Full Truck Alliance Co. Ltd. (NYSE:YMM)
Представила свои результаты за второе полугодие 2026 года 19 августа, Revealing robust operational growth and margin expansion despite a challenging freight market in China. Digital freight platform operator reported 68,5 million fulfilled orders, up 12,7% year-over-year, while non-GAAP adjusted operating margins reached a record 46,7%. Company's shares rose 2,73% to $9,04 in premarket trading following earnings release.
Operational Growth
Платформа processed 68,5 million fulfilled orders during quarter, representing 12,7% increase from prior year period. Average shipper monthly active users (MAUs) reached 3,57 million, up 12,8% year-over-year, while platform maintained 4,78 million active truckers who fulfilled shipping orders.
Revenue Composition
Significant development in quarter was continued evolution of Full Truck Alliance's revenue composition, with freight brokerage services emerging as dominant revenue driver. Freight brokerage service revenue surged to RMB 1 766 million in Q2 2026, representing 52,2% of total revenue compared to 41,0% in prior year period.
Margin Expansion
Non-GAAP adjusted operating income reached RMB 1 581 million with margin of 46,7%, up from 38,0% in prior year quarter. Non-GAAP adjusted net income totaled RMB 1 434 million with 42,4% margin, compared to 41,7% a year earlier. Margin expansion reflects shift toward higher-margin freight brokerage services and improved operational efficiency.
