Growth Metrics

Zhihu (ZH) EBITDA Margin (2020 - 2025)

Historic EBITDA Margin for Zhihu (ZH) over the last 6 years, with Q2 2025 value amounting to 0.01%.

  • Zhihu's EBITDA Margin rose 196800.0% to 0.01% in Q2 2025 from the same period last year, while for Sep 2025 it was 6.62%, marking a year-over-year increase of 111800.0%. This contributed to the annual value of 13.37% for FY2024, which is 121700.0% up from last year.
  • Zhihu's EBITDA Margin amounted to 0.01% in Q2 2025, which was up 196800.0% from 7.21% recorded in Q1 2025.
  • Over the past 5 years, Zhihu's EBITDA Margin peaked at 136.51% during Q1 2024, and registered a low of 87.21% during Q1 2022.
  • In the last 5 years, Zhihu's EBITDA Margin had a median value of 20.75% in 2023 and averaged 8.2%.
  • Per our database at Business Quant, Zhihu's EBITDA Margin skyrocketed by 1583100bps in 2024 and then crashed by -1437200bps in 2025.
  • Zhihu's EBITDA Margin (Quarter) stood at 36.82% in 2021, then soared by 382bps to 103.68% in 2022, then crashed by -37bps to 65.28% in 2023, then plummeted by -98bps to 1.58% in 2024, then tumbled by -101bps to 0.01% in 2025.
  • Its EBITDA Margin was 0.01% in Q2 2025, compared to 7.21% in Q1 2025 and 1.58% in Q4 2024.