Vipshop Holdings Limited logo

Vipshop Holdings Limited

VIPS

NYSEConsumer CyclicalSpecialty Retail

Previous close

$14.53

+$0.23 · +1.61%

Aug 21, 4:00 PM ET

Pre-market

$14.69

+$0.16 · +1.10%

Aug 24, 5:47 AM ET

VIPS 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

97

Deep Value

Momentum

33

Weakening

Sentiment

53

Mixed

Risk resilience

63

Moderate Risk

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Company profile

Company website

Vipshop Holdings Limited (VIPS) functions as a leading online retail enterprise within the People's Republic of China. The company operates a collection of e-commerce platforms, notably Vip.com and Shan Shan Outlets, through which it delivers a wide variety of branded merchandise to consumers. Its extensive product offerings span numerous categories. In the realm of fashion, Vipshop provides a broad assortment of apparel for women (including casual wear, dresses, and intimate apparel), men (featuring casual and smart-casual attire), and children (encompassing clothing, accessories, toys, and nursery essentials). The inventory also includes a comprehensive range of beauty products, such as skincare and cosmetics, alongside diverse footwear and bags suitable for various occasions, from everyday use to travel. Beyond personal items, the company supplies household goods like furnishings, decor, kitchenware, and appliances, as well as consumer electronics, sporting equipment, groceries (including food, beverages, and fresh produce), and pet supplies. Furthermore, Vipshop extends its services into internet finance, providing options like consumer and supplier financing, and microcredit. Customers can access these branded products and financial offerings through its primary digital channels, vip.com and vipshop.com, which are available via both web browsers and dedicated mobile applications. The company's operations are underpinned by a robust suite of supporting services. These include warehousing and logistics management, product procurement, research and development, technology infrastructure support, software development, IT solutions, and comprehensive supply chain management. Founded in 2008, Vipshop Holdings Limited is headquartered in Guangzhou, China.

Industry
Specialty Retail
Sector
Consumer Cyclical
Headquarters
CN
CEO
Ya Shen
Listed since
Mar 23, 2012
Employees
15,145

Market position

Day range

Current $14.53

52-week range

Current $14.53

Open
$14.41
Previous close
$14.30
Volume
2.17M
0.95× average
Average volume
2.28M
Average daily volume
Market cap
7.15B USD
Beta
0.66
Market reference 1
50-day average
$14.2166
+2.20% above average
200-day average
$16.1731
-10.16% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
45.64B CNY
P/E (TTM)
6.42×
P/B (TTM)
1.14×
P/S (TTM)
0.45×
EV / EBITDA
4.26×
Earnings yield
11.44%
Free cash flow yield
0.00%
Dividend yield
4.27%

Profitability & efficiency

Gross margin
23.44%
Operating margin
7.71%
Net margin
7.06%
Return on equity
17.66%
Return on assets
9.19%
Return on invested capital
12.15%

Financial health

Debt / equity
0.17×
Current ratio
1.28×
Altman Z-score
2.68
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends25%18%10%2%Gross margin, FY2021: 19.74%Gross margin, FY2022: 20.96%Gross margin, FY2023: 22.79%Gross margin, FY2024: 23.49%Gross margin, FY2025: 23.12%Operating margin, FY2021: 4.77%Operating margin, FY2022: 6.01%Operating margin, FY2023: 8.07%Operating margin, FY2024: 8.46%Operating margin, FY2025: 7.68%Net margin, FY2021: 4.00%Net margin, FY2022: 6.11%Net margin, FY2023: 7.19%Net margin, FY2024: 7.14%Net margin, FY2025: 6.84%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 19.74%. Gross margin FY2022 20.96%. Gross margin FY2023 22.79%. Gross margin FY2024 23.49%. Gross margin FY2025 23.12%. Operating margin FY2021 4.77%. Operating margin FY2022 6.01%. Operating margin FY2023 8.07%. Operating margin FY2024 8.46%. Operating margin FY2025 7.68%. Net margin FY2021 4.00%. Net margin FY2022 6.11%. Net margin FY2023 7.19%. Net margin FY2024 7.14%. Net margin FY2025 6.84%.

Income trends

Revenue

105.92B CNY-2.31%

Operating income

8.14B CNY-11.31%

Net income

7.24B CNY-6.43%
Income trends across reported periods128.3B CNY83.35B CNY38.39B CNY−6.56B CNYRevenue, FY2021: 117.06B CNYRevenue, FY2022: 103.15B CNYRevenue, FY2023: 112.86B CNYRevenue, FY2024: 108.42B CNYRevenue, FY2025: 105.92B CNYOperating income, FY2021: 5.58B CNYOperating income, FY2022: 6.2B CNYOperating income, FY2023: 9.1B CNYOperating income, FY2024: 9.17B CNYOperating income, FY2025: 8.14B CNYNet income, FY2021: 4.68B CNYNet income, FY2022: 6.3B CNYNet income, FY2023: 8.12B CNYNet income, FY2024: 7.74B CNYNet income, FY2025: 7.24B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 117.06B CNY. Revenue FY2022 103.15B CNY. Revenue FY2023 112.86B CNY. Revenue FY2024 108.42B CNY. Revenue FY2025 105.92B CNY. Operating income FY2021 5.58B CNY. Operating income FY2022 6.2B CNY. Operating income FY2023 9.1B CNY. Operating income FY2024 9.17B CNY. Operating income FY2025 8.14B CNY. Net income FY2021 4.68B CNY. Net income FY2022 6.3B CNY. Net income FY2023 8.12B CNY. Net income FY2024 7.74B CNY. Net income FY2025 7.24B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue105.92B CNY108.42B CNY112.86B CNY103.15B CNY117.06B CNY
Cost of goods sold81.43B CNY82.95B CNY87.14B CNY81.54B CNY93.95B CNY
Gross profit24.49B CNY25.47B CNY25.72B CNY21.62B CNY23.11B CNY
Research and development1.76B CNY1.89B CNY1.77B CNY1.61B CNY1.52B CNY
Selling, general, and administrative15.66B CNY15.32B CNY15.49B CNY14.3B CNY16.87B CNY
Operating expenses16.35B CNY16.3B CNY16.62B CNY15.42B CNY17.52B CNY
Interest income779.75M CNY809.79M CNY780.29M CNY764.02M CNY671.46M CNY
Interest expense87.58M CNY57.68M CNY22.93M CNY24.26M CNY14.46M CNY
Depreciation and amortization1.42B CNY1.42B CNY1.3B CNY1.23B CNY1.11B CNY
Operating income8.14B CNY9.17B CNY9.1B CNY6.2B CNY5.58B CNY
Net income7.24B CNY7.74B CNY8.12B CNY6.3B CNY4.68B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
60%
6 beats, 2 misses, 2 met estimates
Average EPS surprise
+3.54%
10 comparable reports
Latest EPS result
0.68
Estimate 0.68 · Met by 0.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.850.690.540.38Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26MetQ3 '26EstimateQ4 '26Estimate
Q1 2025, reported Feb 26, 2025: actual 0.78, estimate 0.7, surprise +11.43%, Beat. Q2 2025, reported May 20, 2025: actual 0.61, estimate 0.66, surprise -7.58%, Miss. Q3 2025, reported Aug 14, 2025: actual 0.57, estimate 0.56, surprise +1.79%, Beat. Q4 2025, reported Nov 20, 2025: actual 0.42, estimate 0.43, surprise -2.33%, Miss. Q1 2026, reported Feb 26, 2026: actual 0.81, estimate 0.78, surprise +3.85%, Beat. Q2 2026, reported May 21, 2026: actual 0.68, estimate 0.68, surprise 0.00%, Met estimate. Q3 2026, reported Aug 25, 2026: actual —, estimate 0.59, surprise —, Comparison unavailable. Q4 2026, reported Nov 24, 2026: actual —, estimate 0.464, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates4.96B4.22B3.48B2.74BQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26EstimateQ4 '26Estimate
Q1 2025, reported Feb 26, 2025: actual 4.55B USD, estimate 3.82B USD, surprise +19.09%, Beat. Q2 2025, reported May 20, 2025: actual 3.61B USD, estimate 3.68B USD, surprise -1.99%, Miss. Q3 2025, reported Aug 14, 2025: actual 3.6B USD, estimate 2.93B USD, surprise +22.92%, Beat. Q4 2025, reported Nov 20, 2025: actual 3B USD, estimate 4.7B USD, surprise -36.16%, Miss. Q1 2026, reported Feb 26, 2026: actual 4.64B USD, estimate 4.77B USD, surprise -2.62%, Miss. Q2 2026, reported May 21, 2026: actual 3.85B USD, estimate 3.85B USD, surprise +0.07%, Beat. Q3 2026, reported Aug 25, 2026: actual —, estimate 3.64B USD, surprise —, Comparison unavailable. Q4 2026, reported Nov 24, 2026: actual —, estimate 3.12B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$18.50

27.32% upside
Past 12 months12-month forecast

Price history unavailable

High $18.50Average $18.50Low $18.50

Rating distribution

28 ratings
Strong buy00%
Buy1554%
Hold1243%
Sell14%
Strong sell00%

Recent analyst actions

8 institutions
B of A SecuritiesmaintainBuy
CLSAdowngradeOutperformHold
Morgan StanleymaintainEqual Weight
HSBCmaintainHold

VIPS news

Corporate actions

Annual dividends per share

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

$0.48

2025 complete year+11.6% since 2024

2026 partial: $0.62

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Apr 10, 2026

$0.62

Annual

Record Apr 10, 2026 · Payment Apr 24, 2026

Dividend

Ex-dividend Apr 11, 2025

$0.48

Annual

Record Apr 11, 2025 · Payment Apr 25, 2025

Dividend

Ex-dividend Mar 14, 2024

$0.43

Annual

Record Mar 15, 2024 · Payment Apr 8, 2024

VIPS peers

ETFs holding VIPS

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

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