ZTO Express (Cayman) (ZTO) Cost of Revenue (2015 - 2026)

ZTO Express (Cayman) has disclosed Cost of Revenue across 12 years of filings, most recently posting $1.6 billion for Q2 2026.

• In Q2 2026, Cost of Revenue rose 28.5% year-over-year to $1.6 billion; the TTM figure through Jun 2026 stood at $5.9 billion (up 25.23% YoY), while the FY2025 annual figure was $5.3 billion, up 25.77% from the prior year.
• Cost of Revenue came in at $1.6 billion for Q2 2026 at ZTO Express (Cayman), up from $1.5 billion in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $1.6 billion in Q2 2026 to a low of $873.0 million in Q3 2023.
• Average Cost of Revenue over 5 years is $1.1 billion, with a median of $1.0 billion recorded in 2022.
• Year-over-year, Cost of Revenue slipped 7.89% in 2023 and advanced 28.86% in 2026.
• Over 5 years, Cost of Revenue stood at $1.0 billion in 2022, then increased by 2.52% to $1.1 billion in 2023, then climbed by 18.94% to $1.3 billion in 2024, then gained by 23.4% to $1.5 billion in 2025, then grew by 2.95% to $1.6 billion in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $1.6 billion in Q2 2026, $1.5 billion in Q1 2026, and $1.5 billion in Q4 2025.