ZTO Express (Cayman) Inc. (ZTO) SEC Filings & Earnings Calls
EquiReason read 70 ZTO Express (Cayman) Inc. SEC filings in the last 12 months. Latest: 6-K on 2026-10-20 — ZTO Express filed a Next Day Disclosure Return detailing multiple share repurchases of ADSs from August to September 2026, with prices ranging from USD 20.66 to 23.00, but no new a.
Source: SEC EDGAR filings · read by EquiReason
ZTOZTO Express (Cayman) Inc.Follow ZTO — free
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- Market cap
- 15.8B
- P/E TTM
- —
- Dividend yield
- 3.4%
- 52-week
- —
- Next earnings
- 17 Nov, in 24 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
20 Oct 20266-KZTO Express filed a Next Day Disclosure Return detailing multiple share repurchases of ADSs from August to September 2026, with prices ranging from USD 20.66 to 23.00, but no new authorization or change in total issued shares.open
Risks flagged
No new risks identified; routine disclosure of share repurchases.
16 Oct 20266-KAnnouncement of board meeting to approve Q3 2026 unaudited financial results; no financial data disclosed.earningsSEC ↗
13 Oct 20266-KZTO Express reports multiple daily share repurchases of ADSs (Class A ordinary shares) from August 12 to September 11, 2026, under an existing buyback program, disclosed via Hong Kong Next Day Disclosure Returns.open
Risks flagged
No new risks identified; routine buyback disclosure.
5 Oct 20266-KZTO Express reports multiple ADS repurchases from Aug 12 to Sep 10, 2026, totaling over 6.5M ADS at prices $20.73-$23.00, disclosed via Hong Kong Next Day Disclosure Returns.open
Risks flagged
No new risks identified; filing is a routine disclosure of share repurchases.
28 Sep 20266-KZTO Express repurchased shares on multiple dates in Aug-Sep 2026; ongoing buyback program disclosed via Next Day Disclosure Returns.open
Figures in the filing · each found in the filing text
| ads_repurchased · 2026-08-12 | 73,128 |
22 Sep 2026SC 13D/AAlibaba Group sold ~25M ADSs of ZTO Express, reducing its stake to 6.1%, signaling potential strategic de-emphasis.SEC ↗
21 Sep 20266-KZTO Express reports share repurchases of ADSs from August 12 to September 11, 2026, totaling multiple transactions at prices between USD 20.73 and 23.00. Repurchases are part of ongoing buyback program.SEC ↗
14 Sep 20266-KZTO Express reports ongoing share repurchases of ADSs over multiple days in August-September 2026, with prices ranging from USD 20.66 to 22.98 per ADS, under a previously authorized buyback program.open
Figures in the filing · each found in the filing text
| ADSs repurchased · 2026-09-10 | 455,123 |
11 Sep 20266-KZTO Express files 6-K to submit its 2026 Interim Report; no material event disclosed beyond routine interim report filing.SEC ↗
8 Sep 20266-KZTO Express repurchased 4,633,737 ADSs (Class A ordinary shares) between Aug 12 and Sep 4, 2026 at prices ranging from $20.78 to $23.00 per ADS, disclosed via Hong Kong Next Day Disclosure Returns.open
Figures in the filing · each found in the filing text
| ADSs Repurchased · 2026-08-12 to 20 | 4,633,737 | |
| Repurchase Price Range · 2026-08-12 to 20 | $23.00 |
Risks flagged
No material risk signals; repurchase activity is routine and disclosed per HK listing rules.
31 Aug 20266-KZTO Express reports daily share repurchases of ADSs in August 2026 under existing buyback program; no new authorization or material change disclosed.open
Risks flagged
No material risk signals; routine buyback disclosure.
