ZTO Express (Cayman) Inc. (ZTO) Income Statement
ZTO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsZTO revenue and net income
Where ZTO's revenue goes
2025Each bar shows an amount and its share of revenue. ZTO kept 18.5% of revenue as net income.
ZTO profit margins
ZTO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ZTO quarterly EPS vs estimates
ZTO Express beat the analyst EPS estimate in 3 of the last 3 quarters. Next report: November 18, 2026 (estimate $3.21).
ZTO income statement
| 2025 | |
|---|---|
| Revenue | $47.76B |
| Cost of revenue | $35.82B |
| Gross profit | $11.94B |
| Sales, general & admin | $2.64B |
| Total operating expenses | $2.57B |
| Operating income | $9.37B |
| Interest income | $626.0M |
| Interest expense | $241.8M |
| Income before taxes | $10.84B |
| Income taxes | $1.85B |
| Net income | $8.83B |
| EBITDA | $14.46B |
| EPS (diluted) | $11.56 |
| Gross margin | 25.0% |
| Operating margin | 19.6% |
| Net margin | 18.5% |
| Dec '25 | Sep '24 | Jun '24 | |
|---|---|---|---|
| Revenue | $14.31B | $10.68B | $10.73B |
| Cost of revenue | $10.68B | $7.34B | $7.11B |
| Gross profit | $3.63B | $3.33B | $3.62B |
| Sales, general & admin | $643.9M | $544.6M | $593.0M |
| Total operating expenses | $635.0M | $493.0M | $405.3M |
| Operating income | $3.00B | $2.84B | $3.22B |
| Interest income | $98.1M | $238.5M | $288.1M |
| Interest expense | $26.8M | $66.4M | $115.9M |
| Income before taxes | $3.29B | $2.93B | $3.28B |
| Income taxes | $629.3M | $555.0M | $665.0M |
| Net income | $2.59B | $2.40B | $2.61B |
| EBITDA | $4.20B | $3.71B | $4.15B |
| EPS (diluted) | $3.31 | $2.91 | $3.38 |
| Gross margin | 25.4% | 31.2% | 33.8% |
| Operating margin | 20.9% | 26.6% | 30.0% |
| Net margin | 18.1% | 22.4% | 24.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ZTO's financial statements (latest annual report filed April 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ZTO financial results
In fiscal year 2025 (ended December 31, 2025), ZTO Express reported revenue of $47.8 billion. It had net income of $8.8 billion, a net profit margin of 18.5%. Diluted earnings per share came to $11.56.
See the ZTO stock overview for the latest quote and news, or the ZTO chart for price history and technical indicators.
ZTO income statement FAQ
What is ZTO Express's annual revenue?
ZTO Express reported total revenue of $47.8 billion for fiscal year 2025, which ended on December 31, 2025.
Is ZTO Express profitable?
Yes. ZTO Express reported net income of $8.8 billion in fiscal 2025, a net profit margin of 18.5%; its operating margin was 19.6%.
What is ZTO Express's gross margin?
ZTO Express's gross margin was 25.0% in fiscal 2025: for every $100 of revenue, ZTO Express kept $25 after the direct cost of its products and services.
What are ZTO Express's earnings per share?
ZTO Express earned $11.56 per diluted share in fiscal 2025.
When will ZTO Express report its next earnings?
ZTO Express is expected to report results for the quarter ending September 30, 2026 on November 18, 2026 after the market closes.
When does ZTO Express's fiscal year end?
ZTO Express's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 17, 2026.