Vipshop Holdings Limited (VIPS)
NYSE: VIPS · Real-Time Price · USD
14.74
+0.49 (3.44%)
Jul 27, 2026, 4:00 PM EDT - Market closed

Vipshop Holdings Financials Overview

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
106,226105,920108,421112,856103,152117,060
Revenue Growth
-0.76%-2.31%-3.93%9.41%-11.88%14.92%
Gross Profit
24,90324,49025,47025,72121,61623,107
Operating Income
8,3578,1369,1739,1046,1975,582
Net Income
7,5067,2427,7408,1176,2994,681
Earnings Per Share
149.3214.1514.3514.4298.3067.48
EPS Growth
7.61%-1.42%-0.48%-85.33%45.67%-21.15%

Revenue by Segment

Fiscal YearFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '24 Dec '23 Dec '22 Dec '21
Inter-Segment Revenues
-597.03-583.25-730.49-1,619-1,912
Vip.Com
101,521104,731109,556100,807114,190
Shan Shan Outlets
4,0823,3112,7961,8591,579
Others
914.19962.191,2342,1063,203
Total
105,920108,421112,856103,152117,060

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
30,34428,76828,22527,39823,53521,679
Total Debt
7,1686,4493,0492,1963,6573,213
Net Cash (Debt)
23,17622,31925,17625,20219,87818,466
Net Cash Growth
-1.27%-11.35%-0.10%26.79%7.64%11.11%
Net Cash Per Share
460.1943.6046.6844.78310.21266.19

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
7,4547,4549,12914,41510,5206,745
Capital Expenditures
-1,986-1,986-2,723-2,167-2,431-2,732
Free Cash Flow
5,4685,4686,40612,2478,0894,012
Free Cash Flow Growth
36.30%-14.63%-47.70%51.41%101.61%-58.13%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
23.44%23.12%23.49%22.79%20.96%19.74%
Operating Margin
7.87%7.68%8.46%8.07%6.01%4.77%
Pretax Margin
8.62%8.42%9.21%8.85%7.83%5.02%
Profit Margin
6.91%6.72%7.08%7.20%6.13%3.97%
FCF Margin
0.00%5.16%5.91%10.85%7.84%3.43%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023
Period EndingJul '26 Dec '25 Dec '24 Dec '23
Dividend Per Share
0.6204.3373.5043.049
Dividend Per Share Growth
30.43%23.77%14.91%-
Dividend Yield
4.21%2.90%3.23%0.00%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
6.848.756.858.720.960.79
Forward PE
5.556.695.847.019.405.73
P/FCF Ratio
8.7610.847.871.116.821.81
PS Ratio
0.460.560.460.120.530.06