Revenue
5Y CAGR +11.0%10Y CAGR +20.3%$182.2B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
JD
$27.75+3.10%
as of close, Nov 4, 2026
☾ AH $27.75 +3.10%
JD.com Inc. American Depositary SharesStock · Consumer Discretionary
Head-to-head:Compare with PDD or any ticker →
JD financial statements
The full income statement, balance sheet, and cash-flow statement for JD.com Inc. American Depositary Shares (JD), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Financial overview#
Gross profit
5Y CAGR +13.1%10Y CAGR +23.6%$29.2B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Operating income
5Y CAGR −26.4%10Y n/m$386M FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Net income
5Y CAGR −17.5%10Y n/m$2.7B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
EPS (diluted)
5Y CAGR −17.1%10Y n/m$1.80 FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Operating cash flow
5Y CAGR −15.6%10Y CAGR +25.6%$2.6B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Capital expenditure
5Y CAGR +17.4%10Y CAGR +5.3%$1.1B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Free cash flow
5Y CAGR −22.8%10Y n/m$1.6B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Shares (diluted)
5Y −4.2%10Y +8.9%1.5B FY25
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Dividend per share
$0.97 FY25
FY22FY23FY24FY25
No quarters filed for this figure.
Shares outstanding (point-in-time)
2017-12 1.46B2018-12 1.45B2019-12 1.47B2020-12 1.56B2021-12 1.56B2022-12 1.57B2023-12 1.57B2024-12 1.45B2025-12 1.37B-5.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 182B+13.1% | 161B+5.1% | 153B-1.4% | 155B+5.4% | 148B+36.5% | |
| 29.2B+14.4% | 25.6B+13.2% | 22.6B+3.3% | 21.9B+9.2% | 20.0B+26.5% | ||
| Cost of revenue | 153B+12.9% | 135B+3.7% | 131B-2.2% | 134B+4.8% | 128B+38.2% | |
| Research & development | 3.09B+30.7% | 2.37B+2.2% | 2.32B-7.7% | 2.51B-0.9% | 2.53B+8.2% | |
| Selling, general & administrative | 13.4B+69.0% | 7.90B+12.2% | 7.04B-2.9% | 7.25B-7.0% | 7.80B+60.3% | |
| General & administrative | 1.67B+35.0% | 1.24B-10.0% | 1.37B-16.5% | 1.64B-8.4% | 1.79B+93.0% | |
| Selling & marketing | 11.7B+75.3% | 6.66B+17.5% | 5.67B+1.0% | 5.61B-6.6% | 6.01B+52.6% | |
| Amortization of intangibles | 152M+10.5% | 137M-25.6% | 184M-0.6% | 185M+25.1% | 148M+27.5% | |
| Provision for credit losses | -103M-96.8% | -52.3M+31.8% | -76.6M+16.2% | -91.4M-10.2% | -82.9M-72.9% | |
| Operating income | 386M-92.8% | 5.38B+46.4% | 3.68B+25.5% | 2.93B+356.5% | 642M-64.1% | |
| Interest expense | 390M-3.1% | 402M-1.1% | 407M+30.1% | 313M+66.4% | 188M+15.3% | |
