Vnet (VNET) Operating Margin (2010 - 2025)

Vnet (VNET) posted Operating Margin of 5.69% for Q4 2025, up 1051.67% sequentially from 0.49% in Q3 2025, and down 486.0% YoY from 1.48% in Q4 2024.

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

Vnet has reported Operating Margin for 16 years, with the latest figure at 5.69% in Q4 2025.

Quarterly Operating Margin fell 486.0% year-over-year to 5.69% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 4.14% (down 397.0% YoY) and the FY2025 annual result came in at 7.84%, down 26.0% from the prior year.
Operating Margin rose to 5.69% in Q4 2025 per VNET's latest filing, from 0.49% in the prior quarter.
Over five years, Operating Margin peaked at 11.06% in Q1 2025 and troughed at 116.49% in Q4 2023.
A 5-year average of 2.14% and a median of 5.41% in 2023 frame the typical range for Operating Margin.
The sharpest annual moves came in 2023 and 2024: Operating Margin plunged 11557 bps in 2023, then surged 12704 bps in 2024.
Over 5 years, Operating Margin stood at 15.46% in 2021, then surged by 94 bps to 0.92% in 2022, then tumbled by 12510 bps to 116.49% in 2023, then surged by 109 bps to 10.55% in 2024, then slumped by 46 bps to 5.69% in 2025.
According to Business Quant data, Operating Margin over the past three periods registered 5.69%, 0.49%, and 0.05% for Q4 2025, Q3 2025, and Q2 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Operating Margin (Qtr)
1	International Business Machines	219.38 Bn	208.02 Bn	9.91 Bn	15.24%
2	Accenture	111.06 Bn	100.89 Bn	6.13 Bn	16.96%
3	Infosys	47.96 Bn	47.96 Bn	1.60 Bn	21.09%
4	Cgi	32.80 Bn	32.34 Bn	-	-
5	Cognizant Technology Solutions	28.32 Bn	27.27 Bn	1.83 Bn	15.95%
6	Fidelity National Information Services	20.92 Bn	20.17 Bn	1.17 Bn	15.01%
7	Broadridge Financial Solutions	20.67 Bn	20.27 Bn	853.00 Mn	24.61%
8	Wipro	19.82 Bn	18.75 Bn	738.00 Mn	16.01%
9	Leidos Holdings	17.78 Bn	17.03 Bn	817.00 Mn	11.28%
10	Vnet	1.78 Bn	950.66 Mn	77.27 Mn	5.69%

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