)
Visual
test
ZTO Express (Cayman)
ZTO Express (Cayman) (ZTO) investor relations material
ZTO Express (Cayman) Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary20 Nov, 2025
Executive summary
Parcel volume grew 9.8% year-over-year to 9.6 billion in Q3 2025, maintaining industry-leading service quality and operational efficiency, with retail parcel volume surging nearly 50%.
Achieved #1 market share in China's express delivery industry at 19.4%, with consistent leadership in profitability and customer satisfaction since 2014.
Adjusted net income increased 5% to RMB 2.5 billion, with total revenue up 11.1% to RMB 11.9 billion.
Strong focus on operational efficiency, technology-driven cost reductions, and ESG initiatives.
The company is prioritizing high-quality growth, digitalization, and last-mile capability, responding to regulatory focus on orderly competition and service quality.
Financial highlights
Adjusted net income rose 5% year-over-year to RMB 2.5 billion, with total revenue up 11.1% to RMB 11.9 billion.
Gross profit decreased 11.4% to RMB 3 billion, with gross margin dropping to 24.9%.
Operating cash flow was RMB 3.2 billion, up 3.2% year-over-year.
Adjusted EBITDA decreased 4.2% to RMB 3.6 billion.
Basic and diluted EPS were RMB 3.16 and RMB 3.10, up 6.0% and 6.9% year-over-year, respectively.
Outlook and guidance
Annual parcel volume guidance for 2025 adjusted to 38.2–38.7 billion, representing 12.3%–13.8% year-over-year growth.
Industry volume growth expected to stabilize around 10% in 2026, with a shift from volume to quality-focused competition.
Company will continue investing in automation, digitalization, and last-mile capabilities.
Management remains confident in executing strategy amid evolving macro and industry conditions.
Plans to expand last-mile presence, invest in logistics ecosystem, and further green initiatives.
Outlook for anti-involution policy's pricing impact
ZTO's strategy to maintain cost leadership in 2026
Drivers of industry volume slowdown and next year's outlook
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- BLACKBUCK
Q3 FY26 delivered 53% YoY revenue growth and a return to profit, led by core and new segments. - KKR
Record earnings, AUM growth, and new sports investing platform drive strong 2025 results. - RENUKA
Losses persist and net worth remains negative, but holding company support sustains operations. - GFF
Revenue up 3% year-over-year; strategic JV and 2026 guidance reaffirmed. - POWERINDIA
Q3 FY26 delivered 29.6% revenue growth, 90.3% PAT jump, and a record order backlog. - IMKTA
Strong sales and profit growth, improved margins, and lower debt highlight the quarter. - AGCO
2025 sales fell 13.5%, but margins and cash flow hit records; 2026 outlook is stable. - LHB
Net profit reached SEK 502m, with strong lending growth and robust capital ratios. - ASTRAL
Q3 FY26 delivered 17% volume growth, 18.2% EBITDA margin, and strong multi-segment expansion. - 531768
Q3 FY26 revenue and profit rose strongly YoY, supported by global expansion and steady margins.
Next ZTO Express (Cayman) earnings date
Q4 202520 Mar, 2026
ZTO Express (Cayman)
Next ZTO Express (Cayman) earnings date
Q4 202520 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
ZTO Express Inc. is a provider of express delivery and logistics services in China. The company operates an extensive network that primarily offers parcel sorting and line-haul transportation services. ZTO caters to a broad customer base, including e-commerce platforms, traditional merchants, and other express service users, facilitating the delivery of goods to end consumers. In addition to its core express delivery services, ZTO provides various value-added logistics solutions, both within China and in select international markets. The company is headquartered in Shanghai, China, and its shares are traded on the New York Stock Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage