ZTO Express (Cayman) Inc. (ZTO) Earnings History
Annual and quarterly earnings data from 2014 to 2024
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ZTO EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
ZTO Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 31.0% | 26.6% | 19.9% |
| 2023 | 30.4% | 26.0% | 22.8% |
| 2022 | 25.6% | 21.9% | 19.2% |
| 2021 | 21.7% | 18.1% | 15.6% |
| 2020 | 23.1% | 18.9% | 17.1% |
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ZTO Express (Cayman) Inc. (ZTO) Earnings Overview
As of May 8, 2026, ZTO Express (Cayman) Inc. (ZTO) reported trailing twelve-month net income of $8.71B, reflecting +0.9% year-over-year growth. The company earned $10.47 per diluted share over the past four quarters, with a net profit margin of 19.9%.
Looking at the long-term picture, ZTO's 5-year EPS compound annual growth rate (CAGR) stands at +8.2%, showing solid earnings momentum. The company achieved its highest annual net income of $8.82B in fiscal 2024, representing a new all-time high.
ZTO Express (Cayman) Inc. maintains industry-leading profitability with a gross margin of 31.0%, operating margin of 26.6%, and net margin of 19.9%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including GXO ($128M net income, 0.2% margin), XPO ($348M net income, 3.9% margin), UPS ($5.25B net income, 6.3% margin), ZTO has outperformed on profitability metrics. Compare ZTO vs GXO →
ZTO Earnings vs Peers
Earnings metrics vs comparable public companies
ZTO Historical Earnings Data (2014–2024)
11 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $8.82B | +0.8% | $11.78B | $10.70 | 19.9% | 26.6% |
| 2023 | $8.75B | +28.5% | $10.01B | $10.60 | 22.8% | 26.0% |
| 2022 | $6.81B | +43.2% | $7.74B | $8.36 | 19.2% | 21.9% |
| 2021 | $4.75B | +10.3% | $5.50B | $5.80 | 15.6% | 18.1% |
| 2020 | $4.31B | -24.0% | $4.75B | $5.42 | 17.1% | 18.9% |
| 2019 | $5.67B | +29.5% | $5.46B | $7.23 | 25.7% | 24.7% |
| 2018 | $4.38B | +38.7% | $4.33B | $5.82 | 24.9% | 24.6% |
| 2017 | $3.16B | +53.8% | $3.75B | $4.40 | 24.2% | 28.7% |
| 2016 | $2.05B | +54.2% | $2.77B | $2.91 | 21.0% | 28.3% |
| 2015 | $1.33B | +227.7% | $1.53B | $1.65 | 21.9% | 25.1% |
Full ZTO Stock Analysis
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Start ComparisonZTO — Frequently Asked Questions
Quick answers to the most common questions about buying ZTO stock.
Is ZTO growing earnings?
ZTO EPS of $10.47 reflects slowing growth at +0.9%, below the 5-year CAGR of +8.2%. TTM net income is $8.7B. Expansion rate has moderated.
What are ZTO's profit margins?
ZTO Express (Cayman) Inc. net margin is +19.9%, with operating margin at +26.6%. Above-average margins indicate pricing power.
How consistent are ZTO's earnings?
ZTO earnings data spans 2014-2024. The current earnings trend is +0.9% YoY. Historical data enables comparison across business cycles.