ZTO Express (cayman) Inc. income statement

In fiscal 2025, ZTO Express (cayman) Inc. reported revenue of $6.83bn, up 11.0% on the year before, operating income of $1.46bn (a 21.3% margin) and net income of $1.26bn, or $1.56 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

ZTO Express (cayman) Inc.: income statement, annual
Fiscal year	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	634	969	1,475	1,934	2,668	3,202	3,655	4,714	5,268	5,429	6,154	6,832
Cost of revenue	450	637	956	1,290	1,855	2,243	2,809	3,692	3,922	3,781	4,248	5,124
Gross profit	184	332	519	643	813	959	846	1,022	1,346	1,648	1,906	1,708
Selling, general and administrative	87	94	106	116	183	224	241	291	309	343	374	367
Operating income	97	243	417	555	657	791	689	853	1,152	1,414	1,637	1,458
Interest expense	0	3	2	2	0	—	5	20	28	41	47	35
Provision for credit losses	—	—	—	—	1	3	3	3	5	7	5	7
Income before tax	98	279	425	566	809	979	730	890	1,234	1,511	1,623	1,538
Income tax	33	67	110	96	141	156	100	156	243	274	395	265
Net income	66	212	309	468	664	822	625	737	1,014	1,236	1,225	1,264
Diluted EPS	$0.11	$0.34	$0.44	$0.65	$0.88	$1.05	$0.79	$0.90	$1.24	$1.50	$1.49	$1.56
Diluted shares (average)	598m	599m	635m	718m	753m	784m	796m	820m	820m	839m	838m	821m
EBITDA	108	269	466	638	786	974	956	1,198	1,550	1,821	2,057	1,928

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from ZTO Express (cayman) Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to ZTO Express (cayman) Inc.