Zhihu Inc. (ZHIHF) Operating margin 2021–2025
Zhihu Inc. (ZHIHF) operating margin by fiscal year — reported operating income divided by reported revenue.
-18.5%FY2025 · since FY2021: -47.0% → -18.5%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | -18.5% | -5.1 pp |
| FY2024 | -13.4% | +12.2 pp |
| FY2023 | -25.5% | +19.0 pp |
| FY2022 | -44.5% | +2.5 pp |
| FY2021 | -47.0% | — |
Operating margin = reported operating income ÷ reported revenue for the same fiscal year. Operating-loss years show as a negative margin.
Source: SEC XBRL filings · For reference only · Not investment advice
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