ZTO Express (Cayman) (ZTO) Tax Rate (2015 - 2026)
ZTO Express (Cayman) (ZTO) posted Tax Rate of 21.27% for Q1 2026, down 7.23% sequentially from 19.84% in Q4 2025, and up 21.0% YoY from 17.58% in Q1 2025.
ZTO Express (Cayman) (ZTO) Tax Rate (2015 - 2026) Analysis & Trends
ZTO Express (Cayman) has reported Tax Rate for 12 years, with the latest figure at 21.27% in Q1 2026.
- Quarterly Tax Rate rose 21.0% year-over-year to 21.27% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 17.83% (up 520.0% YoY) and the FY2025 annual result came in at 17.24%, down 713.0% from the prior year.
- Tax Rate retreated to 21.27% in Q1 2026 per ZTO's latest filing, from 19.84% in the prior quarter.
- Over five years, Tax Rate peaked at 6.51% in Q3 2025 and troughed at 30.05% in Q4 2024.
- A 5-year average of 19.89% and a median of 20.31% in 2024 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2024 and 2025: Tax Rate slumped 869 bps in 2024, then surged 1258 bps in 2025.
- Over 5 years, Tax Rate stood at 19.27% in 2022, then slipped by 16 bps to 22.28% in 2023, then sank by 35 bps to 30.05% in 2024, then surged by 34 bps to 19.84% in 2025, then decreased by 7 bps to 21.27% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 21.27%, 19.84%, and 6.51% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 87.24 Bn | 82.59 Bn | 19.65 Bn | 20.63% |
| 2 | Fedex | 77.35 Bn | 64.04 Bn | 18.84 Bn | 24.21% |
| 3 | Hunt J B Transport Services | 25.86 Bn | 25.86 Bn | - | 25.40% |
| 4 | Expeditors International Of Washington | 24.43 Bn | 23.40 Bn | 1.09 Bn | 25.44% |
| 5 | C. H. Robinson Worldwide | 17.04 Bn | 16.89 Bn | 1.11 Bn | 21.47% |
| 6 | ZTO Express (Cayman) | 17.03 Bn | 12.62 Bn | 469.01 Mn | -21.36% |
| 7 | Landstar System | 6.19 Bn | 5.84 Bn | 308.86 Mn | 25.17% |
| 8 | GXO Logistics | 5.22 Bn | 4.45 Bn | 508.00 Mn | 43.75% |
| 9 | Pitney Bowes | 2.21 Bn | 1.93 Bn | 296.14 Mn | 23.79% |
| 10 | Cryoport | 842.14 Mn | 445.45 Mn | 22.82 Mn | -6.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -21.27% |
| Mar 31, 2026 | -21.27% |
| Mar 31, 2026 | -21.27% |
| Dec 31, 2025 | -19.84% |
| Dec 31, 2025 | -19.84% |
| Dec 31, 2025 | -19.84% |
| Sep 30, 2025 | -6.51% |
| Sep 30, 2025 | -6.51% |
| Sep 30, 2025 | -6.51% |
| Jun 30, 2025 | -22.58% |
| Jun 30, 2025 | -22.58% |
| Jun 30, 2025 | -22.58% |
| Mar 31, 2025 | -21.48% |
| Mar 31, 2025 | -21.48% |
| Mar 31, 2025 | -21.48% |
| Dec 31, 2024 | -30.05% |
| Dec 31, 2024 | -30.05% |
| Dec 31, 2024 | -30.05% |
| Sep 30, 2024 | -19.08% |
| Sep 30, 2024 | -19.08% |