JD.com, Inc.
JD- Exchange
- Nasdaq
- Industry
- Retail-Retail Stores, NEC
- SEC CIK
- 0001549802
No open-market purchases or sales by JD.com, Inc. insiders were filed in the last 90 days; 430 institutions reported holding it in 13F filings for Q2 2026, worth $5.03B in total; Tiger Global Management is the only superinvestor holding it.
Other share classesJDCMF
- Currency
- CNY
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 1:29 PM ET
Amounts are in CNY, the currency JD.com, Inc. reports in. Lines marked ≈ US$ convert key figures to US dollars.
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Revenue | CNY 1.31T≈ US$182.2B | CNY 1.16T≈ US$161.1B | CNY 1.08T≈ US$153.3B | CNY 1.05T≈ US$155.8B | CNY 951.6B≈ US$147.5B |
| Cost of revenue | CNY 1.10T | CNY 975.0B | CNY 925.0B | CNY 899.2B | CNY 822.5B |
| Research and development | CNY 22.2B | CNY 17.0B | CNY 16.4B | CNY 16.9B | CNY 16.3B |
| Selling, general and administrative | CNY 12.0B | CNY 8.89B | CNY 9.71B | CNY 11.1B | CNY 11.6B |
| Operating income | CNY 2.77B | CNY 38.7B | CNY 26.0B | CNY 19.7B | CNY 4.14B |
| Interest expense | CNY 2.80B | CNY 2.90B | CNY 2.88B | CNY 2.11B | CNY 1.21B |
| Income tax | CNY 2.18B | CNY 6.88B | CNY 8.39B | CNY 4.18B | CNY 1.89B |
| Net income | CNY 23.1B≈ US$3.22B | CNY 44.7B≈ US$6.21B | CNY 23.3B≈ US$3.29B | CNY 9.69B≈ US$1.44B | CNY -4.47B≈ US-$692.5M |
| EPS, basic | CNY 6.89 | CNY 13.83 | CNY 7.69 | CNY 3.32 | CNY -1.15 |
| EPS, diluted | CNY 6.45 | CNY 13.43 | CNY 7.61 | CNY 3.21 | CNY -1.15 |
| Weighted shares, basic | 2.85B | 2.99B | 3.14B | 3.13B | 3.11B |
| Weighted shares, diluted | 2.98B | 3.08B | 3.17B | 3.18B | 3.11B |
| Margins and growth | |||||
| Operating margin | 0.2% | 3.3% | 2.4% | 1.9% | 0.4% |
| Net margin | 1.8% | 3.9% | 2.1% | 0.9% | -0.5% |
| Revenue growth, year over year | +13.0% | +6.8% | +3.7% | +9.9% | +27.6% |
| Net income growth, year over year | −48.2% | +92.0% | +140.0% | – | −109.1% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Cash and equivalents | CNY 137.5B | CNY 108.3B | CNY 71.9B | CNY 78.9B | CNY 70.8B |
| Short-term investments | CNY 75.7B | CNY 125.6B | CNY 118.3B | CNY 141.1B | CNY 114.6B |
| Accounts receivable | CNY 27.3B | CNY 25.6B | CNY 20.3B | CNY 20.6B | CNY 11.9B |
| Inventory | CNY 95.4B | CNY 89.3B | CNY 68.1B | CNY 77.9B | CNY 75.6B |
| Total current assets | CNY 374.4B | CNY 386.7B | CNY 307.8B | CNY 351.1B | CNY 299.7B |
| Property, plant and equipment | CNY 91.3B | CNY 82.7B | CNY 70.0B | CNY 55.1B | CNY 32.9B |
| Goodwill | CNY 26.3B | CNY 25.7B | CNY 20.0B | CNY 23.1B | CNY 12.4B |
| Intangible assets | CNY 7.72B | CNY 7.79B | CNY 6.93B | CNY 9.14B | CNY 5.84B |
| Total assets | CNY 695.2B≈ US$99.4B | CNY 698.2B≈ US$95.7B | CNY 629.0B≈ US$88.6B | CNY 595.3B≈ US$86.3B | CNY 496.5B≈ US$77.9B |
| Accounts payable | CNY 188.4B | CNY 192.9B | CNY 166.2B | CNY 160.6B | CNY 140.5B |
| Short-term debt | CNY 8.01B | CNY 7.58B | CNY 5.03B | CNY 12.1B | CNY 4.37B |
| Total current liabilities | CNY 306.1B | CNY 299.5B | CNY 265.6B | CNY 266.6B | CNY 221.6B |
| Long-term debt | CNY 41.7B | – | – | – | CNY 9.49B |
| Total liabilities | CNY 401.4B | CNY 384.9B | CNY 332.6B | CNY 321.1B | CNY 249.7B |
| Shareholders' equity | CNY 293.8B | CNY 312.8B | CNY 295.8B | CNY 273.5B | CNY 245.6B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 20-F | 20-F | 20-F | 20-F | 20-F |
| Reported | – | – | – | – | – |
| Operating cash flow | CNY 19.0B≈ US$2.64B | CNY 58.1B≈ US$8.07B | CNY 59.5B≈ US$8.41B | CNY 57.8B≈ US$8.61B | CNY 42.3B≈ US$6.56B |
| Capital expenditures | CNY 7.82B | CNY 5.35B | CNY 4.03B | CNY 5.50B | CNY 5.56B |
| Free cash flow | CNY 11.2B≈ US$1.55B | CNY 52.7B≈ US$7.33B | CNY 55.5B≈ US$7.84B | CNY 52.3B≈ US$7.79B | CNY 36.7B≈ US$5.70B |
| Depreciation and amortization | CNY 9.75B | CNY 8.90B | CNY 8.29B | CNY 7.24B | CNY 6.23B |
| Stock-based compensation | CNY 4.73B | CNY 3.00B | CNY 4.80B | CNY 7.55B | CNY 9.13B |
| Dividends paid | CNY 10.4B | CNY 8.26B | CNY 6.74B | CNY 13.1B | – |
| Share buybacks | CNY 21.4B | CNY 25.9B | CNY 2.50B | CNY 1.82B | CNY 5.25B |
| Investing cash flow | CNY 41.8B | CNY -871.0M | CNY -59.5B | CNY -54.0B | CNY -74.2B |
| Financing cash flow | CNY -26.7B | CNY -21.0B | CNY -5.81B | CNY 1.18B | CNY 19.5B |
| Net change in cash | CNY 33.9B | CNY 36.3B | CNY -5.71B | CNY 8.46B | CNY -13.9B |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.4% | 0.3% | 0.4% | 0.7% | 1.0% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
JD.com, Inc. reports no single share count on its 10-K and 10-Q covers. Companies with several share classes report one count per class, which this data doesn't include.
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- ≈ US$ figures convert CNY at FRED H.10 exchange rates (Federal Reserve): the average rate over the period for income and cash flow, and the rate on the period-end date, or the last business day before it, for the balance sheet.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.