Xunlei (XNET) Operating Margin (2013 - 2026)
Xunlei (XNET) posted Operating Margin of 4.38% for Q1 2026, up 23.41% sequentially from 3.55% in Q4 2025, and up 589.0% YoY from 0.64% in Q1 2025.
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Analysis
Xunlei (XNET) Operating Margin (2013 - 2026) Analysis & Trends
Xunlei has reported Operating Margin for 14 years, with the latest figure at 4.38% in Q1 2026.
- Quarterly Operating Margin rose 589.0% year-over-year to 4.38% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 2.73% (up 947.0% YoY) and the FY2025 annual result came in at 1.43%, up 629.0% from the prior year.
- Operating Margin advanced to 4.38% in Q1 2026 per XNET's latest filing, from 3.55% in the prior quarter.
- Over five years, Operating Margin peaked at 5.75% in Q3 2022 and troughed at 24.44% in Q4 2024.
- A 5-year average of 0.18% and a median of 0.93% in 2022 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2024 and 2025: Operating Margin tumbled 2355 bps in 2024, then jumped 2799 bps in 2025.
- Over 5 years, Operating Margin stood at 0.42% in 2022, then sank by 314 bps to 0.89% in 2023, then slumped by 2634 bps to 24.44% in 2024, then jumped by 115 bps to 3.55% in 2025, then grew by 23 bps to 4.38% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 4.38%, 3.55%, and 2.17% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,718.29 Bn | 3,585.54 Bn | 60.48 Bn | 45.11% |
| 2 | Oracle | 452.14 Bn | 420.24 Bn | - | 31.97% |
| 3 | Palantir Technologies | 418.25 Bn | 408.84 Bn | 1.64 Bn | 47.12% |
| 4 | Palo Alto Networks | 265.90 Bn | 262.79 Bn | 2.03 Bn | -6.10% |
| 5 | CrowdStrike Holdings | 217.15 Bn | 212.14 Bn | 1.10 Bn | -2.26% |
| 6 | Fortinet | 114.54 Bn | 110.47 Bn | 1.64 Bn | 33.66% |
| 7 | Cloudflare | 98.54 Bn | 94.37 Bn | 499.52 Mn | -29.55% |
| 8 | Synopsys | 75.44 Bn | 71.83 Bn | 1.80 Bn | 14.43% |
| 9 | Block | 49.56 Bn | 43.13 Bn | 3.17 Bn | 6.75% |
| 10 | Xunlei | 379.18 Mn | 102.32 Mn | 57.31 Mn | -4.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.67% |
| Mar 31, 2026 | 4.38% |
| Dec 31, 2025 | 3.55% |
| Sep 30, 2025 | 2.17% |
| Jun 30, 2025 | 0.39% |
| Mar 31, 2025 | -1.52% |
| Dec 31, 2024 | -24.44% |
| Sep 30, 2024 | -0.22% |
| Jun 30, 2024 | 1.22% |
| Mar 31, 2024 | 5.04% |
| Dec 31, 2023 | -0.89% |
| Sep 30, 2023 | -3.00% |
| Jun 30, 2023 | 0.83% |
| Mar 31, 2023 | 0.74% |
| Dec 31, 2022 | 0.42% |
| Sep 30, 2022 | 5.75% |
| Jun 30, 2022 | 0.94% |
| Mar 31, 2022 | 0.93% |
| Dec 31, 2021 | -2.43% |
| Sep 30, 2021 | -9.54% |