24 Aug 20266-KZTO Express reports multiple daily ADS repurchases from August 12-21, 2026, totaling 1,426,590 ADS at prices between $21.32 and $23.00, disclosed via Hong Kong Exchange Next Day Disclosure Returns.open
Risks flagged
No material risk signals; routine buyback disclosure
“Filing is a standard Hong Kong Exchange Next Day Disclosure Return for share repurchases”
19 Aug 20266-KZTO Express reports Q2 2026 unaudited results: revenue +22.5% YoY, net income +30.7% YoY, parcel volume growth 9.6%, unit price +12.0%. Guidance revised down: FY2026 parcel volume 40.8-42.4B (6-10% YoY growth), citing broader industry slowdearningsopen
Figures in the filing · each found in the filing text
| Revenues · H1-2026 | $27.83B | +22% y/y |
| Net income attributable to ordinary shareholders · H1-2026 | $5.17B | +31% y/y |
| Adjusted EBITDA · H1-2026 | $8.18B | +13% y/y |
| Adjusted basic earnings per ADS · H1-2026 | $7.01 | +32% y/y |
| Parcel volume · FY2026 | 40,800,000,000 |
Guidance
FY2026 parcel volume 40.8-42.4B (6-10% YoY growth), revised down from prior guidance
Guidance cut due to industry parcel volume growth slowdown; revenue and profit growth strong in H1 but outlook cautious.
Risks flagged
Industry parcel volume growth slowdown leading to guidance cut.
“Taking into account evolving market dynamics and the broader slowdown in industry parcel volume growth, the Company revises its previously stated annual guidance.” · word for word
Other costs increased 69.2% driven by pickup and dispatching costs, indicating potential cost pressure.
“Other costs were RMB8,390.5 million, an increase of 69.2% from RMB4,958.7 million in the same period of 2025. The increase was mainly driven by an increase of RMB3,331.7 million for pickup and dispatching costs” · word for word
17 Aug 20266-KZTO Express reports share repurchases: 73,128 ADS on Aug 12 and 218,268 ADS on Aug 13, 2026 at average prices ~$22.98 and $22.89 respectively. Shares held in treasury.SEC ↗
4 Aug 20266-KZTO Express repurchased and cancelled 6,469,787 Class A ordinary shares (ADSs) in July 2026, as disclosed in a monthly return to HKEX. This is a routine share repurchase activity under existing authorization.open
Figures in the filing · each found in the filing text
| Class A ordinary shares repurchased and cancelled · July 2026 | 6,469,787 |
29 Jul 20266-KZTO Express cancelled 6,469,787 Class A ordinary shares underlying ADS purchased on multiple dates in May-July 2026, reducing total issued shares from 563,800,693 to 557,330,906. This is a share repurchase and cancellation activity.open
Figures in the filing · each found in the filing text
| Total issued shares (Class A) · 2026-07-29 | 557,330,906 |
23 Jul 20266-KAnnouncement of board meeting to approve Q2 2026 unaudited financial results and possible dividend; no results disclosed yet.earningsSEC ↗
13 Jul 20266-KZTO Express filed a Next Day Disclosure Return detailing multiple daily ADS repurchases from May 20 to June 24, 2026, under an existing buyback program. No new authorization or change in program terms is disclosed.open
Figures in the filing · each found in the filing text
| ADS repurchased · 2026-05-20 | 131,796 | |
| ADS repurchased · 2026-05-21 | 219,629 | |
| ADS repurchased · 2026-05-22 | 218,613 | |
| ADS repurchased · 2026-05-26 | 219,544 | |
| ADS repurchased · 2026-05-27 | 222,022 | |
| ADS repurchased · 2026-05-28 | 223,871 | |
| ADS repurchased · 2026-05-29 | 225,793 | |
| ADS repurchased · 2026-06-01 | 222,613 | |
| ADS repurchased · 2026-06-02 | 220,453 | |
| ADS repurchased · 2026-06-03 | 220,095 |
Risks flagged
No new risks identified; routine buyback disclosure.
