Vnet (VNET) Operating Leases (2014 - 2026)
Vnet (VNET) reported Operating Leases of $634.34 million for the quarter ended Jun 30, 2026, up 8.5% from $584.46 million a year earlier and up 12.6% from the prior quarter.
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Analysis
Vnet (VNET) Operating Leases (2014 - 2026) Analysis & Trends
As of Dec 31, 2025, Vnet posted Operating Leases of $572.14 million, up 10.5% from the prior year.
- Operating Leases has a five-year compound annual growth rate of 49.7% (years ended Dec 2020 to Dec 2025).
- By year, Operating Leases came in at $517.76 million in the year ended Dec 31, 2024 (+12.4%), $460.68 million in the year ended Dec 31, 2023 (unchanged), $460.68 million in the year ended Dec 31, 2022 (+38.8%) and $331.78 million in the year ended Dec 31, 2021 (+335.4%).
- The figure for the quarter ended Jun 30, 2026 ranks as the highest quarterly Operating Leases since the quarter ended Dec 31, 2022.
- Year over year, Operating Leases gained in seven of the last eight quarters, with growth averaging 12.4%.
- The high point for year-over-year Operating Leases in five years was the quarter ended Mar 31, 2022 (growth of 270.6%); the low point was the quarter ended Dec 31, 2023 (a decline of 51.7%).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at $563.18 million (quarter ended Mar 31, 2026), $564.12 million (quarter ended Dec 31, 2025) and $579.15 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,780.05 Bn | 3,703.20 Bn | 60.48 Bn |
| 2 | International Business Machines | 207.28 Bn | 158.18 Bn | 9.91 Bn |
| 3 | Cloudflare | 113.42 Bn | 96.95 Bn | 499.52 Mn |
| 4 | Equinix | 100.18 Bn | 88.73 Bn | 1.40 Bn |
| 5 | Nebius | 60.05 Bn | 33.49 Bn | 448.70 Mn |
| 6 | CoreWeave | 47.35 Bn | 34.44 Bn | 1.70 Bn |
| 7 | Verisign | 25.30 Bn | 22.51 Bn | 384.60 Mn |
| 8 | Nutanix | 18.96 Bn | 10.65 Bn | 651.35 Mn |
| 9 | Akamai Technologies | 15.57 Bn | 8.98 Bn | 613.75 Mn |
| 10 | Vnet | 1.53 Bn | -1.90 Bn | 74.45 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 634.34 Mn |
| Mar 31, 2026 | 563.18 Mn |
| Dec 31, 2025 | 564.12 Mn |
| Sep 30, 2025 | 579.15 Mn |
| Jun 30, 2025 | 584.46 Mn |
| Mar 31, 2025 | 565.82 Mn |
| Dec 31, 2024 | 520.36 Mn |
| Sep 30, 2024 | 511.24 Mn |
| Jun 30, 2024 | 494.89 Mn |
| Mar 31, 2024 | 456.07 Mn |
| Dec 31, 2023 | 448.68 Mn |
| Sep 30, 2023 | 460.54 Mn |
| Jun 30, 2023 | 437.53 Mn |
| Mar 31, 2023 | 489.41 Mn |
| Dec 31, 2022 | 929.27 Mn |
| Jun 30, 2022 | 337.12 Mn |
| Mar 31, 2022 | 354.12 Mn |
| Dec 31, 2021 | 865.27 Mn |
| Sep 30, 2021 | 224.60 Mn |
| Jun 30, 2021 | 146.66 Mn |
API Access
Vnet Operating Leases 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=operating-leases&ticker=VNET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=VNET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();