Zai Lab (ZLAB) Gross Margin (2019 - 2026)
Zai Lab (ZLAB) reported Gross Margin of 54.70% for Q2 2026, down 6.20 percentage points from 60.90% a year earlier and down 6.84 percentage points from the prior quarter.
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Analysis
Zai Lab (ZLAB) Gross Margin (2019 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Zai Lab's Gross Margin came in at 56.51%, down 6.14 percentage points year-over-year; for FY2025, it was 58.60%, down 4.53 percentage points from FY2024.
- Gross Margin has declined for three consecutive years, with a five-year change of -7.22 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 63.13% in FY2024 (-0.95 pp), 64.08% in FY2023 (-1.50 pp), 65.58% in FY2022 (+1.78 pp) and 63.80% in FY2021 (-2.01 pp).
- Five-year quarterly Gross Margin spans a low of 50.63% in Q4 2021 and a high of 71.78% in Q3 2021.
- Year over year, Gross Margin has now declined in each of the last five quarters, with an average year-over-year change of -3.02 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q4 2022 (a gain of 15.94 percentage points); the low point was Q4 2025 (a drop of 10.52 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 61.54% (Q1 2026), 51.17% (Q4 2025) and 59.72% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 655.56 Bn | 574.09 Bn | 17.26 Bn | 68.19% |
| 2 | AbbVie | 470.94 Bn | 444.10 Bn | 12.70 Bn | 74.74% |
| 3 | Merck | 367.14 Bn | 321.57 Bn | 12.21 Bn | 73.54% |
| 4 | Novartis Ag | 280.33 Bn | 236.20 Bn | 11.24 Bn | 78.02% |
| 5 | Astrazeneca | 257.78 Bn | 231.34 Bn | 12.86 Bn | 83.60% |
| 6 | Amgen | 226.04 Bn | 181.44 Bn | 7.24 Bn | 72.04% |
| 7 | Gilead Sciences | 188.89 Bn | 163.01 Bn | 6.22 Bn | 79.76% |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 72.78% |
| 9 | Vertex Pharmaceuticals | 133.68 Bn | 105.69 Bn | 2.84 Bn | 85.33% |
| 10 | Zai Lab | 2.88 Bn | 198.00 Mn | 58.15 Mn | 54.70% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 54.70% |
| Mar 31, 2026 | 61.54% |
| Dec 31, 2025 | 51.17% |
| Sep 30, 2025 | 59.72% |
| Jun 30, 2025 | 60.90% |
| Mar 31, 2025 | 63.89% |
| Dec 31, 2024 | 61.69% |
| Sep 30, 2024 | 64.24% |
| Jun 30, 2024 | 65.03% |
| Mar 31, 2024 | 61.42% |
| Dec 31, 2023 | 61.66% |
| Sep 30, 2023 | 63.20% |
| Jun 30, 2023 | 65.49% |
| Mar 31, 2023 | 66.02% |
| Dec 31, 2022 | 66.58% |
| Sep 30, 2022 | 65.17% |
| Jun 30, 2022 | 63.87% |
| Mar 31, 2022 | 66.52% |
| Dec 31, 2021 | 50.63% |
| Sep 30, 2021 | 71.78% |
API Access
Zai Lab Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=ZLAB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "ZLAB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=ZLAB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();