6 Jul 20266-KZTO Express reports multiple daily share repurchases of ADSs in May-June 2026 under an ongoing buyback program, disclosed via Hong Kong Next Day Disclosure Returns.open
Figures in the filing · each found in the filing text
| ADS repurchased · 2026-05-20 | 131,796 | |
| ADS repurchased · 2026-05-21 | 219,629 | |
| ADS repurchased · 2026-05-22 | 218,613 | |
| ADS repurchased · 2026-05-26 | 219,544 | |
| ADS repurchased · 2026-05-27 | 222,022 | |
| ADS repurchased · 2026-05-28 | 223,871 | |
| ADS repurchased · 2026-05-29 | 225,793 | |
| ADS repurchased · 2026-06-01 | 222,613 | |
| ADS repurchased · 2026-06-02 | 220,453 | |
| ADS repurchased · 2026-06-03 | 220,095 |
Risks flagged
No material risk signals from this filing; routine buyback disclosure.
“Filing is a standard Hong Kong Next Day Disclosure Return for share repurchases.”
29 Jun 20266-KZTO Express reports ongoing share repurchases of ADSs from May 20 to June 23, 2026, at prices between USD 21.97 and 22.93, disclosed via Hong Kong Next Day Disclosure Returns.SEC ↗
22 Jun 20266-KZTO Express announces acquisition of remaining 36.20% shares in TuXi Tech for RMB1,305.3 million (RMB2.30 per share), making it a wholly-owned subsidiary. Transaction is a connected transaction with related parties.acquisitionopen
Risks flagged
Connected transaction with related parties (executive directors and controlling shareholder); subject to conditions precedent.
“TUXI LMS, TUXI LJF and TUXI WJL are ultimately beneficially wholly owned by Mr. Meisong LAI (an executive Director and a controlling shareholder of the Company), Mr. Jianfa LAI (a substantial shareholder) and Mr. Jilei WANG (an executive Director)”
22 Jun 20266-KZTO Express reports ongoing share repurchases of ADSs from May 20 to June 17, 2026, at prices between USD 22.03 and 22.93, disclosed via Hong Kong Next Day Disclosure Returns.SEC ↗
16 Jun 20266-KAnnual general meeting poll results; all resolutions passed including re-election of directors, auditor reappointment, and share issuance/repurchase mandates. No material financial or operational impact.SEC ↗
15 Jun 20266-KZTO repurchased 3,476,710 ADSs (representing Class A ordinary shares) over multiple days in May-June 2026 at prices $22.03-$22.86 per ADS. Ongoing buyback execution under existing authorization.SEC ↗
8 Jun 20266-KZTO repurchased 2,443,908 ADSs (representing Class A ordinary shares) over multiple days in May-June 2026 at prices $22.12-$22.86 per ADS. Ongoing buyback execution under existing authorization.SEC ↗
2 Jun 20266-KMonthly return on movements in securities for May 2026; no changes in issued shares or treasury shares. Includes details of convertible notes and pending share repurchases for cancellation.SEC ↗
1 Jun 20266-KZTO Express repurchased ADSs on multiple days in May 2026, totaling 1,461,268 shares at prices between USD 22.12 and 22.86; ongoing buyback execution.SEC ↗
26 May 20266-KZTO Express repurchased ADSs on May 20-21, 2026, totaling 351,425 shares at prices USD 22.75-22.86; ongoing buyback execution.SEC ↗
20 May 20266-KZTO Q1 2026: parcel volume +13.2% YoY (7.4 pts above industry), revenue +22%, adj. net income +5.2% to RMB2.4B. Reiterates FY26 volume growth 10-13%.earningsopen
Figures in the filing · each found in the filing text
| Parcel volume · Q1-2026 | 9,668,000,000 | +13% y/y |
| Capital spending · Q1-2026 | $1.80B |
Guidance
FY26 parcel volume growth 10-13% YoY (42.37B to 43.52B parcels)
Reiterated FY26 volume growth guidance; management confident in quality-first strategy and industry tailwinds.
Risks flagged
Industry competition and pricing pressure remain; anti-involution policy may not persist.
“Volume incentives increased per unit; ASP improvement driven by mix shift may not be sustainable.”
