Full Truck Alliance (YMM) Operating Margin (2022 - 2025)
Full Truck Alliance's Operating Margin was 33.20% in FY2025, up 11.17 percentage points from 22.02% in FY2024.
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Analysis
Full Truck Alliance (YMM) Operating Margin (2022 - 2025) Analysis & Trends
From FY2019 onward, Full Truck Alliance has reported Operating Margin for 7 years.
- Operating Margin shows a five-year change of +173.25 percentage points (FY2020 to FY2025).
- The FY2025 figure marks the highest annual Operating Margin in data going back to FY2019.
- Per Business Quant data, Operating Margin in earlier years was 22.02% in FY2024 (+10.20 pp), 11.82% in FY2023 (-0.59 pp), 12.41% in FY2022 (+90.21 pp) and -77.80% in FY2021 (+62.25 pp).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 30.88% |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 33.38% |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 5.64% |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 13.62% |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 13.32% |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | 34.00% |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | 24.71% |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 13.71% |
| 10 | Full Truck Alliance | 9.20 Bn | -1.56 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 0.01% |
| Dec 31, 2024 | 0.01% |
| Dec 31, 2023 | 0.00% |
| Dec 31, 2022 | 0.00% |
API Access
Full Truck Alliance Operating 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=operating-margin&ticker=YMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "YMM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=YMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();