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Zenith Bank (NSA:ZENITH) Net Margin % : 44.86% (As of Mar. 2024)


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What is Zenith Bank Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Zenith Bank's Net Income for the three months ended in Mar. 2024 was ₦258,124 Mil. Zenith Bank's Revenue for the three months ended in Mar. 2024 was ₦575,366 Mil. Therefore, Zenith Bank's net margin for the quarter that ended in Mar. 2024 was 44.86%.

The historical rank and industry rank for Zenith Bank's Net Margin % or its related term are showing as below:

NSA:ZENITH' s Net Margin % Range Over the Past 10 Years
Min: 33.57   Med: 37.79   Max: 42.27
Current: 41.02


NSA:ZENITH's Net Margin % is ranked better than
84.94% of 1454 companies
in the Banks industry
Industry Median: 25.32 vs NSA:ZENITH: 41.02

Zenith Bank Net Margin % Historical Data

The historical data trend for Zenith Bank's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Zenith Bank Net Margin % Chart

Zenith Bank Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.82 42.27 39.96 34.02 41.32

Zenith Bank Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.72 38.95 43.69 38.42 44.86

Competitive Comparison of Zenith Bank's Net Margin %

For the Banks - Regional subindustry, Zenith Bank's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Zenith Bank's Net Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Zenith Bank's Net Margin % distribution charts can be found below:

* The bar in red indicates where Zenith Bank's Net Margin % falls into.



Zenith Bank Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Zenith Bank's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=676569/1637393
=41.32 %

Zenith Bank's Net Margin for the quarter that ended in Mar. 2024 is calculated as

Net Margin=Net Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=258124/575366
=44.86 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Zenith Bank  (NSA:ZENITH) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Zenith Bank Net Margin % Related Terms

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Zenith Bank (NSA:ZENITH) Business Description

Traded in Other Exchanges
N/A
Address
Plot 84/87, Ajose Adeogun Street, Zenith Heights, Victoria Island, Lagos, NGA
Zenith Bank PLC is a Nigeria- based company. Its core business is the provision of banking and other financial services to corporate and individual customers. The bank provides services such as granting of loans and advances, corporate finance and money market activities. It also provides banking and pension custodial services to a diverse group of corporations, financial institutions, investment funds, governments and individuals; provision of investment advisory, financial planning services and investment product offerings; providing brokerage services, financing services and securities lending services to institutional clients, including mutual funds, pension funds and to high-net-worth individuals. Revenue generated by bank consists of interest income, fees and commission received.

Zenith Bank (NSA:ZENITH) Headlines

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