JOYY Financials Joyy Inc.

14 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 30 h ago Overview →

Growth & profitability

Revenue has grown 2.1% per year over the past 5 years.
Net income has grown faster than revenue (8.9% vs 2.1% per year).
Operating margin has expanded, at 2.6% in the latest year.
Free cash flow has declined 14.3% per year over the past 5 years.

Financial health

Operating income covered interest expense 108× in the latest year.

Shareholder returns

Dividends have been paid for 1 consecutive year, consuming 7.4% of earnings and 97.7% of free cash flow.
The dividend has grown 19.2% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$2.1B	$2.1B	35.9%	2.6%	$159M	—	$374M
2024	$2.2B	-$146M	36.0%	-18.1%	$225M	—	$445M
2023	$2.3B	$302M	35.8%	1.3%	$214M	—	$1.1B
2022	$2.4B	$129M	35.3%	2.1%	$247M	—	$1.2B
2021	$2.6B	-$80M	32.0%	-4.1%	$140M	—	$1.8B
2020	$1.9B	$1.4B	28.2%	-21.2%	$344M	—	$1.7B
2019	$901M	$510M	27.1%	-57.2%	$542M	—	$559M
2018	$129M	—	648.7%	298.0%	$601M	—	$873M
2017	—	$383M	—	—	$510M	—	$402M
2016	—	$219M	—	—	—	—	$243M
2015	—	$160M	—	—	—	—	$134M
2014	—	$172M	—	—	—	—	$73M
2013	—	$79M	—	—	—	—	$118M
2012	—	$14M	—	—	$48M	—	$83M

Valuation over time

How the market has priced JOYY against its own fundamentals since 2025-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 32.9× (Dec '25) to 33.7× (Jun '26).
The price-to-sales ratio has risen from 20.0× (Mar '25) to 33.3× (Jun '26).
The dividend yield has fallen from 0.2% (Dec '25) to 0.2% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is JOYY growing its revenue and profit?

Over the past 5 years, Joyy Inc.'s revenue has grown 2.1% per year, and net income grown 8.9% per year. These are computed facts, not advice.

How much debt does JOYY have?

As of FY2025, Joyy Inc. reported — of total debt against $374M of cash; operating income covered interest expense 108×.

What is JOYY's profit margin?

In FY2025, gross margin was 35.9%, operating margin 2.6%, and net margin 98.8%.

What is JOYY's P/E ratio?

As of Jun '26, Joyy Inc. traded at a price-to-earnings ratio of about 33.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.