JD.com, Inc. logo

JD.com, Inc.

89618.HK

HKSEConsumer CyclicalSpecialty Retail

Latest quote

CN¥96.90

−CN¥1.70 · -1.72%

Aug 24, 11:42 AM HKTData delayed

89618.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

JD.com, Inc. operates primarily as a technology and service enterprise within the People's Republic of China, built upon a robust supply chain infrastructure. Its diversified operations are structured into three main divisions: JD Retail, JD Logistics, and New Businesses. The company's retail segment offers a vast selection of products, encompassing consumer electronics, communication devices, computer hardware, and household appliances. Additionally, JD.com provides an extensive range of general merchandise, including groceries (such as food, beverages, and fresh produce), infant and maternal supplies, furniture, home essentials, cosmetics, personal care items, pharmaceutical and healthcare products, industrial goods, books, automobile accessories, apparel, footwear, bags, and jewelry. Furthermore, JD.com delivers a comprehensive suite of services. These include facilitating an online marketplace for independent third-party merchants, providing marketing solutions, and developing omni-channel strategies for both customers and physical retailers. The company also extends its services to online healthcare. Its capabilities further encompass the development, ownership, and management of its own logistics facilities and other real estate properties, often to support external partners. It also offers asset management, an integrated service platform, and leases storage facilities along with associated management services. A cornerstone of its offering is the provision of sophisticated, technology-driven supply chain solutions and end-to-end logistics services. Established in 2006, the company was initially known as 360buy Jingdong Inc. before officially adopting its current name, JD.com, Inc., in January 2014. Its corporate headquarters are situated in Beijing, People's Republic of China.

Industry
Specialty Retail
Sector
Consumer Cyclical
Headquarters
CN
CEO
Ran Xu
Listed since
Jun 19, 2023
Employees
776,682

Market position

Day range

Current CN¥96.90

52-week range

Current CN¥96.90

Open
CN¥96.00
Previous close
CN¥98.60
Volume
3.9K
0.46× average
Average volume
8.53K
Average daily volume
Market cap
265.8B CNY
Beta
0.36
Market reference 1
50-day average
CN¥99.016
-2.14% below average
200-day average
CN¥101.18
-4.23% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
242.84B CNY
EV / EBITDA
6.63×
Earnings yield
6.70%
Free cash flow yield
1.68%

Profitability & efficiency

Return on equity
8.49%
Return on assets
2.75%
Return on invested capital
0.80%

Financial health

Current ratio
1.22×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends18%11%5%-2%Gross margin, FY2021: 7.36%Gross margin, FY2022: 8.03%Gross margin, FY2023: 8.77%Gross margin, FY2024: 9.79%Gross margin, FY2025: 15.95%Operating margin, FY2021: 0.44%Operating margin, FY2022: 1.89%Operating margin, FY2023: 2.40%Operating margin, FY2024: 3.34%Operating margin, FY2025: 0.28%Net margin, FY2021: -0.37%Net margin, FY2022: 0.99%Net margin, FY2023: 2.23%Net margin, FY2024: 3.57%Net margin, FY2025: 1.50%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 7.36%. Gross margin FY2022 8.03%. Gross margin FY2023 8.77%. Gross margin FY2024 9.79%. Gross margin FY2025 15.95%. Operating margin FY2021 0.44%. Operating margin FY2022 1.89%. Operating margin FY2023 2.40%. Operating margin FY2024 3.34%. Operating margin FY2025 0.28%. Net margin FY2021 -0.37%. Net margin FY2022 0.99%. Net margin FY2023 2.23%. Net margin FY2024 3.57%. Net margin FY2025 1.50%.

