What is the current annual gross margin of ZTO?

As of today, ZTO annual gross margin is 24.99%

What is 1-year change in ZTO annual gross margin?

ZTO annual gross margin is down -19.34% year-over-year

What is 3-year change in ZTO annual gross margin?

ZTO annual gross margin is down -2.19% over the past 3 years

How far is ZTO annual gross margin from its all-time high?

ZTO annual gross margin is currently -28.95% below its historical high of 35.17% set on December 31, 2016

How does ZTO annual gross margin rank versus sector peers?

ZTO annual gross margin is higher than 52.35% of companies in Industrials sector

When is ZTO next annual earnings release?

As of today, the next annual earnings release for ZTO has not been scheduled

What is the current quarterly gross margin of ZTO?

As of today, ZTO quarterly gross margin is 25.66%

What is ZTO quarterly gross margin most recent change?

ZTO quarterly gross margin was up +5.34% on June 30, 2026

What is 1-year change in ZTO quarterly gross margin?

ZTO quarterly gross margin is up +3.09% year-over-year

How far is ZTO quarterly gross margin from its all-time high?

ZTO quarterly gross margin is currently -32.62% below its historical high of 38.08% set on December 31, 2015

How does ZTO quarterly gross margin rank versus sector peers?

ZTO quarterly gross margin is higher than 48.45% of companies in Industrials sector

When is ZTO next earnings release?

The next earnings release for ZTO is on November 18, 2026

ZTO Gross Margin History & Chart Since 2014

Annual Gross Margin

24.99%5.99%-19.34%

December 31, 2025

Summary

Current Value: As of today, ZTO annual gross margin is 24.99%, down -19.34% on December 31, 2025
Historical Performance: ZTO annual gross margin is down -2.19% over the past 3 years, up +7.95% over the past 5 years
All-Time High Comparison: ZTO annual gross margin is currently -28.95% below its historical high of 35.17% set on December 31, 2016
3-Year Low Comparison: ZTO annual gross margin is at its 3-year low
Sector Comparison: ZTO annual gross margin is higher than 52.35% of companies in Industrials sector

Gross Margin Chart

beforeafter

Performance

ZTO Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	24.99%	-19.3%	-2.2%	+8.0%	-13.9%
Quarterly Gross Margin	Jun 30, 26	25.66%	+3.1%	-25.0%	+12.3%	-16.9%
Price	Sep 21, 26	$19.35	+4.0%	-20.1%	-36.9%	–
PE Ratio	Sep 21, 26	10.58	-16.8%	-37.2%	-72.5%	–
Annual Revenue	Dec 31, 25	$6.83B	+11.0%	+30.0%	+87.0%	+978.1%
Annual Gross Profit	Dec 31, 25	$1.71B	-10.4%	+27.2%	+101.9%	+828.4%
Annual Operating Margin	Dec 31, 25	19.62%	-21.2%	-0.3%	+18.6%	+28.0%
Annual Net Margin	Dec 31, 25	18.81%	-6.3%	-0.1%	+9.6%	+80.9%

Gross Margin Highs

ZTO Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	30.98%	Dec 31, 24	-19.3%
5Y	30.98%	Dec 31, 24	-19.3%
All	35.17%	Dec 31, 16	-28.9%

Gross Margin Lows

ZTO Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	24.99%	Dec 31, 25	at low
5Y	21.67%	Dec 31, 21	+15.3%
All	21.67%	Dec 31, 21	+15.3%

Gross Margin History

Year	Value	Change
2025	24.99%	-19.3%
2024	30.98%	+0.4%
2023	30.86%	+20.8%
2022	25.55%	+17.9%
2021	21.67%	-6.4%
2020	23.15%	-22.7%

Year	Value	Change
2019	29.95%	-1.7%
2018	30.47%	-8.4%
2017	33.27%	-5.4%
2016	35.17%	+2.5%
2015	34.30%	+18.2%
2014	29.03%	-

FAQ

What is the current annual gross margin of ZTO?: As of today, ZTO annual gross margin is 24.99%
What is 1-year change in ZTO annual gross margin?: ZTO annual gross margin is down -19.34% year-over-year
What is 3-year change in ZTO annual gross margin?: ZTO annual gross margin is down -2.19% over the past 3 years
How far is ZTO annual gross margin from its all-time high?: ZTO annual gross margin is currently -28.95% below its historical high of 35.17% set on December 31, 2016
How does ZTO annual gross margin rank versus sector peers?: ZTO annual gross margin is higher than 52.35% of companies in Industrials sector
When is ZTO next annual earnings release?: As of today, the next annual earnings release for ZTO has not been scheduled

