JD.com, Inc. (JD) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q2'21 | Q1'21 |
|---|
| Sales/Revenue | 352.28B | 299.06B | 356.66B | 301.08B | 346.99B | 260.39B | 291.4B | 260.05B | 306.08B | 247.7B | 287.93B | 242.96B | 295.45B | 243.53B | 267.6B | 239.66B | 275.91B | 218.71B | 253.8B | 203.18B |
| Revenue Growth % | 1.53% | 14.85% | 22.4% | 15.78% | 13.37% | 5.12% | 1.2% | 7.04% | 3.6% | 1.71% | 7.6% | 1.38% | 7.08% | 11.35% | 5.44% | 17.95% | 22.99% | 25.54% | 26.23% | 38.97% |
| Cost of Goods Sold | 363.39B | 270.59B | 300.02B | 253.23B | 313.99B | 231.62B | 245.46B | 220.7B | 262.57B | 208.95B | 263.18B | 222.31B | 270.77B | 221.69B | 231.71B | 206.21B | 238.79B | 187.62B | 222.07B | 174.05B |
| COGS % of Revenue | 103.15% | 90.48% | 84.12% | 84.11% | 90.49% | 88.95% | 84.24% | 84.87% | 85.79% | 84.36% | 91.4% | 91.5% | 91.65% | 91.03% | 86.59% | 86.04% | 86.55% | 85.78% | 87.5% | 85.67% |
| Gross Profit | -11.11B | 28.47B | 56.64B | 47.85B | 33B | 28.77B | 45.94B | 39.35B | 43.5B | 38.75B | 24.75B | 20.65B | 24.67B | 21.84B | 35.89B | 33.45B | 37.12B | 31.09B | 31.73B | 29.12B |
| Gross Margin % | -3.15% | 9.52% | 15.88% | 15.89% | 9.51% | 11.05% | 15.76% | 15.13% | 14.21% | 15.64% | 8.6% | 8.5% | 8.35% | 8.97% | 13.41% | 13.96% | 13.45% | 14.22% | 12.5% | 14.33% |
| Gross Profit Growth % | -133.66% | -1.02% | 23.3% | 21.6% | -24.15% | -25.77% | 85.58% | 90.58% | 76.31% | 77.42% | -31.04% | -38.27% | -33.53% | -29.75% | 13.13% | 14.85% | 19.2% | 16.04% | 10.8% | 29.23% |
| Operating Expenses | -5.26B | 29.52B | 57.5B | 37.31B | 24.5B | 16.72B | 35.44B | 31.65B | 41.48B | 29.45B | 16.48B | 14.22B | 19.85B | 13.11B | 32.14B | 31.04B | 37.51B | 28.52B | 31.43B | 27.46B |
| OpEx % of Revenue | -1.49% | 9.87% | 16.12% | 12.39% | 7.06% | 6.42% | 12.16% | 12.17% | 13.55% | 11.89% | 5.73% | 5.85% | 6.72% | 5.38% | 12.01% | 12.95% | 13.6% | 13.04% | 12.38% | 13.52% |
| Selling, General & Admin | 28.86B | 24.04B | 30.28B | 12.75B | 19.29B | 12.32B | 14B | 11.09B | 15.49B | 10.43B | 13.42B | 10.51B | 15.63B | 10.23B | 11.8B | 11.17B | 17.1B | 10.82B | 13.17B | 9.21B |
| SG&A % of Revenue | 8.19% | 8.04% | 8.49% | 4.23% | 5.56% | 4.73% | 4.8% | 4.26% | 5.06% | 4.21% | 4.66% | 4.32% | 5.29% | 4.2% | 4.41% | 4.66% | 6.2% | 4.95% | 5.19% | 4.53% |
| Research & Development | 6.66B | 5.65B | 5.3B | 4.62B | 4.38B | 4.4B | 4.22B | 4.03B | 4.34B | 3.79B | 4.07B | 4.19B | 4.37B | 4.12B | 4.03B | 4.38B | 4.11B | 4B | 3.69B | 4.53B |
