ZTO Express (Cayman) (ZTO) Cost of Revenue (2015 - 2026)
ZTO Express (Cayman) (ZTO) posted Cost of Revenue of $1.5 billion for Q1 2026, down 5.94% sequentially from $1.5 billion in Q4 2025, and up 28.86% YoY from $1.1 billion in Q1 2025.
ZTO Express (Cayman) (ZTO) Cost of Revenue (2015 - 2026) Analysis & Trends
ZTO Express (Cayman) has reported Cost of Revenue for 12 years, with the latest figure at $1.5 billion in Q1 2026.
- Quarterly Cost of Revenue rose 28.86% year-over-year to $1.5 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $5.5 billion (up 24.68% YoY) and the FY2025 annual result came in at $5.3 billion, up 25.77% from the prior year.
- Cost of Revenue retreated to $1.5 billion in Q1 2026 per ZTO's latest filing, from $1.5 billion in the prior quarter.
- Over five years, Cost of Revenue peaked at $1.5 billion in Q4 2025 and troughed at $873.0 million in Q3 2023.
- A 5-year average of $1.1 billion and a median of $1.0 billion in 2022 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2023 and 2026: Cost of Revenue dropped 7.89% in 2023, then climbed 28.86% in 2026.
- Over 5 years, Cost of Revenue stood at $1.0 billion in 2022, then gained by 2.52% to $1.1 billion in 2023, then increased by 18.94% to $1.3 billion in 2024, then climbed by 23.4% to $1.5 billion in 2025, then decreased by 5.94% to $1.5 billion in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $1.5 billion, $1.5 billion, and $1.3 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 87.24 Bn | 82.59 Bn | 19.65 Bn | 3.19 Bn |
| 2 | Fedex | 77.35 Bn | 64.04 Bn | 18.84 Bn | 6.16 Bn |
| 3 | Hunt J B Transport Services | 25.86 Bn | 25.86 Bn | - | - |
| 4 | Expeditors International Of Washington | 24.43 Bn | 23.40 Bn | 1.09 Bn | 2.42 Bn |
| 5 | C. H. Robinson Worldwide | 17.04 Bn | 16.89 Bn | 1.11 Bn | 3.83 Bn |
| 6 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn | 1.46 Bn |
| 7 | Landstar System | 6.19 Bn | 5.84 Bn | 308.86 Mn | 1.12 Bn |
| 8 | GXO Logistics | 5.22 Bn | 4.45 Bn | 508.00 Mn | 2.93 Bn |
| 9 | Pitney Bowes | 2.21 Bn | 1.93 Bn | 296.14 Mn | 155.36 Mn |
| 10 | Cryoport | 842.14 Mn | 445.45 Mn | 22.82 Mn | 26.15 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.46 Bn |
| Mar 31, 2026 | 1.46 Bn |
| Dec 31, 2025 | 1.55 Bn |
| Dec 31, 2025 | 1.55 Bn |
| Sep 30, 2025 | 1.25 Bn |
| Sep 30, 2025 | 1.25 Bn |
| Jun 30, 2025 | 1.24 Bn |
| Jun 30, 2025 | 1.24 Bn |
| Mar 31, 2025 | 1.13 Bn |
| Mar 31, 2025 | 1.13 Bn |
| Dec 31, 2024 | 1.25 Bn |
| Dec 31, 2024 | 1.25 Bn |
| Sep 30, 2024 | 1.05 Bn |
| Sep 30, 2024 | 1.05 Bn |
| Jun 30, 2024 | 977.75 Mn |
| Jun 30, 2024 | 977.75 Mn |
| Mar 31, 2024 | 963.66 Mn |
| Mar 31, 2024 | 963.66 Mn |
| Dec 31, 2023 | 1.06 Bn |
| Dec 31, 2023 | 1.06 Bn |