Cost of revenue · 2016–2025
ZTO Express (Cayman) cost of revenue
$5.3B+25.8% · FY2025
ZTO Express (Cayman) (ZTO) reported $5.3B in cost of revenue for fiscal 2025, +25.8% year on year.
| Fiscal year | Cost of revenue | Change | Filing |
|---|---|---|---|
| FY20252025-12-31 | $5.3B | +25.8% | Open → |
| FY20242024-12-31 | $4.2B | +11.1% | Open → |
| FY20232023-12-31 | $3.8B | −1.3% | Open → |
| FY20222022-12-31 | $3.8B | +2.2% | Open → |
| FY20212021-12-31 | $3.7B | +25.8% | Open → |
| FY20202020-12-31 | $3.0B | +33.5% | Open → |
| FY20192019-12-31 | $2.2B | +25.0% | Open → |
| FY20182018-12-31 | $1.8B | +32.9% | Open → |
| FY20172017-12-31 | $1.3B | +46.5% | Open → |
| FY20162016-12-31 | $914M | — | Open → |
Cost of revenue — Cost of revenue is the direct cost of producing what the company sold — materials, manufacturing and the labour tied to delivery. It excludes sales, marketing and administration. Revenue minus this figure is gross profit.
Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2016–2025 compound annual growth +21.5%
Cost of revenue at companies of similar size
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Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=ZTO Express (Cayman) cost of revenue |url=https://companiesranked.com/en/company/zto-express-cayman/cost-of-revenue |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). ZTO Express (Cayman) cost of revenue. CompaniesRanked. https://companiesranked.com/en/company/zto-express-cayman/cost-of-revenueBibTeX
@misc{companiesranked-en-company-zto-express-cayman-cost-of-revenue-2026,
author = {{CompaniesRanked}},
title = {{ZTO Express (Cayman) cost of revenue}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/zto-express-cayman/cost-of-revenue}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 20-F · 0001104659-26-044613 · April 17, 2026
{{cite web |title=ZTO Express (Cayman) cost of revenue — 20-F (0001104659-26-044613) |url=https://www.sec.gov/Archives/edgar/data/1677250/000110465926044613/zto-20251231x20f.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-04-17}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.