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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. ZTO Express (Cayman)'s retained earnings for the quarter that ended in Mar. 2026 was MXN104,289 Mil.
ZTO Express (Cayman)'s quarterly retained earnings
increased
from Sep. 2025 (MXN105,976 Mil) to Dec. 2025 (MXN109,721 Mil) but then
declined
from Dec. 2025 (MXN109,721 Mil) to Mar. 2026 (MXN104,289 Mil).
ZTO Express (Cayman)'s annual retained earnings
increased
from Dec. 2023 (MXN86,298 Mil) to Dec. 2024 (MXN111,999 Mil) but then
declined
from Dec. 2024 (MXN111,999 Mil) to Dec. 2025 (MXN109,721 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
ZTO Express (Cayman) Retained Earnings Historical Data
* Premium members only.
The historical data trend for ZTO Express (Cayman)'s Retained Earnings 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.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of MXN104,289 Mil mean?
ZTO Express (Cayman) (MEX:ZTO N) has a Retained Earnings of MXN104,289 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on ZTO Express (Cayman) and its competitors.
Is ZTO Express (Cayman)'s Retained Earnings too high?
ZTO Express (Cayman)'s current Retained Earnings is MXN104,289 Mil. Overall, ZTO Express (Cayman) has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.
How does ZTO Express (Cayman)'s Retained Earnings compare to EXPD and CHRW?
ZTO Express (Cayman)'s Retained Earnings of MXN104,289 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 Retained Earnings for a Transportation company?
A good Retained Earnings depends on the Transportation industry context. However, Retained Earnings 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 Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on ZTO Express (Cayman) and its competitors. ZTO Express (Cayman)'s current Retained Earnings is MXN104,289 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?
ZTO Express (Cayman) (MEX:ZTO N) has a current Retained Earnings of MXN104,289 Mil. The stock's GF Value™ is MXN506.81, compared to a current price of MXN426.00 — trading 15.9% below its estimated fair value. The current Retained Earnings is MXN104,289 Mil. ZTO Express (Cayman)'s overall GF Score™ is 93/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For ZTO Express (Cayman) (MEX:ZTO N), the current Retained Earnings is MXN104,289 Mil as of Mar. 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) (MEX:ZTO N) Overvalued in 2026?
Based on GuruFocus' analysis, ZTO Express (Cayman) stock appears to be undervalued.
The current stock price of MXN426.00 is trading 15.9% below its estimated GF Value™ of MXN506.81.
Key valuation signals for MEX:ZTO N:
Retained Earnings: MXN104,289 Mil
GF Value™: MXN506.81 vs. price of MXN426.00 (15.9% below fair value)
No single metric tells the full story. See the MEX:ZTO N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
93GF Score
Get the complete analysis for MEX:ZTO N
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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