ZTO ZTO Express (ZTO) Q1 FY26 earnings call
ZTO Express delivered strong Q1 FY26 results, driven by robust parcel volume growth and market share expansion, alongside significant improvements in operating efficiency and unit cost reduction in transportation and sorting. The company continues to align with anti-involution policies, focusing on high-quality development and leveraging AI for operational enhancements. Management remains committed to maintaining a healthy industry ecosystem and delivering consistent shareholder returns.
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ZTO operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Parcel volume | — | 9.67BParcel volume reached 9.67 billion, up 13.2% year-over-year, significantly outpacing industry growth with market share expanding by 1.2 percentage points, further solidifying our leadership position.Source: earnings call transcript | 10.49BParcel volume reached 10.49 billion, up 6.5% year-over-year with market share expanding by 0.4 percentage points, entrenching our industry leadership position.Source: earnings call transcript | +8.5% |
| Daily retail volume | <10MIn the fourth quarter, daily retail volume reached close to 10 million parcels.Source: earnings call transcript | ~9.7MIn Q1, average daily retail parcel volume reached approximately 9.7 million, which indicates a meaningful growth rate.Source: earnings call transcript | 11.7M+In the second quarter, average daily retail parcel volume exceeded 11.7 million, of which return parcels averaged approximately 9.8 million each day, increased approximately 80% year-over-year.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.