ZTO Express (Cayman) (ZTO) Notes Payables (2015 - 2026)
ZTO Express (Cayman)'s Notes Payables was $1.71 billion in the quarter ended Jun 30, 2026, up 11.1% from $1.54 billion a year earlier and up 6.5% from the prior quarter.
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Analysis
ZTO Express (Cayman) (ZTO) Notes Payables (2015 - 2026) Analysis & Trends
As of Dec 31, 2025, Notes Payables at ZTO Express (Cayman) came in at $1.56 billion, up 20.0% from the prior year.
- Notes Payables shows a five-year compound annual growth rate of 99.1% (years ended Dec 2020 to Dec 2025).
- In earlier years, Notes Payables was $1.3 billion in the year ended Dec 31, 2024 (+19.2%), $1.09 billion in the year ended Dec 31, 2023, $29 million in the year ended Dec 31, 2022 (+5.6%) and $27.45 million in the year ended Dec 31, 2021 (-45.1%).
- The figure for the quarter ended Jun 30, 2026 marks the highest quarterly Notes Payables in data going back to the quarter ended Dec 31, 2015.
- Compared with a year earlier, Notes Payables has increased for nine straight quarters, with growth averaging 15.2% over the last eight quarters.
- The best year-over-year quarter for Notes Payables over five years was the quarter ended Mar 31, 2023 (growth of 310.2%); the worst was the quarter ended Mar 31, 2022 (a decline of 53.9%).
- Per Business Quant data, ZTO's Notes Payables in the three quarters before the quarter ended Jun 30, 2026 was $1.61 billion (quarter ended Mar 31, 2026), $1.54 billion (quarter ended Dec 31, 2025) and $1.63 billion (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn |
| 10 | ZTO Express (Cayman) | 15.37 Bn | -767.84 Mn | 550.21 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.71 Bn |
| Mar 31, 2026 | 1.61 Bn |
| Dec 31, 2025 | 1.54 Bn |
| Sep 30, 2025 | 1.63 Bn |
| Jun 30, 2025 | 1.54 Bn |
| Mar 31, 2025 | 1.28 Bn |
| Dec 31, 2024 | 1.32 Bn |
| Sep 30, 2024 | 1.53 Bn |
| Jun 30, 2024 | 1.43 Bn |
| Mar 31, 2024 | 1.11 Bn |
| Dec 31, 2023 | 1.08 Bn |
| Sep 30, 2023 | 1.31 Bn |
| Jun 30, 2023 | 924.11 Mn |
| Mar 31, 2023 | 29.12 Mn |
| Dec 31, 2022 | 28.12 Mn |
| Sep 30, 2022 | 28.12 Mn |
| Jun 30, 2022 | 853.97 Mn |
| Mar 31, 2022 | 7.10 Mn |
| Dec 31, 2021 | 27.36 Mn |
| Sep 30, 2021 | 53.31 Mn |
API Access
ZTO Express (Cayman) Notes Payables API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=notes-payables&ticker=ZTO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "notes-payables", "ticker": "ZTO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=notes-payables&ticker=ZTO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();