JD.com revenue and financials
$26.28Change from previous close: +1.94%Absolute change: +$0.50
In the fiscal year ended December 2025, JD.com reported revenue of ¥187.2B (+17.91% year over year). Net income was ¥23.14B, a net margin of 12.4%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +17.91%
- 2025 vs 2024
- Net income growth
- −48.18%
- 2025 vs 2024
- Net margin
- 12.4%
- 2024: 28.1%
Financial data
Amounts in millions of CNY; per-share values in CNY; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 187,197 | 158,758 | 1,084,662 | 1,046,236 | 149,326 | 745,802 | 576,888 | 462,020 | 362,332 | 258,290 |
| Cost of revenue | 1,099,057 | 974,951 | 130,277 | 130,366 | 822,526 | 636,694 | 492,467 | 57,605 | 311,517 | 222,935 |
| Gross profit | 121,852 | 113,442 | 95,146 | 84,062 | 70,011 | — | — | — | — | — |
| Selling, general and administrative | 95,933 | 56,841 | 49,843 | 48,825 | 50,305 | — | — | — | — | — |
| Research and development | 22,229 | 2,333 | 16,393 | 2,449 | 2,563 | 16,149 | 14,619 | 12,144 | 6,652 | — |
| Operating income | 397 | 38,736 | 26,025 | 2,860 | 650 | 12,343 | 8,995 | -381 | -835 | -1,252 |
| EBIT | 3,690 | 39,570 | 28,910 | 18,344 | 3,374 | — | — | — | — | — |
| EBITDA | 13,437 | 48,474 | 37,202 | 25,580 | 9,606 | — | — | — | — | — |
| Interest expense | 2,803 | 2,896 | 406 | 2,106 | 190 | 1,125 | 725 | 855 | 148 | 619 |
| Pre-tax income | 25,323 | 51,538 | 31,650 | 13,867 | -2,580 | — | — | — | — | — |
| Income tax | 312 | 6,878 | 1,182 | 4,176 | 1,887 | 1,482 | 1,803 | 62.1 | 140 | 166 |
| Net income | 23,142 | 44,660 | 23,257 | 1,407 | -4,467 | 49,337 | 11,890 | -2,801 | -1.8 | -3,807 |
| Net income to common shareholders | 19,631 | 41,359 | 24,167 | 10,380 | -3,560 | — | — | — | — | — |
| Basic EPS | 0.99 | 13.83 | 1.08 | 0.48 | -1.15 | 16.35 | 0.60 | -0.87 | -0.01 | -0.20 |
| Diluted EPS | 0.92 | 1.84 | 7.61 | 0.47 | -0.18 | 2.43 | 0.59 | -0.87 | -0.01 | -0.20 |
| Average shares (basic) | 1,424 | 1,495 | 1,572 | 1,563 | 1,554 | — | — | — | — | — |
| Average shares (diluted) | 2,978 | 3,076 | 3,171 | 3,181 | 3,107 | 3,109 | 2,967 | 2,878 | 2,911 | 2,805 |
| Dividend per share | 6.99 | 7.30 | 5.39 | 4.28 | — | — | — | — | — | — |