7 May 20266-KMonthly return filing with HKEX showing no change in issued shares; routine administrative update with no material operational or financial event.SEC ↗
17 Apr 20266-KNotice of annual general meeting, including proposals for re-election of directors, share repurchase mandate, share issue mandate, and re-appointment of auditors; routine governance matters.SEC ↗
17 Apr 202620-FZTO Express filed its annual report for FY2025, showing revenue growth but gross profit decline.earningsopen
Figures in the filing · each found in the filing text
| Revenues · FY2025 | $49.10B | +11% y/y |
| Gross profit · FY2025 | $12.27B | -11% y/y |
| Net income attributable to ZTO Express (Cayman) Inc. · FY2025 | $9.08B | +3% y/y |
| Net cash provided by operating activities · FY2025 | $11.97B | +5% y/y |
| Property and equipment, net · FY2025 | $35.43B | +4% y/y |
Risks flagged
VIE structure risk
“If the PRC government finds that the agreements that establish the structure for operating our business do not comply with the PRC laws and regulations, or if these regulations or their interpretations change in the future, we could be subject to severe penalties or be forced to relinquish our interests in those operations.” · word for word
China economic slowdown
“Any adverse changes in economic conditions in China, in the policies of the Chinese government or in the laws and regulations in China could have a material adverse effect on the overall economic growth of China.” · word for word
Foreign exchange risk
“Fluctuations in exchange rates could have a material and adverse effect on our results of operations and the value of your investment.” · word for word
17 Apr 20266-KFiling of 2025 annual report and sustainability report; routine annual disclosure, no new material event.SEC ↗
8 Apr 20266-KZTO Express filed a monthly return with HKEX showing repurchase and cancellation of 25,627,476 Class A ordinary shares in March 2026, reducing issued shares from 589,428,169 to 563,800,693.SEC ↗
18 Mar 20266-KZTO Express Q4 2025 revenues up 12.3% YoY, net income up 10.1% YoY, but adjusted net income down 1.4% YoY. Full year adjusted net income down 6.3% YoY. Parcel volume up 9.2% in Q4. Announces US$0.39 per share semi-annual dividend and US$1.5earningsopen
Figures in the filing · each found in the filing text
| Parcel volume · Q4-2025 | 10,558,000,000 | +9% y/y |
Guidance
FY2026 parcel volume growth 10% to 13% YoY, representing 42.37 billion to 43.52 billion parcels
FY2026 volume guidance of 10-13% growth, consistent with FY2025 growth rate.
Risks flagged
Profitability pressure from pricing competition and cost inflation
“Gross profit down 2.1% in Q4, adjusted net income down 6.3% for FY.”
16 Mar 20266-KZTO Express cancels 18,254,400 Class A ordinary shares repurchased in connection with convertible senior notes offering, reducing issued shares by 2.32%.share dilutionSEC ↗
11 Mar 20266-KZTO Express cancels 7,373,076 Class A ordinary shares repurchased in February 2026, reducing issued shares by 0.93%.SEC ↗
4 Mar 20266-KMonthly return for equity issuer; no material event, only share capital movements and convertible note details.SEC ↗
2 Mar 20266-KNext day disclosure returns for share repurchases; no material event beyond routine buyback disclosures.SEC ↗
23 Feb 20266-KNext day disclosure returns for share repurchases; no material event beyond routine buyback disclosures.SEC ↗
17 Feb 20266-KNext day disclosure returns for share repurchases; no material event beyond routine buyback disclosures.SEC ↗
9 Feb 20266-KZTO Express disclosed a share repurchase of 18,254,400 shares at HKD 179.1 per share on Feb 4, 2026, concurrent with a convertible note offering. This is a buyback execution, not a new authorization, but the event is material and related toopen
Risks flagged
No new risk signals; the repurchase is part of a capital structure optimization.
5 Feb 20266-KZTO prices $1.5B convertible senior notes due 2031; proceeds for share repurchases, capped call premium, and general corporate purposes.open
Risks flagged
Potential dilution from conversion of notes, though capped call transactions mitigate some risk.
