Zhihu (ZH) Share-based Compensation (2019 - 2025)

Zhihu has reported Share-based Compensation for 5 years, with the latest figure at $13.4 million in Q4 2025.

• Quarterly Share-based Compensation rose 4.69% year-over-year to $13.4 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $13.4 million (up 4.69% YoY) and the FY2025 annual result came in at $13.4 million, up 4.69% from the prior year.
• Share-based Compensation improved to $13.4 million in Q4 2025 per ZH's latest filing, from $12.8 million in the prior quarter.
• Over five years, Share-based Compensation peaked at $75.8 million in Q4 2021 and troughed at $12.8 million in Q4 2024.
• A 5-year average of $31.6 million and a median of $22.8 million in 2023 frame the typical range for Share-based Compensation.
• The sharpest annual moves came in 2022 and 2025: Share-based Compensation sank 56.33% in 2022, then rose 4.69% in 2025.
• Over 5 years, Share-based Compensation stood at $75.8 million in 2021, then tumbled by 56.33% to $33.1 million in 2022, then sank by 31.12% to $22.8 million in 2023, then slumped by 43.86% to $12.8 million in 2024, then grew by 4.69% to $13.4 million in 2025.
• According to Business Quant data, Share-based Compensation over the past three periods registered $13.4 million, $12.8 million, and $22.8 million for Q4 2025, Q4 2024, and Q4 2023 respectively.