NYSE$ZIM

ZIM Shipping Services Ltd · Q2 2026 earnings

Q2 2026 earnings · · Before market open · Investor relations

Briefing

ZIM reported strong Q2 2026 results with revenues up 9% year-over-year to $1.78 billion and net income up 170% to $64 million.

ZIM Integrated Shipping Services Ltd announced its Q2 2026 financial results on August 19, 2026. The company achieved revenues of $1.781 billion, net income of $64 million ($0.53 diluted EPS), and adjusted EBITDA of $491 million. Carried volume reached 922 thousand TEUs with an average freight rate of $1,590 per TEU. Free cash flow generated was $386 million, and net leverage improved to 1.6x.

  • Revenues increased 9% YoY to $1.781 billion driven by higher freight rates and volume.
  • Net income rose 170% YoY to $64 million; adjusted net income was $77 million.
  • Adjusted EBITDA grew 4% YoY to $491 million with a 28% margin.
  • Full-year 2026 guidance: Adjusted EBITDA $2.0-2.4 billion and Adjusted EBIT $700 million to $1.1 billion.

Headline financials

Total Revenue

$1.78B

Previous: $1.64B+8.9%
EPS (adj)

$0.53

Previous: $0.19+178.9%
Adjusted EBITDA

$491M

Previous: $472M+4.0%
Adjusted EBITDA Margin

28.0%

Previous: 29.0%-3.4%
Adjusted EBIT

$169M

No prior period
Carried Volume (TEUs)

922.0K

Previous: 895.0K+3.0%
Avg Freight Rate per TEU

$1.59K

Previous: $1.48K+7.5%
Net Leverage Ratio

1.6

Previous: 0.8+100.0%
Net Debt

$2.77B

Previous: $3.03B-8.5%
Free Cash Flow

$386M

No prior period
Net Income

$64M

Previous: $23.7M+170.0%
Operating Income

$144M

Previous: $149M-3.5%

Revenue & EPS history

ZIM · Revenue · Quarterly

$1.78B

Q2 2026+8.9%vs Q2 2025
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

Full year 2026 guidance of Adjusted EBITDA between $2.0bn to $2.4bn and Adjusted EBIT of $700m to $1.1bn; dividend to shareholders expected based on 2026 results.

Tailwinds

  • Strong Transpacific position and agile commercial approach
  • Expected significantly stronger H2 performance
  • Positive H1 adjusted net income

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 17 quarterly earnings reports

Historical avg

-1.9%

Avg return

Earnings day

+2.0%

Avg return

5 days after

-4.8%

Avg return

30 days after

39%

7 / 18 earnings

Positive

+17.6%

Q4 2022

Best reaction

-20.3%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026-1.6%-1.3%-4.4%
Q3 2025+0.1%+16.5%+14.9%
Q2 2025-1.5%-9.1%-7.6%
Q1 2025+5.8%-1.5%-3.3%
Q1 2024-0.8%+9.7%+5.1%
Q4 2023-20.3%-18.2%-13.4%
Q3 2023-6.8%-10.0%+23.6%
Q2 2023-7.8%-6.1%-18.2%
Q1 2023-18.6%-21.3%-29.5%
Q4 2022+17.6%+22.5%+1.4%
Q3 2022-3.0%-7.6%-33.4%
Q2 2022+1.1%+0.0%-42.0%
Q1 2022-2.0%+7.2%-22.5%
Q4 2021+8.6%+16.8%-18.3%
Q3 2021+8.7%+13.8%+1.7%
Q2 2021-1.1%+6.3%+30.5%
Q1 2021+4.9%+4.8%+1.5%
Q4 2020-18.3%+14.2%+27.5%
Q4 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013

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