Zhihu (ZH) Payables (2019 - 2026)
Zhihu (ZH) recorded Payables of $118.4 million in the quarter ended Jun 30, 2026, down 7.6% from $128.11 million a year earlier but up 20.8% from the prior quarter.
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Analysis
Zhihu (ZH) Payables (2019 - 2026) Analysis & Trends
As of Dec 31, 2025, Zhihu reported Payables of $99.68 million, down 12.9% from the prior year.
- Annual Payables has a five-year compound annual growth rate of 6.5% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Payables came in at $114.49 million in the year ended Dec 31, 2024 (-21.7%), $146.27 million in the year ended Dec 31, 2023 (+10.1%), $132.82 million in the year ended Dec 31, 2022 (-17.5%) and $161.09 million in the year ended Dec 31, 2021 (+121.4%).
- Quarterly Payables has ranged from $98 million in the quarter ended Mar 31, 2026 to $183.98 million in the quarter ended Jun 30, 2022 over the past five years.
- On a year-over-year basis, Payables has declined for seven consecutive quarters, with an average decline of 11.6% over the last eight quarters.
- Peak year-over-year performance for Payables in the last five years was growth of 112.0% in the quarter ended Dec 31, 2021, against a decline of 22.7% in the quarter ended Mar 31, 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $98 million (quarter ended Mar 31, 2026), $100.99 million (quarter ended Dec 31, 2025) and $110.94 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 20.26 Bn |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 15.89 Bn |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 3.30 Bn |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | - |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 1.12 Bn |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 3.36 Bn |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | 5.15 Bn |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | 11.29 Bn |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 778.94 Mn |
| 10 | Zhihu | 310.41 Mn | -1.96 Bn | 57.98 Mn | 118.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 118.40 Mn |
| Mar 31, 2026 | 98.00 Mn |
| Dec 31, 2025 | 100.99 Mn |
| Sep 30, 2025 | 110.94 Mn |
| Jun 30, 2025 | 128.11 Mn |
| Mar 31, 2025 | 109.68 Mn |
| Dec 31, 2024 | 116.34 Mn |
| Sep 30, 2024 | 134.71 Mn |
| Jun 30, 2024 | 132.79 Mn |
| Mar 31, 2024 | 141.82 Mn |
| Dec 31, 2023 | 144.24 Mn |
| Sep 30, 2023 | 131.90 Mn |
| Jun 30, 2023 | 156.76 Mn |
| Mar 31, 2023 | 146.39 Mn |
| Dec 31, 2022 | 128.81 Mn |
| Sep 30, 2022 | 129.75 Mn |
| Jun 30, 2022 | 183.98 Mn |
| Mar 31, 2022 | 161.42 Mn |
| Dec 31, 2021 | 160.56 Mn |
| Sep 30, 2021 | 125.35 Mn |
API Access
Zhihu Payables 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=payables&ticker=ZH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "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=payables&ticker=ZH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();