Zkh (ZKH) Net Margin (2022 - 2026)
Zkh (ZKH) reported Net Margin of 0.43% for Q1 2026, up 299.0% on a YoY basis from 0.11% in Q1 2025, and down 289.7% quarter-over-quarter from 0.23% in Q4 2025.
Zkh (ZKH) Net Margin (2022 - 2026) Analysis & Trends
Zkh has reported Net Margin for 5 years, with the latest figure at 0.43% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 299.0% year-over-year to 0.43%; the trailing twelve-month figure through Mar 2026 stood at 0.87% (up 187.0% YoY), and the FY2025 full-year result was 1.54%, up 157.0% from the prior year.
- Net Margin for Q1 2026 stood at 0.43%, down from 0.23% in the prior quarter.
- The five-year high for Net Margin was 13.98% in Q2 2023, with the low at 4.88% in Q1 2024.
- Historically, Net Margin has averaged 0.28% across 5 years, with a median of 1.12% in 2024.
- Annual changes were most pronounced in 2023 — Net Margin surged 454 bps — and 2024, when it plunged 1692 bps.
- Zkh's Net Margin stood at 0.45% in 2022, then jumped by 1016 bps to 4.09% in 2023, then sank by 129 bps to 1.21% in 2024, then soared by 119 bps to 0.23% in 2025, then plunged by 290 bps to 0.43% in 2026.
- The last three Net Margin figures came in at 0.43% (Q1 2026), 0.23% (Q4 2025), and 1.04% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | 16.68% |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 4.71% |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 4.53% |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | 19.81% |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | - |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | -3.13% |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | -0.43% |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | -3.58% |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | 14.13% |
| 10 | Chewy | 7.37 Bn | 6.85 Bn | 1.01 Bn | 2.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -0.43% |
| Dec 31, 2025 | 0.23% |
| Sep 30, 2025 | -1.04% |
| Jun 30, 2025 | -2.45% |
| Mar 31, 2025 | -3.42% |
| Dec 31, 2024 | -1.21% |
| Sep 30, 2024 | -3.53% |
| Jun 30, 2024 | -2.94% |
| Mar 31, 2024 | -4.88% |
| Dec 31, 2023 | 4.09% |
| Sep 30, 2023 | 0.30% |
| Jun 30, 2023 | 13.98% |
| Mar 31, 2023 | -2.13% |
| Dec 31, 2022 | -0.45% |