ZTO Express Reports Q3 2025 Parcel Volume Growth, Adjusted Net Income Rise

Thursday, Nov 20, 2025 3:11 am ET1min read

ZTO Express reported a 9.8% increase in parcel volume for Q3 2025, totaling 9.57 billion parcels, and a 5% YoY rise in adjusted net income to CNY 2.51 billion. The company revised its annual parcel volume guidance to 38.2 billion to 38.7 billion parcels, indicating a YoY growth of 12.3% to 13.8%. ZTO Express has demonstrated consistent revenue growth and robust margins, but there are concerns about efficiency challenges and potential overvaluation.

ZTO Express Reports Q3 2025 Parcel Volume Growth, Adjusted Net Income Rise

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