| Interest & investment income | 1.26B-3.1% | 1.30B-3.9% | 1.35B+58.6% | 853M+30.6% | 653M+63.7% | |
| Other non-operating income | 2.41B+29.8% | 1.86B+75.4% | 1.06B+558.4% | -231M-152.6% | -91.5M-101.8% | |
| Equity-method income | 1.12B+245.3% | 323M+126.6% | 143M+143.8% | -326M+57.2% | -762M-222.6% | |
| Pre-tax income | 3.52B-50.8% | 7.16B+60.2% | 4.47B+117.0% | 2.06B+615.1% | -400M-105.4% | |
| Income tax | 304M-68.2% | 956M-19.4% | 1.19B+91.1% | 620M+112.1% | 293M+36.2% | |
| 2.73B-52.5% | 5.75B+68.3% | 3.41B+121.4% | 1.54B+379.5% | -552M-107.7% | ||
| Net income to non-controlling interest | 489M+6.5% | 459M+456.8% | -129M-24.2% | -104M+27.6% | -143M-1216.5% | |
| Net income to common | 2.73B-52.5% | 5.75B+68.3% | 3.41B+121.4% | 1.54B+379.5% | -552M-107.7% | |
| $1.80-51.9% | $3.73+73.6% | $2.15+125.4% | $0.95+367.5% | -$0.36-107.8% | ||
| EPS (basic) | $1.92-50.1% | $3.84+76.9% | $2.17+120.3% | $0.99+376.7% | -$0.36-107.5% | |
| Weighted-avg shares (basic) | 1.42B-4.8% | 1.49B-4.9% | 1.57B+0.6% | 1.56B+0.6% | 1.55B+2.8% | |
| Weighted-avg shares (diluted) | 1.49B-3.2% | 1.54B-3.0% | 1.59B-0.3% | 1.59B+2.4% | 1.55B-0.1% | |
| Dividends per share | $0.97+29.9% | $0.75+24.3% | $0.60-50.9% | $1.22 | — | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 53.5B+0.9% | 53.0B+22.2% | 43.4B-14.8% | 50.9B+7.9% | 47.2B+31.1% | ||
| Cash & equivalents | 19.6B+32.3% | 14.8B+46.6% | 10.1B-11.4% | 11.4B+2.6% | 11.1B-15.6% | |
| Short-term investments | 10.8B-37.2% | 17.2B+3.4% | 16.7B-18.6% | 20.5B+13.4% | 18.0B+94.3% | |
| Accounts receivable | 3.90B+11.3% | 3.51B+22.6% | 2.86B-4.1% | 2.98B+59.2% | 1.87B+71.9% | |
| Inventory | 13.6B+11.4% | 12.2B+27.7% | 9.59B-15.2% | 11.3B-5.1% | 11.9B+31.8% | |
| Prepaid expenses | 2.56B+17.0% | 2.19B-0.8% | 2.20B+0.3% | 2.20B+21.8% | 1.80B+66.3% | |
| 99.3B+3.8% | 95.7B+8.0% | 88.6B+2.7% | 86.3B+10.4% | 78.2B+20.8% | ||
| Property, plant & equipment | 13.0B+15.1% | 11.3B+14.9% | 9.86B+23.5% | 7.98B+54.0% | 5.19B+49.8% | |
| Operating lease right-of-use | 4.45B+32.3% | 3.36B+14.4% | 2.94B-9.0% | 3.23B+2.6% | 3.15B+32.6% | |
| Goodwill | 3.76B+6.6% | 3.52B+25.2% | 2.81B-16.0% | 3.35B+71.3% | 1.96B+17.1% | |
| Intangible assets | 1.10B+3.3% | 1.07B+9.3% | 977M-26.3% | 1.32B+44.2% | 919M-7.2% | |
| Long-term investments | 7.40B-9.0% | 8.13B-28.6% | 11.4B+447.0% | 2.08B-30.7% | 3.00B-49.8% | |
| Deferred tax assets | 748M+122.0% | 337M+37.2% | 246M+10.3% | 223M+27.3% | 175M+114.1% | |
| Other non-current assets | 1.69B+36.0% | 1.25B-39.1% | 2.05B-11.9% | 2.32B-32.3% | 3.43B+68.2% | |
