ZTO Express Reports Q2 Miss on Revenue and Earnings, Updates FY Outlook

ZTO Express has reported Q2 GAAP EPS of $0.35, missing estimates by $0.05. Revenue was $1.65B, a 10.3% YoY increase, but missed expectations by $10M. Adjusted EBITDA decreased 18.5% to $493.5M. The company has updated its FY outlook, but the details of the revised estimates are not provided.

ZTO Express (Cayman) Inc. (ZTO) has reported its Q2 2025 financial results, with GAAP EPS of $0.35, missing analysts' estimates by $0.05. Revenue for the quarter reached $1.65 billion, a 10.3% year-over-year (YoY) increase, but fell short of expectations by $10 million. Adjusted EBITDA decreased by 18.5% to $493.5 million [4].

Despite a 16.5% increase in parcel volume to 9.8 billion, ZTO's net income fell by 24.8% to $1.96 billion. The company's revenue grew by 10.3% to $11.83 billion, driven by a significant rise in parcel volume. However, the company's net income fell by 26.8% to $2.1 billion, and adjusted net income decreased by 18.7% compared to the previous year [2].

ZTO Express has revised its annual parcel volume guidance to reflect a growth rate of 14.0% to 18.0%. The company cited economic, competition, and policy conditions for the adjustment. The management remains focused on cost reduction and service enhancement to maintain its competitive edge in the express delivery market [3].

Analysts remain optimistic about ZTO's prospects, with the average analyst rating on the shares being "buy." The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is also "buy." Wall Street's median 12-month price target for ZTO Express is $24.00, about 17.8% above its last closing price of $19.74 [1, 2].

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3UB1BJ:0-zto-express-cayman-inc-reports-results-for-the-quarter-ended-june-30-earnings-summary/
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_PLX329688:0-chinese-courier-firm-zto-express-q2-revenue-rises/
[3] https://www.tipranks.com/news/company-announcements/zto-express-reports-q2-2025-financial-results
[4] https://seekingalpha.com/news/4487257-zto-express-misses-top-line-and-bottom-line-estimates-updates-fy-outlook