Zhihu Inc. (ZH) Earnings History
Annual and quarterly earnings data from 2019 to 2024
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EPS Growth Rates (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.
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% |
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Zhihu Inc. (ZH) Earnings Overview
As of February 26, 2026, Zhihu Inc. (ZH) reported trailing twelve-month net income of $103M, reflecting +0.8% year-over-year growth. The company earned $1.29 per diluted share over the past four quarters, with a net profit margin of -0.0%.
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 0.6%, operating margin of -0.1%, and net margin of -0.0%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including JOYY (-$146M net income, -0.1% margin), RDDT ($530M net income, 0.2% margin), DJT (-$144M net income, -110.8% margin), ZH has outperformed on profitability metrics. Compare ZH vs JOYY →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
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% |
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Start ComparisonFrequently Asked Questions
Is ZH growing earnings?
ZH EPS of $1.29 reflects slowing growth at +0.8%, below the 5-year CAGR of N/A. TTM net income is $103M. Expansion rate has moderated.
What are ZH's profit margins?
Zhihu Inc. net margin is -0.0%, with operating margin at -0.1%. Below-average margins reflect competitive or cost pressures.
How consistent are ZH's earnings?
ZH earnings data spans 2019-2024. The current earnings trend is +0.8% YoY. Historical data enables comparison across business cycles.