Zkh (ZKH) Payables (2022 - 2025)
Zkh (ZKH) reported Payables of $417.2 million for Q4 2025, up 4.62% on a YoY basis from $398.8 million in Q4 2024, and up 4.62% quarter-over-quarter from $398.8 million in Q4 2024.
Zkh (ZKH) Payables (2022 - 2025) Analysis & Trends
Zkh has reported Payables for 4 years, with the latest figure at $417.2 million in Q4 2025.
- For the quarter ending Q4 2025, Payables rose 4.62% year-over-year to $417.2 million; the trailing twelve-month figure through Dec 2025 stood at $417.2 million (up 4.62% YoY), and the FY2025 full-year result was $417.2 million, up 4.62% from the prior year.
- Payables for Q4 2025 stood at $417.2 million, up from $398.8 million in the prior quarter.
- The five-year high for Payables was $417.2 million in Q4 2025, with the low at $360.8 million in Q4 2022.
- Historically, Payables has averaged $394.6 million across 4 years, with a median of $400.2 million in 2024.
- Annual changes were most pronounced in 2023 — Payables climbed 11.3% — and 2024, when it decreased 0.7%.
- Zkh's Payables stood at $360.8 million in 2022, then rose by 11.3% to $401.6 million in 2023, then slipped by 0.7% to $398.8 million in 2024, then advanced by 4.62% to $417.2 million in 2025.
- The last three Payables figures came in at $417.2 million (Q4 2025), $398.8 million (Q4 2024), and $401.6 million (Q4 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | 124.75 Bn |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 5.04 Bn |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 268.00 Mn |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | 7.10 Bn |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | 311.00 Mn |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | 7.64 Bn |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | - |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | 1.09 Bn |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | 48.00 Mn |
| 10 | Chewy | 7.37 Bn | 6.85 Bn | 1.01 Bn | 1.31 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 417.19 Mn |
| Dec 31, 2024 | 398.77 Mn |
| Dec 31, 2023 | 401.60 Mn |
| Dec 31, 2022 | 360.81 Mn |