Yatsen Holding Limited (YSG) Revenue History
Annual and quarterly revenue from 2018 to 2024
Compound Annual Growth Rate (CAGR)
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YSG Revenue Growth
Revenue Breakdown (FY 2024)
YSG's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
YSG Revenue Analysis (2018–2024)
As of May 8, 2026, Yatsen Holding Limited (YSG) generated trailing twelve-month (TTM) revenue of $4.07 billion, reflecting explosive growth of +50.0% year-over-year. The most recent quarter (Q3 2025) recorded $993.2 million in revenue, down 7.7% sequentially.
Looking at the longer-term picture, YSG's 5-year compound annual growth rate (CAGR) stands at +2.6%, indicating moderate growth over time. The company achieved its highest annual revenue of $5.76 billion in 2021.
Revenue diversification analysis shows YSG's business is primarily driven by Other Operating Segment (100%). With over half of revenue concentrated in Other Operating Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including COTY (-3.6% YoY), ELF (+16.7% YoY), and REVG (-3.2% YoY), YSG has outperformed the peer group in terms of revenue growth. Compare YSG vs COTY →
YSG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| YSGCurrent | $4.1B | +50.0% | +2.6% | -12.4% | |
 COTY | $5.9B | -3.6% | +4.5% | 4.1% | |
 ELF | $1.3B | +16.7% | +35.9% | 12.0% | |
 REVG | $2.5B | -3.2% | +1.6% | 7.8% | |
 IPAR | $1.5B | +1.9% | +22.5% | 18.2% | |
 SKIN | $301M | -8.2% | +20.4% | -6.9% |
YSG Historical Revenue Data (2018–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $3.44B | +0.8% | $2.65B | 77.1% | $-427,792,324 | -12.4% |
| 2023 | $3.41B | -9.5% | $2.51B | 73.6% | $-559,240,436 | -16.4% |
| 2022 | $3.77B | -34.6% | $2.56B | 68.0% | $-945,212,943 | -25.1% |
| 2021 | $5.76B | +16.5% | $3.85B | 66.8% | $-1,603,215,295 | -27.8% |
| 2020 | $4.95B | +63.7% | $3.18B | 64.3% | $-2,536,227,336 | -51.3% |
| 2019 | $3.02B | +358.0% | $1.92B | 63.6% | $143.4M | 4.7% |
| 2018 | $660.1M | - | $419.0M | 63.5% | $-34,613,448 | -5.2% |
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Start ComparisonYSG — Frequently Asked Questions
Quick answers to the most common questions about buying YSG stock.
Is YSG's revenue growth accelerating or slowing?
YSG revenue is accelerating at +50.0% year-over-year, exceeding the 5-year CAGR of +2.6%. TTM revenue reached $4.1B. Growth momentum has increased versus prior periods.
What is YSG's long-term revenue growth rate?
Yatsen Holding Limited's 5-year revenue CAGR of +2.6% reflects the sustained expansion pattern. Current YoY growth of +50.0% is above this long-term average.
How is YSG's revenue distributed by segment?
YSG 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.