ZTO Express (Cayman) (ZTO) EBITDA Margin (2015 - 2026)
ZTO Express (Cayman) (ZTO) posted EBITDA Margin of 29.67% for Q1 2026, up 35.0% sequentially from 21.98% in Q4 2025, and down 418.0% YoY from 9.33% in Q1 2025.
ZTO Express (Cayman) (ZTO) EBITDA Margin (2015 - 2026) Analysis & Trends
ZTO Express (Cayman) has reported EBITDA Margin for 12 years, with the latest figure at 29.67% in Q1 2026.
- Quarterly EBITDA Margin fell 418.0% year-over-year to 29.67% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 23.33% (down 1045.0% YoY) and the FY2025 annual result came in at 21.33%, down 1560.0% from the prior year.
- EBITDA Margin climbed to 29.67% in Q1 2026 per ZTO's latest filing, from 21.98% in the prior quarter.
- Over five years, EBITDA Margin peaked at 37.89% in Q3 2023 and troughed at 20.27% in Q3 2025.
- A 5-year average of 31.19% and a median of 33.51% in 2022 frame the typical range for EBITDA Margin.
- The sharpest annual moves came in 2023 and 2025: EBITDA Margin surged 955 bps in 2023, then slumped 1476 bps in 2025.
- Over 5 years, EBITDA Margin stood at 34.42% in 2022, then increased by 5 bps to 36.06% in 2023, then fell by 1 bps to 35.72% in 2024, then tumbled by 38 bps to 21.98% in 2025, then soared by 35 bps to 29.67% in 2026.
- According to Business Quant data, EBITDA Margin over the past three periods registered 29.67%, 21.98%, and 20.27% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 87.10 Bn | 82.44 Bn | 19.65 Bn | 4.07% |
| 2 | Fedex | 77.88 Bn | 64.57 Bn | 18.84 Bn | 6.20% |
| 3 | Hunt J B Transport Services | 25.87 Bn | 25.87 Bn | - | 7.42% |
| 4 | Expeditors International Of Washington | 24.61 Bn | 23.58 Bn | 1.09 Bn | 9.98% |
| 5 | ZTO Express (Cayman) | 17.17 Bn | 12.76 Bn | 469.01 Mn | 29.67% |
| 6 | C. H. Robinson Worldwide | 16.99 Bn | 16.83 Bn | 1.11 Bn | 5.18% |
| 7 | Landstar System | 6.26 Bn | 5.91 Bn | 308.86 Mn | 4.62% |
| 8 | GXO Logistics | 5.22 Bn | 4.45 Bn | 508.00 Mn | 4.82% |
| 9 | Pitney Bowes | 2.20 Bn | 1.92 Bn | 296.14 Mn | -19.90% |
| 10 | Cryoport | 845.93 Mn | 449.23 Mn | 22.82 Mn | -20.50% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 29.67% |
| Dec 31, 2025 | 21.98% |
| Sep 30, 2025 | 20.27% |
| Jun 30, 2025 | 20.72% |
| Mar 31, 2025 | 33.85% |
| Dec 31, 2024 | 35.72% |
| Sep 30, 2024 | 35.03% |
| Jun 30, 2024 | 30.09% |
| Mar 31, 2024 | 36.75% |
| Dec 31, 2023 | 36.06% |
| Sep 30, 2023 | 37.89% |
| Jun 30, 2023 | 30.60% |
| Mar 31, 2023 | 34.88% |
| Dec 31, 2022 | 34.42% |
| Sep 30, 2022 | 33.51% |
| Jun 30, 2022 | 33.41% |
| Mar 31, 2022 | 25.33% |
| Dec 31, 2021 | 29.72% |
| Sep 30, 2021 | 26.62% |
| Jun 30, 2021 | 29.02% |