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Quarterly Gross Margin

25.66%1.30%+5.34%

June 30, 2026

Summary

Current Value: As of today, ZTO quarterly gross margin is 25.66%, up +5.34% on June 30, 2026
Historical Performance: ZTO quarterly gross margin is up +3.09% year-over-year, down -24.99% over the past 3 years
All-Time High Comparison: ZTO quarterly gross margin is currently -32.62% below its historical high of 38.08% set on December 31, 2015
3-Year Low Comparison: ZTO quarterly gross margin is +5.34% above its 3-year low of 24.36% reached on March 31, 2026
Sector Comparison: ZTO quarterly gross margin is higher than 48.45% of companies in Industrials sector

Performance

ZTO Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Jun 30, 26	25.66%	+5.3%	+3.1%	-25.0%	+12.3%
Annual Gross Margin	Dec 31, 25	24.99%	–	-19.3%	-2.2%	+8.0%
Price	Sep 21, 26	$19.35	-12.1%	+4.0%	-20.1%	-36.9%
PE Ratio	Sep 21, 26	10.58	-23.1%	-16.8%	-37.2%	-72.5%
Quarterly Revenue	Jun 30, 26	$2.14B	+11.4%	+30.7%	+53.4%	+88.4%
Quarterly Gross Profit	Jun 30, 26	$548.44M	+17.4%	+34.7%	+15.1%	+111.6%
Quarterly Operating Margin	Jun 30, 26	21.83%	+19.8%	+11.3%	-24.9%	+16.2%
Quarterly Net Margin	Jun 30, 26	21.15%	+30.3%	+27.4%	-18.3%	+21.8%

Quarterly Gross Margin Highs

ZTO Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	25.66%	Jun 30, 26	at high
3Y	34.21%	N/A	-25.0%
5Y	34.21%	Jun 30, 23	-25.0%
All	38.08%	Dec 31, 15	-32.6%

Quarterly Gross Margin Lows

ZTO Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	24.36%	Mar 31, 26	+5.3%
3Y	24.36%	Mar 31, 26	+5.3%
5Y	21.17%	Mar 31, 22	+21.2%
All	16.94%	Mar 31, 21	+51.5%

Quarterly Gross Margin History

Month	Value	Change
Jun 2026	25.66%	+5.3%
Mar 2026	24.36%	-4.0%
Dec 2025	25.37%	+1.8%
Sep 2025	24.91%	+0.1%
Jun 2025	24.89%	+0.8%
Mar 2025	24.69%	-15.2%
Dec 2024	29.10%	-6.9%
Sep 2024	31.24%	-7.4%
Jun 2024	33.75%	+12.0%
Mar 2024	30.14%	+0.7%
Dec 2023	29.93%	-2.0%
Sep 2023	30.54%	-10.7%
Jun 2023	34.21%	+19.4%
Mar 2023	28.64%	+2.0%
Dec 2022	28.09%	+1.3%
Sep 2022	27.72%	+9.3%
Jun 2022	25.35%	+19.7%
Mar 2022	21.17%	-13.3%
Dec 2021	24.42%	+15.1%
Sep 2021	21.22%	-7.1%
Jun 2021	22.85%	+34.9%
Mar 2021	16.94%	-24.7%
Dec 2020	22.51%	+7.4%

Month	Value	Change
Sep 2020	20.95%	-24.2%
Jun 2020	27.63%	+32.1%
Mar 2020	20.91%	-28.3%
Dec 2019	29.15%	-3.9%
Sep 2019	30.33%	-7.0%
Jun 2019	32.61%	+18.4%
Mar 2019	27.54%	-0.0%
Dec 2018	27.55%	-12.0%
Sep 2018	31.30%	-9.8%
Jun 2018	34.71%	+19.2%
Mar 2018	29.12%	-6.8%
Dec 2017	31.25%	-13.7%
Sep 2017	36.20%	-4.3%
Jun 2017	37.82%	+35.3%
Mar 2017	27.95%	-23.2%
Dec 2016	36.39%	+0.4%
Sep 2016	36.23%	+0.1%
Jun 2016	36.20%	+17.9%
Mar 2016	30.71%	-19.4%
Dec 2015	38.08%	+22.3%
Sep 2015	31.13%	-9.4%
Jun 2015	34.35%	+11.2%
Mar 2015	30.88%	-

FAQ

What is the current quarterly gross margin of ZTO?: As of today, ZTO quarterly gross margin is 25.66%
What is ZTO quarterly gross margin most recent change?: ZTO quarterly gross margin was up +5.34% on June 30, 2026
What is 1-year change in ZTO quarterly gross margin?: ZTO quarterly gross margin is up +3.09% year-over-year
How far is ZTO quarterly gross margin from its all-time high?: ZTO quarterly gross margin is currently -32.62% below its historical high of 38.08% set on December 31, 2015
How does ZTO quarterly gross margin rank versus sector peers?: ZTO quarterly gross margin is higher than 48.45% of companies in Industrials sector
When is ZTO next earnings release?: The next earnings release for ZTO is on November 18, 2026

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

ZTO Official Website www.zto.com
ZTO Profile on Yahoo Finance finance.yahoo.com/quote/ZTO
ZTO Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/zto