Income Statement - ZTO Express (Cayman) Inc. (ZTO)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 47,760.98 | 44,280.72 | 38,418.92 | 35,377.00 | 30,405.84 | 25,214.29 | 22,109.95 | 17,604.45 | 13,060.07 | 9,788.77 | 6,086.46 | 3,903.57 |
| Cost of revenue | 35,823.87 | 30,563.63 | 26,756.39 | 26,337.72 | 23,816.46 | 19,377.18 | 15,488.78 | 12,239.57 | 8,714.49 | 6,345.90 | 3,998.74 | 2,770.53 |
| Gross profit | 11,937.11 | 13,717.09 | 11,662.53 | 9,039.28 | 6,589.38 | 5,837.11 | 6,621.17 | 5,364.88 | 4,345.58 | 3,442.87 | 2,087.72 | 1,133.04 |
| Total operating expenses | 2,565.70 | 1,940.23 | 1,654.60 | 1,302.79 | 1,086.37 | 1,082.74 | 1,158.34 | 1,032.66 | 597.15 | 673.89 | 558.49 | 532.74 |
| Operating income | 9,371.41 | 11,776.86 | 10,007.92 | 7,736.48 | 5,503.01 | 4,754.37 | 5,462.83 | 4,332.22 | 3,748.44 | 2,768.98 | 1,529.23 | 600.30 |
| Non-operating income (net) | 1,465.96 | -43.90 | 685.13 | 555.82 | 203.77 | 261.91 | 1,286.73 | 984.82 | 56.83 | 14.61 | 222.39 | 8.19 |
| Income before tax | 10,837.37 | 11,732.96 | 10,693.06 | 8,292.30 | 5,706.78 | 5,016.28 | 6,749.56 | 5,317.05 | 3,805.26 | 2,783.59 | 1,751.62 | 608.49 |
| Income tax expense | 1,853.33 | 2,845.36 | 1,938.60 | 1,633.33 | 1,005.45 | 689.83 | 1,078.30 | 929.13 | 646.36 | 731.99 | 420.00 | 202.49 |
| Net income | 8,833.25 | 8,816.84 | 8,749.00 | 6,809.06 | 4,754.83 | 4,312.21 | 5,674.15 | 4,383.03 | 3,159.66 | 2,053.86 | 1,331.76 | 406.43 |
Show Quarterly Income Statement
Income Statement - ZTO Express (Cayman) Inc. (ZTO)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 13,282.36 | 14,310.42 | 11,802.68 | 11,831.81 | 10,891.47 | 12,919.70 | 10,675.05 | 10,725.96 | 9,960.01 | 10,619.43 | 9,075.92 | 9,740.32 | 8,983.24 | 9,871.33 | 8,944.94 | 8,656.68 | 7,904.05 | 9,217.52 | 7,390.72 | 7,325.06 | 6,472.54 | 8,257.14 | 6,638.84 | 6,402.42 | 3,915.89 | 6,846.52 | 5,265.76 | 5,423.64 | 4,574.03 | 5,627.53 | 4,234.60 | 4,197.92 | 3,544.40 | 4,330.95 | 3,143.09 | 2,971.43 | 2,614.59 | 3,190.52 | 2,353.07 | 2,286.63 | 1,958.55 | 2,187.97 | 1,412.42 | 1,243.03 | 1,243.03 | 629.14 |
| Cost of revenue | 10,047.14 | 10,679.39 | 8,862.16 | 8,887.41 | 8,202.25 | 9,159.98 | 7,340.24 | 7,105.49 | 6,957.92 | 7,491.19 | 6,369.47 | 6,435.90 | 6,459.83 | 7,098.77 | 6,500.53 | 6,453.86 | 6,284.57 | 6,966.60 | 5,822.45 | 5,651.42 | 5,376.00 | 6,398.81 | 5,247.88 | 4,633.26 | 3,097.23 | 4,850.45 | 3,668.82 | 3,655.07 | 3,314.44 | 4,077.34 | 2,909.28 | 2,740.67 | 2,512.28 | 2,977.70 | 2,005.32 | 1,847.53 | 1,883.95 | 2,029.39 | 1,500.60 | 1,458.81 | 1,357.10 | 1,354.74 | 972.72 | 835.64 | 835.64 | 436.21 |
| Gross profit | 3,235.22 | 3,631.04 | 2,940.52 | 2,944.40 | 2,689.22 | 3,759.72 | 3,334.81 | 3,620.48 | 3,002.09 | 3,128.25 | 2,706.44 | 3,304.43 | 2,523.41 | 2,772.56 | 2,444.41 | 2,202.82 | 1,619.48 | 2,250.92 | 1,568.28 | 1,673.64 | 1,096.53 | 1,858.33 | 1,390.95 | 1,769.16 | 818.66 | 1,996.07 | 1,596.94 | 1,768.57 | 1,259.59 | 1,550.19 | 1,325.31 | 1,457.25 | 1,032.13 | 1,353.26 | 1,137.77 | 1,123.91 | 730.65 | 1,161.13 | 852.48 | 827.82 | 601.45 | 833.24 | 439.70 | 407.39 | 407.39 | 192.93 |
