ZTO Express (Cayman) (ZTO) Tax Rate (2016 - 2020)
ZTO Express (Cayman) (ZTO) reported Tax Rate of -7.87% for the quarter ended Jun 30, 2026, up 14.71 percentage points from -22.58% a year earlier and up 13.49 percentage points from the prior quarter.
ZTO Express (Cayman) (ZTO) Tax Rate (2016 - 2020) Analysis & Trends
Over the twelve months ended Jun 30, 2026, ZTO Express (Cayman)'s Tax Rate came in at -13.95%, up 9.76 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at -17.24%, up 7.13 percentage points from the prior year.
- Tax Rate has a five-year change of -17.24 percentage points (years ended Dec 2020 to Dec 2025).
- By year, Tax Rate came in at -24.37% in the year ended Dec 31, 2024 (-6.23 pp), -18.14% in the year ended Dec 31, 2023 (+1.57 pp), -19.71% in the year ended Dec 31, 2022 (-3.04 pp) and -16.67% in the year ended Dec 31, 2021 (-16.67 pp).
- Five-year quarterly Tax Rate spans a low of -30.05% in the quarter ended Dec 31, 2024 and a high of -6.54% in the quarter ended Sep 30, 2025.
- Year over year, Tax Rate has now increased in each of the last four quarters, with an average year-over-year change of +0.54 percentage points over the last eight quarters.
- The high point for year-over-year Tax Rate in five years was the quarter ended Jun 30, 2026 (a gain of 14.71 percentage points); the low point was the quarter ended Dec 31, 2021 (a drop of 27.22 percentage points).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at -21.36% (quarter ended Mar 31, 2026), -19.84% (quarter ended Dec 31, 2025) and -6.54% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | 22.00% |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | 24.09% |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | 24.65% |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | 20.63% |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | 23.46% |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - | 24.21% |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - | 20.16% |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - | 25.00% |
| 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
| Date | Value |
|---|---|
| Dec 31, 2020 | 13.67% |
| Sep 30, 2020 | 2.40% |
| Jun 30, 2020 | 18.07% |
| Mar 31, 2020 | 34.91% |
| Dec 31, 2019 | 14.14% |
| Sep 30, 2019 | 18.65% |
| Jun 30, 2019 | 14.61% |
| Mar 31, 2019 | 13.31% |
| Dec 31, 2018 | 12.61% |
| Sep 30, 2018 | 13.67% |
| Jun 30, 2018 | 23.08% |
| Mar 31, 2018 | 14.04% |
| Dec 31, 2017 | 0.61% |
| Sep 30, 2017 | 21.26% |
| Jun 30, 2017 | 21.12% |
| Mar 31, 2017 | 20.70% |
| Dec 31, 2016 | 22.90% |
| Sep 30, 2016 | 22.38% |
ZTO Express (Cayman) Tax Rate 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=tax-rate&ticker=ZTO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=ZTO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();