Vipshop Holdings Limited (VIPS)
NYSE: VIPS · Real-Time Price · USD
14.04
-0.14 (-0.99%)
Aug 17, 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
8,2087,9878,9929,0976,2695,475
Net Income
7,5067,2427,7408,1176,2994,681
Earnings Per Share
14.8714.1514.3514.429.836.75
EPS Growth
7.24%-1.42%-0.48%46.71%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
30,34428,81428,27727,89924,16522,391
Total Debt
7,1686,6093,2552,3843,7953,354
Net Cash (Debt)
23,17622,20525,02225,51520,37019,037
Net Cash Growth
-1.27%-11.26%-1.93%25.26%7.00%13.66%
Net Cash Per Share
45.9243.3846.4045.3431.7927.44

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-7,4549,12914,41510,5206,745
Capital Expenditures
--1,986-2,723-2,167-2,431-2,732
Free Cash Flow
-5,4686,40612,2478,0894,012
Free Cash Flow Growth
--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%20.95%19.74%
Operating Margin
7.73%7.54%8.29%8.06%6.08%4.68%
Pretax Margin
8.95%8.69%9.37%8.92%7.82%5.05%
Profit Margin
7.07%6.84%7.14%7.19%6.11%4.00%
FCF Margin
-5.16%5.91%10.85%7.84%3.43%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023
Period EndingAug '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
4.37%3.65%3.84%2.67%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
6.518.426.538.419.117.72
Forward PE
5.266.695.847.019.405.73
P/FCF Ratio
8.3111.167.895.577.109.01
PS Ratio
0.440.580.470.610.560.31