ZTO Express is a major Chinese express parcel carrier operating within China’s e-commerce logistics network. It focuses on last-mile and trunk-line delivery services that connect merchants, platforms and consumers. The model emphasizes scale, network density and cost efficiency in a high-volume domestic parcel market.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 11,831.8 | — | 1,938.3 | -29.8% |
| Q3 2025 | 11,864.7 | — | 2,523.7 | 10.1% |
| Q4 2025 | 14,510.7 | — | 2,726.8 | 3.6% |
| Q1 2026 | 13,282.4 | — | 2,118.3 | -3.8% |
| Q2 2026 | 14,549.9 | 23% | 3,100.3 | 60% |
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