JD.com, Inc. (JD) quarterly cash flow statement — complete operating, investing & financing history
JD.com, Inc. (JD) cash flow statement — 15-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 37.32B | 555M | 20.88B | -8.04B | 24.41B | -18.26B | 24.89B | -6.22B | 50.74B | -11.31B | 19.61B | 15B | 46.51B | -21.61B | 18.49B | 9.15B | 33.67B | -3.48B | 6.47B | 14.45B |
| Operating CF Margin % | 10.8% | 0.18% | 5.93% | -2.69% | 6.84% | -6.07% | 7.17% | -2.39% | 17.41% | -4.35% | 6.41% | 6.06% | 16.15% | -8.89% | 6.26% | 3.76% | 12.58% | -1.45% | 2.35% | 6.61% |
| Operating CF Growth % | 52.91% | 103.04% | -16.12% | -29.2% | -51.89% | -61.4% | 26.91% | -141.45% | 9.09% | 47.63% | 6.1% | 63.96% | 38.15% | -520% | 185.63% | -36.66% | 16.54% | 53.59% | 24.15% | 17.89% |
| Net Income | 7.11B | 5.1B | 798M | 5.28B | 6.18B | 10.89B | 9.85B | 11.73B | 12.64B | 7.37B | 3.39B | 7.94B | 6.58B | 6.26B | 3.03B | 5.96B | 4.38B | -2.99B | -5.17B | 0 |
| Depreciation & Amortization | 2.85B | 2.66B | 5.03B | 2.25B | 2.1B | 364M | 0 | 2B | 1.93B | 2.22B | 3.15B | 2.1B | 1.73B | 1.96B | 2.88B | 1.87B | 1.71B | 1.67B | 2.28B | 0 |
| Stock-Based Compensation | 0 | 913M | 1.14B | 1.16B | 1.66B | 767M | 0 | 778M | 666M | 759M | 980M | 1.37B | 977M | 1.47B | 2.14B | 1.98B | 1.58B | 1.85B | 3.02B | 0 |
| Deferred Taxes | 0 | 0 | -4.74B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -66M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 27.37B | -8.12B | 25.7B | -16.72B | 14.47B | -30.28B | 39.89B | -20.73B | 35.49B | 732M | -1.55B | 3.59B | 37.23B | -46.52B | 13.29B | -663M | 26B | -4.02B | 27.4B | 14.45B |
| Working Capital Changes | 0 | 0 | -7.04B | 0 | 0 | 0 | -24.85B | 0 | 0 | -22.39B | 13.65B | 0 | 0 | 15.21B | -2.84B | 0 | 0 | 0 | -21.06B | 0 |
| Change in Receivables | 0 | 0 | -3.07B | 0 | 0 | 0 | -4.55B | 0 | 0 | 2.55B | -310M | 0 | 0 | 4.84B | -7.2B | 0 | 0 | 0 | -5.63B | 0 |
| Change in Inventory | 0 | 0 | -5.78B | 0 | 0 | 0 | -21.83B | 0 | 0 | 430M | 10.97B | 0 | 0 | 15.57B | -2.27B | 0 | 0 | 0 | -16.8B | 0 |
| Change in Payables | 0 | 0 | -4.91B | 0 | 0 | 0 | 0 | 0 | 0 | -17.48B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -29.47B | -27.86B | 17.53B | -154M | 8.22B | 16.24B | -12.48B | 21.73B | -38.53B | 28.41B | -63.07B | 14.96B | -28.13B | 16.69B | -17.91B | -9.75B | -30.93B | 4.56B | -18.79B | -29.76B |
| Capital Expenditures | -5.51B | -5.06B | -5.84B | -2.6B | -3.03B | -2.32B | 0 | -5.36B | -3.32B | -2.88B | -8.69B | -4.99B | -3.61B | -2.91B | -5.49B | -5.31B | -5.46B | -3.58B | -2.95B | -6.97B |
| CapEx % of Revenue | 1.59% | 1.61% | 1.66% | 0.87% | 0.85% | 0.77% | 1.71% | 2.06% | 1.14% | 1.11% | 2.84% | 2.02% | 1.25% | 1.2% | 1.86% | 2.18% | 2.04% | 1.49% | 1.07% | 3.19% |
