Zkh (ZKH) EBITDA Margin (2022 - 2026)
Zkh's (ZKH) quarterly EBITDA Margin came in at 1.06% in Q1 2026, up 311.0% YoY from 0.26% in Q1 2025, and up 4.02% on a QoQ basis from 1.1% in Q4 2025.
Zkh (ZKH) EBITDA Margin (2022 - 2026) Analysis & Trends
Zkh (ZKH) has 5 years of EBITDA Margin data on file, last reported at 1.06% in Q1 2026.
- Quarterly EBITDA Margin rose 311.0% year-over-year to 1.06% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 1.67% (up 162.0% YoY) and the FY2025 annual result came in at 2.37%, up 149.0% from the prior year.
- EBITDA Margin improved to 1.06% in Q1 2026, from 1.1% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 0.28% in Q4 2023 to a low of 7.6% in Q1 2023.
- A 5-year average of 3.59% and a median of 3.62% in 2025 frame the typical range for EBITDA Margin.
- Annual changes were most pronounced in 2023 — EBITDA Margin surged 366 bps — and 2024, when it slumped 110 bps.
- Tracing ZKH's EBITDA Margin over 5 years: stood at 3.94% in 2022, then jumped by 93 bps to 0.28% in 2023, then tumbled by 395 bps to 1.38% in 2024, then grew by 20 bps to 1.1% in 2025, then gained by 4 bps to 1.06% in 2026.
- The last three EBITDA Margin figures came in at 1.06% (Q1 2026), 1.1% (Q4 2025), and 1.38% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,924.76 Bn | 2,801.77 Bn | 198.88 Bn | 13.43% |
| 2 | PDD Holdings | 506.26 Bn | 446.72 Bn | 9.83 Bn | 22.37% |
| 3 | Mercadolibre | 97.68 Bn | 82.48 Bn | 4.16 Bn | 6.72% |
| 4 | DoorDash | 93.06 Bn | 87.71 Bn | 2.35 Bn | 3.50% |
| 5 | JD.com | 87.50 Bn | 58.32 Bn | 7.66 Bn | 1.20% |
| 6 | Sea | 77.73 Bn | 69.21 Bn | 3.15 Bn | 8.08% |
| 7 | Ebay | 47.57 Bn | 44.26 Bn | 2.30 Bn | 21.57% |
| 8 | Coupang | 29.78 Bn | 23.67 Bn | 2.49 Bn | -6.28% |
| 9 | Zkh | 16.08 Bn | 16.08 Bn | 51.11 Mn | -1.06% |
| 10 | Wayfair | 13.68 Bn | 12.54 Bn | 1.05 Bn | 2.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.06% |
| Dec 31, 2025 | -1.10% |
| Sep 30, 2025 | -1.38% |
| Jun 30, 2025 | -3.29% |
| Mar 31, 2025 | -4.17% |
| Dec 31, 2024 | -1.38% |
| Sep 30, 2024 | -4.62% |
| Jun 30, 2024 | -3.16% |
| Mar 31, 2024 | -7.03% |
| Dec 31, 2023 | -0.28% |
| Sep 30, 2023 | -5.36% |
| Jun 30, 2023 | -5.94% |
| Mar 31, 2023 | -7.60% |
| Dec 31, 2022 | -3.94% |