Zhihu (ZH) Tax Rate (2020 - 2025)
Zhihu's (ZH) quarterly Tax Rate came in at 3.48% in Q4 2025, down 666.0% year-on-year from 0.62% in Q4 2024, and down 288.09% quarter-over-quarter from 1.85% in Q3 2025.
Zhihu (ZH) Tax Rate (2020 - 2025) Analysis & Trends
Zhihu has disclosed Tax Rate across 6 years of filings, most recently posting 3.48% for Q4 2025.
- Tax Rate for Q4 2025 came in at 3.48%, down 666.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 12.76% (up 118.0% YoY), and the FY2025 annual result was 12.5%, down 1777.0% from the prior year.
- Tax Rate came in at 3.48% for Q4 2025 at Zhihu, down from 1.85% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 5.02% in Q4 2023 to a low of 8087.35% in Q2 2024.
- The 5-year median for Tax Rate is 0.64% (2021), against an average of 517.98%.
- Across the five-year window, Tax Rate tumbled 808819 bps in 2024 and surged 805900 bps in 2025, its largest moves.
- Zhihu's Tax Rate stood at 0.79% in 2021, then jumped by 96 bps to 1.56% in 2022, then soared by 222 bps to 5.02% in 2023, then sank by 37 bps to 3.18% in 2024, then sank by 210 bps to 3.48% in 2025.
- The last three Tax Rate figures came in at 3.48% (Q4 2025), 1.85% (Q3 2025), and 28.35% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | -0.94% |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 19.16% |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | -23.08% |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | - |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 0.85% | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | -15.89% | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | -20.98% |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | -3.73% |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | 4.17% |
| 10 | Zhihu | 105.93 Mn | -359.25 Mn | 49.31 Bn | -3.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -3.48% |
| Dec 31, 2025 | -3.48% |
| Sep 30, 2025 | 1.85% |
| Sep 30, 2025 | 1.85% |
| Jun 30, 2025 | -28.35% |
| Jun 30, 2025 | -28.35% |
| Mar 31, 2025 | -2,250.91% |
| Mar 31, 2025 | -2,250.91% |
| Dec 31, 2024 | 3.18% |
| Dec 31, 2024 | 3.18% |
| Sep 30, 2024 | -9.55% |
| Sep 30, 2024 | -9.55% |
| Jun 30, 2024 | -8,087.35% |
| Jun 30, 2024 | -8,087.35% |
| Mar 31, 2024 | 0.78% |
| Mar 31, 2024 | 0.78% |
| Dec 31, 2023 | 5.02% |
| Dec 31, 2023 | 5.02% |
| Sep 30, 2023 | -0.09% |
| Sep 30, 2023 | -0.09% |