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

Zkh (ZKH) has reported Gross Margin for 5 consecutive years, with 93.1% the latest figure, recorded in Q1 2026.

• Gross Margin for Q1 2026 came in at 93.1%, up 17.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 93.19% (up 56.0% YoY), and the FY2025 annual result was 93.49%, up 81.0% from the prior year.
• Gross Margin was 93.1% for Q1 2026 at Zkh, down from 94.02% in the prior quarter.
• Over five years, Gross Margin peaked at 94.02% in Q4 2025 and troughed at 90.7% in Q3 2024.
• Average Gross Margin over 5 years is 92.54%, with a median of 92.82% recorded in 2022.
• Year-over-year, Gross Margin slumped 126 bps in 2024 and jumped 253 bps in 2025.
• Over 5 years, Gross Margin stood at 92.71% in 2022, then increased by 0 bps to 93.04% in 2023, then increased by 1 bps to 93.61% in 2024, then grew by 0 bps to 94.02% in 2025, then declined by 1 bps to 93.1% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 93.1% in Q1 2026, 94.02% in Q4 2025, and 93.23% in Q3 2025.