Income trends

Revenue

1.28T CNY+10.04%

Operating income

3.59B CNY-90.72%

Net income

19.12B CNY-53.76%
Income trends across reported periods1.4T CNY891.58B CNY380.07B CNY−131.44B CNYRevenue, FY2021: 951.59B CNYRevenue, FY2022: 1.05T CNYRevenue, FY2023: 1.08T CNYRevenue, FY2024: 1.16T CNYRevenue, FY2025: 1.28T CNYOperating income, FY2021: 4.14B CNYOperating income, FY2022: 19.72B CNYOperating income, FY2023: 26.03B CNYOperating income, FY2024: 38.74B CNYOperating income, FY2025: 3.59B CNYNet income, FY2021: −3.56B CNYNet income, FY2022: 10.38B CNYNet income, FY2023: 24.17B CNYNet income, FY2024: 41.36B CNYNet income, FY2025: 19.12B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 951.59B CNY. Revenue FY2022 1.05T CNY. Revenue FY2023 1.08T CNY. Revenue FY2024 1.16T CNY. Revenue FY2025 1.28T CNY. Operating income FY2021 4.14B CNY. Operating income FY2022 19.72B CNY. Operating income FY2023 26.03B CNY. Operating income FY2024 38.74B CNY. Operating income FY2025 3.59B CNY. Net income FY2021 −3.56B CNY. Net income FY2022 10.38B CNY. Net income FY2023 24.17B CNY. Net income FY2024 41.36B CNY. Net income FY2025 19.12B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue1.28T CNY1.16T CNY1.08T CNY1.05T CNY951.59B CNY
Cost of goods sold1.07T CNY1.05T CNY989.52B CNY962.17B CNY881.58B CNY
Gross profit203.4B CNY113.44B CNY95.15B CNY84.06B CNY70.01B CNY
Research and development21.51B CNY17.03B CNY16.39B CNY16.89B CNY16.33B CNY
Selling, general, and administrative178.29B CNY56.84B CNY49.84B CNY48.83B CNY50.31B CNY
Operating expenses199.8B CNY74.71B CNY69.12B CNY64.34B CNY65.87B CNY
Interest income9.52B CNY9.58B CNY5.86B CNY4.14B CNY
Interest expense2.73B CNY2.95B CNY2.88B CNY2.15B CNY1.19B CNY
Depreciation and amortization9.25B CNY8.9B CNY8.29B CNY7.24B CNY6.23B CNY
Operating income3.59B CNY38.74B CNY26.03B CNY19.72B CNY4.14B CNY
Net income19.12B CNY41.36B CNY24.17B CNY10.38B CNY−3.56B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+22.60%
11 comparable reports
Latest EPS result
3.17
Estimate 2.81 · Beat by 12.81%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates4.573.131.690.25Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 6, 2025: actual 3.74, estimate 3.05, surprise +22.62%, Beat. Q2 2025, reported May 13, 2025: actual 4.25, estimate 3.57, surprise +19.05%, Beat. Q3 2025, reported Aug 14, 2025: actual 2.48, estimate 1.83, surprise +35.52%, Beat. Q4 2025, reported Nov 13, 2025: actual 1.87, estimate 1.36, surprise +37.50%, Beat. Q1 2026, reported Mar 5, 2026: actual 0.295, estimate 0.358, surprise -17.47%, Miss. Q2 2026, reported May 12, 2026: actual 2.6, estimate 1.83, surprise +42.08%, Beat. Q3 2026, reported Aug 13, 2026: actual 3.17, estimate 2.81, surprise +12.81%, Beat. Q4 2026, reported Nov 12, 2026: actual —, estimate 3.2, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates373.03B340.09B307.15B274.21BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 6, 2025: actual 349.76B CNY, estimate 330.92B CNY, surprise +5.69%, Beat. Q2 2025, reported May 13, 2025: actual 303.98B CNY, estimate 288.56B CNY, surprise +5.35%, Beat. Q3 2025, reported Aug 14, 2025: actual 355.4B CNY, estimate 334.01B CNY, surprise +6.40%, Beat. Q4 2025, reported Nov 13, 2025: actual 299.54B CNY, estimate 294.3B CNY, surprise +1.78%, Beat. Q1 2026, reported Mar 5, 2026: actual 358.69B CNY, estimate 352.27B CNY, surprise +1.82%, Beat. Q2 2026, reported May 12, 2026: actual 320.07B CNY, estimate 314.45B CNY, surprise +1.79%, Beat. Q3 2026, reported Aug 13, 2026: actual 349.03B CNY, estimate 342.56B CNY, surprise +1.89%, Beat. Q4 2026, reported Nov 12, 2026: actual —, estimate 311.45B CNY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

CN¥3.6407

2025 complete year-13.9% since 2022

2026 partial: CN¥3.4284

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Apr 8, 2026

CN¥3.4284

Annual

Record Apr 9, 2026 · Payment Apr 23, 2026

Dividend

Ex-dividend Apr 7, 2025

CN¥3.6407

Annual

Record Apr 8, 2025 · Payment Apr 23, 2025

Dividend

Ex-dividend Apr 3, 2024

CN¥2.7484

Annual

Record Apr 5, 2024 · Payment Apr 23, 2024

Dividend

Ex-dividend Apr 4, 2023

CN¥2.1321

Annual

Record Apr 6, 2023 · Payment Apr 27, 2023

Dividend

Ex-dividend May 19, 2022

CN¥4.2286

Special

Record May 20, 2022 · Payment Jun 8, 2022

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