JD.com Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Revenue	1,117,910	1,084,662	1,046,236	951,592	745,802	576,888	Upgrade
Revenue Growth (YoY)	4.09%	3.67%	9.95%	27.59%	29.28%	24.86%	Upgrade
Cost of Revenue	1,011,245	989,516	962,174	881,581	685,394	529,435	Upgrade
Gross Profit	106,665	95,146	84,062	70,011	60,408	47,453	Upgrade
Selling, General & Admin	53,041	49,843	48,825	50,305	33,565	27,724	Upgrade
Research & Development	16,988	16,393	16,893	16,332	16,149	14,619	Upgrade
Operating Expenses	70,029	66,236	65,718	66,637	49,714	42,343	Upgrade
Operating Income	36,636	28,910	18,344	3,374	10,694	5,110	Upgrade
Interest Expense	-2,897	-2,881	-2,106	-1,213	-1,125	-725	Upgrade
Interest & Investment Income	9,576	9,576	5,742	4,213	2,753	1,786	Upgrade
Earnings From Equity Investments	2,268	1,010	-2,195	-4,918	4,291	-1,738	Upgrade
Currency Exchange Gain (Loss)	-28	-28	114	42	-90	124	Upgrade
Other Non Operating Income (Expenses)	4,759	1,757	2,212	2,841	3,093	2,510	Upgrade
EBT Excluding Unusual Items	50,314	38,344	22,111	4,339	19,616	7,067	Upgrade
Impairment of Goodwill	-3,143	-3,143	-	-	-	-	Upgrade
Gain (Loss) on Sale of Investments	-2,807	-3,898	-6,065	-7,826	29,275	1,542	Upgrade
Gain (Loss) on Sale of Assets	891	2,372	-2,179	907	1,928	5,084	Upgrade
Asset Writedown	-2,025	-2,025	-	-	-	-	Upgrade
Pretax Income	43,230	31,650	13,867	-2,580	50,819	13,693	Upgrade
Income Tax Expense	7,522	8,393	4,176	1,887	1,482	1,803	Upgrade
Earnings From Continuing Operations	35,708	23,257	9,691	-4,467	49,337	11,890	Upgrade
Net Income to Company	35,708	23,257	9,691	-4,467	49,337	11,890	Upgrade
Minority Interest in Earnings	-814	910	689	907	68	294	Upgrade
Net Income	34,894	24,167	10,380	-3,560	49,405	12,184	Upgrade
Net Income to Common	34,894	24,167	10,380	-3,560	49,405	12,184	Upgrade
Net Income Growth	46.55%	132.82%	-	-	305.49%	-	Upgrade
Shares Outstanding (Basic)	1,525	1,572	1,563	1,554	1,511	1,456	Upgrade
Shares Outstanding (Diluted)	1,554	1,585	1,590	1,554	1,555	1,484	Upgrade
Shares Change (YoY)	-1.08%	-0.33%	2.36%	-0.05%	4.78%	3.11%	Upgrade
EPS (Basic)	22.88	15.37	6.64	-2.29	32.70	8.37	Upgrade
EPS (Diluted)	22.43	15.23	6.42	-2.29	31.68	8.22	Upgrade
EPS Growth	49.27%	137.18%	-	-	285.41%	-	Upgrade
Free Cash Flow	32,572	39,022	37,982	26,268	31,625	16,862	Upgrade
Free Cash Flow Per Share	20.96	24.62	23.88	16.91	20.34	11.37	Upgrade
Dividend Per Share	5.389	5.389	4.276	-	-	-	Upgrade
Dividend Growth	26.02%	26.02%	-	-	-	-	Upgrade
Gross Margin	9.54%	8.77%	8.03%	7.36%	8.10%	8.23%	Upgrade
Operating Margin	3.28%	2.67%	1.75%	0.35%	1.43%	0.89%	Upgrade
Profit Margin	3.12%	2.23%	0.99%	-0.37%	6.62%	2.11%	Upgrade
Free Cash Flow Margin	2.91%	3.60%	3.63%	2.76%	4.24%	2.92%	Upgrade
EBITDA	45,625	37,202	25,580	9,606	16,762	10,938	Upgrade
EBITDA Margin	4.08%	3.43%	2.44%	1.01%	2.25%	1.90%	Upgrade
D&A For EBITDA	8,989	8,292	7,236	6,232	6,068	5,828	Upgrade
EBIT	36,636	28,910	18,344	3,374	10,694	5,110	Upgrade
EBIT Margin	3.28%	2.67%	1.75%	0.35%	1.43%	0.89%	Upgrade
Effective Tax Rate	17.40%	26.52%	30.11%	-	2.92%	13.17%	Upgrade
Revenue as Reported	1,117,910	1,084,662	1,046,236	951,592	745,802	576,888	Upgrade
Advertising Expenses	-	-	29,898	32,704	23,088	19,286	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.