Vnet (VNET) Operating Margin (2010 - 2025)
Vnet's (VNET) quarterly Operating Margin came in at 5.69% in Q4 2025, down 486.0% year-on-year from 1.48% in Q4 2024, and up 1051.67% quarter-over-quarter from 0.49% in Q3 2025.
Vnet (VNET) Operating Margin (2010 - 2025) Analysis & Trends
Vnet has disclosed Operating Margin across 16 years of filings, most recently posting 5.69% for Q4 2025.
- Operating Margin for Q4 2025 came in at 5.69%, down 486.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 4.14% (down 397.0% YoY), and the FY2025 annual result was 7.84%, down 26.0% from the prior year.
- Operating Margin came in at 5.69% for Q4 2025 at Vnet, up from 0.49% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 11.06% in Q1 2025 to a low of 116.49% in Q4 2023.
- The 5-year median for Operating Margin is 5.41% (2023), against an average of 2.14%.
- Across the five-year window, Operating Margin plunged 11557 bps in 2023 and soared 12704 bps in 2024, its largest moves.
- Vnet's Operating Margin stood at 15.46% in 2021, then soared by 94 bps to 0.92% in 2022, then tumbled by 12510 bps to 116.49% in 2023, then soared by 109 bps to 10.55% in 2024, then slumped by 46 bps to 5.69% in 2025.
- The last three Operating Margin figures came in at 5.69% (Q4 2025), 0.49% (Q3 2025), and 0.05% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 250,975,992.28 Bn | 250,975,991.00 Bn | 1.56 Bn | 20.93% |
| 2 | International Business Machines | 267.32 Bn | 252.39 Bn | 8.95 Bn | 10.61% |
| 3 | Wipro | 138.60 Bn | 137.44 Bn | 751.00 Mn | 17.31% |
| 4 | Accenture | 109.98 Bn | 101.66 Bn | 16.30 Bn | 13.82% |
| 5 | Cognizant Technology Solutions | 25.38 Bn | 23.86 Bn | 1.78 Bn | 15.57% |
| 6 | Fidelity National Information Services | 21.09 Bn | 20.34 Bn | 1.11 Bn | 12.84% |
| 7 | Broadridge Financial Solutions | 17.60 Bn | 17.30 Bn | 626.90 Mn | 18.40% |
| 8 | Cdw | 17.16 Bn | 16.58 Bn | 1.19 Bn | 6.62% |
| 9 | Leidos Holdings | 15.68 Bn | 15.27 Bn | 761.00 Mn | 11.55% |
| 10 | Vnet | 2.01 Bn | 1.42 Bn | 77.27 Mn | 5.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 5.69% |
| Sep 30, 2025 | 0.49% |
| Jun 30, 2025 | -0.05% |
| Mar 31, 2025 | 11.06% |
| Dec 31, 2024 | 10.55% |
| Sep 30, 2024 | 9.03% |
| Jun 30, 2024 | 9.76% |
| Mar 31, 2024 | 2.45% |
| Dec 31, 2023 | -116.49% |
| Sep 30, 2023 | 1.71% |
| Jun 30, 2023 | 5.12% |
| Mar 31, 2023 | 6.38% |
| Dec 31, 2022 | -0.92% |
| Sep 30, 2022 | 0.35% |
| Jun 30, 2022 | 2.09% |
| Mar 31, 2022 | 5.84% |
| Dec 31, 2021 | -15.46% |
| Sep 30, 2021 | 7.30% |
| Jun 30, 2021 | 6.48% |
| Mar 31, 2021 | 5.78% |