“Capped Call Transactions expected to reduce potential dilution”
4 Feb 20266-KZTO announces proposed $1.5B convertible senior notes offering; proceeds for share repurchases, capped call, and general purposes.open
Risks flagged
Potential dilution from conversion, though capped call transactions mitigate some risk.
“Capped Call Transactions ... expected to reduce potential dilution”
2 Feb 20266-KZTO files monthly return of share movements for January 2026; no material changes in share capital.SEC ↗
20 Jan 20266-KZTO holds 2026 National Network Conference; reviews 2025 performance (38.52B parcels, +13.3% YoY) and outlines 2026 priorities.open
Figures in the filing · each found in the filing text
| Full-year parcel volume · FY2025 | 38,520,000,000 | +13% y/y |
5 Jan 20266-KZTO files monthly return of share movements for December 2025; reports cancellation of 8,940,321 repurchased shares.SEC ↗
31 Dec 20256-KZTO Express announces resignation of independent director Tsun-Ming Daniel Kao effective Dec 31, 2025, due to other professional commitments. No disagreement with board.open
Risks flagged
Loss of independent director, but no disagreement or material impact expected.
“Mr. Kao’s resignation was not due to any disagreement with the Board or the Company.” · word for word
29 Dec 20256-KZTO Express cancels 8,940,321 Class A ordinary shares repurchased from NYSE between Sep-Nov 2025, representing 1.11% of outstanding shares. Part of ongoing buyback program.SEC ↗
4 Dec 20256-KZTO Express files monthly return with HK Exchange for November 2025, showing no change in issued shares. Routine administrative filing.SEC ↗
1 Dec 20256-KZTO Express, via ZTO Aviation, acquires 100% of Zhejiang Xinglian for RMB178M from connected party ZTO Yun Leng. Connected transaction subject to HK listing rules, exempt from shareholder approval.acquisitionopen
Risks flagged
Connected transaction may raise governance concerns, but exempt from shareholder approval.
“ZTO Yun Leng is a connected person of the Company. Therefore, the entering into of the Equity Transfer Agreement and the transaction contemplated thereunder constitutes a connected transaction” · word for word
21 Nov 20256-KZTO Express reports share repurchases from Sep-Nov 2025, totaling 8,940,321 ADS/Class A shares at prices ~$18.48-$19.60. Shares pending cancellation as of Nov 20, 2025.SEC ↗
20 Nov 20256-KZTO filed a Next Day Disclosure Return detailing multiple share repurchases from Sep 24 to Nov 5, 2025, totaling millions of ADS at prices ~$18.48-$19.60. This is a routine disclosure of ongoing buyback activity under existing authorizationSEC ↗
20 Nov 20256-KZTO reported Q3 2025 results: parcel volume +9.8% to 9.6B, revenue +11.1% to RMB11.86B, adjusted net income +5.0% to RMB2.51B. Gross profit -11.4%. Guidance cut: FY25 volume revised to 38.2-38.7B from prior. Core ASP +2 cents; unit costs imearningsopen
Figures in the filing · each found in the filing text
| Parcel volume · Q3-2025 | 9,573,000,000 | +10% y/y |
| Capital spending · Q3-2025 | $1.20B | |
| Number of pickup/delivery outlets · Q3-2025 | 31,000 | |
| Number of sorting hubs · Q3-2025 | 95 |
Guidance
FY2025 parcel volume guidance revised to 38.2-38.7 billion from prior (not stated); representing 12.3%-13.8% YoY growth
Management cut annual volume guidance citing macro and industry dynamics, but expressed confidence in long-term strategy.
Risks flagged
Guidance cut for FY2025 parcel volume indicates softer demand outlook or competitive pressure.
“adjusting down the annual volume guidance to be in the range of 38.2 to 38.7 billion parcels” · word for word
Gross profit decline despite revenue growth signals margin compression from cost inflation or pricing mix.
