JD.com Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,323,700	1,309,090	1,158,820	1,084,660	1,046,240	951,592
Revenue Growth (YoY)	10.32%	12.97%	6.84%	3.67%	9.95%	27.59%
Cost of Revenue	1,108,490	1,099,060	974,951	924,958	899,163	822,526
Gross Profit	215,207	210,028	183,868	159,704	147,073	129,066
Selling, General & Admin	193,769	184,109	127,267	114,401	111,836	109,360
Research & Development	24,474	22,229	17,031	16,393	16,893	16,332
Other Operating Expenses	916	916	834	2,885	-1,379	-767
Total Operating Expenses	219,159	207,254	145,132	133,679	127,350	124,925
Operating Income	-3,952	2,774	38,736	26,025	19,723	4,141
Interest Income	8,331	8,025	2,327	1,010	-2,195	-4,918
Interest Expense	-2,889	-2,803	-2,896	-2,881	-2,106	-1,213
Other Non-Operating Income (Expense)	17,581	17,327	13,371	7,496	-1,555	-590
Total Non-Operating Income (Expense)	23,023	22,549	12,802	5,625	-5,856	-6,721
Pretax Income	19,071	25,323	51,538	31,650	13,867	-2,580
Provision for Income Taxes	1,378	2,181	6,878	8,393	4,176	1,887
Net Income	13,843	19,631	41,359	24,167	10,380	-3,560
Minority Interest in Earnings	3,850	3,511	3,301	-910	-689	-907
Net Income to Common	13,843	19,631	41,359	24,167	10,380	-3,560
Net Income Growth	-69.32%	-52.53%	71.14%	132.82%	-	-
Shares Outstanding (Basic)	1,403	1,424	1,495	1,572	1,563	1,554
Shares Outstanding (Diluted)	1,428	1,489	1,538	1,585	1,590	1,554
Shares Change (YoY)	-6.36%	-3.19%	-2.98%	-0.33%	2.36%	-0.05%
EPS (Basic)	9.84	13.78	27.66	15.38	6.64	-2.30
EPS (Diluted)	8.98	12.90	26.86	15.22	6.42	-2.30
EPS Growth	-69.60%	-51.97%	76.48%	137.07%	-	-
Shares Outstanding	1,351	1,371	1,452	1,574	1,571	1,559
Free Cash Flow	6,858	4,807	44,276	39,506	34,906	20,046
Free Cash Flow Growth	42.67%	-89.14%	12.07%	13.18%	74.13%	-33.42%
Free Cash Flow Per Share	4.80	3.23	28.79	24.92	21.95	12.90
Dividends Per Share	6.994	6.994	7.299	5.389	4.276	-
Dividend Growth	-	-4.17%	35.44%	26.02%	-	-
Gross Margin	16.26%	16.04%	15.87%	14.72%	14.06%	13.56%
Operating Margin	-0.30%	0.21%	3.34%	2.40%	1.89%	0.44%
Profit Margin	1.34%	1.77%	3.85%	2.14%	0.93%	-0.47%
FCF Margin	0.52%	0.37%	3.82%	3.64%	3.34%	2.11%
EBITDA	-3,952	12,521	47,640	34,317	26,959	10,373
EBITDA Margin	-0.30%	0.96%	4.11%	3.16%	2.58%	1.09%
EBIT	-3,952	2,774	38,736	26,025	19,723	4,141
EBIT Margin	-0.30%	0.21%	3.34%	2.40%	1.89%	0.44%
Effective Tax Rate	7.23%	8.61%	13.35%	26.52%	30.11%	-73.14%

Updated May 13, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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