Zhihu (ZH) Share-based Compensation (2021 - 2025)
Zhihu (ZH) posted Share-based Compensation of $13.4 million for Q4 2025, up 4.69% sequentially from $12.8 million in Q4 2024, and up 4.69% YoY from $12.8 million in Q4 2024.
Zhihu (ZH) Share-based Compensation (2021 - 2025) Analysis & Trends
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Share-based Compensation (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn | 7.96 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn | 7.66 Bn |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn | - |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | - |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | 65.56 Mn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | - |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | - |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | 35.30 Mn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | 100.95 Mn | |
| 10 | Zhihu | 795.74 Mn | 320.56 Mn | 49.31 Bn | 13.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 13.40 Mn |
| Dec 31, 2025 | 13.40 Mn |
| Dec 31, 2024 | 12.80 Mn |
| Dec 31, 2024 | 12.80 Mn |
| Dec 31, 2023 | 22.80 Mn |
| Dec 31, 2023 | 22.80 Mn |
| Dec 31, 2022 | 33.10 Mn |
| Dec 31, 2022 | 33.10 Mn |
| Dec 31, 2021 | 75.80 Mn |
| Dec 31, 2021 | 75.80 Mn |