Yatsen Holding (YSG) Gross Margin (2019 - 2026)
Yatsen Holding (YSG) reported Gross Margin of 73.88% for Q2 2026, down 4.37 percentage points from 78.25% a year earlier and down 6.36 percentage points from the prior quarter.
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Analysis
Yatsen Holding (YSG) Gross Margin (2019 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Yatsen Holding's Gross Margin came in at 77.38%, down 0.47 percentage points year-over-year; for FY2025, it was 78.20%, up 1.08 percentage points from FY2024.
- Gross Margin has increased for seven consecutive years, with a five-year change of +13.92 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 77.13% in FY2024 (+3.52 pp), 73.60% in FY2023 (+5.64 pp), 67.96% in FY2022 (+1.20 pp) and 66.76% in FY2021 (+2.48 pp).
- The Q2 2026 figure ranks as the lowest quarterly Gross Margin since Q4 2023.
- Year over year, Gross Margin gained in six of the last eight quarters, with an average year-over-year change of +1.31 percentage points.
- The high point for year-over-year Gross Margin in five years was Q2 2023 (a gain of 11.87 percentage points); the low point was Q2 2026 (a drop of 4.37 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 80.24% (Q1 2026), 77.66% (Q4 2025) and 78.17% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Procter & Gamble | 346.43 Bn | 302.42 Bn | 10.28 Bn | 48.50% |
| 2 | Colgate Palmolive | 69.04 Bn | 64.10 Bn | 3.30 Bn | 61.48% |
| 3 | Estee Lauder Companies | 34.63 Bn | 22.70 Bn | 2.74 Bn | 75.46% |
| 4 | Kenvue | 34.35 Bn | 29.97 Bn | 2.30 Bn | 58.18% |
| 5 | Kimberly Clark | 32.85 Bn | 30.17 Bn | 1.60 Bn | 38.27% |
| 6 | Church & Dwight | 22.69 Bn | 21.21 Bn | 693.90 Mn | 45.35% |
| 7 | Clorox | 9.84 Bn | 8.28 Bn | 804.00 Mn | 41.27% |
| 8 | e.l.f. Beauty | 6.00 Bn | 4.97 Bn | 398.84 Mn | 83.20% |
| 9 | Reynolds Consumer Products | 4.65 Bn | 4.32 Bn | 245.00 Mn | 25.95% |
| 10 | Yatsen Holding | 476.82 Mn | -91.48 Mn | 124.36 Mn | 73.88% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 73.88% |
| Mar 31, 2026 | 80.24% |
| Dec 31, 2025 | 77.66% |
| Sep 30, 2025 | 78.17% |
| Jun 30, 2025 | 78.25% |
| Mar 31, 2025 | 79.08% |
| Dec 31, 2024 | 77.75% |
| Sep 30, 2024 | 75.90% |
| Jun 30, 2024 | 76.70% |
| Mar 31, 2024 | 77.71% |
| Dec 31, 2023 | 73.66% |
| Sep 30, 2023 | 71.41% |
| Jun 30, 2023 | 74.74% |
| Mar 31, 2023 | 74.31% |
| Dec 31, 2022 | 71.07% |
| Sep 30, 2022 | 68.92% |
| Jun 30, 2022 | 62.86% |
| Mar 31, 2022 | 68.98% |
| Dec 31, 2021 | 64.99% |
| Sep 30, 2021 | 67.92% |
API Access
Yatsen Holding Gross 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=gross-margin&ticker=YSG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "YSG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=YSG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();