| Total non-current assets | 45.8B+7.3% | 42.7B-5.6% | 45.2B+27.8% | 35.4B+14.2% | 31.0B+7.8% | |
| 43.7B+6.5% | 41.0B+9.7% | 37.4B-3.2% | 38.6B+10.7% | 34.9B+30.8% | ||
| Accounts payable | 26.9B+1.8% | 26.4B+12.9% | 23.4B+0.5% | 23.3B+5.3% | 22.1B+35.1% | |
| Deferred revenue | 383M+33.4% | 287M-2.7% | 295M-39.2% | 486M-10.8% | 544M+4.0% | |
| Short-term & current debt | 1.65B+58.5% | 1.04B+46.5% | 709M-59.7% | 1.76B+156.1% | 688M+37.6% | |
| Current lease liability | 1.34B+28.8% | 1.04B-4.6% | 1.09B-2.0% | 1.11B+6.2% | 1.05B+24.2% | |
| 57.3B+8.7% | 52.7B+12.6% | 46.8B+0.6% | 46.6B+18.4% | 39.3B+27.8% | ||
| Long-term debt | 8.92B+15.3% | 7.74B+30.9% | 5.91B+34.9% | 4.38B+196.6% | 1.48B-23.1% | |
| Deferred revenue (non-current) | — | 68.8M-49.3% | 136M-15.4% | 160M-21.4% | 204M-17.7% | |
| Non-current lease liability | 3.39B+36.5% | 2.48B+28.8% | 1.93B-11.3% | 2.17B+0.5% | 2.16B+37.5% | |
| Operating lease liability (total) | 4.73B+34.2% | 3.52B+16.7% | 3.02B-8.1% | 3.29B+2.4% | 3.21B+32.8% | |
| Deferred tax liabilities | 1.15B-12.0% | 1.30B-0.3% | 1.31B+38.3% | 944M+216.0% | 299M+1.4% | |
| Other non-current liabilities | 164M-10.6% | 183M+23.3% | 149M-41.0% | 252M-10.4% | 281M+452.6% | |
| Total non-current liabilities | 13.6B+16.4% | 11.7B+24.1% | 9.43B+19.2% | 7.91B+78.9% | 4.42B+8.3% | |
| 32.1B-2.0% | 32.8B+0.4% | 32.7B+5.6% | 30.9B-6.0% | 32.9B+14.4% | ||
| Common stock | 0.00 | 0.00 | 0.00 | — | — | |
| Additional paid-in capital | 20.2B-19.1% | 25.0B-3.7% | 25.9B-2.8% | 26.7B-7.2% | 28.7B+22.3% | |
| Retained earnings | 12.1B+15.7% | 10.5B+69.1% | 6.20B+46.1% | 4.25B-20.2% | 5.32B-7.2% | |
| Treasury stock | 1.12B-70.4% | 3.80B+691.5% | 480M+32.9% | 361M-22.7% | 467M+150.3% | |
| Accumulated other comprehensive income | -168M-186.2% | 195M+53.1% | 127M+191.5% | -139M+85.5% | -959M-76.3% | |
| Non-controlling interest | 9.82B-2.4% | 10.1B+11.8% | 9.00B+3.2% | 8.72B+51.1% | 5.77B+122.3% | |
| Total equity incl. non-controlling | 42.0B-2.1% | 42.9B+2.9% | 41.7B+5.1% | 39.7B+2.6% | 38.7B+23.4% | |
| Total liabilities & equity | 99.3B+3.8% | 95.7B+8.0% | 88.6B+2.7% | 86.3B+10.4% | 78.2B+20.8% | |
| Treasury shares | 76.4M-73.1% | 284M | — | — | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.64B-67.3% | 8.07B-4.0% | 8.41B-2.1% | 8.59B+31.0% | 6.56B+6.4% | ||
| Depreciation & amortization | 1.36B+9.6% | 1.24B+5.6% | 1.17B+9.0% | 1.08B+11.3% | 966M+9.9% | |
| Intangible amortization | 152M+10.5% | 137M-25.6% | 184M-0.6% | 185M+25.1% | 148M+27.5% | |
