JD.com Inc. (JD) reported CN¥1.31T of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 13.0% from the year before.

Yes. JD.com Inc. earned CN¥19.63B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 1.5%.

How much cash and debt does JD have?

JD.com Inc. reported CN¥137.49B in cash and cash equivalents and CN¥41.67B of debt on its most recent balance sheet in SEC filings.

How fast is JD revenue growing?

JD.com Inc.'s revenue changed +13.0% in fiscal 2025, to CN¥1.31T. Its compound annual growth rate was +11.9% over 5 years and +21.9% over 10 years.

What is JD gross margin?

JD.com Inc.'s gross profit was CN¥210.03B on CN¥1.31T of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 16.0%.

What is JD free cash flow?

JD.com Inc. generated CN¥11.17B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of CN¥18.99B less capital expenditures.

What is JD earnings per share?

Diluted earnings per share were CN¥6.45 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.

When did JD last report financial results?

The latest statements here come from JD.com Inc.'s 20-F filed on Apr 16, 2026, covering the period ended Dec 31, 2025.

Where does this JD financial data come from?

Quantisnow builds these statements from the structured XBRL data JD.com Inc. files with the SEC. It is provided for information only and is not investment advice.

Financials · JD

JD.com Inc. (JD) financials

For fiscal 2025 (ended Dec 31, 2025), JD.com Inc. reported CN¥1.31T of revenue and CN¥19.63B of net income. Figures are in CNY, the currency of its SEC filings.

Revenue, FY2025: CN¥1.31T
Revenue growth, YoY: +13.0%
Net income, FY2025: CN¥19.63B
Net income growth, YoY: -52.5%
Net margin: 1.5%
Free cash flow, FY2025: CN¥11.17B
EPS, diluted, FY2025: CN¥6.45
EPS growth, YoY: -52.0%
Cash: CN¥137.49B
Total debt: CN¥41.67B

Annual revenueCN¥1.31T

FY2016FY2025

Annual net incomeCN¥19.63B

FY2016FY2025

Annual free cash flowCN¥11.17B

FY2019FY2025

JD revenue and earnings growth

JD revenueFY2025CN¥1.31T

FY YoY: +13.0%
5Y CAGR: +11.9%
10Y CAGR: +21.9%

JD revenue was CN¥1.31T for fiscal 2025 (ended Dec 31, 2025), up 13.0% from fiscal 2024. Compound annual growth was +11.9% over 5 years and +21.9% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 14 fiscal years on file.

JD net incomeFY2025CN¥19.63B

FY YoY: -52.5%
5Y CAGR: -16.9%

JD net income was CN¥19.63B for fiscal 2025 (ended Dec 31, 2025), down 52.5% from fiscal 2024. Compound annual growth was -16.9% over 5 years. It rose in 2 of the last 3 fiscal years.

JD EPSFY2025CN¥6.45

FY YoY: -52.0%
5Y CAGR: -16.4%

JD diluted EPS was CN¥6.45 for fiscal 2025 (ended Dec 31, 2025), down 52.0% from fiscal 2024. Compound annual growth was -16.4% over 5 years.

JD free cash flowFY2025CN¥11.17B

FY YoY: -78.8%
5Y CAGR: -22.2%

JD free cash flow was CN¥11.17B for fiscal 2025 (ended Dec 31, 2025), down 78.8% from fiscal 2024. Compound annual growth was -22.2% over 5 years. It rose in 3 of the last 6 fiscal years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	CN¥1.31T	CN¥1.16T	CN¥1.08T	CN¥1.05T	CN¥951.59B	CN¥745.80B	CN¥576.89B	CN¥462.02B	CN¥362.33B	CN¥258.29B
Cost of revenue	CN¥1.10T	CN¥974.95B	CN¥924.96B	CN¥899.16B	CN¥822.53B	CN¥636.69B	CN¥492.47B	CN¥396.07B	CN¥311.52B	CN¥222.93B
Gross profit	CN¥210.03B	CN¥183.87B	CN¥159.70B	CN¥147.07B	CN¥129.07B	CN¥109.11B	CN¥84.42B	CN¥65.95B	CN¥50.81B	CN¥35.36B
Research and development	CN¥22.23B	CN¥17.03B	CN¥16.39B	CN¥16.89B	CN¥16.33B	CN¥16.15B	CN¥14.62B	CN¥12.14B	CN¥6.65B	-
Selling, general and admin	CN¥11.98B	CN¥8.89B	CN¥9.71B	CN¥11.05B	CN¥11.56B	CN¥6.41B	CN¥5.49B	CN¥5.16B	CN¥4.21B	CN¥3.44B
Operating income	CN¥2.77B	CN¥38.74B	CN¥26.02B	CN¥19.72B	CN¥4.14B	CN¥12.34B	CN¥8.99B	-CN¥2.62B	-CN¥835.48M	-CN¥1.25B
Interest expense	CN¥2.80B	CN¥2.90B	CN¥2.88B	CN¥2.11B	CN¥1.21B	CN¥1.13B	CN¥725.00M	CN¥854.54M	CN¥963.74M	CN¥618.57M
Pre-tax income	CN¥25.32B	CN¥51.54B	CN¥31.65B	CN¥13.87B	-CN¥2.58B	CN¥50.82B	CN¥13.69B	-CN¥2.37B	CN¥120.96M	-CN¥1.88B
Income tax	CN¥2.18B	CN¥6.88B	CN¥8.39B	CN¥4.18B	CN¥1.89B	CN¥1.48B	CN¥1.80B	CN¥426.87M	CN¥139.59M	CN¥166.39M
Net income	CN¥19.63B	CN¥41.36B	CN¥24.17B	CN¥10.38B	-CN¥3.56B	CN¥49.41B	CN¥12.18B	-CN¥2.49B	-CN¥152.26M	-CN¥3.81B
EPS, basic	CN¥6.89	CN¥13.83	CN¥7.69	CN¥3.32	-CN¥1.15	CN¥16.35	CN¥4.18	-CN¥0.87	-CN¥0.05	-CN¥1.36
EPS, diluted	CN¥6.45	CN¥13.43	CN¥7.61	CN¥3.21	-CN¥1.15	CN¥15.84	CN¥4.11	-CN¥0.87	-CN¥0.05	-CN¥1.36
Diluted shares	2.98B	3.08B	3.17B	3.18B	3.11B	3.11B	2.97B	2.88B	2.91B	2.80B

