ZTO (ZTO Express (Cayman)) Pre-Tax Income: $1,729 Mil (TTM As of Jun. 2026)

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ZTO ZTO Express (Cayman) Inc ZTO
90 GF Score
Price $20.95
GF Value $28.03
Valuation Modestly Undervalued
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What is ZTO Express (Cayman) Pre-Tax Income?

ZTO Express (Cayman) ZTO +0.19% 90 Pre-Tax Income is $1,729 Mil as of Jun. 2026. GuruFocus rates ZTO with a GF Score™ of 90/100 and a GF Value™ of $28.03 (Modestly Undervalued).

Pretax income is the income that a company earns before paying income taxes. ZTO Express (Cayman)'s pretax income for the three months ended in Jun. 2026 was $495 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jun. 2026 was $1,729 Mil. ZTO Express (Cayman)'s pretax margin was 23.07%.

During the past 12 years, ZTO Express (Cayman)'s highest Pretax Margin was 30.56%. The lowest was 18.88%. And the median was 27.10%.


ZTO Express (Cayman)  (NYSE:ZTO) Pre-Tax Income Explanation

ZTO Express (Cayman)'s Pretax Margin for the quarter that ended in Jun. 2026 is calculated as

Pretax Margin=Pretax Income/Revenue
=495.367/2147.332
=23.07%

During the past 12 years, ZTO Express (Cayman)'s highest Pretax Margin was 30.56%. The lowest was 18.88%. And the median was 27.10%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


ZTO Express (Cayman) Pre-Tax Income Related Terms


ZTO Express (Cayman) Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for ZTO Express (Cayman)'s Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ZTO Express (Cayman) Pre-Tax Income Chart

ZTO Express (Cayman) Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 901.07 1,188.58 1,496.98 1,603.63 1,569.39

ZTO Express (Cayman) Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 350.03 376.64 467.05 389.94 495.37

ZTO vs CHRW, FDXF, JBHT: Pre-Tax Income Comparison

For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'s Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ZTO Express (Cayman) Pre-Tax Income vs Transportation Industry

For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where ZTO Express (Cayman)'s Pre-Tax Income falls into.


ZTO
90GF Score
ZTO Express (Cayman) Inc ZTO
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
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ZTO Express (Cayman) Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

ZTO Express (Cayman)'s Pretax Income for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=1487.23+11.384+-35.298+106.07+0.00099999999997635
=1,569

ZTO Express (Cayman)'s Pretax Income for the quarter that ended in Jun. 2026 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=483.974+-1.163+-10.423+22.98+-0.00099999999997635
=495

Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,729 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of $1,729 Mil mean?
ZTO Express (Cayman) (ZTO) has a Pre-Tax Income of $1,729 Mil as of Jun. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on ZTO Express (Cayman) and its competitors.
Is ZTO Express (Cayman)'s Pre-Tax Income too high?
ZTO Express (Cayman)'s current Pre-Tax Income is $1,729 Mil. Overall, ZTO Express (Cayman) has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ZTO Express (Cayman)'s Pre-Tax Income compare to CHRW and FDXF?
ZTO Express (Cayman)'s Pre-Tax Income of $1,729 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for a Transportation company?
A good Pre-Tax Income depends on the Transportation industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on ZTO Express (Cayman) and its competitors. ZTO Express (Cayman)'s current Pre-Tax Income is $1,729 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZTO Express (Cayman) stock overvalued right now?
Based on GuruFocus' analysis, ZTO Express (Cayman) (ZTO) is currently considered Modestly Undervalued. The stock's GF Value™ is $28.03, compared to a current price of $20.95 — trading 25.3% below its estimated fair value. The current Pre-Tax Income is $1,729 Mil. ZTO Express (Cayman)'s overall GF Score™ is 90/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For ZTO Express (Cayman) (ZTO), the current Pre-Tax Income is $1,729 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ZTO Express (Cayman) (ZTO) Overvalued in 2026?

Based on GuruFocus' analysis, ZTO Express (Cayman) stock appears to be undervalued. The current stock price of $20.95 is trading 25.3% below its estimated GF Value™ of $28.03. GuruFocus considers ZTO Express (Cayman) to be Modestly Undervalued.

Key valuation signals for ZTO:

  • Pre-Tax Income: $1,729 Mil
  • GF Value™: $28.03 vs. price of $20.95 (25.3% below fair value)
  • GF Score™: 90/100

No single metric tells the full story. See the ZTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ZTO Express (Cayman) Business Description

Address No. 1685 Huazhi Road, Building One, Qingpu District, Shanghai, CHN, 201708
ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 19.4% in 2024. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains chair, CEO, and its major shareholder with 78% voting rights as of March 31, 2025. ZTO's strategic shareholder is leading China e-commerce company Alibaba Group with around an 8.9% interest.
90GF Score

Get the complete analysis for ZTO

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$20.95
Price
$28.03
GF Value