Zhihu Inc. (ZH) Earnings History
Annual and quarterly earnings data from 2019 to 2024
Loading earnings history...
ZH EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
ZH Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 60.6% | -13.4% | -4.8% |
| 2023 | 54.7% | -25.5% | -20.1% |
| 2022 | 50.2% | -44.5% | -43.9% |
| 2021 | 52.5% | -47.0% | -43.9% |
| 2020 | 56.0% | -44.6% | -38.3% |
Download Data
Export ZH earnings history in CSV or JSON format
Free sign-in required to download data
Zhihu Inc. (ZH) Earnings Overview
As of May 6, 2026, Zhihu Inc. (ZH) reported trailing twelve-month net income of $103M, reflecting +77.7% year-over-year growth. The company earned $1.29 per diluted share over the past four quarters, with a net profit margin of -4.8%.
Looking at the long-term picture, ZH's historical earnings data spans multiple years. The company achieved its highest annual net income of -$174M in fiscal 2024, representing a new all-time high.
Zhihu Inc. maintains positive profitability with a gross margin of 60.6%, operating margin of -13.4%, and net margin of -4.8%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including MOMO ($800M net income, 7.8% margin), JOYY (-$146M net income, -6.5% margin), DOYU (-$202M net income, -7.0% margin), ZH has room to improve margins relative to the peer group. Compare ZH vs MOMO →
ZH Earnings vs Peers
Earnings metrics vs comparable public companies
ZH Historical Earnings Data (2019–2024)
6 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | -$174M | +79.3% | -$488M | $-1.89 | -4.8% | -13.4% |
| 2023 | -$844M | +47.6% | -$1.07B | $-8.47 | -20.1% | -25.5% |
| 2022 | -$1.61B | -25.5% | -$1.63B | $-15.68 | -43.9% | -44.5% |
| 2021 | -$1.28B | -162.0% | -$1.37B | $-18.35 | -43.9% | -47.0% |
| 2020 | -$489M | +51.1% | -$570M | $-12.85 | -38.3% | -44.6% |
| 2019 | -$1.00B | - | -$1.06B | $-10.12 | -149.8% | -157.9% |
See ZH's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs ZH Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare ZH vs NFLX
Side-by-side business, growth, and profitability comparison vs Netflix, Inc..
Start ComparisonZH — Frequently Asked Questions
Quick answers to the most common questions about buying ZH stock.
Is ZH growing earnings?
ZH EPS is $1.29, with earnings growth accelerating to +77.7%. This exceeds the 5-year CAGR of N/A. TTM net income reached $103M.
What are ZH's profit margins?
Zhihu Inc. net margin is -4.8%, with operating margin at -13.4%. Below-average margins reflect competitive or cost pressures.
How consistent are ZH's earnings?
ZH earnings data spans 2019-2024. The accelerating earnings trend is +77.7% YoY. Historical data enables comparison across business cycles.