Zhihu annual operating margin
2021
2022
2023
2024
2025
Zhihu Operating Margin Growth & History (ZH)
Zhihu's operating margin was −18.45% for fiscal 2025.
View full Zhihu company overviewZhihu annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −18.45% | −5.09 pp |
| 2024 | 2024-12-31 | −13.37% | +12.17 pp |
| 2023 | 2023-12-31 | −25.54% | +18.95 pp |
| 2022 | 2022-12-31 | −44.49% | +2.51 pp |
| 2021 | 2021-12-31 | −46.99% | — |
Zhihu operating margin trends
Between the periods ended 2021-12-31 and 2025-12-31, Zhihu's operating margin increased from −46.99% to −18.45%, a change of +28.54 percentage points.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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