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	CN¥137.49B	CN¥108.35B	CN¥79.40B	CN¥85.11B	CN¥76.69B	CN¥90.52B	CN¥39.91B	CN¥37.50B	CN¥25.69B	CN¥24.16B
Short-term investments	CN¥75.74B	CN¥125.64B	CN¥118.25B	CN¥141.09B	CN¥114.56B	CN¥60.58B	CN¥24.60B	CN¥2.04B	CN¥8.59B	CN¥6.55B
Receivables	CN¥27.33B	CN¥25.60B	CN¥20.30B	CN¥20.58B	CN¥11.90B	CN¥7.11B	CN¥6.19B	CN¥11.11B	CN¥16.36B	CN¥16.14B
Inventory	CN¥95.43B	CN¥89.33B	CN¥68.06B	CN¥77.95B	CN¥75.60B	CN¥58.93B	CN¥57.93B	CN¥44.03B	CN¥41.70B	CN¥28.91B
Current assets	CN¥374.42B	CN¥386.70B	CN¥307.81B	CN¥351.07B	CN¥299.67B	CN¥234.80B	CN¥139.09B	CN¥104.86B	CN¥115.03B	CN¥106.93B
Goodwill	CN¥26.29B	CN¥25.71B	CN¥19.98B	CN¥23.12B	CN¥12.43B	CN¥10.90B	CN¥6.64B	CN¥6.64B	CN¥6.65B	CN¥6.53B
Total assets	CN¥695.20B	CN¥698.23B	CN¥628.96B	CN¥595.25B	CN¥496.51B	CN¥422.29B	CN¥259.72B	CN¥209.16B	CN¥184.05B	CN¥160.37B
Current liabilities	CN¥306.07B	CN¥299.52B	CN¥265.65B	CN¥266.56B	CN¥221.64B	CN¥174.02B	CN¥140.02B	CN¥120.86B	CN¥118.25B	CN¥104.74B
Short-term debt	CN¥3.20B	CN¥3.68B	CN¥5.03B	CN¥12.15B	CN¥4.37B	-	CN¥0	CN¥147.26M	CN¥200.00M	CN¥1.88B
Long-term debt	-	-	-	-	-	-	-	CN¥3.09B	-	-
Total debt	CN¥41.67B	CN¥31.70B	-	-	CN¥9.49B	CN¥12.97B	-	CN¥3.24B	-	-
Total liabilities	CN¥401.42B	CN¥384.94B	CN¥332.58B	CN¥321.13B	CN¥249.72B	CN¥200.67B	CN¥159.10B	CN¥132.34B	CN¥131.67B	CN¥119.15B
Shareholders' equity	CN¥225.04B	CN¥239.35B	CN¥295.77B	CN¥273.53B	CN¥245.57B	CN¥204.49B	CN¥84.66B	CN¥60.87B	CN¥52.39B	CN¥34.16B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	CN¥18.99B	CN¥58.09B	CN¥59.52B	CN¥57.82B	CN¥42.30B	CN¥42.54B	CN¥24.78B	CN¥20.88B	CN¥26.86B	CN¥8.24B
Capital expenditures	CN¥7.82B	CN¥5.35B	CN¥4.03B	CN¥5.50B	CN¥5.56B	CN¥3.37B	CN¥2.60B	-	-	-
Free cash flow	CN¥11.17B	CN¥52.74B	CN¥55.49B	CN¥52.31B	CN¥36.74B	CN¥39.17B	CN¥22.18B	-	-	-
Investing cash flow	CN¥41.83B	-CN¥871.00M	-CN¥59.54B	-CN¥54.03B	-CN¥74.25B	-CN¥57.81B	-CN¥25.35B	-CN¥26.08B	-CN¥39.82B	-CN¥45.48B
Financing cash flow	-CN¥26.73B	-CN¥21.00B	-CN¥5.81B	CN¥1.18B	CN¥19.50B	CN¥71.07B	CN¥2.57B	CN¥11.22B	CN¥19.23B	CN¥40.70B
Dividends paid	CN¥10.38B	CN¥8.26B	CN¥6.74B	CN¥13.09B	CN¥0	CN¥0	-	-	-	-
Share repurchases	CN¥21.43B	CN¥25.91B	CN¥2.50B	CN¥1.82B	CN¥5.25B	CN¥312.00M	CN¥131.00M	CN¥205.89M	-	CN¥5.34B
Stock-based compensation	CN¥4.73B	CN¥3.00B	CN¥4.80B	CN¥7.55B	CN¥9.13B	CN¥4.16B	CN¥3.69B	CN¥3.66B	CN¥2.78B	CN¥2.06B
Depreciation and amortization	CN¥9.75B	CN¥8.90B	CN¥8.29B	CN¥7.24B	CN¥6.23B	CN¥6.07B	CN¥5.83B	CN¥5.56B	CN¥4.19B	CN¥3.42B

