ZTO Express (Cayman) Inc. (ZTO) Gross margin 2016–2025
ZTO Express (Cayman) Inc. (ZTO) gross margin by fiscal year — reported gross profit divided by reported revenue.
25.0%FY2025 · since FY2016: 35.2% → 25.0%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 25.0% | -6.0 pp |
| FY2024 | 31.0% | +0.6 pp |
| FY2023 | 30.4% | +4.8 pp |
| FY2022 | 25.6% | +3.9 pp |
| FY2021 | 21.7% | -1.5 pp |
| FY2020 | 23.2% | -6.8 pp |
| FY2019 | 29.9% | -0.5 pp |
| FY2018 | 30.5% | -2.8 pp |
| FY2017 | 33.3% | -1.9 pp |
| FY2016 | 35.2% | — |
Gross margin = reported gross profit ÷ reported revenue for the same fiscal year.
Source: SEC XBRL filings · For reference only · Not investment advice