ZTO Express (Cayman) Inc ADR

ZTO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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ZTO Earnings: Lower Volume Guidance, Reverse Logistics Remains a Key Profit Driver

Chelsey Tam , Shawn Tay

Aug 19, 2026

ZTO‘s reverse logistics parcel volume grew 80% year on year in the second quarter of 2026, helping drive overall parcel volume growth of 6.5%, ahead of industry growth of 4.2%. Management lowered 2026 parcel volume growth guidance to 6%-10% from 10%-13%.

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ZTO Express (Cayman) Inc ADR

ZTO Earnings: Lower Volume Guidance, Reverse Logistics Remains a Key Profit Driver

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