Xunlei (XNET) Gross Margin (2013 - 2026)
Xunlei's Gross Margin was 56.13% in the quarter ended Jun 30, 2026, down 7.12 percentage points from 63.25% a year earlier and down 2.68 percentage points from the prior quarter.
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Analysis
Xunlei (XNET) Gross Margin (2013 - 2026) Analysis & Trends
On a trailing twelve-month basis, Xunlei's Gross Margin was 54.59% through Jun 30, 2026, down 1.91 percentage points year-over-year; for the year ended Dec 31, 2025, it was 47.25%, down 4.61 percentage points from the prior year.
- Gross Margin shows a five-year change of -3.05 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Gross Margin was 51.86% in the year ended Dec 31, 2024 (+7.02 pp), 44.83% in the year ended Dec 31, 2023 (+3.42 pp), 41.42% in the year ended Dec 31, 2022 (-8.91 pp) and 50.33% in the year ended Dec 31, 2021 (+0.04 pp).
- Quarterly Gross Margin has moved between 38.92% (the quarter ended Dec 31, 2022) and 63.25% (the quarter ended Jun 30, 2025) over five years.
- Compared with a year earlier, Gross Margin was higher in four of the last eight quarters, with an average year-over-year change of +2.31 percentage points.
- The best year-over-year quarter for Gross Margin over five years was the quarter ended Mar 31, 2024 (a gain of 13.53 percentage points); the worst was the quarter ended Mar 31, 2022 (a drop of 9.71 percentage points).
- Per Business Quant data, XNET's Gross Margin in the three quarters before the quarter ended Jun 30, 2026 was 58.81% (quarter ended Mar 31, 2026), 57.18% (quarter ended Dec 31, 2025) and 48.08% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,781.98 Bn | 3,705.13 Bn | 60.48 Bn | 67.20% |
| 2 | International Business Machines | 207.92 Bn | 158.82 Bn | 9.91 Bn | 57.73% |
| 3 | Cloudflare | 114.07 Bn | 97.60 Bn | 499.52 Mn | 71.76% |
| 4 | Equinix | 99.76 Bn | 88.32 Bn | 1.40 Bn | 53.14% |
| 5 | Nebius | 58.67 Bn | 32.10 Bn | 448.70 Mn | 77.06% |
| 6 | CoreWeave | 46.87 Bn | 33.97 Bn | 1.70 Bn | 65.86% |
| 7 | Verisign | 25.50 Bn | 22.71 Bn | 384.60 Mn | 88.50% |
| 8 | Nutanix | 18.59 Bn | 10.27 Bn | 651.35 Mn | 86.03% |
| 9 | Akamai Technologies | 15.65 Bn | 9.06 Bn | 613.75 Mn | 55.81% |
| 10 | Xunlei | 382.63 Mn | -758.98 Mn | 57.31 Mn | 56.13% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 56.13% |
| Mar 31, 2026 | 58.81% |
| Dec 31, 2025 | 57.18% |
| Sep 30, 2025 | 48.08% |
| Jun 30, 2025 | 63.25% |
| Mar 31, 2025 | 62.11% |
| Dec 31, 2024 | 51.88% |
| Sep 30, 2024 | 50.68% |
| Jun 30, 2024 | 51.30% |
| Mar 31, 2024 | 53.56% |
| Dec 31, 2023 | 52.14% |
| Sep 30, 2023 | 44.72% |
| Jun 30, 2023 | 44.10% |
| Mar 31, 2023 | 40.03% |
| Dec 31, 2022 | 38.92% |
| Sep 30, 2022 | 39.99% |
| Jun 30, 2022 | 43.24% |
| Mar 31, 2022 | 44.27% |
| Dec 31, 2021 | 46.94% |
| Sep 30, 2021 | 49.09% |
API Access
Xunlei Gross Margin 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=gross-margin&ticker=XNET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "XNET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=XNET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();