Weibo (WB) Operating Margin (2013 - 2026)
Weibo (WB) posted quarterly Operating Margin of 19.36% for Q4 2025, down 645.0% year-over-year from 3.55% in Q4 2024, and down 27.04% quarter-over-quarter from 26.53% in Q3 2025.
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Analysis
Weibo (WB) Operating Margin (2013 - 2026) Analysis & Trends
Weibo's Operating Margin history runs 13 years deep, the most recent figure standing at 19.36% for Q4 2025.
- In Q4 2025, Operating Margin fell 645.0% year-over-year to 19.36%; the TTM figure through Dec 2025 stood at 19.36% (up 1929.0% YoY), while the FY2025 annual figure was 26.45%, down 172.0% from the prior year.
- Operating Margin for Q4 2025 stood at 19.36%, down from 26.53% in the prior quarter.
- The five-year high for Operating Margin was 35.82% in Q4 2022, with the low at 0.0% in Q1 2024.
- The 5-year median for Operating Margin is 27.92% (2023), against an average of 26.83%.
- The sharpest annual moves came in 2024 and 2025: Operating Margin sank 2332 bps in 2024, then jumped 2780 bps in 2025.
- Weibo's Operating Margin stood at 29.62% in 2021, then increased by 21 bps to 35.82% in 2022, then fell by 28 bps to 25.67% in 2023, then climbed by 1 bps to 25.8% in 2024, then retreated by 25 bps to 19.36% in 2025.
- Business Quant data shows WB's Operating Margin at 19.36% in Q4 2025, 26.53% in Q3 2025, and 32.73% in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 30.88% |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 21.88% |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | -30.21% |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 28.79% | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 4.70% |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | - |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | -4.68% | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 28.77% |
| 10 | 1.63 Bn | -1.00 Bn | 324.02 Mn | 26.19% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.19% |
| Mar 31, 2026 | 26.33% |
| Dec 31, 2025 | 19.36% |
| Sep 30, 2025 | 26.53% |
| Jun 30, 2025 | 32.73% |
| Mar 31, 2025 | 27.80% |
| Dec 31, 2024 | 25.80% |
| Sep 30, 2024 | 30.43% |
| Jun 30, 2024 | 30.92% |
| Mar 31, 2024 | 25.22% |
| Dec 31, 2023 | 25,666,049.13% |
| Sep 30, 2023 | 30.30% |
| Jun 30, 2023 | 28.04% |
| Mar 31, 2023 | 23.32% |
| Dec 31, 2022 | 35.82% |
| Sep 30, 2022 | 35.74% |
| Jun 30, 2022 | 20.87% |
| Mar 31, 2022 | 21.22% |
| Dec 31, 2021 | 29.62% |
| Sep 30, 2021 | 35.07% |