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JD
JD.com Inc. American Depositary SharesStock · Consumer Discretionary
$32.81+$0.27 (+0.83%)as of market close, Aug 6, 2026
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How JD.com Inc. American Depositary Shares makes money

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How does JD.com Inc. American Depositary Shares make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

JD.com Inc. American Depositary Shares · FY2025 · year ended 2025-12-31
Revenue$187.2BGross profit$30.0B · 16%Cost of revenue$157.2B · 84%Operating income$0 · 0%Operating expenses$29.6B · 16%R&D$3.2B · 2%SG&A$1.7B · 1%Selling & marketing$12.0B · 6%Other opex$12.7B · 7%Pre-tax income$2.8B · 1%Other income$2.7B · 1%Net income$2.8B · 1%Income tax$0 · 0%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.