ZTO Express (Cayman) (ZTO) Payables (2015 - 2026)
ZTO Express (Cayman) (ZTO) recorded Payables of $2.09 billion in the quarter ended Jun 30, 2026, up 12.3% from $1.86 billion a year earlier but down 7.1% from the prior quarter.
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Analysis
ZTO Express (Cayman) (ZTO) Payables (2015 - 2026) Analysis & Trends
As of Dec 31, 2025, ZTO Express (Cayman) reported Payables of $1.88 billion, up 14.6% from the prior year.
- Annual Payables has increased for ten straight years, with a five-year compound annual growth rate of 45.8% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Payables came in at $1.64 billion in the year ended Dec 31, 2024 (+13.0%), $1.45 billion in the year ended Dec 31, 2023 (+317.2%), $348.57 million in the year ended Dec 31, 2022 (+4.1%) and $334.74 million in the year ended Dec 31, 2021 (+17.0%).
- Quarterly Payables has ranged from $289.64 million in the quarter ended Sep 30, 2022 to $2.25 billion in the quarter ended Mar 31, 2026 over the past five years.
- On a year-over-year basis, Payables has increased for five consecutive quarters, with growth averaging 12.7% over the last eight quarters.
- Peak year-over-year performance for Payables in the last five years was growth of 452.9% in the quarter ended Sep 30, 2023, against a decline of 5.3% in the quarter ended Sep 30, 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $2.25 billion (quarter ended Mar 31, 2026), $1.91 billion (quarter ended Dec 31, 2025) and $2.18 billion (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 176.67 Bn | 168.92 Bn | - | 4.32 Bn |
| 2 | Csx | 95.86 Bn | 91.08 Bn | - | 1.14 Bn |
| 3 | United Parcel Service | 89.65 Bn | 66.55 Bn | - | 5.98 Bn |
| 4 | Canadian Pacific Kansas City | 79.87 Bn | 78.89 Bn | - | 2.05 Bn |
| 5 | Norfolk Southern | 76.00 Bn | 70.46 Bn | - | 2.06 Bn |
| 6 | Fedex | 72.37 Bn | 38.31 Bn | - | 5.07 Bn |
| 7 | Delta Air Lines | 52.60 Bn | 34.79 Bn | - | 7.70 Bn |
| 8 | Old Dominion Freight Line | 36.21 Bn | 35.47 Bn | - | 80.99 Mn |
| 9 | United Airlines Holdings | 33.59 Bn | -24.11 Bn | - | 5.40 Bn |
| 10 | ZTO Express (Cayman) | 15.78 Bn | -472.64 Mn | 550.21 Mn | 2.10 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.10 Bn |
| Mar 31, 2026 | 2.26 Bn |
| Dec 31, 2025 | 1.93 Bn |
| Sep 30, 2025 | 2.20 Bn |
| Jun 30, 2025 | 1.88 Bn |
| Mar 31, 2025 | 1.91 Bn |
| Dec 31, 2024 | 1.64 Bn |
| Sep 30, 2024 | 2.12 Bn |
| Jun 30, 2024 | 1.74 Bn |
| Mar 31, 2024 | 1.94 Bn |
| Dec 31, 2023 | 1.45 Bn |
| Sep 30, 2023 | 1.59 Bn |
| Jun 30, 2023 | 1.19 Bn |
| Mar 31, 2023 | 628.36 Mn |
| Dec 31, 2022 | 1.09 Bn |
| Sep 30, 2022 | 278.50 Mn |
| Jun 30, 2022 | 1.07 Bn |
| Mar 31, 2022 | 480.68 Mn |
| Dec 31, 2021 | 850.11 Mn |
| Sep 30, 2021 | 305.93 Mn |
API Access
ZTO Express (Cayman) 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=payables&ticker=ZTO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "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=payables&ticker=ZTO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();