Zhihu (ZH) Common Equity (2019 - 2026)
Zhihu's Common Equity came in at $550.81 million for the quarter ended Jun 30, 2026, down 6.2% from $587.35 million a year earlier and down 0.8% from the prior quarter.
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Analysis
Zhihu (ZH) Common Equity (2019 - 2026) Analysis & Trends
As of Dec 31, 2025, Zhihu's Common Equity was $543.98 million, down 4.0% from the prior year.
- Common Equity has declined in each of the last three years.
- Going back by year, Common Equity was $566.65 million in the year ended Dec 31, 2024 (-12.5%), $647.87 million in the year ended Dec 31, 2023 (-21.0%), $819.71 million in the year ended Dec 31, 2022 and -$53.22 million in the year ended Dec 31, 2021.
- The five-year range for quarterly Common Equity is $546.35 million (the quarter ended Dec 31, 2025) to $1.09 billion (the quarter ended Sep 30, 2021).
- Year-over-year, Common Equity has declined for 18 consecutive quarters, with an average decline of 6.7% over the last eight quarters.
- Across the past five years, year-over-year decline in Common Equity ran from 3.0% in the quarter ended Jun 30, 2025 to 24.0% in the quarter ended Dec 31, 2022.
- Business Quant data shows ZH's Common Equity at $555.22 million (quarter ended Mar 31, 2026), $546.35 million (quarter ended Dec 31, 2025) and $578.94 million (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,126.42 Bn | 3,883.94 Bn | 73.85 Bn | 640.48 Bn |
| 2 | Meta Platforms | 1,763.57 Bn | 1,466.09 Bn | 49.47 Bn | 261.22 Bn |
| 3 | Netflix | 287.17 Bn | 247.37 Bn | 6.52 Bn | 30.15 Bn |
| 4 | Alibaba Group Holding | 252.08 Bn | 65.86 Bn | 15.11 Bn | 163.05 Bn |
| 5 | Shopify | 224.54 Bn | 201.72 Bn | 1.71 Bn | 12.68 Bn |
| 6 | Uber Technologies | 140.28 Bn | 112.08 Bn | 6.38 Bn | 28.22 Bn |
| 7 | Booking Holdings | 125.81 Bn | 58.86 Bn | - | -10.78 Bn |
| 8 | PDD Holdings | 114.10 Bn | -129.68 Bn | 9.45 Bn | 66.00 Bn |
| 9 | Spotify Technology | 108.24 Bn | 65.74 Bn | 1.86 Bn | 9.58 Bn |
| 10 | Zhihu | 281.65 Mn | -2.05 Bn | 57.98 Mn | 539.92 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 539.92 Mn |
| Mar 31, 2026 | 544.45 Mn |
| Dec 31, 2025 | 553.89 Mn |
| Sep 30, 2025 | 569.15 Mn |
| Jun 30, 2025 | 578.09 Mn |
| Mar 31, 2025 | 564.51 Mn |
| Dec 31, 2024 | 574.90 Mn |
| Sep 30, 2024 | 611.19 Mn |
| Jun 30, 2024 | 593.39 Mn |
| Mar 31, 2024 | 608.47 Mn |
| Dec 31, 2023 | 661.55 Mn |
| Sep 30, 2023 | 670.80 Mn |
| Jun 30, 2023 | 726.96 Mn |
| Mar 31, 2023 | 797.93 Mn |
| Dec 31, 2022 | 817.78 Mn |
| Sep 30, 2022 | 827.47 Mn |
| Jun 30, 2022 | 906.21 Mn |
| Mar 31, 2022 | 1.00 Bn |
| Dec 31, 2021 | 1.06 Bn |
| Sep 30, 2021 | 1.09 Bn |
API Access
Zhihu Common Equity API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=common-equity&ticker=ZH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "ticker": "ZH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=common-equity&ticker=ZH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();