ZTO Express (Cayman) Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.02B | $6.07B | $5.41B | $5.13B | $4.77B | $3.86B | $3.18B | $2.56B |
| Cost of Revenue | $5.27B | $4.19B | $3.77B | $3.82B | $3.74B | $2.97B | $2.22B | $1.78B |
| Gross Profit | $1.75B | $1.88B | $1.64B | $1.31B | $1.03B | $894.6M | $951.1M | $780.3M |
| Gross Margin | 25.0% | 31.0% | 30.4% | 25.6% | 21.7% | 23.2% | 29.9% | 30.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $377.2M | $368.5M | $341.6M | $301.2M | $294.4M | $255.0M | $222.1M | $176.1M |
| Operating Income | $1.50B | $1.61B | $1.41B | $1.12B | $863.5M | $728.6M | $784.7M | $630.1M |
| Operating Margin | 21.3% | 26.6% | 26.0% | 21.9% | 18.1% | 18.9% | 24.7% | 24.6% |
| Interest Expense | — | — | $40.8M | $27.6M | $19.9M | $5.4M | — | $113.0K |
| Pretax Income | $1.58B | $1.60B | $1.51B | $1.20B | $900.6M | $771.6M | $970.6M | $776.2M |
| Income Tax Expense | $272.4M | $389.8M | $273.0M | $236.8M | $157.8M | $105.7M | $154.9M | $135.1M |
| Net Income | $1.30B | $1.21B | $1.23B | $987.2M | $746.1M | $660.9M | $815.0M | $637.5M |
| Net Margin | 18.5% | 19.9% | 22.8% | 19.2% | 15.6% | 17.1% | 25.7% | 24.9% |
| EPS (Basic) | $1.63 | $1.50 | $1.53 | $1.22 | $0.91 | $0.83 | $1.04 | $0.85 |
| EPS (Diluted) | $1.60 | $1.47 | $1.49 | $1.21 | $0.91 | $0.83 | $1.04 | $0.85 |
| Shares Outstanding (Basic) | 797.6M | 804.9M | 807.7M | 809.4M | 820.0M | 796.1M | 784.0M | 751.8M |
| Shares Outstanding (Diluted) | 820.8M | 838.4M | 838.9M | 820.3M | 820.0M | 796.1M | 784.3M | 752.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |