Xunlei (XNET) Operating Margin (2013 - 2026)

Xunlei has disclosed Operating Margin across 14 years of filings, most recently posting 4.36% for Q1 2026.

• Operating Margin for Q1 2026 came in at 4.36%, up 587.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 2.71% (up 943.0% YoY), and the FY2025 annual result was 1.43%, up 627.0% from the prior year.
• Operating Margin came in at 4.36% for Q1 2026 at Xunlei, up from 3.52% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 5.73% in Q3 2022 to a low of 24.35% in Q4 2024.
• The 5-year median for Operating Margin is 0.94% (2022), against an average of 0.05%.
• Across the five-year window, Operating Margin plunged 2346 bps in 2024 and surged 2788 bps in 2025, its largest moves.
• Xunlei's Operating Margin stood at 0.42% in 2022, then plunged by 314 bps to 0.89% in 2023, then plunged by 2634 bps to 24.35% in 2024, then soared by 114 bps to 3.52% in 2025, then rose by 24 bps to 4.36% in 2026.
• The last three Operating Margin figures came in at 4.36% (Q1 2026), 3.52% (Q4 2025), and 2.16% (Q3 2025), per Business Quant data.