VNET Group, Inc. (VNET) Earnings History
Net Loss17 years of earnings data (2009–2025) · Currently unprofitable on a TTM basis
Loading earnings history...
VNET Group, Inc. (VNET) Earnings Overview
As of June 22, 2026, VNET Group, Inc. (VNET) reported trailing twelve-month net income of -$2.25B, reflecting -236.4% year-over-year growth. The company earned $-8.22 per diluted share over the past four quarters, with a net profit margin of -2.6%.
Looking at the long-term picture, VNET's historical earnings data spans multiple years. The company achieved its highest annual net income of $500M in fiscal 2021.
VNET Group, Inc. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including GDS ($2.83B net income, 8.3% margin), DLR ($1.31B net income, 21.4% margin), EQIX ($1.42B net income, 14.6% margin), VNET has room to improve margins relative to the peer group. Compare VNET vs GDS →
VNET Earnings vs Peers
Earnings metrics vs comparable public companies
VNET Historical Earnings Data (2009–2025)
17 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$250M | -236.3% | $732M | $-0.90 | -2.6% | 7.6% |
| 2024 | $183M | +106.9% | $669M | $0.66 | 2.2% | 8.1% |
| 2023 | -$2.64B | -234.8% | -$1.97B | $-17.58 | -35.7% | -26.6% |
| 2022 | -$790M | -257.9% | $62M | $-5.16 | -11.0% | 0.9% |
| 2021 | $500M | +118.5% | $21M | $3.30 | 8.1% | 0.3% |
| 2020 | -$2.71B | -1386.3% | $117M | $-26.82 | -56.1% | 2.4% |
| 2019 | -$182M | +11.1% | $182M | $-1.20 | -4.8% | 4.8% |
| 2018 | -$205M | +73.5% | $237M | $-1.80 | -6.0% | 7.0% |
| 2017 | -$773M | -22.0% | -$1.37B | $-6.90 | -22.8% | -40.3% |
| 2016 | -$634M | -48.0% | -$840M | $-7.92 | -17.4% | -23.1% |
| 2015 | -$428M | -22.8% | -$284M | $-5.22 | -11.8% | -7.8% |
| 2014 | -$348M | -622.6% | -$115M | $-5.22 | -12.1% | -4.0% |
| 2013 | -$48M | -185.6% | $42M | $-0.78 | -2.5% | 2.1% |
| 2012 | $56M | +205.4% | $81M | $0.96 | 3.7% | 5.3% |
| 2011 | $18M | +107.2% | $15M | $0.36 | 1.8% | 1.5% |
| 2010 | -$255M | -4214.7% | -$233M | $-15.90 | -48.6% | -44.3% |
| 2009 | -$6M | - | $27M | $-0.50 | -1.9% | 8.7% |
Download Data
Export VNET earnings history in CSV or JSON format
Free sign-in required to download data
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
17+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
VNET — Frequently Asked Questions
Quick answers to the most common questions about buying VNET stock.
What is VNET earnings per share (EPS)?
VNET trailing twelve-month (TTM) diluted EPS is $-8.22, reflecting -236.4% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 2009 to 2025 is available in the table on this page.
What is VNET Group, Inc.'s net income?
VNET Group, Inc. (VNET) trailing twelve-month net income is $-2.3B as of 2025. Earnings declined -236.4% year-over-year.
Is VNET profitable?
VNET is not currently profitable on a TTM basis, reporting a net loss of $-2.3B. Net margin is -2.6%. Investors should monitor for a return to profitability.
What is VNET's earnings growth rate?
VNET compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2009 to 2025.
What are VNET's profit margins?
VNET Group, Inc. net profit margin is -2.6%, operating margin is +7.6%, and gross margin is +22.0%. Below-average margins reflect competitive or cost pressures. Return on Equity is -3.2%.
Is VNET growing earnings?
VNET earnings are declining — EPS fell -236.4% year-over-year. TTM net income dropped to $-2.3B. This contrasts with the 5-year CAGR of N/A.
What was VNET's best earnings year?
VNET Group, Inc.'s highest annual net income on record is $500M, achieved in fiscal year 2021. Earnings history on this page spans 2009 to 2025 and includes all annual and quarterly figures.
What were VNET's earnings last quarter?
VNET's most recent reported quarter was Q1 2026. Net income was $-2.2B with diluted EPS of $-8.16. For a full breakdown of all quarters, see the quarterly earnings table on this page.