Full Truck Alliance (YMM) Operating Income (2020 - 2026)
Full Truck Alliance (YMM) reported Operating Income of $145.8 million for Q1 2026, down 11.99% on a YoY basis from $165.7 million in Q1 2025, and down 0.79% sequentially from $147.0 million in Q4 2025.
Full Truck Alliance (YMM) Operating Income (2020 - 2026) Analysis & Trends
Full Truck Alliance (YMM) has 7 years of Operating Income data on file, last reported at $145.8 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Income fell 11.99% year-over-year to $145.8 million; the trailing twelve-month figure through Mar 2026 stood at $560.9 million (up 20.24% YoY), and the FY2025 full-year result was $592.9 million, up 74.86% from the prior year.
- Operating Income eased to $145.8 million in Q1 2026, from $147.0 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of $165.7 million in Q1 2025 to a low of -$39.8 million in Q1 2022.
- A 5-year average of $69.6 million and a median of $46.0 million in 2023 frame the typical range for Operating Income.
- Across the five-year window, Operating Income decreased 27.63% in 2022 and soared 4712.01% in 2023, its largest moves.
- Tracing YMM's Operating Income over 5 years: stood at -$766000.0 in 2022, then soared by 4712.01% to $35.3 million in 2023, then surged by 223.98% to $114.5 million in 2024, then gained by 28.43% to $147.0 million in 2025, then slipped by 0.79% to $145.8 million in 2026.
- Business Quant data shows YMM's Operating Income at $145.8 million in Q1 2026, $147.0 million in Q4 2025, and $109.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 3.21 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | 145.83 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 382.00 Mn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 1.92 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 2.35 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 162.00 Mn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | -1.37 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -326.15 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 431.33 Mn |
| 10 | Datadog | 86.34 Bn | 81.58 Bn | 797.20 Mn | 7.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 145.83 Mn |
| Dec 31, 2025 | 146.99 Mn |
| Sep 30, 2025 | 109.04 Mn |
| Jun 30, 2025 | 159.08 Mn |
| Mar 31, 2025 | 165.70 Mn |
| Dec 31, 2024 | 114.46 Mn |
| Sep 30, 2024 | 108.58 Mn |
| Jun 30, 2024 | 77.80 Mn |
| Mar 31, 2024 | 43.24 Mn |
| Dec 31, 2023 | 35.33 Mn |
| Sep 30, 2023 | 33.86 Mn |
| Jun 30, 2023 | 46.03 Mn |
| Mar 31, 2023 | 24.14 Mn |
| Dec 31, 2022 | -766,000.00 |
| Sep 30, 2022 | 19.92 Mn |
| Jun 30, 2022 | -6.93 Mn |
| Mar 31, 2022 | -39.75 Mn |
| Dec 31, 2021 | -212.15 Mn |
| Sep 30, 2021 | -31.31 Mn |
| Jun 30, 2021 | -316.02 Mn |