ZTO Express/$ZTO
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About ZTO Express
ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 20.1% in 2026. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains chair, CEO, and a major shareholder with 78.7% voting rights as of March 31, 2026. ZTO's strategic shareholder is leading China e-commerce company Alibaba Group with around a 9.3% interest.
- Ticker
- $ZTO
- Sector
- Mobility
- Primary listing
- NYSE
- Employees
- 23,888
- Headquarters
- Shanghai, China
- Website
- www.zto.com
ZTO Express Metrics
BasicAdvanced
$15B
10.31
$1.93
-0.19
$0.67
3.82%
Price and volume
Market cap
$15B
Beta
-0.19
52-week high
$26.20
52-week low
$18.18
Average daily volume
2.7M
Dividend rate
$0.67
Financial strength
Current ratio
1.672
Quick ratio
1.38
Long term debt to equity
0.162
Total debt to equity
0.346
Dividend payout ratio (TTM)
36.57%
Interest coverage (TTM)
56.36%
Profitability
EBITDA (TTM)
2,243.378
Gross margin (TTM)
25.10%
Net profit margin (TTM)
19.03%
Operating margin (TTM)
21.06%
Effective tax rate (TTM)
13.32%
Revenue per employee (TTM)
$340,770
Management effectiveness
Return on assets (TTM)
7.38%
Return on equity (TTM)
16.28%
Valuation
Price to earnings (TTM)
10.309
Price to revenue (TTM)
1.914
Price to book
0.24
Price to tangible book (TTM)
0.29
Price to free cash flow (TTM)
11.491
Free cash flow yield (TTM)
8.70%
Free cash flow per share (TTM)
1.73
Dividend yield (TTM)
3.37%
Forward dividend yield
3.82%
Growth
Revenue change (TTM)
17.03%
Earnings per share change (TTM)
21.14%
3-year revenue growth (CAGR)
13.03%
10-year revenue growth (CAGR)
21.32%
3-year earnings per share growth (CAGR)
8.40%
10-year earnings per share growth (CAGR)
17.74%
What the Analysts think about ZTO Express
Analyst ratings (Buy, Hold, Sell) for ZTO Express stock.
Analyst projections of the future price of ZTO Express stock.
Bulls say / Bears say
ZTO grew parcel volume 6.5% in Q2, faster than the 4.2% industry rate, and lifted its market share to 19.9%. That points to continued gains from its leading network. (ZTO Express)
Q2 revenue rose 23% and adjusted net income climbed 50.3%, while operating cash flow more than doubled to RMB4.6 billion. The strong earnings and cash generation provide a solid base for investment and shareholder returns. (ZTO Express)
Higher-value key-account business, including returns, is improving the revenue mix: core express average revenue per parcel increased 15.5% in Q2, while key-account revenue rose 63.6%. This could make profits less dependent on low-priced standard e-commerce parcels. (ZTO Express)
ZTO cut its 2026 parcel-volume growth outlook to 6%–10%, citing slower industry growth and changing market conditions. That signals a weaker near-term growth runway than its earlier guidance implied. (ZTO Express)
Management warned that high oil prices could add to transport costs in the second half, while expanded social-insurance requirements for couriers may raise costs over time. If ZTO cannot offset those pressures with efficiency gains or better pricing, margins could come under strain. (Investing.com)
A RMB344.3 million tax refund helped lift adjusted Q2 net income, so the 50.3% increase overstates the growth from underlying operations alone. Profit growth may look less striking once that benefit is excluded. (StockAnalysis)
Data summarised monthly by Lightyear AI. Last updated on 18 Oct 2026.
ZTO Express Financial Performance
Revenues and expenses
ZTO Express Earnings Performance
Company profitability
Upcoming events
No upcoming events
ZTO Express News
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Funds containing ZTO Express
Fund name | Fund size | $ZTO weighting |
|---|---|---|
SPDR MSCI EM Asia$EMAD | $1.6B | 0.09% |
SPDR MSCI EM Asia€SPYA | $1.6B | 0.09% |
HSBC MSCI Emerging Markets Islamic Screened Capped$HIEM | $182M | 0.09% |
HSBC MSCI Emerging Markets Islamic Screened Capped£HIES | $182M | 0.09% |
SPDR MSCI Emerging Markets$EMRD | $2.3B | 0.08% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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