VNET Group, Inc. (VNET) Earnings History
Annual and quarterly earnings data from 2009 to 2024
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VNET EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
VNET Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 22.2% | 8.1% | 2.2% |
| 2023 | 17.4% | -26.6% | -35.7% |
| 2022 | 18.2% | 0.9% | -11.0% |
| 2021 | 23.2% | 0.3% | 8.1% |
| 2020 | 22.3% | 2.4% | -56.1% |
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VNET Group, Inc. (VNET) Earnings Overview
As of May 8, 2026, VNET Group, Inc. (VNET) reported trailing twelve-month net income of -$568M, reflecting +103.8% year-over-year growth. The company earned $-2.11 per diluted share over the past four quarters, with a net profit margin of 2.2%.
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 ($956M 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 (2009–2024)
16 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 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% |
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View ValuationCompare VNET vs NVDA
Side-by-side business, growth, and profitability comparison vs NVIDIA Corporation.
Start ComparisonVNET — Frequently Asked Questions
Quick answers to the most common questions about buying VNET stock.
Is VNET growing earnings?
VNET EPS is $-2.11, with earnings growth accelerating to +103.8%. This exceeds the 5-year CAGR of N/A. TTM net income reached $-568M.
What are VNET's profit margins?
VNET Group, Inc. net margin is +2.2%, with operating margin at +8.1%. Below-average margins reflect competitive or cost pressures.
How consistent are VNET's earnings?
VNET earnings data spans 2009-2024. The accelerating earnings trend is +103.8% YoY. Historical data enables comparison across business cycles.