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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 37,718 | 555 | 20,879 | -8,035 | 24,409 | -18,262 | 24,891 | -6,219 | 50,738 | -11,315 | 19,613 | 15,004 |
| Depreciation and amortization | 274 | 2,663 | 3,351 | 2,255 | 322 | 2,290 | 3,064 | 1,998 | 1,934 | 2,217 | 3,149 | 1,792 |
| Capital expenditure | -5,520 | -5,063 | -9,443 | -2,596 | -3,032 | -2,323 | -5,950 | -5,358 | -3,321 | -2,880 | -8,689 | -4,993 |
| Investing cash flow | -29,530 | -27,855 | 17,532 | -154 | 8,218 | 16,236 | -12,483 | 21,725 | -38,527 | 28,414 | -63,072 | 14,964 |
| Financing cash flow | -19,885 | -5,445 | -15,005 | 8,004 | -12,439 | -7,288 | -2,784 | -1,806 | -8,969 | -7,445 | -745 | -4,486 |
| Dividends paid | — | — | -10,379 | — | — | — | -8,263 | — | — | — | -6,741 | — |
| Share repurchases | — | — | -21,430 | — | — | — | -25,912 | — | — | — | -2,497 | — |
| Debt issued | — | — | 34,271 | — | — | — | 27,627 | — | — | — | 30,500 | — |
| Debt repaid | — | — | -24,003 | — | — | — | -13,253 | — | — | — | -27,387 | — |
| Effect of exchange rates | -1,208 | -1,511 | 884 | -637 | -88.0 | -345 | 1,136 | -791 | -114 | -130 | -213 | -763 |
| Net change in cash | -12,905 | -34,256 | 24,290 | -822 | 20,100 | -9,659 | 10,762 | 12,909 | 3,128 | 9,524 | -44,417 | 24,719 |
| Free cash flow | 32,198 | -4,508 | 11,436 | -10,631 | 21,377 | -20,585 | 18,941 | -11,577 | 47,417 | -14,195 | 10,924 | 10,011 |
| Levered free cash flow | 17,346 | 1,784 | 9,203 | -13,267 | 7,757 | -15,658 | 6,187 | -13,979 | 30,998 | -9,766 | 3,725 | 9,150 |