JD.com revenue and financials
$26.50Change from previous close: +0.53%Absolute change: +$0.14
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 18,991 | 7,959 | 59,521 | 8,383 | 6,638 | 42,544 | 24,781 | 20,881 | 26,857 | 8,240 |
| Depreciation and amortization | 9,747 | 8,904 | 1,168 | 1,049 | 978 | 6,068 | 5,828 | 809 | 4,193 | 3,420 |
| Capital expenditure | -1,118 | -5,353 | -567 | -5,495 | -873 | -3,370 | -2,597 | — | — | — |
| 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 | -1,484 | -1,132 | -6,741 | -13,087 | 0.0 | 0.0 | — | — | — | — |
| Share repurchases | -21,430 | -3,550 | -2,497 | -1,823 | -823 | -312 | -131 | -29.9 | — | -769 |
| 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 | — | — | — | — | — |