“Gross profit was RMB2,956.0 million ... a decrease of 11.4%”
19 Nov 20256-KZTO Express files Next Day Disclosure Return detailing ongoing share repurchases (ADS) from Sep 24 to Nov 2025, with prices ranging USD 18.48-19.60. No new authorization; routine disclosure of buyback execution.SEC ↗
18 Nov 20256-KZTO Express files Next Day Disclosure Return detailing ongoing share repurchases (ADS) from Sep 24 to Nov 2025, with prices ranging USD 18.48-19.60. No new authorization; routine disclosure of buyback execution.SEC ↗
17 Nov 20256-KZTO Express files Next Day Disclosure Return detailing ongoing share repurchases (ADS) from Sep 24 to Nov 2025, with prices ranging USD 18.48-19.60. No new authorization; routine disclosure of buyback execution.SEC ↗
14 Nov 20256-KZTO Express files Next Day Disclosure Return detailing ongoing share repurchases (ADS) from Sep 24 to Nov 2025, with prices ranging USD 18.48-19.60. No new authorization; routine disclosure of buyback execution.SEC ↗
12 Nov 20256-KZTO Express filed a Next Day Disclosure Return detailing multiple share repurchases of ADSs (Class A ordinary shares) from Sep 24 to Nov 5, 2025, at prices ranging from USD 18.48 to 19.60 per share. This is a routine disclosure of ongoing bSEC ↗
10 Nov 20256-KZTO Express filed a Next Day Disclosure Return detailing ongoing share repurchases from Sep 24 to Nov 5, 2025, with 24 separate repurchase transactions of ADS shares at prices ranging from USD 18.48 to 19.60.SEC ↗
7 Nov 20256-KZTO Express filed a Next Day Disclosure Return detailing ongoing share repurchases from Sep 24 to Nov 5, 2025, with 24 separate repurchase transactions of ADS shares at prices ranging from USD 18.48 to 19.60.SEC ↗
6 Nov 20256-KZTO Express filed a Next Day Disclosure Return detailing ongoing share repurchases from Sep 24 to Nov 5, 2025, with 23 separate repurchase transactions of ADS shares at prices ranging from USD 18.48 to 19.60.SEC ↗
5 Nov 20256-KZTO Express filed a Next Day Disclosure Return and Monthly Return detailing ongoing share repurchases from Sep 24 to Nov 4, 2025, with 22 separate repurchase transactions of ADS shares at prices ranging from USD 18.48 to 19.60.SEC ↗
4 Nov 20256-KZTO Express filed a Next Day Disclosure Return detailing ongoing share repurchases from Sep 24 to Nov 3, 2025, with 21 separate repurchase transactions of ADS shares at prices ranging from USD 18.48 to 19.60.SEC ↗
3 Nov 20256-KZTO Express filed a Next Day Disclosure Return detailing ongoing share repurchases from Sep 24 to Oct 31, 2025, with 20 separate repurchase transactions of ADS shares at prices ranging from USD 18.48 to 19.60.SEC ↗
31 Oct 20256-KZTO Express reports ongoing share repurchases under existing buyback program; 19 repurchase transactions from Sep 24 to Oct 30, 2025, totaling ~6.5M ADS at ~$18.75-19.60 each. No new authorization or change in program terms.SEC ↗
30 Oct 20256-KZTO Express filed a Next Day Disclosure Return detailing ongoing share repurchases of ADSs from Sep 24 to Oct 28, 2025, at prices between $18.56 and $19.60 per ADS, as part of an existing buyback program.SEC ↗
24 Oct 20256-KZTO Express announced a board meeting scheduled for Nov 19, 2025 to approve Q3 2025 unaudited financial results, with earnings release on Nov 20, 2025.SEC ↗
ZTO Express (Cayman) Inc. — questions
- What did ZTO Express (Cayman) Inc. file recently?
- 70 SEC filings in the last 12 months. Latest: 6-K on 2026-10-20 — ZTO Express filed a Next Day Disclosure Return detailing multiple share repurchases of ADSs from August to September 2026, with prices ranging from USD 20.66 to 23.00, but no new authorization or change in total issued shares.
Every figure on this page comes from ZTO Express (Cayman) Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.