Vnet (VNET) Net Margin (2010 - 2026)
Vnet (VNET) recorded Net Margin of -1.43% in the quarter ended Jun 30, 2026, down 0.93 percentage points from -0.49% a year earlier but up 81.42 percentage points from the prior quarter.
Powered by 
Analysis
Vnet (VNET) Net Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Vnet's Net Margin came in at -21.29% as of Jun 30, 2026, down 21.96 percentage points year-over-year; for the year ended Dec 31, 2025, it was -2.58%, down 4.65 percentage points from the prior year.
- Annual Net Margin has a five-year change of +461072.93 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, Net Margin came in at 2.07% in the year ended Dec 31, 2024 (+37.90 pp), -35.83% in the year ended Dec 31, 2023 (-24.85 pp), -10.98% in the year ended Dec 31, 2022 (-5.24 pp) and -5.74% in the year ended Dec 31, 2021 (+461069.77 pp).
- Quarterly Net Margin has ranged from -127.64% in the quarter ended Dec 31, 2023 to 14.66% in the quarter ended Sep 30, 2024 over the past five years.
- On a year-over-year basis, Net Margin rose in three of the last eight quarters, with an average year-over-year change of +6.42 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 127.14 percentage points in the quarter ended Dec 31, 2024, against a drop of 124.23 percentage points in the quarter ended Dec 31, 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at -82.84% (quarter ended Mar 31, 2026), 11.16% (quarter ended Dec 31, 2025) and -11.89% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,780.05 Bn | 3,703.20 Bn | 60.48 Bn | 39.74% |
| 2 | International Business Machines | 207.28 Bn | 158.18 Bn | 9.91 Bn | 12.62% |
| 3 | Cloudflare | 113.42 Bn | 96.95 Bn | 499.52 Mn | -24.42% |
| 4 | Equinix | 100.18 Bn | 88.73 Bn | 1.40 Bn | 18.25% |
| 5 | Nebius | 60.05 Bn | 33.49 Bn | 448.70 Mn | -32.70% |
| 6 | CoreWeave | 47.35 Bn | 34.44 Bn | 1.70 Bn | -24.31% |
| 7 | Verisign | 25.30 Bn | 22.51 Bn | 384.60 Mn | 49.82% |
| 8 | Nutanix | 18.96 Bn | 10.65 Bn | 651.35 Mn | 167.85% |
| 9 | Akamai Technologies | 15.57 Bn | 8.98 Bn | 613.75 Mn | 7.22% |
| 10 | Vnet | 1.53 Bn | -1.90 Bn | 74.45 Mn | -1.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.43% |
| Mar 31, 2026 | -82.84% |
| Dec 31, 2025 | 11.16% |
| Sep 30, 2025 | -11.89% |
| Jun 30, 2025 | -0.49% |
| Mar 31, 2025 | -10.56% |
| Dec 31, 2024 | -0.50% |
| Sep 30, 2024 | 14.66% |
| Jun 30, 2024 | 3.21% |
| Mar 31, 2024 | -9.85% |
| Dec 31, 2023 | -127.64% |
| Sep 30, 2023 | -2.11% |
| Jun 30, 2023 | -12.78% |
| Mar 31, 2023 | 4.56% |
| Dec 31, 2022 | -3.42% |
| Sep 30, 2022 | -23.44% |
| Jun 30, 2022 | -21.87% |
| Mar 31, 2022 | 5.51% |
| Dec 31, 2021 | -1.56% |
| Sep 30, 2021 | 10.01% |
API Access
Vnet Net 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=net-margin&ticker=VNET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=VNET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();