| Share-based compensation | 658M+57.8% | 417M-38.6% | 679M-39.5% | 1.12B-20.8% | 1.42B+135.1% | |
| Deferred income taxes | -660M-315.0% | -159M-229.5% | 123M+250.5% | -81.6M+19.2% | -101M+3.1% | |
| Change in receivables | 352M-44.4% | 632M+1342.4% | 43.8M-95.9% | 1.07B+22.5% | 873M+1362.4% | |
| Change in inventory | 804M-71.3% | 2.80B+300.4% | -1.40B-512.9% | 338M-86.9% | 2.59B+2335.5% | |
| Change in payables | -683M-117.7% | 3.87B+493.6% | 652M-75.2% | 2.62B-48.1% | 5.05B+214.2% | |
| 5.82B+4909.0% | -121M+98.6% | -8.41B-4.8% | -8.03B+30.3% | -11.5B-37.4% | ||
| Capital expenditure | 1.09B+46.3% | 744M+30.7% | 569M-30.4% | 818M-5.1% | 862M+76.6% | |
| Free cash flow | 1.55B-78.8% | 7.33B-6.5% | 7.84B+0.9% | 7.77B+36.5% | 5.70B+0.3% | |
| Acquisitions | 154M-60.1% | 386M | 0.00-100.0% | 2.33B+4582.9% | 49.8M+151.2% | |
| Other investing activities | 161M+10.0% | 147M+49.2% | 98.3M+652.1% | 13.1M+105.3% | -246M-375.2% | |
| -3.72B-27.4% | -2.92B-255.7% | -821M-568.1% | 175M-94.2% | 3.02B-70.6% | ||
| Long-term debt issued | 0.00-100.0% | 1.95B | 0.00 | 0.00 | 0.00-100.0% | |
| Long-term debt repaid | 0.00 | 0.00-100.0% | 1.58B+192.9% | 540M+11913.4% | 4.50M-74.8% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 2.98B-17.2% | 3.60B+920.7% | 353M+30.3% | 271M-66.7% | 813M+1698.7% | |
| Dividends paid | 1.44B+25.8% | 1.15B+20.6% | 953M-51.0% | 1.94B | 0.00 | |
| Other financing activities | -96.7M-61.1% | -60.0M+45.0% | -109M-218.2% | -34.3M-2667.5% | -1.24M+4.9% | |
| Net change in cash | 4.72B-6.5% | 5.05B+726.2% | -806M-164.1% | 1.26B+158.2% | -2.16B-129.4% | |
| Interest paid | 374M-3.1% | 386M-2.8% | 397M+11.6% | 356M+87.8% | 189M+28.1% | |
| Income taxes paid | 1.21B-1.1% | 1.22B+58.6% | 772M+103.3% | 380M-3.5% | 393M+128.2% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 39.4B-21.8% | 50.4B+11.1% | 45.4B-48.1% | 87.5B-19.9% | 109B-20.1% | |
| P/E | 14.4×+64.5% | 8.8×-70.2% | 29.4× | — | — | |
| P/S | 0.2×-30.9% | 0.3×+7.2% | 0.3×-50.8% | 0.6×-19.9% | 0.7×-41.5% | |
| P/B | 1.2×-20.2% | 1.5×+4.8% | 1.5×-44.8% | 2.7×-19.9% | 3.3×-30.2% | |
| P/FCF | 25.4×+268.7% | 6.9×+17.8% | 5.8×-62.0% | 15.4×-19.9% | 19.2×-20.4% | |
| Earnings yield | 6.9%-39.2% | 11.4%+235.4% | 3.4% | — | — | |
| FCF yield | 3.9%-72.9% | 14.5%-15.1% | 17.1%+163.1% | 6.5%+24.8% | 5.2%+25.6% | |
| Dividend yield | 3.4%+56.9% | 2.2%+3.6% | 2.1%-4.5% | 2.2% | — | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: JD’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all JD filings on SEC EDGAR → Not investment advice.
Head-to-head:Compare with PDD or any ticker →