ZTO Express (Cayman) annual operating expenses
2016
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2019
2020
2021
2022
2023
2024
2025
ZTO Express (Cayman) Operating Expenses Growth & History (ZTO)
ZTO Express (Cayman)'s operating expenses was $256.9M for fiscal 2025.
View full ZTO Express (Cayman) company overviewZTO Express (Cayman) annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $256.9M | −$8.9M | −3.35% |
| 2024 | 2024-12-31 | $265.8M | $32.8M | +14.06% |
| 2023 | 2023-12-31 | $233.0M | $44.2M | +23.38% |
| 2022 | 2022-12-31 | $188.9M | $18.4M | +10.80% |
| 2021 | 2021-12-31 | $170.5M | $4.5M | +2.73% |
| 2020 | 2020-12-31 | $165.9M | −$448,000 | −0.27% |
| 2019 | 2019-12-31 | $166.4M | $16.2M | +10.78% |
| 2018 | 2018-12-31 | $150.2M | $58.4M | +63.65% |
| 2017 | 2017-12-31 | $91.8M | −$5.3M | −5.44% |
| 2016 | 2016-12-31 | $97.1M | — | — |
ZTO Express (Cayman) operating expenses trends
Over the last five fiscal years, ZTO Express (Cayman)'s operating expenses increased from $165.9M to $256.9M, a change of $91.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review ZTO Express (Cayman) source filings ↗