Zhihu (ZHIHF) Tax Rate (2020 - 2025)
Zhihu recorded quarterly Tax Rate of 3.48% in Q4 2025, down 288.09% quarter-over-quarter from 1.85% in Q3 2025, and down 666.0% year-over-year from 0.62% in Q4 2024.
Zhihu's Tax Rate history runs 6 years deep, the most recent figure standing at 3.48% for Q4 2025.
- In Q4 2025, Tax Rate fell 666.0% year-over-year to 3.48%; the TTM figure through Dec 2025 stood at 12.76% (up 118.0% YoY), while the FY2025 annual figure 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 3.18% in Q4 2024 to a low of 8087.35% in Q2 2024.
- A 5-year average of 518.48% and a median of 0.44% in 2022 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate slumped 808819 bps in 2024 and soared 805900 bps in 2025, its largest moves.
- Zhihu's Tax Rate stood at 0.79% in 2021, then surged by 96 bps to 1.56% in 2022, then plunged by 418 bps to 4.95% in 2023, then soared by 164 bps to 3.18% in 2024, then plunged by 210 bps to 3.48% in 2025.
- According to Business Quant data, Tax Rate over the past three periods registered 3.48%, 1.85%, and 28.35% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,554.43 Bn | 4,338.81 Bn | 102.29 Bn | 19.16 |
| 2 | Meta Platforms | 1,602.78 Bn | 1,521.60 Bn | 46.09 Bn | -23.08 |
| 3 | Spotify Technology | 119.86 Bn | 109.62 Bn | 1.75 Bn | - |
| 4 | 33.71 Bn | 30.94 Bn | 511.94 Mn | 0.85 | |
| 5 | Nebius | 22.38 Bn | 22.38 Bn | 295.20 Mn | -0.94 |
| 6 | 12.76 Bn | 11.46 Bn | 768.96 Mn | -15.89 | |
| 7 | Kanzhun | 12.59 Bn | 10.49 Bn | 255.62 Bn | -20.98 |
| 8 | Snap | 9.64 Bn | 6.81 Bn | 1.29 Bn | -3.73 |
| 9 | Match | 8.43 Bn | 7.41 Bn | 653.28 Mn | 16.81 |
| 10 | Zhihu | - | - | 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 | -4.95 |
| Dec 31, 2023 | -4.95 |
| Sep 30, 2023 | -0.09 |
| Sep 30, 2023 | -0.09 |
| Jun 30, 2023 | 0.84 |
| Jun 30, 2023 | 0.84 |
| Mar 31, 2023 | 2.77 |
| Mar 31, 2023 | 2.77 |
| Dec 31, 2022 | 1.56 |
| Dec 31, 2022 | 1.56 |
| Sep 30, 2022 | 0.90 |
| Sep 30, 2022 | 0.90 |
| Jun 30, 2022 | 1.33 |
| Jun 30, 2022 | 1.33 |
| Mar 31, 2022 | 0.39 |
| Mar 31, 2022 | 0.39 |
| Dec 31, 2021 | 0.79 |
| Dec 31, 2021 | 0.79 |
| Sep 30, 2021 | 0.11 |
| Sep 30, 2021 | 0.11 |
| Jun 30, 2021 | 0.50 |
| Jun 30, 2021 | 0.50 |
| Mar 31, 2021 | 0.17 |
| Mar 31, 2021 | 0.17 |
| Dec 31, 2020 | 0.54 |
| Dec 31, 2020 | 0.54 |
| Sep 30, 2020 | 0.31 |
| Sep 30, 2020 | 0.31 |
| Jun 30, 2020 | -0.39 |
| Jun 30, 2020 | -0.39 |
| Mar 31, 2020 | 0.35 |
| Mar 31, 2020 | 0.35 |