Zai Lab (ZLAB) Net Margin (2019 - 2026)
Zai Lab's Net Margin was -47.81% in Q2 2026, down 10.78 percentage points from -37.03% a year earlier but up 3.41 percentage points from the prior quarter.
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Analysis
Zai Lab (ZLAB) Net Margin (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, Zai Lab's Net Margin was -41.86% through Jun 30, 2026, up 7.82 percentage points year-over-year; for FY2025, it came in at -38.15%, up 26.29 percentage points from FY2024.
- Net Margin has now increased for seven consecutive years, with a five-year change of +511.11 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was -64.44% in FY2024 (+61.02 pp), -125.46% in FY2023 (+80.68 pp), -206.14% in FY2022 (+282.02 pp) and -488.16% in FY2021 (+61.10 pp).
- Quarterly Net Margin has moved between -481.81% (Q4 2021) and -30.98% (Q3 2025) over five years.
- Compared with a year earlier, Net Margin was higher in six of the last eight quarters, with an average year-over-year change of +27.07 percentage points.
- The best year-over-year quarter for Net Margin over five years was Q1 2022 (a gain of 982.24 percentage points); the worst was Q3 2022 (a drop of 56.46 percentage points).
- Per Business Quant data, ZLAB's Net Margin in the three quarters before Q2 2026 was -51.22% (Q1 2026), -39.51% (Q4 2025) and -30.98% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 655.56 Bn | 574.09 Bn | 17.26 Bn | 21.86% |
| 2 | AbbVie | 470.94 Bn | 444.10 Bn | 12.70 Bn | 21.27% |
| 3 | Merck | 367.14 Bn | 321.57 Bn | 12.21 Bn | -8.04% |
| 4 | Novartis Ag | 280.33 Bn | 236.20 Bn | 11.24 Bn | 22.61% |
| 5 | Astrazeneca | 257.78 Bn | 231.34 Bn | 12.86 Bn | 18.81% |
| 6 | Amgen | 226.04 Bn | 181.44 Bn | 7.24 Bn | 23.62% |
| 7 | Gilead Sciences | 188.89 Bn | 163.01 Bn | 6.22 Bn | -134.51% |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | -1.65% |
| 9 | Vertex Pharmaceuticals | 133.68 Bn | 105.69 Bn | 2.84 Bn | 32.99% |
| 10 | Zai Lab | 2.88 Bn | 198.00 Mn | 58.15 Mn | -47.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -47.81% |
| Mar 31, 2026 | -51.22% |
| Dec 31, 2025 | -39.51% |
| Sep 30, 2025 | -30.98% |
| Jun 30, 2025 | -37.03% |
| Mar 31, 2025 | -45.49% |
| Dec 31, 2024 | -74.89% |
| Sep 30, 2024 | -40.75% |
| Jun 30, 2024 | -79.87% |
| Mar 31, 2024 | -61.36% |
| Dec 31, 2023 | -144.96% |
| Sep 30, 2023 | -99.89% |
| Jun 30, 2023 | -175.56% |
| Mar 31, 2023 | -78.26% |
| Dec 31, 2022 | -98.67% |
| Sep 30, 2022 | -280.14% |
| Jun 30, 2022 | -286.31% |
| Mar 31, 2022 | -176.34% |
| Dec 31, 2021 | -481.81% |
| Sep 30, 2021 | -223.68% |
API Access
Zai Lab Net 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=net-margin&ticker=ZLAB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=ZLAB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();