ZTO ZTO (ZTO) Q2 FY26 earnings call
ZTO Express delivered strong Q2 FY26 results, driven by strategic focus on high-quality development, market share expansion, and end-to-end cost reduction through digitization. The company successfully navigated industry shifts towards rational competition and recovered profitability, while facing headwinds from rising fuel costs and anticipated social insurance contributions. Management remains committed to sustainable growth and network stability.
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ZTO operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | This call 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.