Yatsen Holding (YSG) Gross Margin (2019 - 2026)

Yatsen Holding has reported Gross Margin for 8 years, with the latest figure at 73.88% in Q2 2026.

• On a quarterly basis, Gross Margin fell 437.0% year-over-year to 73.88% in Q2 2026; TTM through Jun 2026 was 77.38%, a 47.0% decrease from a year earlier, with the FY2025 full-year figure at 78.2%, up 108.0% from the prior year.
• Gross Margin was 73.88% for Q2 2026 at Yatsen Holding, down from 80.24% in the prior quarter.
• The five-year high for Gross Margin was 80.24% in Q1 2026, with the low at 62.86% in Q2 2022.
• Average Gross Margin over 5 years is 74.52%, with a median of 75.32% recorded in 2023.
• The sharpest annual moves came in 2023 and 2026: Gross Margin surged 1187 bps in 2023, then plunged 437 bps in 2026.
• Over 5 years, Gross Margin stood at 71.07% in 2022, then advanced by 4 bps to 73.66% in 2023, then grew by 6 bps to 77.75% in 2024, then declined by 0 bps to 77.66% in 2025, then decreased by 5 bps to 73.88% in 2026.
• The last three Gross Margin figures came in at 73.88% (Q2 2026), 80.24% (Q1 2026), and 77.66% (Q4 2025), per Business Quant data.