ZKH Group Limited (ZKH) Revenue History
Annual and quarterly revenue from 2020 to 2024
Compound Annual Growth Rate (CAGR)
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ZKH Revenue Growth
Revenue Breakdown (FY 2024)
ZKH's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
ZKH Revenue Analysis (2020–2024)
As of May 9, 2026, ZKH Group Limited (ZKH) generated trailing twelve-month (TTM) revenue of $8.75 billion, reflecting slight decline in growth of -3.7% year-over-year. The most recent quarter (Q2 2025) recorded $2.17 billion in revenue, up 12.0% sequentially.
Looking at the longer-term picture, ZKH's historical revenue data shows a 3-year CAGR of +4.6%. The company achieved its highest annual revenue of $8.76 billion in 2024, representing a new all-time high.
Revenue diversification analysis shows ZKH's business is primarily driven by Product (96%), Service (3%), and Product and Service, Other (1%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including FAST (+8.7% YoY), GWW (+6.6% YoY), and MSM (+0.3% YoY), ZKH has underperformed the peer group in terms of revenue growth. Compare ZKH vs FAST →
ZKH Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ZKHCurrent | $8.8B | -3.7% | - | 3.9% | |
 FAST | $8.2B | +8.7% | +7.7% | 20.2% | |
 GWW | $17.9B | +6.6% | +8.7% | 15.0% | |
 MSM | $3.8B | +0.3% | +3.4% | 8.3% | |
 SITE | $4.7B | +2.8% | +11.7% | 5.1% | |
 WSO | $7.2B | -4.5% | +7.4% | 9.6% |
ZKH Historical Revenue Data (2020–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $8.76B | +0.5% | $1.51B | 17.2% | $338.8M | 3.9% |
| 2023 | $8.72B | +4.9% | $1.45B | 16.7% | $-398,724,000 | -4.6% |
| 2022 | $8.32B | +8.6% | $1.32B | 15.8% | $-685,706,000 | -8.2% |
| 2021 | $7.65B | +63.3% | $1.04B | 13.6% | $-1,110,440,000 | -14.5% |
| 2020 | $4.69B | - | $680.3M | 14.5% | $-399,811,000 | -8.5% |
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Start ComparisonZKH — Frequently Asked Questions
Quick answers to the most common questions about buying ZKH stock.
Is ZKH's revenue growth accelerating or slowing?
ZKH revenue growth slowed to -3.7%, below the 5-year CAGR of N/A. TTM revenue is $8.8B. The deceleration marks a shift from historical growth rates.
What is ZKH's long-term revenue growth rate?
ZKH Group Limited's 5-year revenue CAGR of N/A reflects the variable expansion pattern. Current YoY growth of -3.7% is near this long-term average.
How is ZKH's revenue distributed by segment?
ZKH reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2020-2024 are available for download. Segment mix reveals concentration and diversification trends.