Zkh (ZKH) Gross Margin (2022 - 2026)

Zkh has reported Gross Margin for 5 years, with the latest figure at 93.1% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin rose 17.0% year-over-year to 93.1%; the trailing twelve-month figure through Mar 2026 stood at 93.19% (up 14.0% YoY), and the FY2025 full-year result was 93.49%, up 81.0% from the prior year.
• Gross Margin for Q1 2026 stood at 93.1%, down from 94.02% in the prior quarter.
• The five-year high for Gross Margin was 94.02% in Q4 2025, with the low at 90.72% in Q1 2023.
• Historically, Gross Margin has averaged 92.59% across 5 years, with a median of 92.82% in 2022.
• The largest YoY upside for Gross Margin was 175 bps in 2025 against a maximum downside of 78 bps in 2025.
• Zkh's Gross Margin stood at 92.71% in 2022, then advanced by 0 bps to 93.04% in 2023, then advanced by 1 bps to 93.61% in 2024, then gained by 0 bps to 94.02% in 2025, then decreased by 1 bps to 93.1% in 2026.
• The last three Gross Margin figures came in at 93.1% (Q1 2026), 94.02% (Q4 2025), and 93.23% (Q3 2025), per Business Quant data.