Vnet (VNET) Net Margin (2010 - 2025)
Vnet's (VNET) quarterly Net Margin came in at 27.22% in Q4 2025, up 956.0% year-on-year from 2.58% in Q4 2024, and up 222.96% quarter-over-quarter from 8.43% in Q3 2025.
Vnet (VNET) Net Margin (2010 - 2025) Analysis & Trends
Vnet has disclosed Net Margin across 16 years of filings, most recently posting 27.22% for Q4 2025.
- Net Margin for Q4 2025 came in at 27.22%, up 956.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 13.92% (down 249.0% YoY), and the FY2025 annual result was 2.58%, down 465.0% from the prior year.
- Net Margin came in at 27.22% for Q4 2025 at Vnet, up from 8.43% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 27.22% in Q4 2025 to a low of 109.67% in Q4 2023.
- The 5-year median for Net Margin is 10.76% (2023), against an average of 4.47%.
- Across the five-year window, Net Margin jumped 20076 bps in 2021 and sank 11263 bps in 2023, its largest moves.
- Vnet's Net Margin stood at 10.25% in 2021, then soared by 129 bps to 2.96% in 2022, then slumped by 3806 bps to 109.67% in 2023, then jumped by 116 bps to 17.66% in 2024, then soared by 54 bps to 27.22% in 2025.
- The last three Net Margin figures came in at 27.22% (Q4 2025), 8.43% (Q3 2025), and 10.92% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 250,975,992.28 Bn | 250,975,991.00 Bn | 1.56 Bn | 18.23% |
| 2 | International Business Machines | 267.32 Bn | 252.39 Bn | 8.95 Bn | - |
| 3 | Wipro | 138.60 Bn | 137.44 Bn | 751.00 Mn | 14.44% |
| 4 | Accenture | 109.98 Bn | 101.66 Bn | 16.30 Bn | 10.30% |
| 5 | Cognizant Technology Solutions | 25.38 Bn | 23.86 Bn | 1.78 Bn | 12.17% |
| 6 | Fidelity National Information Services | 21.09 Bn | 20.34 Bn | 1.11 Bn | 4.55% |
| 7 | Broadridge Financial Solutions | 17.60 Bn | 17.30 Bn | 626.90 Mn | 14.14% |
| 8 | Cdw | 17.16 Bn | 16.58 Bn | 1.19 Bn | 4.14% |
| 9 | Leidos Holdings | 15.68 Bn | 15.27 Bn | 761.00 Mn | 7.61% |
| 10 | Vnet | 2.01 Bn | 1.42 Bn | 77.27 Mn | 27.22% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 27.22% |
| Sep 30, 2025 | 8.43% |
| Jun 30, 2025 | 10.92% |
| Mar 31, 2025 | 7.15% |
| Dec 31, 2024 | 17.66% |
| Sep 30, 2024 | 15.95% |
| Jun 30, 2024 | 18.23% |
| Mar 31, 2024 | 13.57% |
| Dec 31, 2023 | -109.67% |
| Sep 30, 2023 | 8.42% |
| Jun 30, 2023 | 10.61% |
| Mar 31, 2023 | 13.05% |
| Dec 31, 2022 | 2.96% |
| Sep 30, 2022 | 9.02% |
| Jun 30, 2022 | 8.63% |
| Mar 31, 2022 | 12.18% |
| Dec 31, 2021 | -10.25% |
| Sep 30, 2021 | 16.27% |
| Jun 30, 2021 | 15.19% |
| Mar 31, 2021 | -6.10% |