| Total operating expenses | 741.35 | 634.99 | 629.28 | 469.31 | 283.84 | 306.55 | 493.02 | 405.28 | 735.38 | 373.15 | 282.83 | 425.65 | 572.97 | 312.73 | 269.57 | 217.27 | 503.22 | 196.92 | 207.81 | 217.99 | 463.65 | 291.71 | 221.83 | 122.55 | 446.65 | 186.42 | 196.42 | 275.82 | 499.68 | 196.97 | 233.58 | 268.41 | 333.72 | 127.54 | 193.02 | 202.65 | 73.94 | 190.17 | 116.04 | 225.71 | 146.99 | 187.67 | 135.93 | 115.32 | 115.32 | 3,090.77 |
| Operating income | 2,493.87 | 2,996.05 | 2,311.24 | 2,475.08 | 2,405.38 | 3,453.17 | 2,841.79 | 3,215.20 | 2,266.70 | 2,755.10 | 2,423.61 | 2,878.78 | 1,950.44 | 2,459.84 | 2,174.84 | 1,985.55 | 1,116.26 | 2,054.00 | 1,360.47 | 1,455.66 | 632.88 | 1,566.63 | 1,169.12 | 1,646.61 | 372.01 | 1,809.65 | 1,400.52 | 1,492.75 | 759.92 | 1,353.22 | 1,091.74 | 1,188.85 | 698.41 | 1,225.71 | 944.74 | 921.26 | 656.71 | 970.96 | 736.43 | 602.11 | 454.46 | 645.57 | 303.77 | 289.95 | 289.95 | 96.46 |
| Non-operating income (net) | 214.67 | 289.32 | 373.36 | 65.01 | 165.38 | 52.72 | 92.21 | 63.81 | -252.65 | 101.72 | 197.39 | 227.02 | 169.39 | 169.97 | 160.00 | 211.36 | 14.49 | 65.11 | 16.94 | 71.43 | 50.28 | 14.59 | 13.33 | 105.26 | 128.73 | 838.53 | 173.46 | 161.15 | 113.59 | 148.27 | 168.99 | 654.24 | 13.33 | 4.92 | 10.16 | 28.98 | 12.77 | 20.40 | -2.79 | -4.35 | 6.38 | 223.70 | -0.30 | -0.50 | -0.50 | 1.61 |
| Income before tax | 2,708.54 | 3,285.37 | 2,684.60 | 2,540.09 | 2,570.76 | 3,505.90 | 2,934.00 | 3,279.01 | 2,014.05 | 2,856.81 | 2,621.00 | 3,105.80 | 2,119.83 | 2,629.80 | 2,334.84 | 2,196.91 | 1,130.74 | 2,119.11 | 1,377.42 | 1,527.08 | 683.16 | 1,581.22 | 1,182.45 | 1,751.87 | 500.75 | 2,648.18 | 1,573.98 | 1,653.90 | 873.51 | 1,501.49 | 1,260.73 | 1,843.08 | 711.74 | 1,230.64 | 954.90 | 950.25 | 669.48 | 991.36 | 733.65 | 597.76 | 460.83 | 869.27 | 303.47 | 289.44 | 289.44 | 98.07 |
| Income tax expense | 552.18 | 629.32 | 159.16 | 575.53 | 531.57 | 1,059.09 | 554.96 | 665.01 | 566.31 | 636.62 | 271.39 | 575.59 | 455.01 | 500.52 | 439.39 | 438.21 | 255.22 | 371.43 | 229.53 | 254.86 | 149.64 | 289.61 | -27.85 | 298.30 | 129.77 | 331.34 | 266.30 | 288.80 | 191.86 | 222.64 | 201.36 | 350.86 | 154.28 | 8.76 | 237.67 | 233.32 | 166.61 | 251.55 | 186.47 | 171.95 | 122.02 | 166.21 | 90.32 | 81.73 | 81.73 | 32.64 |
| Net income | 2,118.33 | 2,589.12 | 2,510.53 | 1,938.33 | 1,993.25 | 2,382.69 | 2,396.30 | 2,611.80 | 1,426.05 | 2,192.31 | 2,345.16 | 2,541.20 | 1,670.34 | 2,162.61 | 1,934.99 | 1,805.18 | 906.27 | 1,762.33 | 1,166.70 | 1,292.17 | 533.63 | 1,288.14 | 1,201.02 | 1,448.35 | 374.70 | 2,326.42 | 1,307.53 | 1,359.48 | 680.72 | 1,275.54 | 1,059.64 | 1,491.09 | 556.76 | 1,222.31 | 716.97 | 716.84 | 503.55 | 740.20 | 547.06 | 427.82 | 338.78 | 702.41 | 213.34 | 208.00 | 208.00 | 65.50 |