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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