ZTO Express (Cayman) Inc. lowered its 2026 parcel volume guidance to a range of 40.8 billion to 42.4 billion, reflecting 6-10% year over year growth, down from its prior range of 42.37 billion to 43.52 billion. The revised outlook followed second-quarter 2026 earnings of 56 cents per share, which improved from the year-ago quarter, on total revenues of $2.14 billion, also up from a year earlier. Revenue from the core express delivery business rose 23% year over year, driven by a 6.5% increase in parcel volume and a 15.5% increase in parcel unit price, while key account revenue from direct sales organizations surged 63.6% on higher e-commerce return parcels. Gross profit increased 26.8% from the year-ago quarter and gross margin rate improved to 25.7% from 24.9%, while total operating expenses were RMB505.3 million, or $74.5 million, compared with RMB469.3 million in the same period last year. Under a new share repurchase program approved in March 2026 authorizing up to $1.5 billion of shares over a 24-month period, ZTO repurchased 6,161,216 ADSs for $138 million in the second quarter, leaving $1.36 billion of capacity under the authorization.
ZTO Express (Cayman) IncQ2 earnings beat with revenue up, gross margin improving to 25.7%, and $138 million of ADSs repurchased under a $1.5 billion buyback
Expeditors International of Washington, Inc.
