Vipshop Holdings Limited (VIPS)
NYSE: VIPS · Real-Time Price · USD
20.23
+0.59 (3.00%)
Dec 1, 2025, 4:00 PM EST - Market closed
Vipshop Holdings Income Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 |
Operating Revenue | 98,343 | 100,735 | 105,613 | 97,250 | 111,257 | 97,450 | Upgrade |
Other Revenue | 8,326 | 7,686 | 7,243 | 5,902 | 5,803 | 4,409 | Upgrade |
| 106,670 | 108,421 | 112,856 | 103,152 | 117,060 | 101,858 | Upgrade | |
Revenue Growth (YoY) | -2.91% | -3.93% | 9.41% | -11.88% | 14.92% | 9.53% | Upgrade |
Cost of Revenue | 81,996 | 82,951 | 87,135 | 81,536 | 93,953 | 80,573 | Upgrade |
Gross Profit | 24,674 | 25,470 | 25,721 | 21,616 | 23,107 | 21,285 | Upgrade |
Selling, General & Admin | 15,798 | 15,319 | 15,495 | 14,299 | 16,869 | 14,865 | Upgrade |
Research & Development | 1,799 | 1,892 | 1,768 | 1,605 | 1,517 | 1,221 | Upgrade |
Other Operating Expenses | -829.42 | -733.51 | -637.88 | -556.97 | -754.77 | -574.2 | Upgrade |
Operating Expenses | 16,767 | 16,478 | 16,624 | 15,347 | 17,632 | 15,512 | Upgrade |
Operating Income | 7,907 | 8,992 | 9,097 | 6,269 | 5,475 | 5,773 | Upgrade |
Interest Expense | -77.72 | -57.68 | -22.93 | -24.26 | -14.46 | -67.36 | Upgrade |
Interest & Investment Income | 837.15 | 809.79 | 780.29 | 764.02 | 671.46 | 449.02 | Upgrade |
Earnings From Equity Investments | 159.14 | 166.98 | 80.3 | -6.56 | 42.3 | 30.02 | Upgrade |
Currency Exchange Gain (Loss) | 93.68 | -24.81 | 162.67 | 687.87 | -37.05 | -160.1 | Upgrade |
EBT Excluding Unusual Items | 8,919 | 9,886 | 10,097 | 7,690 | 6,137 | 6,025 | Upgrade |
Gain (Loss) on Sale of Investments | 175.77 | 86.92 | -37.16 | 452.13 | -329.1 | 937.71 | Upgrade |
Gain (Loss) on Sale of Assets | 3.78 | 3.78 | -5.26 | -34.79 | -5.69 | -7.75 | Upgrade |
Asset Writedown | - | - | -156.24 | -239.3 | -61.92 | -47.02 | Upgrade |
Pretax Income | 9,276 | 10,154 | 10,067 | 8,071 | 5,916 | 7,049 | Upgrade |
Income Tax Expense | 2,032 | 2,316 | 1,866 | 1,759 | 1,223 | 1,130 | Upgrade |
Earnings From Continuing Operations | 7,244 | 7,839 | 8,201 | 6,312 | 4,693 | 5,919 | Upgrade |
Minority Interest in Earnings | -144.11 | -99.01 | -84.68 | -13.02 | -11.8 | -12.4 | Upgrade |
Net Income | 7,100 | 7,740 | 8,117 | 6,299 | 4,681 | 5,907 | Upgrade |
Net Income to Common | 7,100 | 7,740 | 8,117 | 6,299 | 4,681 | 5,907 | Upgrade |
Net Income Growth | -13.89% | -4.64% | 28.86% | 34.56% | -20.75% | 47.05% | Upgrade |
Shares Outstanding (Basic) | 506 | 530 | 553 | 636 | 681 | 675 | Upgrade |
Shares Outstanding (Diluted) | 515 | 539 | 563 | 641 | 694 | 690 | Upgrade |
Shares Change (YoY) | -6.00% | -4.17% | -12.18% | -7.63% | 0.51% | 1.44% | Upgrade |
EPS (Basic) | 14.02 | 14.59 | 14.66 | 9.90 | 6.88 | 8.75 | Upgrade |
EPS (Diluted) | 13.80 | 14.35 | 14.42 | 9.83 | 6.75 | 8.56 | Upgrade |
EPS Growth | -8.39% | -0.48% | 46.71% | 45.67% | -21.15% | 44.64% | Upgrade |
Free Cash Flow | - | 6,406 | 12,247 | 8,089 | 4,012 | 9,583 | Upgrade |
Free Cash Flow Per Share | - | 11.88 | 21.76 | 12.62 | 5.78 | 13.88 | Upgrade |
Dividend Per Share | 3.504 | 3.504 | 3.049 | - | - | - | Upgrade |
Dividend Growth | 14.91% | 14.91% | - | - | - | - | Upgrade |
Gross Margin | 23.13% | 23.49% | 22.79% | 20.95% | 19.74% | 20.90% | Upgrade |
Operating Margin | 7.41% | 8.29% | 8.06% | 6.08% | 4.68% | 5.67% | Upgrade |
Profit Margin | 6.66% | 7.14% | 7.19% | 6.11% | 4.00% | 5.80% | Upgrade |
Free Cash Flow Margin | - | 5.91% | 10.85% | 7.84% | 3.43% | 9.41% | Upgrade |
EBITDA | 9,418 | 10,414 | 10,400 | 7,503 | 6,584 | 6,780 | Upgrade |
EBITDA Margin | 8.83% | 9.61% | 9.21% | 7.27% | 5.62% | 6.66% | Upgrade |
D&A For EBITDA | 1,512 | 1,422 | 1,303 | 1,235 | 1,109 | 1,007 | Upgrade |
EBIT | 7,907 | 8,992 | 9,097 | 6,269 | 5,475 | 5,773 | Upgrade |
EBIT Margin | 7.41% | 8.29% | 8.06% | 6.08% | 4.68% | 5.67% | Upgrade |
Effective Tax Rate | 21.91% | 22.80% | 18.54% | 21.79% | 20.67% | 16.03% | Upgrade |
Revenue as Reported | 106,670 | 108,421 | 112,856 | 103,152 | 117,060 | 101,858 | Upgrade |
Advertising Expenses | - | 1,970 | 1,820 | 1,750 | 3,280 | 3,080 | Upgrade |
Updated Nov 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.