ZTO Express (Cayman) (ZTO) EBT Margin (2015 - 2026)
ZTO Express (Cayman) (ZTO) posted EBT Margin of 19.54% for Q1 2026, down 11.84% sequentially from 22.17% in Q4 2025, and down 318.0% YoY from 8.96% in Q1 2025.
ZTO Express (Cayman) (ZTO) EBT Margin (2015 - 2026) Analysis & Trends
ZTO Express (Cayman) has reported EBT Margin for 12 years, with the latest figure at 19.54% in Q1 2026.
- Quarterly EBT Margin fell 318.0% year-over-year to 19.54% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 21.01% (down 594.0% YoY) and the FY2025 annual result came in at 22.51%, down 385.0% from the prior year.
- EBT Margin retreated to 19.54% in Q1 2026 per ZTO's latest filing, from 22.17% in the prior quarter.
- Over five years, EBT Margin peaked at 31.88% in Q2 2023 and troughed at 14.58% in Q1 2022.
- A 5-year average of 24.64% and a median of 25.27% in 2022 frame the typical range for EBT Margin.
- The sharpest annual moves came in 2023 and 2025: EBT Margin surged 897 bps in 2023, then plunged 899 bps in 2025.
- Over 5 years, EBT Margin stood at 26.31% in 2022, then advanced by 2 bps to 26.9% in 2023, then grew by 1 bps to 27.28% in 2024, then slipped by 19 bps to 22.17% in 2025, then retreated by 12 bps to 19.54% in 2026.
- According to Business Quant data, EBT Margin over the past three periods registered 19.54%, 22.17%, and 20.73% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 87.24 Bn | 82.59 Bn | 19.65 Bn | 3.33% |
| 2 | Fedex | 77.35 Bn | 64.04 Bn | 18.84 Bn | 8.43% |
| 3 | Hunt J B Transport Services | 25.86 Bn | 25.86 Bn | - | 6.94% |
| 4 | Expeditors International Of Washington | 24.43 Bn | 23.40 Bn | 1.09 Bn | 10.23% |
| 5 | C. H. Robinson Worldwide | 17.04 Bn | 16.89 Bn | 1.11 Bn | 4.82% |
| 6 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn | 19.46% |
| 7 | Landstar System | 6.19 Bn | 5.84 Bn | 308.86 Mn | 4.57% |
| 8 | GXO Logistics | 5.22 Bn | 4.45 Bn | 508.00 Mn | 1.39% |
| 9 | Pitney Bowes | 2.21 Bn | 1.93 Bn | 296.14 Mn | 14.51% |
| 10 | Cryoport | 842.14 Mn | 445.45 Mn | 22.82 Mn | -15.83% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.54% |
| Dec 31, 2025 | 22.17% |
| Sep 30, 2025 | 20.73% |
| Jun 30, 2025 | 21.54% |
| Mar 31, 2025 | 22.72% |
| Dec 31, 2024 | 27.28% |
| Sep 30, 2024 | 27.24% |
| Jun 30, 2024 | 30.53% |
| Mar 31, 2024 | 23.60% |
| 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% |
| Jun 30, 2021 | 20.90% |