Kingsoft Cloud Holdings Limited (KC) Revenue History
Annual and quarterly revenue from 2018 to 2024
Compound Annual Growth Rate (CAGR)
Loading revenue history...
KC Revenue Growth
Revenue Breakdown (FY 2024)
KC's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
KC Revenue Analysis (2018–2024)
As of May 8, 2026, Kingsoft Cloud Holdings Limited (KC) generated trailing twelve-month (TTM) revenue of $9.02 billion, reflecting explosive growth of +33.7% year-over-year. The most recent quarter (Q3 2025) recorded $2.47 billion in revenue, up 5.9% sequentially.
Looking at the longer-term picture, KC's 5-year compound annual growth rate (CAGR) stands at +14.6%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $8.94 billion in 2021.
Revenue diversification analysis shows KC's business is primarily driven by Enterprise Cloud Services (100%), and Other Services (0%). With over half of revenue concentrated in Enterprise Cloud Services, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including BIDU (-2.6% YoY), BABA (+5.2% YoY), and JD (+16.6% YoY), KC has underperformed the peer group in terms of revenue growth. Compare KC vs BIDU →
KC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| KCCurrent | $9.0B | +33.7% | +14.6% | -22.3% | |
 BIDU | $133.1B | -2.6% | +4.4% | 16.0% | |
 BABA | $996.3B | +5.2% | +14.3% | 14.1% | |
 JD | $1.16T | +16.6% | +15.0% | 3.3% | |
 CAN | $530M | +96.8% | +50.5% | -21.2% | |
 AMZN | $716.9B | +14.2% | +13.2% | 11.2% |
KC Historical Revenue Data (2018–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $7.79B | +10.5% | $1.34B | 17.2% | $-1,739,010,000 | -22.3% |
| 2023 | $7.05B | -15.3% | $850.2M | 12.1% | $-2,108,551,000 | -29.9% |
| 2022 | $8.32B | -6.9% | $267.4M | 3.2% | $-2,290,957,304 | -27.5% |
| 2021 | $8.94B | +43.8% | $277.2M | 3.1% | $-1,788,927,388 | -20.0% |
| 2020 | $6.22B | +57.6% | $326.3M | 5.2% | $-1,141,347,724 | -18.4% |
| 2019 | $3.95B | +71.2% | $2.3M | 0.1% | $-1,140,446,781 | -28.9% |
| 2018 | $2.30B | - | $-214,064,381 | -9.3% | $-1,017,628,726 | -44.2% |
See KC's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs KC Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare KC vs NVDA
Side-by-side business, growth, and profitability comparison vs NVIDIA Corporation.
Start ComparisonKC — Frequently Asked Questions
Quick answers to the most common questions about buying KC stock.
Is KC's revenue growth accelerating or slowing?
KC revenue is accelerating at +33.7% year-over-year, exceeding the 5-year CAGR of +14.6%. TTM revenue reached $9.0B. Growth momentum has increased versus prior periods.
What is KC's long-term revenue growth rate?
Kingsoft Cloud Holdings Limited's 5-year revenue CAGR of +14.6% reflects the sustained expansion pattern. Current YoY growth of +33.7% is above this long-term average.
How is KC's revenue distributed by segment?
KC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2018-2024 are available for download. Segment mix reveals concentration and diversification trends.