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	13.0%	6.8%	3.7%	9.9%	27.6%	29.3%	24.9%	27.5%	40.3%	42.7%
Net income growth, YoY	-52.5%	71.1%	132.8%	-	-	305.5%	-	-	-	-
EPS growth, YoY	-52.0%	76.5%	137.1%	-	-	285.4%	-	-	-	-
Gross margin	16.0%	15.9%	14.7%	14.1%	13.6%	14.6%	14.6%	14.3%	14.0%	13.7%
Operating margin	0.2%	3.3%	2.4%	1.9%	0.4%	1.7%	1.6%	-0.6%	-0.2%	-0.5%
Net margin	1.5%	3.6%	2.2%	1.0%	-0.4%	6.6%	2.1%	-0.5%	-0.0%	-1.5%
Free cash flow margin	0.9%	4.6%	5.1%	5.0%	3.9%	5.3%	3.8%	-	-	-
Return on equity	8.7%	17.3%	8.2%	3.8%	-1.4%	24.2%	14.4%	-4.1%	-0.3%	-11.1%
Return on assets	2.8%	5.9%	3.8%	1.7%	-0.7%	11.7%	4.7%	-1.2%	-0.1%	-2.4%
Current ratio	1.22	1.29	1.16	1.32	1.35	1.35	0.99	0.87	0.97	1.02
Debt to equity	0.19	0.13	-	-	0.04	0.06	-	0.05	-	-

Source: XBRL data JD.com Inc. files with the SEC, latest filing dated Apr 16, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

JD peers

Company	Revenue	Growth	Net income	Net margin	Market cap
JD	CN¥1.31T	+13.0%	CN¥19.63B	1.5%	$39.12B
ULTAUlta Beauty Inc.	$12.96B	+11.2%	$1.21B	9.3%	$27.57B
DKSDick's Sporting Goods Inc	$21.15B	+53.5%	$838.83M	4.0%	$12.52B
FCFSFirstCash Holdings Inc.	$4.29B	+22.9%	$406.49M	9.5%	$7.96B
BBWIBath & Body Works Inc.	$7.21B	-2.2%	$781.00M	10.8%	$4.31B
ASOAcademy Sports and Outdoors Inc.	$6.19B	+3.7%	$395.85M	6.4%	$4.14B
RHRH	$3.45B	+3.3%	$111.51M	3.2%	$2.48B
ARHSArhaus Inc.	$1.43B	+5.2%	$64.78M	4.5%	$2.01B

JD FAQ

9 questions

What is JD revenue?
JD.com Inc. (JD) reported CN¥1.31T of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 13.0% from the year before.
Is JD profitable?
Yes. JD.com Inc. earned CN¥19.63B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 1.5%.
How much cash and debt does JD have?
JD.com Inc. reported CN¥137.49B in cash and cash equivalents and CN¥41.67B of debt on its most recent balance sheet in SEC filings.
How fast is JD revenue growing?
JD.com Inc.'s revenue changed +13.0% in fiscal 2025, to CN¥1.31T. Its compound annual growth rate was +11.9% over 5 years and +21.9% over 10 years.
What is JD gross margin?
JD.com Inc.'s gross profit was CN¥210.03B on CN¥1.31T of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 16.0%.
What is JD free cash flow?
JD.com Inc. generated CN¥11.17B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of CN¥18.99B less capital expenditures.
What is JD earnings per share?
Diluted earnings per share were CN¥6.45 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
When did JD last report financial results?
The latest statements here come from JD.com Inc.'s 20-F filed on Apr 16, 2026, covering the period ended Dec 31, 2025.
Where does this JD financial data come from?
Quantisnow builds these statements from the structured XBRL data JD.com Inc. files with the SEC. It is provided for information only and is not investment advice.