30, 2022 | 23.93% |
| Jun 30, 2022 | 24.46% |
| Mar 31, 2022 | 27.08% |
| Dec 31, 2021 | 4.76% |
| Sep 30, 2021 | 27.61% |
API Access
Vnet EBITDA 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=ebitda-margin&ticker=VNET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "VNET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=VNET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();