Growth Metrics

ZTO Express (Cayman) (ZTO) Gross Margin (2016 - 2025)

Historic Gross Margin for Express (Cayman) (ZTO) over the last 11 years, with Q3 2025 value amounting to 24.91%.

  • Express (Cayman)'s Gross Margin fell 63300.0% to 24.91% in Q3 2025 from the same period last year, while for Sep 2025 it was 25.98%, marking a year-over-year decrease of 51800.0%. This contributed to the annual value of 30.98% for FY2024, which is 6200.0% up from last year.
  • Latest data reveals that Express (Cayman) reported Gross Margin of 24.91% as of Q3 2025, which was down 63300.0% from 24.89% recorded in Q2 2025.
  • Over the past 5 years, Express (Cayman)'s Gross Margin peaked at 33.93% during Q2 2023, and registered a low of 16.94% during Q1 2021.
  • In the last 5 years, Express (Cayman)'s Gross Margin had a median value of 27.33% in 2022 and averaged 26.67%.
  • Its Gross Margin has fluctuated over the past 5 years, first surged by 84800bps in 2023, then plummeted by -88700bps in 2025.
  • Over the past 5 years, Express (Cayman)'s Gross Margin (Quarter) stood at 24.42% in 2021, then increased by 15bps to 28.09% in 2022, then grew by 5bps to 29.46% in 2023, then decreased by -1bps to 29.1% in 2024, then dropped by -14bps to 24.91% in 2025.
  • Its Gross Margin was 24.91% in Q3 2025, compared to 24.89% in Q2 2025 and 24.69% in Q1 2025.