| Acquisitions | 0 | 0 | 841M | 0 | 0 | 0 | 0 | 0 | 0 | 70M | 0 | 0 | 0 | 0 | -15.68B | 0 | 0 | 0 | -321M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -23.96B | -22.79B | -33.74B | 2.44B | 11.25B | 18.56B | -12.48B | 27.08B | -35.21B | 224M | -54.38B | 19.96B | -24.52B | 19.6B | 3.27B | -4.45B | -25.47B | 8.14B | -15.52B | -22.79B |
| Cash from Financing | -19.72B | -5.45B | -15.01B | 8B | -12.44B | -7.29B | -2.78B | -1.81B | -8.97B | -7.45B | -745M | -4.49B | -1.83B | 1.25B | -4.24B | 4.03B | -11.31B | 12.7B | -3.43B | 6.08B |
| Debt Issued (Net) | 0 | 0 | 10.27B | 0 | 0 | 0 | 0 | 0 | 0 | 904M | 0 | 0 | 0 | 1.59B | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | -21.4B | 0 | 0 | 0 | -25.91B | 0 | 0 | -8.36B | -2.5B | 0 | 0 | -1.05B | -1.82B | 0 | 0 | 0 | -5.25B | 0 |
| Dividends Paid | 0 | 0 | -10.38B | 0 | 0 | 0 | -8.26B | 0 | 0 | 0 | -6.74B | 0 | 0 | 0 | -13.09B | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -21.43B | 0 | 0 | 0 | -25.91B | 0 | 0 | -8.36B | -2.5B | 0 | 0 | -1.05B | -1.82B | 0 | 0 | 0 | -5.25B | 0 |
| Other Financing | -19.72B | -5.45B | 6.5B | 8B | -12.44B | -7.29B | 31.39B | -1.81B | -8.97B | 14M | 8.49B | -4.49B | -1.83B | 713M | 10.68B | 4.03B | -11.31B | 12.7B | 1.82B | 6.08B |
| Net Change in Cash | -10.86B | -34.26B | 24.29B | -822M | 20.1B | -9.66B | 10.76B | 12.91B | 3.13B | 9.52B | -44.42B | 24.72B | 18.38B | -4.39B | -4.63B | 5.22B | -5.44B | 13.31B | -17.18B | -8.92B |
| Free Cash Flow | 31.82B | -4.51B | 14.65B | -10.63B | 21.38B | -20.59B | 18.94B | -11.58B | 47.42B | -14.2B | 10.92B | 10.01B | 42.9B | -24.82B | 12.99B | 3.85B | 28.21B | -7.06B | 3.52B | 7.48B |
| FCF Margin % | 9.21% | -1.44% | 4.16% | -3.55% | 5.99% | -6.84% | 5.46% | -4.45% | 16.27% | -5.46% | 3.57% | 4.04% | 14.9% | -10.22% | 4.4% | 1.58% | 10.54% | -2.95% | 1.28% | 3.42% |
| FCF Growth % | 48.83% | 78.1% | -22.68% | 8.17% | -54.92% | -45.02% | 73.39% | -215.64% | 10.52% | 42.81% | -15.92% | 160.36% | 52.1% | -251.41% | 268.81% | -48.6% | 7.53% | 35.6% | 214.93% | -27.4% |
| FCF per Share | 22.60 | -3.15 | 9.84 | -7.16 | 14.40 | -13.57 | 12.46 | -7.63 | 30.74 | -9.03 | 6.90 | 6.32 | 27.10 | -15.61 | 8.18 | 2.42 | 17.76 | -4.53 | 2.27 | 4.69 |
| FCF Conversion (FCF/Net Income) | 5.25x | 0.11x | -7.70x | -1.52x | 3.95x | -1.68x | 2.53x | -0.53x | 4.01x | -1.59x | 5.79x | 1.89x | 7.07x | -3.45x | 6.10x | 1.53x | 7.69x | 1.17x | -1.25x | -5.16x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.81B | 0 | 0 | 485M | 0 | 0 | 0 | 0 | 1.22B | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.56B | 0 | 0 | 0 | 2.35B | 0 | 0 | 0 | 0 | 0 | 0 |