ZTO Express (Cayman) (ZTO) EBT Margin (2015 - 2026)
ZTO Express (Cayman)'s (ZTO) quarterly EBT Margin came in at 22.59% in Q2 2026, up 105.0% year-over-year from 11.02% in Q2 2025, and up 16.08% quarter-over-quarter from 19.46% in Q1 2026.
Analysis
ZTO Express (Cayman) (ZTO) EBT Margin (2015 - 2026) Analysis & Trends
ZTO Express (Cayman) has disclosed EBT Margin across 12 years of filings, most recently posting 22.59% for Q2 2026.
- In Q2 2026, EBT Margin rose 105.0% year-over-year to 22.59%; the TTM figure through Jun 2026 stood at 21.29% (down 331.0% YoY), while the FY2025 annual figure was 22.51%, down 385.0% from the prior year.
- EBT Margin came in at 22.59% for Q2 2026 at ZTO Express (Cayman), up from 19.46% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 31.88% in Q2 2023 to a low of 14.58% in Q1 2022.
- Average EBT Margin over 5 years is 24.49%, with a median of 24.55% recorded in 2022.
- Year-over-year, EBT Margin jumped 897 bps in 2023 and tumbled 899 bps in 2025.
- Over 5 years, EBT Margin stood at 26.31% in 2022, then rose by 2 bps to 26.9% in 2023, then advanced by 1 bps to 27.28% in 2024, then retreated by 19 bps to 22.17% in 2025, then rose by 2 bps to 22.59% in 2026.
- Per Business Quant data, the three most recent EBT Margin figures were 22.59% in Q2 2026, 19.46% in Q1 2026, and 22.17% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 85.05 Bn | 80.40 Bn | 19.65 Bn | 3.33% |
| 2 | Fedex | 73.65 Bn | 60.34 Bn | 18.84 Bn | 8.43% |
| 3 | ZTO Express (Cayman) | 16.52 Bn | 11.93 Bn | 550.21 Mn | 22.59% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.59% |
| Mar 31, 2026 | 19.46% |
| Dec 31, 2025 | 22.17% |
| Sep 30, 2025 | 20.62% |
| Jun 30, 2025 | 21.54% |
| Mar 31, 2025 | 22.68% |
| Dec 31, 2024 | 27.28% |
| Sep 30, 2024 | 26.67% |
| Jun 30, 2024 | 30.53% |
| Mar 31, 2024 | 23.83% |
| Dec 31, 2023 | 26.90% |
| Sep 30, 2023 | 28.76% |
| Jun 30, 2023 | 31.88% |
| Mar 31, 2023 | 23.56% |
| Dec 31, 2022 | 26.31% |
| Sep 30, 2022 | 26.25% |
| Jun 30, 2022 | 25.27% |
| Mar 31, 2022 | 14.58% |
| Dec 31, 2021 | 22.82% |
| Sep 30, 2021 | 18.90% |