ZTO Express (Cayman) Financial Statements
NYSE: ZTOIndustrialsTrucking Freight/Courier ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
ZTO Express (Cayman) revenue and earnings
In fiscal 2025, ZTO Express (Cayman) generated $7.02 billion in revenue, up 15.7% from fiscal 2024, its 9th consecutive year of revenue growth. Net income was $1.30 billion (+7.5% year over year), for a net margin of 18.5% versus a median of 19.2% in the prior 5 years. Gross margin was 25.0% (down from 31.0%) and operating margin 21.3%.
Diluted earnings per share came in at $1.60, up from $1.47. Over the last 5 fiscal years, ZTO's revenue has grown at a 12.7% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
ZTO Express (Cayman) income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.02B | 6.07B | 5.41B | 5.13B | 4.77B | 3.86B | 3.18B | 2.56B | 2.01B | 1.41B |
| Revenue growth (YoY) | +15.74% | +12.11% | +5.50% | +7.50% | +23.47% | +21.67% | +24.04% | +27.56% | +42.37% | — |
| Cost of Revenue | 5.27B | 4.19B | 3.77B | 3.82B | 3.74B | 2.97B | 2.22B | 1.78B | 1.34B | 914.00M |
| Gross Profit | 1.75B | 1.88B | 1.64B | 1.31B | 1.03B | 894.58M | 951.07M | 780.29M | 667.90M | 495.88M |
| Operating Expenses | 256.91M | 265.81M | 233.05M | 188.89M | 170.47M | 165.94M | 166.38M | 150.19M | 91.78M | 97.06M |
| Selling, General & Admin | 377.17M | 368.53M | 341.59M | 301.19M | 294.37M | 254.97M | 222.10M | 176.09M | 119.96M | 101.68M |
| Operating Income | 1.50B | 1.61B | 1.41B | 1.12B | 863.54M | 728.64M | 784.69M | 630.10M | 576.12M | 398.82M |
| Interest Expense | 35.55M | 46.30M | 40.78M | 27.62M | 19.85M | 5.41M | — | 113.00K | 2.41M | 1.87M |
| Pretax Income | 1.58B | 1.60B | 1.51B | 1.20B | 900.61M | 771.62M | 970.60M | 776.15M | 587.27M | 406.21M |
| Income Tax | 272.44M | 389.81M | 273.05M | 236.81M | 157.78M | 105.72M | 154.89M | 135.14M | 99.34M | 105.43M |
| Net Income | 1.30B | 1.21B | 1.23B | 987.22M | 746.14M | 660.88M | 815.04M | 637.49M | 485.63M | 295.82M |
| Net Income growth (YoY) | +7.50% | -1.98% | +24.82% | +32.31% | +12.90% | -18.91% | +27.85% | +31.27% | +64.17% | — |
| EPS (Basic) | 1.63 | 1.50 | 1.53 | 1.22 | 0.91 | 0.83 | 1.04 | 0.85 | 0.68 | 0.42 |
| EPS (Diluted) | 1.60 | 1.47 | 1.49 | 1.21 | 0.91 | 0.83 | 1.04 | 0.85 | 0.68 | 0.42 |
| Shares Outstanding (Basic) | 797.63M | 804.88M | 807.74M | 809.44M | 819.96M | 796.10M | 784.01M | 751.81M | 717.14M | 634.58M |
| Shares Outstanding (Diluted) | 820.80M | 838.44M | 838.95M | 820.27M | 819.96M | 796.15M | 784.33M | 752.67M | 717.60M | 634.58M |
| EBITDA | 1.98B | 2.03B | 1.81B | 1.51B | 1.21B | 1.01B | 966.33M | 754.26M | 662.25M | 445.62M |
| Gross Margin | 24.99% | 30.98% | 30.36% | 25.55% | 21.67% | 23.15% | 29.95% | 30.47% | 33.27% | 35.17% |
| Operating Margin | 21.33% | 26.60% | 26.05% | 21.87% | 18.10% | 18.86% | 24.71% | 24.61% | 28.70% | 28.29% |
| Net Margin | 18.49% | 19.91% | 22.77% | 19.25% | 15.64% | 17.10% | 25.66% | 24.90% | 24.19% | 20.98% |
This table shows 10 annual periods of ZTO Express (Cayman)'s income statement, from FY 2025 back to FY 2016, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow ZTO's reporting calendar. What is a income statement?