Financials in USD. Standardized financial statements.
A compact view of how ZTO Express (Cayman) Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $47.76B | $44.28B | $38.42B | $35.38B | $30.41B | $25.21B | $22.11B | $17.60B | $13.06B | $9.79B |
| Revenue Growth? | +7.9% | +15.3% | +8.6% | +16.3% | +20.6% | +14.0% | +25.6% | +34.8% | +33.4% | 0.0% |
| Cost of Revenue? | $35.82B | $30.56B | $26.76B | $26.34B | $23.82B | $19.38B | $15.49B | $12.24B | $8.71B | $6.35B |
| Gross Profit? | $11.94B | $13.72B | $11.66B | $9.04B | $6.59B | $5.84B | $6.62B | $5.36B | $4.35B | $3.44B |
| Gross Margin? | +25.0% | +31.0% | +30.4% | +25.6% | +21.7% | +23.1% | +29.9% | +30.5% | +33.3% | +35.2% |
| Operating Expenses? | $2.57B | $1.94B | $1.65B | $1.30B | $1.09B | $1.08B | $1.16B | $1.03B | $597.15M | $673.89M |
| Operating Income? | $9.37B | $11.78B | $10.01B | $7.74B | $5.50B | $4.75B | $5.46B | $4.33B | $3.75B | $2.77B |
| EBITDA? | $12.66B | $15.04B | $13.85B | $11.15B | $8.09B | $6.91B | $8.02B | $6.19B | $4.40B | $3.16B |
| Income Before Tax | $10.84B | $11.73B | $10.69B | $8.29B | $5.71B | $5.02B | $6.75B | $5.32B | $3.81B | $2.78B |
| Income Tax Expense | $1.85B | $2.85B | $1.94B | $1.63B | $1.01B | $689.83M | $1.08B | $929.13M | $646.36M | $731.99M |
| Net Income? | $8.83B | $8.82B | $8.75B | $6.81B | $4.75B | $4.31B | $5.67B | $4.38B | $3.16B | $2.05B |
| EPS? | $11.05 | $10.95 | $10.83 | $8.41 | $5.80 | $5.42 | $7.24 | $5.83 | $4.41 | $2.91 |
| Diluted EPS? | $10.91 | $10.70 | $10.60 | $8.36 | $5.80 | $5.42 | $7.23 | $5.82 | $4.40 | $2.91 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality