JD.com, Inc. logo

JD.com, Inc.

JD

NASDAQConsumer CyclicalSpecialty Retail

Previous close

$29.37

−$0.04 · -0.14%

Aug 21, 4:00 PM ET

JD company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

78

Undervalued

Momentum

38

Weakening

Sentiment

63

Bullish

Risk resilience

71

Moderate Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

JD.com, Inc. is a prominent technology and service provider based in the People's Republic of China, distinguished by its robust, supply chain-centric operations. The company's retail segment offers a comprehensive array of products. This includes computing devices, communication equipment, and various consumer electronics, alongside a broad selection of home appliances. Beyond these, JD.com provides an extensive general merchandise category, covering everything from groceries (food, beverages, fresh produce) and daily essentials (baby and maternity items, furniture, household goods, personal care, cosmetics, pharmaceuticals, health products) to specialized goods (industrial products, books, automotive accessories, apparel, footwear, bags, and jewelry). Additionally, the firm extends a variety of services, such as hosting an online marketplace for external vendors, delivering marketing solutions, providing omni-channel retail strategies for both consumers and traditional brick-and-mortar stores, and offering online healthcare services. JD.com also plays a significant role in infrastructure, developing, owning, and managing its own logistics facilities and other real estate assets. These capabilities not only support its internal operations but also serve third parties through asset management services, an integrated service platform, and the leasing and management of storage facilities. Beyond consumer and retail services, the company offers integrated industry solutions encompassing data analytics, technology, business operations, and user management, all designed to facilitate the digital transformation of various enterprises and institutions. It also delivers advanced, technology-driven supply chain and logistics services. Incorporated in 2006, JD.com, Inc. is headquartered in Beijing, the People's Republic of China. The company was formerly known as 360buy Jingdong Inc. until it officially changed its name to JD.com, Inc. in January 2014.

Industry
Specialty Retail
Sector
Consumer Cyclical
Headquarters
CN
CEO
Ran Xu
Listed since
May 22, 2014
Employees
900,000

Market position

Day range

Current $29.37

52-week range

Current $29.37

Open
$29.555
Previous close
$29.41
Volume
5.22M
0.57× average
Average volume
9.11M
Average daily volume
Market cap
41.23B USD
Beta
0.36
Market reference 1
50-day average
$29.24
+0.44% above average
200-day average
$29.2663
+0.35% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
243.13B CNY
P/E (TTM)
17.97×
P/B (TTM)
1.19×
P/S (TTM)
0.2×
EV / EBITDA
6.6×
Earnings yield
6.87%
Free cash flow yield
1.68%
Dividend yield
3.47%

Profitability & efficiency

Gross margin
14.66%
Operating margin
0.20%
Net margin
1.13%
Return on equity
8.72%
Return on assets
2.82%
Return on invested capital
0.62%

Financial health

Debt / equity
0.48×
Current ratio
1.22×
Altman Z-score
2.35
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends16%10%4%-2%Gross margin, FY2021: 13.56%Gross margin, FY2022: 14.06%Gross margin, FY2023: 14.72%Gross margin, FY2024: 9.79%Gross margin, FY2025: 9.31%Operating margin, FY2021: 0.44%Operating margin, FY2022: 1.89%Operating margin, FY2023: 2.40%Operating margin, FY2024: 3.34%Operating margin, FY2025: 0.21%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 13.56%. Gross margin FY2022 14.06%. Gross margin FY2023 14.72%. Gross margin FY2024 9.79%. Gross margin FY2025 9.31%. Operating margin FY2021 0.44%. Operating margin FY2022 1.89%. Operating margin FY2023 2.40%. Operating margin FY2024 3.34%. Operating margin FY2025 0.21%. 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

1.31T CNY+12.97%

Operating income

2.77B CNY-92.84%

Net income

19.63B CNY-52.54%
Income trends across reported periods1.44T CNY915.29B CNY390.23B CNY−134.82B CNYRevenue, FY2021: 951.59B CNYRevenue, FY2022: 1.05T CNYRevenue, FY2023: 1.08T CNYRevenue, FY2024: 1.16T CNYRevenue, FY2025: 1.31T CNYOperating income, FY2021: 4.14B CNYOperating income, FY2022: 19.72B CNYOperating income, FY2023: 26.03B CNYOperating income, FY2024: 38.74B CNYOperating income, FY2025: 2.77B CNYNet income, FY2021: −3.56B CNYNet income, FY2022: 10.38B CNYNet income, FY2023: 24.17B CNYNet income, FY2024: 41.36B CNYNet income, FY2025: 19.63B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 951.59B CNY. Revenue FY2022 1.05T CNY. Revenue FY2023 1.08T CNY. Revenue FY2024 1.16T CNY. Revenue FY2025 1.31T 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 2.77B 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 19.63B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue1.31T CNY1.16T CNY1.08T CNY1.05T CNY951.59B CNY
Cost of goods sold1.19T CNY1.05T CNY924.96B CNY899.16B CNY822.53B CNY
Gross profit121.85B CNY113.44B CNY159.7B CNY147.07B CNY129.07B CNY
Research and development22.23B CNY17.03B CNY16.39B CNY16.89B CNY16.33B CNY
Selling, general, and administrative95.93B CNY56.84B CNY49.84B CNY48.83B CNY50.31B CNY
Operating expenses119.08B CNY74.71B CNY133.68B CNY127.35B CNY124.93B CNY
Interest income9.35B CNY9.58B CNY5.74B CNY4.21B CNY
Interest expense2.8B CNY2.9B CNY2.88B CNY2.11B CNY1.21B CNY
Depreciation and amortization8.7B CNY7.79B CNY8.29B CNY7.24B CNY6.23B CNY
Operating income2.77B CNY38.74B CNY26.03B CNY19.72B CNY4.14B CNY
Net income19.63B CNY41.36B CNY24.17B CNY10.38B CNY−3.56B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+21.65%
11 comparable reports
Latest EPS result
0.93
Estimate 0.86 · Beat by 8.14%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.250.850.460.06Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 6, 2025: actual 1.02, estimate 0.9, surprise +13.33%, Beat. Q2 2025, reported May 13, 2025: actual 1.16, estimate 1.05, surprise +10.48%, Beat. Q3 2025, reported Aug 14, 2025: actual 0.69, estimate 0.5, surprise +38.00%, Beat. Q4 2025, reported Nov 13, 2025: actual 0.52, estimate 0.46, surprise +13.04%, Beat. Q1 2026, reported Mar 5, 2026: actual 0.08, estimate 0.07, surprise +14.29%, Beat. Q2 2026, reported May 12, 2026: actual 0.74, estimate 0.57, surprise +29.82%, Beat. Q3 2026, reported Aug 13, 2026: actual 0.93, estimate 0.86, surprise +8.14%, Beat. Q4 2026, reported Nov 12, 2026: actual —, estimate 0.964, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates53.02B48.06B43.09B38.12BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 6, 2025: actual 47.52B USD, estimate 40.16B USD, surprise +18.33%, Beat. Q2 2025, reported May 13, 2025: actual 41.35B USD, estimate 40.31B USD, surprise +2.58%, Beat. Q3 2025, reported Aug 14, 2025: actual 49.74B USD, estimate 46.73B USD, surprise +6.43%, Beat. Q4 2025, reported Nov 13, 2025: actual 42B USD, estimate 49.69B USD, surprise -15.47%, Miss. Q1 2026, reported Mar 5, 2026: actual 50.36B USD, estimate 50.26B USD, surprise +0.20%, Beat. Q2 2026, reported May 12, 2026: actual 45.75B USD, estimate 45.16B USD, surprise +1.32%, Beat. Q3 2026, reported Aug 13, 2026: actual 50.98B USD, estimate 50.38B USD, surprise +1.19%, Beat. Q4 2026, reported Nov 12, 2026: actual —, estimate 46.34B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$34.78

18.42% upside
Past 12 months12-month forecastHigh $43.00Average $34.78Low $22.00

Rating distribution

46 ratings
Strong buy00%
Buy3270%
Hold1328%
Sell12%
Strong sell00%

Recent analyst actions

12 institutions
Freedom BrokermaintainBuy

JD news

Corporate actions

Annual dividends per share

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

$1.00

2025 complete year-20.6% since 2022

2026 partial: $1.00

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Apr 9, 2026

$1.00

Annual

Record Apr 9, 2026 · Payment Apr 29, 2026

Dividend

Ex-dividend Apr 8, 2025

$1.00

Annual

Record Apr 8, 2025 · Payment Apr 29, 2025

Dividend

Ex-dividend Apr 4, 2024

$0.76

Annual

Record Apr 5, 2024 · Payment Apr 29, 2024

Dividend

Ex-dividend Apr 5, 2023

$0.62

Annual

Record Apr 6, 2023 · Payment May 4, 2023

Dividend

Ex-dividend May 19, 2022

$1.26

Special

Record May 20, 2022 · Payment Jun 14, 2022

JD peers

ETFs holding JD

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research JD

research.disclaimer