Growth Metrics

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

Historic Operating Expenses for Express (Cayman) (ZTO) over the last 11 years, with Q3 2025 value amounting to -$77.4 million.

  • Express (Cayman)'s Operating Expenses fell 1015.3% to -$77.4 million in Q3 2025 from the same period last year, while for Sep 2025 it was -$224.0 million, marking a year-over-year increase of 2011.74%. This contributed to the annual value of $265.8 million for FY2024, which is 1405.95% up from last year.
  • Per Express (Cayman)'s latest filing, its Operating Expenses stood at -$77.4 million for Q3 2025, which was down 1015.3% from -$65.5 million recorded in Q2 2025.
  • Express (Cayman)'s Operating Expenses' 5-year high stood at -$30.9 million during Q4 2021, with a 5-year trough of -$101.8 million in Q1 2024.
  • Over the past 5 years, Express (Cayman)'s median Operating Expenses value was -$52.6 million (recorded in 2023), while the average stood at -$55.2 million.
  • Per our database at Business Quant, Express (Cayman)'s Operating Expenses plummeted by 29463.85% in 2021 and then soared by 6159.51% in 2025.
  • Over the past 5 years, Express (Cayman)'s Operating Expenses (Quarter) 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 84.27% to -$77.4 million in 2025.
  • Its Operating Expenses was -$77.4 million in Q3 2025, compared to -$65.5 million in Q2 2025 and -$39.1 million in Q1 2025.