ZKH Group Ltd (ZKH) EBITDA Margin (2022 - 2026)

Zkh (ZKH) has reported EBITDA Margin for 5 consecutive years, with 1.9% the latest figure, recorded in Q1 2026.

• EBITDA Margin for Q1 2026 came in at 1.9%, up 169.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 1.66% (up 27.0% YoY), and the FY2025 annual result was 2.02%, up 70.0% from the prior year.
• EBITDA Margin was 1.9% for Q1 2026 at Zkh, down from 0.61% in the prior quarter.
• Over five years, EBITDA Margin peaked at 3.95% in Q4 2023 and troughed at 10.17% in Q2 2023.
• Average EBITDA Margin over 5 years is 2.77%, with a median of 3.02% recorded in 2024.
• Year-over-year, EBITDA Margin jumped 867 bps in 2023 and tumbled 300 bps in 2024.
• Over 5 years, EBITDA Margin stood at 4.72% in 2022, then soared by 184 bps to 3.95% in 2023, then tumbled by 76 bps to 0.95% in 2024, then plunged by 164 bps to 0.61% in 2025, then slumped by 214 bps to 1.9% in 2026.
• Per Business Quant data, the three most recent EBITDA Margin figures were 1.9% in Q1 2026, 0.61% in Q4 2025, and 1.65% in Q3 2025.