ZTO Express (Cayman) (ZTO) Tax Rate (2015 - 2026)
ZTO Express (Cayman)'s (ZTO) quarterly Tax Rate came in at 21.36% in Q1 2026, up 16.0% year-on-year from 18.42% in Q1 2025, and down 7.68% quarter-over-quarter from 19.84% in Q4 2025.
ZTO Express (Cayman) (ZTO) Tax Rate (2015 - 2026) Analysis & Trends
ZTO Express (Cayman) has disclosed Tax Rate across 12 years of filings, most recently posting 21.36% for Q1 2026.
- Tax Rate for Q1 2026 came in at 21.36%, up 16.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 17.87% (up 518.0% YoY), and the FY2025 annual result was 17.24%, down 713.0% from the prior year.
- Tax Rate came in at 21.36% for Q1 2026 at ZTO Express (Cayman), down from 19.84% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 6.54% in Q3 2025 to a low of 30.05% in Q4 2024.
- The 5-year median for Tax Rate is 21.36% (2026), against an average of 20.17%.
- Across the five-year window, Tax Rate sank 867 bps in 2024 and surged 1295 bps in 2025, its largest moves.
- ZTO Express (Cayman)'s Tax Rate stood at 19.74% in 2022, then declined by 15 bps to 22.6% in 2023, then sank by 33 bps to 30.05% in 2024, then soared by 34 bps to 19.84% in 2025, then slipped by 8 bps to 21.36% in 2026.
- The last three Tax Rate figures came in at 21.36% (Q1 2026), 19.84% (Q4 2025), and 6.54% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 92.26 Bn | 86.49 Bn | 18.44 Bn | 23.13% |
| 2 | Fedex | 78.12 Bn | 66.43 Bn | 20.49 Bn | 16.39% |
| 3 | Hunt J B Transport Services | 26.94 Bn | 26.93 Bn | 2.88 Bn | 25.16% |
| 4 | C. H. Robinson Worldwide | 22.05 Bn | 21.89 Bn | 1.50 Bn | 11.66% |
| 5 | Expeditors International Of Washington | 21.79 Bn | 20.48 Bn | 2.84 Bn | -25.96% |
| 6 | Landstar System | 7.42 Bn | 7.01 Bn | 1.16 Bn | 25.19% |
| 7 | GXO Logistics | 5.58 Bn | 4.83 Bn | 490.00 Mn | 70.59% |
| 8 | ZTO Express (Cayman) | 2.73 Bn | -774.03 Mn | 469.01 Mn | -21.36% |
| 9 | Pitney Bowes | 2.47 Bn | 2.16 Bn | 375.39 Mn | 27.76% |
| 10 | Cryoport | 783.40 Mn | 379.76 Mn | 21.91 Mn | -1.16% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -21.36% |
| Mar 31, 2026 | -21.36% |
| Dec 31, 2025 | -19.84% |
| Dec 31, 2025 | -19.84% |
| Sep 30, 2025 | -6.54% |
| Sep 30, 2025 | -6.54% |
| Jun 30, 2025 | -22.58% |
| Jun 30, 2025 | -22.58% |
| Mar 31, 2025 | -21.52% |
| Mar 31, 2025 | -21.52% |
| Dec 31, 2024 | -30.05% |
| Dec 31, 2024 | -30.05% |
| Sep 30, 2024 | -19.49% |
| Sep 30, 2024 | -19.49% |
| Jun 30, 2024 | -19.96% |
| Jun 30, 2024 | -19.96% |
| Mar 31, 2024 | -24.09% |
| Mar 31, 2024 | -24.09% |
| Dec 31, 2023 | -22.60% |
| Dec 31, 2023 | -22.60% |