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 Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 |
Net Income | 7,410 | 7,839 | 8,201 | 6,312 | 4,693 |
Depreciation & Amortization | 1,809 | 1,692 | 1,520 | 1,413 | 1,260 |
Stock-Based Compensation | 1,731 | 1,538 | 1,510 | 1,208 | 1,010 |
Other Adjustments | -653.95 | -417.16 | -366.31 | 336.7 | 469.43 |
Change in Receivables | 15.02 | -126.18 | -199.85 | -99.33 | -88.05 |
Changes in Inventories | -25.45 | 944.73 | 601.44 | 1,455 | 917.38 |
Changes in Accounts Payable | -2,169 | -2,171 | 2,566 | 982.95 | -1,942 |
Changes in Accrued Expenses | -216.35 | -356.29 | 666.26 | -248.49 | 263.96 |
Changes in Unearned Revenue | -142.6 | 345.3 | -47.54 | -94.71 | 269.89 |
Changes in Other Operating Activities | -302.76 | -159.63 | -36.94 | -745.35 | -108.73 |
Operating Cash Flow | 7,454 | 9,129 | 14,415 | 10,520 | 6,745 |
Operating Cash Flow Growth | -18.34% | -36.67% | 37.02% | 55.97% | -42.94% |
Investing Activities
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 |
Capital Expenditures | -1,986 | -2,723 | -2,167 | -2,431 | -2,732 |
Sale of Property, Plant & Equipment | 14.84 | 20.51 | 199.01 | 42.82 | 395.08 |
Purchases of Intangible Assets | -80.77 | -839.34 | -3,064 | -671.82 | -846.25 |
Purchases of Investments | -13,491 | -5,110 | -4,242 | -11,479 | -9,538 |
Proceeds from Sale of Investments | 7,031 | 4,623 | 3,566 | 15,131 | 10,514 |
Cash Acquisitions | - | - | - | -387.51 | -148.81 |
Proceeds from Business Divestments | -11.52 | - | 1.42 | 2.39 | 600.46 |
Other Investing Activities | 226.58 | 463.69 | 545.9 | 841.82 | -570.67 |
Investing Cash Flow | -8,297 | -3,566 | -5,160 | 1,049 | -2,326 |
Financing Activities
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 |
Long-Term Debt Issued | 13,219 | 6,563 | 2,206 | 4,684 | 4,180 |
Long-Term Debt Repaid | -9,791 | -5,590 | -3,418 | -4,143 | -3,155 |
Net Long-Term Debt Issued (Repaid) | 3,428 | 973.1 | -1,212 | 541.03 | 1,025 |
Issuance of Common Stock | 1.34 | 0.25 | - | - | 419.81 |
Repurchase of Common Stock | -4,941 | -3,866 | -5,107 | -6,258 | -1,939 |
Net Common Stock Issued (Repurchased) | -4,939 | -3,866 | -5,107 | -6,258 | -1,519 |
Common Dividends Paid | -1,795 | -1,685 | - | - | - |
Other Financing Activities | 1,371 | -392.43 | 173.34 | 143.28 | 435.69 |
Financing Cash Flow | -1,936 | -4,970 | -6,146 | -5,573 | -58.79 |
Net Cash Flow
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 |
Foreign Exchange Rate Adjustments | -52.96 | 63.28 | 85.79 | -63.32 | 0.58 |
Net Cash Flow | -2,831 | 657.14 | 3,194 | 5,932 | 4,360 |
Free Cash Flow
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 |
Free Cash Flow | 5,468 | 6,406 | 12,247 | 8,089 | 4,012 |
Free Cash Flow Growth | -14.63% | -47.70% | 51.41% | 101.61% | -58.13% |
FCF Margin | 5.16% | 5.91% | 10.85% | 7.84% | 3.43% |
Free Cash Flow Per Share | 10.68 | 11.88 | 21.76 | 126.23 | 57.84 |
Levered Free Cash Flow | 7,637 | 6,285 | 10,007 | 7,172 | 3,634 |
Unlevered Free Cash Flow | 3,461 | 4,619 | 10,505 | 5,180 | 2,348 |