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

ZTO Express (Cayman) has disclosed Net Margin across 12 years of filings, most recently posting 20.97% for Q2 2026.

• In Q2 2026, Net Margin rose 459.0% year-over-year to 20.97%; the TTM figure through Jun 2026 stood at 19.03% (up 20.0% YoY), while the FY2025 annual figure was 18.49%, down 142.0% from the prior year.
• Net Margin came in at 20.97% for Q2 2026 at ZTO Express (Cayman), up from 15.95% 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.
• Average Net Margin over 5 years is 19.86%, with a median of 20.75% recorded in 2022.
• Year-over-year, Net Margin soared 713 bps in 2023 and tumbled 797 bps in 2025.
• Over 5 years, 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 advanced by 16 bps to 20.97% in 2026.
• Per Business Quant data, the three most recent Net Margin figures were 20.97% in Q2 2026, 15.95% in Q1 2026, and 18.09% in Q4 2025.