Yatsen Holding (YSG) Operating Margin (2019 - 2026)
Yatsen Holding (YSG) posted Operating Margin of 11.55% for Q2 2026, down 19.14% on a QoQ basis from 9.69% in Q1 2026, and down 644.0% year-over-year from 2.12% in Q2 2025.
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Yatsen Holding (YSG) Operating Margin (2019 - 2026) Analysis & Trends
Yatsen Holding has reported Operating Margin for 8 years, with the latest figure at 11.55% in Q2 2026.
- On a quarterly basis, Operating Margin fell 644.0% year-over-year to 11.55% in Q2 2026; TTM through Jun 2026 was 7.24%, a 931.0% increase from a year earlier, with the FY2025 full-year figure at 4.32%, up 1999.0% from the prior year.
- Operating Margin was 11.55% for Q2 2026 at Yatsen Holding, down from 9.69% in the prior quarter.
- The five-year high for Operating Margin was 0.92% in Q4 2025, with the low at 50.31% in Q4 2023.
- Average Operating Margin over 5 years is 18.54%, with a median of 16.37% recorded in 2023.
- The largest YoY upside for Operating Margin was 3363 bps in 2023 against a maximum downside of 4253 bps in 2023.
- Over 5 years, Operating Margin stood at 7.78% in 2022, then plunged by 546 bps to 50.31% in 2023, then jumped by 32 bps to 34.01% in 2024, then soared by 97 bps to 0.92% in 2025, then plunged by 1156 bps to 11.55% in 2026.
- The last three Operating Margin figures came in at 11.55% (Q2 2026), 9.69% (Q1 2026), and 0.92% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Estee Lauder Companies | 35.87 Bn | 32.37 Bn | 2.74 Bn | -1.08% |
| 2 | e.l.f. Beauty | 6.00 Bn | 5.66 Bn | 398.84 Mn | 21.37% |
| 3 | Interparfums | 3.53 Bn | 3.32 Bn | 223.53 Mn | 14.35% |
| 4 | Coty | 2.33 Bn | 2.16 Bn | 772.70 Mn | -3.36% |
| 5 | Olaplex Holdings | 1.39 Bn | 1.06 Bn | 71.66 Mn | -5.14% |
| 6 | Oddity Tech | 850.93 Mn | 555.22 Mn | 137.97 Mn | -12.88% |
| 7 | Betterware De Mexico, S.A.P.I. De C.V | 573.93 Mn | 543.72 Mn | 156.58 Mn | 16.37% |
| 8 | Yatsen Holding | 260.76 Mn | 106.43 Mn | 124.36 Mn | -11.55% |
| 9 | Nu Skin Enterprises | 230.83 Mn | 39.45 Mn | 218.33 Mn | -18.53% |
| 10 | Pitanium | 207.93 Mn | -2.70 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -11.55% |
| Mar 31, 2026 | -9.69% |
| Dec 31, 2025 | -0.92% |
| Sep 30, 2025 | -8.37% |
| Jun 30, 2025 | -5.11% |
| Mar 31, 2025 | -4.08% |
| Dec 31, 2024 | -34.01% |
| Sep 30, 2024 | -20.88% |
| Jun 30, 2024 | -17.02% |
| Mar 31, 2024 | -20.39% |
| Dec 31, 2023 | -50.31% |
| Sep 30, 2023 | -32.24% |
| Jun 30, 2023 | -15.73% |
| Mar 31, 2023 | -0.94% |
| Dec 31, 2022 | -7.78% |
| Sep 30, 2022 | -30.97% |
| Jun 30, 2022 | -29.10% |
| Mar 31, 2022 | -34.57% |
| Dec 31, 2021 | -32.84% |
| Sep 30, 2021 | -27.51% |