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ZTO Express (ZTO) Revenue & Revenue Breakdown

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ZTO Express Revenue Highlights

Latest Revenue (Y)

$38.42B

Latest Revenue (Q)

$9.96B

Main Segment (Y)

Express delivery services

ZTO Express Revenue by Period

ZTO Express Revenue by Year

DateRevenueChange
2023-12-31$38.42B8.60%
2022-12-31$35.38B16.35%
2021-12-31$30.41B20.59%
2020-12-31$25.21B14.04%
2019-12-31$22.11B25.59%
2018-12-31$17.60B34.80%
2017-12-31$13.06B33.42%
2016-12-31$9.79B60.83%
2015-12-31$6.09B55.92%
2014-12-31$3.90B-

ZTO Express generated $38.42B in revenue during NA 2023, up 8.60% compared to the previous quarter, and up 218.23% compared to the same period a year ago.

ZTO Express Revenue by Quarter

DateRevenueChange
2024-03-31$9.96B-6.21%
2023-12-31$10.62B17.01%
2023-09-30$9.08B-6.82%
2023-06-30$9.74B8.43%
2023-03-31$8.98B-9.00%
2022-12-31$9.87B10.36%
2022-09-30$8.94B3.33%
2022-06-30$8.66B9.52%
2022-03-31$7.90B-14.25%
2021-12-31$9.22B24.72%
2021-09-30$7.39B0.90%
2021-06-30$7.33B13.17%
2021-03-31$6.47B-21.61%
2020-12-31$8.26B24.38%
2020-09-30$6.64B3.69%
2020-06-30$6.40B63.50%
2020-03-31$3.92B-42.80%
2019-12-31$6.85B30.02%
2019-09-30$5.27B-2.91%
2019-06-30$5.42B18.57%
2019-03-31$4.57B-18.72%
2018-12-31$5.63B32.89%
2018-09-30$4.23B0.87%
2018-06-30$4.20B18.44%
2018-03-31$3.54B-18.16%
2017-12-31$4.33B37.79%
2017-09-30$3.14B5.78%
2017-06-30$2.97B13.65%
2017-03-31$2.61B-18.05%
2016-12-31$3.19B35.59%
2016-09-30$2.35B2.91%
2016-06-30$2.29B16.75%
2016-03-31$1.96B-10.49%
2015-12-31$2.19B54.91%
2015-09-30$1.41B-

ZTO Express generated $9.96B in revenue during Q1 2024, up -6.21% compared to the previous quarter, and up 100.90% compared to the same period a year ago.

ZTO Express Revenue Breakdown

ZTO Express Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21Dec 20
Express delivery services$40.95B$35.49B$32.58B$27.45B-
Sale of accessories$2.30B$1.88B$1.38B$1.23B-
Others$141.88M$147.43M$203.95M$194.03M$317.69M
Freight forwarding services$885.41M$906.80M$1.21B$1.53B-
Sale Of Accessories----$1.13B
Express Delivery Services----$21.90B
Freight Forwarding Service----$1.86B

ZTO Express's latest annual revenue breakdown by segment (product or service), as of Dec 24: Express delivery services (92.49%), Sale of accessories (5.20%), Freight forwarding services (2.00%), and Others (0.32%).

ZTO Express Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
ZTOZTO Express$38.42B$9.96B
CHRWC.H. Robinson Worldwide$17.72B$4.64B
EXPDExpeditors of Washington$10.60B$3.00B
LSTRLandstar System$4.82B$1.21B
HUBGHub Group$3.95B$986.89M
FWRDForward Air$2.47B$603.83M
JBHTJ.B. Hunt Transport Services-$2.92B

ZTO Revenue FAQ

What is ZTO Express’s yearly revenue?

ZTO Express's yearly revenue for 2023 was $38.42B, representing an increase of 8.60% compared to 2022. The company's yearly revenue for 2022 was $35.38B, representing an increase of 16.35% compared to 2021. ZTO's yearly revenue for 2021 was $30.41B, representing an increase of 20.59% compared to 2020.

What is ZTO Express’s quarterly revenue?

ZTO Express's quarterly revenue for Q1 2024 was $9.96B, a -6.21% decrease from the previous quarter (Q4 2023), and a 10.87% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $10.62B, a 17.01% increase from the previous quarter (Q3 2023), and a 7.58% increase year-over-year (Q4 2022). ZTO's quarterly revenue for Q3 2023 was $9.08B, a -6.82% decrease from the previous quarter (Q2 2023), and a 1.46% increase year-over-year (Q3 2022).

What is ZTO Express’s revenue growth rate?

ZTO Express's revenue growth rate for the last 3 years (2021-2023) was 26.35%, and for the last 5 years (2019-2023) was 73.76%.

What are ZTO Express’s revenue streams?

ZTO Express's revenue streams in c 24 are Express delivery services, Sale of accessories, Others, and Freight forwarding services. Express delivery services generated $40.95B in revenue, accounting 92.49% of the company's total revenue, up 15.40% year-over-year. Sale of accessories generated $2.3B in revenue, accounting 5.20% of the company's total revenue, up 22.58% year-over-year. Others generated $141.88M in revenue, accounting 0.32% of the company's total revenue, down -3.76% year-over-year. Freight forwarding services generated $885.41M in revenue, accounting 2.00% of the company's total revenue, down -2.36% year-over-year.

What is ZTO Express’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of ZTO Express was Express delivery services. This segment made a revenue of $40.95B, representing 92.49% of the company's total revenue.