ZIM Integrated Shipping Services (ZIM) Operating Expenses (2019 - 2026)
ZIM Integrated Shipping Services (ZIM) posted quarterly Operating Expenses of -$403.8 million for Q1 2026, down 3.59% year-over-year from -$418.8 million in Q1 2025, and down 2.31% quarter-over-quarter from -$394.7 million in Q4 2025.
ZIM Integrated Shipping Services (ZIM) Operating Expenses (2019 - 2026) Analysis & Trends
ZIM Integrated Shipping Services (ZIM) has reported Operating Expenses for 8 consecutive years, with -$403.8 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 3.59% year-over-year to -$403.8 million; the TTM figure through Mar 2026 stood at -$1.6 billion (down 7.49% YoY), while the FY2025 annual figure was -$1.6 billion, down 11.88% from the prior year.
- Operating Expenses fell to -$403.8 million in Q1 2026 per ZIM's latest filing, from -$394.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at -$308.3 million in Q4 2023 and bottomed at -$486.3 million in Q2 2023.
- Historically, Operating Expenses has averaged -$403.8 million across 5 years, with a median of -$401.1 million in 2025.
- Annual changes were most pronounced in 2022 — Operating Expenses sank 96.47% — and 2023, when it jumped 35.08%.
- ZIM Integrated Shipping Services' Operating Expenses stood at -$474.9 million in 2022, then surged by 35.08% to -$308.3 million in 2023, then dropped by 27.05% to -$391.7 million in 2024, then dropped by 0.77% to -$394.7 million in 2025, then retreated by 2.31% to -$403.8 million in 2026.
- Business Quant data shows ZIM's Operating Expenses at -$403.8 million in Q1 2026, -$394.7 million in Q4 2025, and -$410.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn | 800.04 Mn |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - | 810.50 Mn |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn | -49.23 Mn |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | -403.80 Mn |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | -56.64 Mn |
| 7 | Okeanis Eco Tankers | 2.43 Bn | 2.21 Bn | 12,231.53 Bn | 72,107.52 Bn |
| 8 | Navios Maritime Partners | 2.41 Bn | 2.00 Bn | 326.09 Mn | -23.83 Mn |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | -41.93 Mn |
| 10 | Sfl | 1.65 Bn | 1.50 Bn | 106.91 Mn | 129.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -403.80 Mn |
| Dec 31, 2025 | -394.70 Mn |
| Sep 30, 2025 | -410.20 Mn |
| Jun 30, 2025 | -401.10 Mn |
| Mar 31, 2025 | -389.80 Mn |
| Dec 31, 2024 | -391.70 Mn |
| Sep 30, 2024 | -368.00 Mn |
| Jun 30, 2024 | -348.10 Mn |
| Mar 31, 2024 | -318.50 Mn |
| Dec 31, 2023 | -308.30 Mn |
| Sep 30, 2023 | -481.30 Mn |
| Jun 30, 2023 | -486.30 Mn |
| Mar 31, 2023 | -454.60 Mn |
| Dec 31, 2022 | -474.90 Mn |
| Sep 30, 2022 | -455.70 Mn |
| Jun 30, 2022 | -416.50 Mn |
| Mar 31, 2022 | -361.50 Mn |
| Dec 31, 2021 | -326.20 Mn |
| Sep 30, 2021 | -275.60 Mn |
| Jun 30, 2021 | -238.20 Mn |