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ZTO Express (Cayman) (ZTO) Operating Expenses (2016 - 2025)

ZTO Express (Cayman)'s Operating Expenses history spans 11 years, with the latest figure at -$70.4 million for Q4 2025.

  • On a quarterly basis, Operating Expenses fell 67.69% to -$70.4 million in Q4 2025 year-over-year; TTM through Dec 2025 was -$252.4 million, a 6.46% increase, with the full-year FY2025 number at $256.9 million, down 3.35% from a year prior.
  • Operating Expenses hit -$70.4 million in Q4 2025 for ZTO Express (Cayman), up from -$77.4 million in the prior quarter.
  • Over the last five years, Operating Expenses for ZTO hit a ceiling of -$30.9 million in Q4 2021 and a floor of -$101.8 million in Q1 2024.
  • Historically, Operating Expenses has averaged -$55.9 million across 5 years, with a median of -$54.2 million in 2023.
  • Biggest five-year swings in Operating Expenses: crashed 294.64% in 2021 and later surged 61.6% in 2025.
  • Tracing ZTO's Operating Expenses over 5 years: stood at -$30.9 million in 2021, then plummeted by 46.73% to -$45.3 million in 2022, then dropped by 15.91% to -$52.6 million in 2023, then grew by 20.09% to -$42.0 million in 2024, then plummeted by 67.69% to -$70.4 million in 2025.
  • Business Quant data shows Operating Expenses for ZTO at -$70.4 million in Q4 2025, -$77.4 million in Q3 2025, and -$65.5 million in Q2 2025.