Zhihu (ZH) Invested Capital (2022 - 2026)
Zhihu's Invested Capital was $564.14 million in the quarter ended Jun 30, 2026, down 7.5% from $609.87 million a year earlier.
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Analysis
Zhihu (ZH) Invested Capital (2022 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Invested Capital at Zhihu came in at $928.86 million, up 24.5% from the prior year.
- Invested Capital shows a three-year compound annual growth rate of -5.7% (years ended Dec 2022 to Dec 2025).
- In earlier years, Invested Capital was $745.81 million in the year ended Dec 31, 2024 (+6.3%), $701.62 million in the year ended Dec 31, 2023 (-36.6%) and $1.11 billion in the year ended Dec 31, 2022.
- The figure for the quarter ended Jun 30, 2026 marks the lowest quarterly Invested Capital in data going back to the quarter ended Dec 31, 2022.
- Compared with a year earlier, Invested Capital was higher in two of the last five quarters, with growth averaging 3.7%.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,180.92 Bn | 3,938.44 Bn | 73.85 Bn | 738.65 Bn |
| 2 | Meta Platforms | 1,847.76 Bn | 1,550.28 Bn | 49.47 Bn | 344.89 Bn |
| 3 | Netflix | 289.73 Bn | 249.92 Bn | 6.52 Bn | 44.46 Bn |
| 4 | Alibaba Group Holding | 249.81 Bn | 67.68 Bn | 15.11 Bn | 187.69 Bn |
| 5 | Shopify | 192.08 Bn | 169.26 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 139.76 Bn | 111.74 Bn | 6.38 Bn | 40.94 Bn |
| 7 | Booking Holdings | 122.41 Bn | 55.46 Bn | - | 9.40 Bn |
| 8 | PDD Holdings | 110.94 Bn | -140.99 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 100.32 Bn | 57.56 Bn | 1.86 Bn | - |
| 10 | Zhihu | 292.48 Mn | -1.98 Bn | 57.98 Mn | 564.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 564.14 Mn |
| Dec 31, 2025 | 941.14 Mn |
| Sep 30, 2025 | 593.76 Mn |
| Jun 30, 2025 | 609.87 Mn |
| Mar 31, 2025 | 580.86 Mn |
| Dec 31, 2024 | 754.98 Mn |
| Sep 30, 2024 | 626.54 Mn |
| Jun 30, 2024 | 612.61 Mn |
| Dec 31, 2023 | 706.75 Mn |
| Dec 31, 2022 | 1.07 Bn |
API Access
Zhihu Invested Capital 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=invested-capital&ticker=ZH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=ZH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();