Yatsen Holding Limited (YSG) Gross margin 2020–2025
Yatsen Holding Limited (YSG) gross margin by fiscal year — reported gross profit divided by reported revenue.
78.2%FY2025 · since FY2020: 64.3% → 78.2%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 78.2% | +1.1 pp |
| FY2024 | 77.1% | +3.5 pp |
| FY2023 | 73.6% | +5.6 pp |
| FY2022 | 68.0% | +1.2 pp |
| FY2021 | 66.8% | +2.5 pp |
| FY2020 | 64.3% | — |
Gross margin = reported gross profit ÷ reported revenue for the same fiscal year.
Source: SEC XBRL filings · For reference only · Not investment advice