ZTO Express (Cayman) (ZTO) Operating Leases (2019 - 2026)
ZTO Express (Cayman) (ZTO) recorded Operating Leases of $13.15 million in the quarter ended Jun 30, 2026, down 44.2% from $23.56 million a year earlier and down 24.7% from the prior quarter.
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Analysis
ZTO Express (Cayman) (ZTO) Operating Leases (2019 - 2026) Analysis & Trends
As of Dec 31, 2025, ZTO Express (Cayman) reported Operating Leases of $37.36 million, down 27.8% from the prior year.
- Annual Operating Leases has declined for four straight years, with a five-year compound annual growth rate of -13.5% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Operating Leases came in at $51.75 million in the year ended Dec 31, 2024 (-19.4%), $64.21 million in the year ended Dec 31, 2023 (-13.2%), $73.99 million in the year ended Dec 31, 2022 (-15.2%) and $87.26 million in the year ended Dec 31, 2021 (+13.3%).
- The figure for the quarter ended Jun 30, 2026 is the lowest quarterly Operating Leases in data going back to the quarter ended Mar 31, 2019.
- On a year-over-year basis, Operating Leases has declined for four consecutive quarters, with an average decline of 22.6% over the last eight quarters.
- Peak year-over-year performance for Operating Leases in the last five years was growth of 107.0% in the quarter ended Jun 30, 2022, against a decline of 62.5% in the quarter ended Dec 31, 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $17.45 million (quarter ended Mar 31, 2026), $19.71 million (quarter ended Dec 31, 2025) and $21.35 million (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 | 13.15 Mn |
| Mar 31, 2026 | 17.45 Mn |
| Dec 31, 2025 | 19.71 Mn |
| Sep 30, 2025 | 21.35 Mn |
| Jun 30, 2025 | 23.56 Mn |
| Mar 31, 2025 | 24.30 Mn |
| Dec 31, 2024 | 52.58 Mn |
| Sep 30, 2024 | 23.71 Mn |
| Jun 30, 2024 | 21.23 Mn |
| Mar 31, 2024 | 25.23 Mn |
| Dec 31, 2023 | 63.32 Mn |
| Sep 30, 2023 | 32.05 Mn |
| Jun 30, 2023 | 34.67 Mn |
| Mar 31, 2023 | 34.24 Mn |
| Dec 31, 2022 | 71.76 Mn |
| Sep 30, 2022 | 31.72 Mn |
| Jun 30, 2022 | 72.48 Mn |
| Mar 31, 2022 | 37.25 Mn |
| Dec 31, 2021 | 86.98 Mn |
| Sep 30, 2021 | 38.67 Mn |
API Access
ZTO Express (Cayman) Operating Leases 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=operating-leases&ticker=ZTO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=ZTO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();