JD.com
$102.90Change from previous close: −1.34%Absolute change: −$1.40
At a glance
- Revenue growth
- +12.97%
- 2025 vs 2024
- Net income growth
- −52.54%
- 2025 vs 2024
- Net margin
- 1.5%
- 2024: 3.6%
Financial data
Amounts in millions of CNY; per-share values in CNY; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | 18,991 | 58,095 | 59,521 | 57,819 | 42,301 |
| Depreciation and amortization | 9,747 | 8,904 | 8,292 | 7,236 | 6,232 |
| Capital expenditure | -17,394 | -17,509 | -20,502 | -19,847 | -16,033 |
| Investing cash flow | 41,832 | -871 | -59,543 | -54,026 | -74,248 |
| Financing cash flow | -26,728 | -21,004 | -5,808 | 1,180 | 19,503 |
| Dividends paid | -10,379 | -8,263 | -6,741 | -11,087 | — |
| Share repurchases | -21,430 | -25,912 | -2,497 | -1,823 | -5,246 |
| Debt issued | 34,271 | 27,627 | 30,500 | 47,309 | 7,133 |
| Debt repaid | -24,003 | -13,253 | -27,387 | -35,470 | -9,257 |
| Effect of exchange rates | -186 | 98.0 | 125 | 3,490 | -1,498 |
| Net change in cash | 33,909 | 36,318 | -5,705 | 8,463 | -13,942 |
| Free cash flow | 1,597 | 40,586 | 39,019 | 37,972 | 26,268 |
| Levered free cash flow | -10,436 | 13,131 | 23,469 | 19,197 | 12,007 |