ZTO Express (Cayman) (ZTO) Net Margin (2015 - 2026)

ZTO Express (Cayman) has disclosed Net Margin across 12 years of filings, most recently posting 15.95% for Q1 2026.

• Net Margin for Q1 2026 came in at 15.95%, down 235.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 17.87% (down 291.0% YoY), and the FY2025 annual result was 18.49%, down 142.0% from the prior year.
• Net Margin came in at 15.95% for Q1 2026 at ZTO Express (Cayman), down from 18.09% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 26.09% in Q2 2023 to a low of 11.47% in Q1 2022.
• The 5-year median for Net Margin is 20.64% (2023), against an average of 19.8%.
• Across the five-year window, Net Margin surged 713 bps in 2023 and plunged 797 bps in 2025, its largest moves.
• ZTO Express (Cayman)'s Net Margin stood at 21.91% in 2022, then declined by 6 bps to 20.64% in 2023, then dropped by 11 bps to 18.44% in 2024, then dropped by 2 bps to 18.09% in 2025, then decreased by 12 bps to 15.95% in 2026.
• The last three Net Margin figures came in at 15.95% (Q1 2026), 18.09% (Q4 2025), and 21.27% (Q3 2025), per Business Quant data.