Education
About Us
Working with TipRanks
Follow Us
ZTO Express (ZTO)
NYSE:ZTO
Earnings Data
Report Date
Mar 17, 2026After Close (Confirmed)
Period Ending
2025 (Q4)Consensus EPS Forecast
0.45Last Year’s EPS
0.42Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture: solid top-line growth, strong retail parcel momentum, improved cash flow and notable unit-cost gains in sorting and line-haul. However, these positives were offset by significant margin compression driven by a 21.4% increase in cost of revenue, declines in gross profit, lower operating income and pressured adjusted EBITDA, alongside near-term volume moderation and regulatory scrutiny. Management emphasized a quality-first strategic pivot, digitization and investments to address the issues, but the financials show material margin challenges in the quarter.Company Guidance
Parcel Volume Growth
Total parcel volume grew 9.8% year-over-year to approximately 9.57 billion parcels in Q3 2025, demonstrating continued scale expansion.
Retail Parcel Momentum
Retail parcel volume grew close to 50% year-over-year, supported by optimized pickup models and refined process management to boost service quality and cost efficiency.
Revenue Growth
Total revenue increased 11.1% year-over-year to CNY 11.9 billion, driven by combined volume and price improvements.
Adjusted Net Income Increase
Adjusted net income rose 5% year-over-year to CNY 2.51 billion.
Average Selling Price (ASP) Improvement
ASP for core express delivery increased 1.7% (CNY 0.02) with a CNY 0.18 tailwind from increased KA volume, partially offset by lower weight and higher incentives.
Transit & Sorting Cost Efficiency
Combined unit cost of transportation and sorting decreased by CNY 0.05 (7.7%), with line-haul unit costs down 11.5% to CNY 0.34 and sorting costs stable at CNY 0.25, reflecting gains from route planning, fleet optimization and automation.
Operating Cash Flow and CapEx Visibility
Operating cash flow improved 3.2% to CNY 3.2 billion for the quarter. Q3 CapEx was CNY 1.2 billion with full-year 2025 CapEx guidance of CNY 5.5–6.0 billion, showing continued investment in automation and network capability.
Strategic Focus and Regulatory Alignment
Management emphasized a quality-first strategy, last-mile capability build-out, digitization, and alignment with anti-involution regulatory guidance — positioning the company to capture higher-quality, more sustainable growth.
ZTO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ZTO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Nov 20, 2025 | $18.95 | $19.22 | +1.42% |
Aug 20, 2025 | $19.24 | $18.80 | -2.29% |
May 20, 2025 | $17.24 | $16.78 | -2.67% |
Mar 18, 2025 | $20.58 | $21.03 | +2.19% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does ZTO Express (ZTO) report earnings?
ZTO Express (ZTO) is schdueled to report earning on Mar 17, 2026, After Close (Confirmed).
What is ZTO Express (ZTO) earnings time?
ZTO Express (ZTO) earnings time is at Mar 17, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ZTO EPS forecast?
ZTO EPS forecast for the fiscal quarter 2025 (Q4) is 0.45.