ZTO Express (Cayman) Inc. (ZTO) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: April 17, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 0% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

810M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

ZTO currently has 808M outstanding shares. with minimal authorized share overhang for future dilution. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
Apr 17, 2026	20-F filing \| 807.7M shares outstanding	810M
Apr 17, 2025	20-F filing \| 809.4M shares outstanding	810M
Apr 19, 2024	20-F filing \| 820.0M shares outstanding	820M
Apr 20, 2023	20-F filing \| 796.1M shares outstanding	800M
Apr 28, 2022	20-F filing \| 784.3M shares outstanding	780M
Apr 21, 2021	20-F filing \| 752.7M shares outstanding	750M
Apr 21, 2020	20-F filing \| 206.1M shares outstanding	210M

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