Vnet (VNET) Net Margin (2010 - 2025)

Vnet (VNET) posted Net Margin of 11.16% for Q4 2025, up 193.82% sequentially from 11.89% in Q3 2025, and up 1166.0% YoY from 0.88% in Q4 2024.

Vnet (VNET) Net Margin (2010 - 2025) Analysis & Trends

Vnet has reported Net Margin for 16 years, with the latest figure at 11.16% in Q4 2025.

Quarterly Net Margin rose 1166.0% year-over-year to 11.16% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 2.48% (down 650.0% YoY) and the FY2025 annual result came in at 2.58%, down 465.0% from the prior year.
Net Margin climbed to 11.16% in Q4 2025 per VNET's latest filing, from 11.89% in the prior quarter.
Over five years, Net Margin peaked at 30.45% in Q2 2021 and troughed at 120.55% in Q4 2023.
A 5-year average of 6.5% and a median of 1.59% in 2021 frame the typical range for Net Margin.
The sharpest annual moves came in 2023 and 2024: Net Margin sank 11714 bps in 2023, then soared 12005 bps in 2024.
Over 5 years, Net Margin stood at 1.56% in 2021, then tumbled by 119 bps to 3.42% in 2022, then plunged by 3429 bps to 120.55% in 2023, then soared by 100 bps to 0.5% in 2024, then soared by 2323 bps to 11.16% in 2025.
According to Business Quant data, Net Margin over the past three periods registered 11.16%, 11.89%, and 0.49% for Q4 2025, Q3 2025, and Q2 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	International Business Machines	219.38 Bn	208.02 Bn	9.91 Bn	12.62%
2	Accenture	111.06 Bn	100.89 Bn	6.13 Bn	12.76%
3	Infosys	47.96 Bn	47.96 Bn	1.60 Bn	0.12%
4	Cgi	32.80 Bn	32.34 Bn	-	11.09%
5	Cognizant Technology Solutions	28.32 Bn	27.27 Bn	1.83 Bn	11.75%
6	Fidelity National Information Services	20.92 Bn	20.17 Bn	1.17 Bn	6.87%
7	Broadridge Financial Solutions	20.67 Bn	20.27 Bn	853.00 Mn	17.93%
8	Wipro	19.82 Bn	18.75 Bn	738.00 Mn	13.71%
9	Leidos Holdings	17.78 Bn	17.03 Bn	817.00 Mn	7.81%
10	Vnet	1.78 Bn	950.66 Mn	77.27 Mn	11.16%

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