---
title: "ZTO Express (ZTO.US) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/ZTO.US/norm.md"
symbol: "ZTO.US"
name: "ZTO Express"
parent: "https://longbridge.com/en/quote/ZTO.US.md"
datetime: "2026-05-19T17:17:55.542Z"
locales:
  - [en](https://longbridge.com/en/quote/ZTO.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/ZTO.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/ZTO.US/norm.md)
---

# ZTO Express (ZTO.US) — Financial Reports

## Income Statement (USD)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.4727 | 0.4354 | 0.3305 | 0.3359 | 0.3967 |
| ROE | 16.02% | 15.66% | 12.27% | 12.83% | 15.54% |
| Revenue | 2.07B | 1.67B | 1.65B | 1.50B | 1.77B |
| Net income | 375.26M | 354.48M | 270.26M | 274.41M | 326.43M |
| Operating income | 462.46M | 337.82M | 345.10M | 331.15M | 476.25M |
| Gross margin | 25.37% | 24.91% | 24.89% | 24.69% | 29.10% |
| Net margin | 18.09% | 21.27% | 16.38% | 18.30% | 18.44% |
| Profit quality | 76.55% | 74.90% | 114.15% | 101.79% | 123.87% |

## Balance Sheet (USD)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | 13.01B | 12.72B | 13.19B | 12.82B | 12.65B |
| Leverage | 1.36 | 1.39 | 1.46 | 1.48 | 1.47 |
| BVPS | 12.00 | 11.39 | 11.19 | 10.71 | 10.65 |
| Turnover | 0.5355 | 0.5168 | 0.4988 | 0.4941 | 0.4898 |
| Cash & STI | 3.69B | 3.55B | 3.70B | 3.17B | 3.08B |
| Inv & Rec | 5.81M | 6.78M | 6.68M | 4.89M | 5.28M |
| LT assets | 5.12B | 5.03B | 4.93B | 4.83B | 4.72B |
| Net debt | -2.05B | -1.82B | -1.07B | -817.58M | -705.72M |

## Cash Flow Statement (USD)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 604.10M | 451.02M | 302.32M | 325.31M | 384.47M |
| Investing CF | -11.23M | -59.92M | -162.23M | -434.82M | 407.48M |
| Financing CF | -502.75M | -937.04M | -16.41M | -35.94M | -552.36M |
| Free CF | -562.28M | 660.14M | -467.90M | 537.83M | -774.04M |
| OCF coverage | 12.79% | - | 15.57% | - | 9.75% |
| Repaid & issued | 2.65B | - | 1.49B | - | 2.70B |
| CapEx | -745.32M | - | -407.92M | - | -713.51M |

## Distribution Plan

**Dividend Yield**: 2.84

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.39USD | 2026-04-08 | 2026-04-08 | 2026-04-29 |
| Cash Dividend: 
0.3USD | 2025-09-30 | 2025-09-30 | 2025-10-31 |
| Cash Dividend: 
0.35USD | 2025-04-10 | 2025-04-10 | 2025-04-29 |