ZTO Express (Cayman) (ZTO) Cost of Revenue (2015 - 2026)
ZTO Express (Cayman) (ZTO) posted Cost of Revenue of $1.59 billion for the quarter ended Jun 30, 2026, up 28.5% from $1.24 billion a year earlier and up 9.5% from the prior quarter.
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Analysis
ZTO Express (Cayman) (ZTO) Cost of Revenue (2015 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Cost of Revenue at ZTO Express (Cayman) was $5.85 billion, up 25.2% year-over-year; for the year ended Dec 31, 2025, it was $5.27 billion, up 25.8% from the prior year.
- Annual Cost of Revenue shows a five-year compound annual growth rate of 827.1% (years ended Dec 2020 to Dec 2025).
- In prior years, ZTO Express (Cayman)'s Cost of Revenue was $4.19 billion in the year ended Dec 31, 2024 (+11.1%), $3.77 billion in the year ended Dec 31, 2023 (-1.3%), $3.82 billion in the year ended Dec 31, 2022 (+7.4%) and $3.56 billion in the year ended Dec 31, 2021.
- The figure for the quarter ended Jun 30, 2026 stands as the highest quarterly Cost of Revenue in data going back to the quarter ended Sep 30, 2015.
- On a year-over-year basis, Cost of Revenue has increased in each of the last 11 quarters, with growth averaging 22.9% over the last eight quarters.
- The strongest year-over-year quarter for Cost of Revenue in the past five years was the quarter ended Mar 31, 2026, with growth of 28.9%; the weakest was the quarter ended Jun 30, 2023, with a decline of 7.9%.
- According to Business Quant data, Cost of Revenue for the three prior quarters was $1.46 billion (quarter ended Mar 31, 2026), $1.55 billion (quarter ended Dec 31, 2025) and $1.25 billion (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 165.28 Bn | 159.81 Bn | - | - |
| 2 | Csx | 87.86 Bn | 84.08 Bn | - | - |
| 3 | Canadian Pacific Kansas City | 75.56 Bn | 75.27 Bn | - | - |
| 4 | Norfolk Southern | 71.27 Bn | 65.91 Bn | - | - |
| 5 | United Parcel Service | 69.70 Bn | 46.62 Bn | - | - |
| 6 | Fedex | 68.71 Bn | 34.65 Bn | - | - |
| 7 | Delta Air Lines | 55.32 Bn | 37.50 Bn | - | - |
| 8 | Old Dominion Freight Line | 37.44 Bn | 36.71 Bn | - | - |
| 9 | United Airlines Holdings | 36.52 Bn | -19.85 Bn | - | - |
| 10 | ZTO Express (Cayman) | 15.42 Bn | -712.48 Mn | 550.21 Mn | 1.59 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.59 Bn |
| Mar 31, 2026 | 1.46 Bn |
| Dec 31, 2025 | 1.55 Bn |
| Sep 30, 2025 | 1.25 Bn |
| Jun 30, 2025 | 1.24 Bn |
| Mar 31, 2025 | 1.13 Bn |
| Dec 31, 2024 | 1.25 Bn |
| Sep 30, 2024 | 1.05 Bn |
| Jun 30, 2024 | 977.75 Mn |
| Mar 31, 2024 | 963.66 Mn |
| Dec 31, 2023 | 1.06 Bn |
| Sep 30, 2023 | 873.01 Mn |
| Jun 30, 2023 | 887.55 Mn |
| Mar 31, 2023 | 940.62 Mn |
| Dec 31, 2022 | 1.03 Bn |
| Sep 30, 2022 | 913.83 Mn |
| Jun 30, 2022 | 963.54 Mn |
| Mar 31, 2022 | 991.37 Mn |
| Dec 31, 2021 | 1.09 Bn |
| Sep 30, 2021 | 903.63 Mn |
API Access
ZTO Express (Cayman) Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ZTO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "ZTO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ZTO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();