Zhihu Inc. (ZH) EBT Margin (2020 - 2025)

Zhihu (ZH) has 6 years of EBT Margin data on file, last reported at 33.94% in Q4 2025.

• Quarterly EBT Margin fell 4368.0% year-over-year to 33.94% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 8.3% (down 1799.0% YoY) and the FY2025 annual result came in at 6.31%, down 135.0% from the prior year.
• EBT Margin fell to 33.94% in Q4 2025 per ZH's latest filing, from 6.96% in the prior quarter.
• The five-year high for EBT Margin was 14.25% in Q2 2025, with the low at 82.33% in Q1 2022.
• Average EBT Margin over 5 years is 24.23%, with a median of 22.01% recorded in 2023.
• Year-over-year, EBT Margin jumped 6481 bps in 2023 and tumbled 4368 bps in 2025.
• Zhihu's EBT Margin stood at 37.31% in 2021, then surged by 57 bps to 15.87% in 2022, then soared by 154 bps to 8.63% in 2023, then grew by 13 bps to 9.75% in 2024, then sank by 448 bps to 33.94% in 2025.
• Business Quant data shows ZH's EBT Margin at 33.94% in Q4 2025, 6.96% in Q3 2025, and 14.25% in Q2 2025.