| R&D % of Revenue | 1.89% | 1.89% | 1.49% | 1.53% | 1.26% | 1.69% | 1.45% | 1.55% | 1.42% | 1.53% | 1.41% | 1.72% | 1.48% | 1.69% | 1.5% | 1.83% | 1.49% | 1.83% | 1.46% | 2.23% |
| Other Operating Expenses | -1000K | -1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | -5.85B | -1.05B | -859M | 10.53B | 8.49B | 12.04B | 10.5B | 7.7B | 2.02B | 9.3B | 8.27B | 6.43B | 4.83B | 8.73B | 3.76B | 2.41B | -391.94M | 2.57B | 301M | 1.66B |
| Operating Margin % | -1.66% | -0.35% | -0.24% | 3.5% | 2.45% | 4.63% | 3.6% | 2.96% | 0.66% | 3.76% | 2.87% | 2.65% | 1.63% | 3.58% | 1.4% | 1.01% | -0.14% | 1.18% | 0.12% | 0.82% |
| Operating Income Growth % | -168.88% | -108.73% | -108.18% | 36.79% | 319.31% | 29.46% | 26.98% | 19.81% | -58.06% | 6.59% | 120.06% | 166.79% | 1331.83% | 239.35% | 1148.5% | 45.12% | -165.88% | -41.32% | -94.03% | -28.46% |
| EBITDA | -3.8B | 1.2B | 1.24B | 12.82B | 11.55B | 14.04B | 12.44B | 9.92B | 5.17B | 11.1B | 10B | 8.39B | 7.69B | 10.27B | 5.47B | 4.08B | 1.18B | 3.87B | 1.28B | 3.33B |
| EBITDA Margin % | -1.08% | 0.4% | 0.35% | 4.26% | 3.33% | 5.39% | 4.27% | 3.81% | 1.69% | 4.48% | 3.47% | 3.45% | 2.6% | 4.21% | 2.04% | 1.7% | 0.43% | 1.77% | 0.5% | 1.64% |
| EBITDA Growth % | -132.85% | -91.43% | -90% | 29.3% | 123.33% | 26.56% | 24.39% | 18.24% | -32.73% | 8.09% | 82.73% | 105.51% | 554.04% | 165.11% | 327.42% | 22.59% | -48.74% | -34.42% | -76.03% | -10.66% |
| D&A (Non-Cash Add-back) | 2.05B | 2.25B | 2.1B | 2.29B | 3.06B | 2B | 1.93B | 2.22B | 3.15B | 1.79B | 1.73B | 1.96B | 2.86B | 1.54B | 1.71B | 1.67B | 1.57B | 1.3B | 0 | 1.67B |
| EBIT | 209M | 6.63B | 7.34B | 13.94B | 9.32B | 4.28B | 16.3B | 9.67B | 4.23B | 11.51B | 7.26B | 5.96B | 4.68B | 7.5B | 5.74B | -2.57B | -4.69B | 1.99B | 1.28B | 1.58B |
| Net Interest Income | -830M | -730M | -643M | -600M | -926M | -681M | -688M | 1.99B | 8.65B | -710M | -654M | 1.46B | 5.04B | -579M | -484M | -345M | -69.94M | -276M | -233M | -258M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.59B | 8.65B | 0 | 0 | 2.05B | 5.04B | 0 | 0 | 0 | - | 139K | 0 | 0 |
| Interest Expense | 830M | 730M | 643M | 600M | 926M | 681M | 688M | 601M | 0 | 710M | 654M | 590M | 0 | 579M | 484M | 345M | 69.94M | 276.14M | 232.32M | 257.82M |
| Other Income/Expense | 4.5B | 7.68B | 7.56B | 2.81B | 3.12B | 3.2B | 5.12B | 1.36B | 1.28B | 1.5B | 1.46B | 1.38B | -1.01B | -1.02B | 1.5B | -5.32B | -4.74B | -5.19B | 746M | 2.46B |
| Pretax Income | -1.35B | 6.63B | 6.7B | 13.34B | 11.61B | 15.24B | 15.62B | 9.06B | 3.31B | 10.8B | 9.73B | 7.81B | 3.82B | 7.71B | 5.26B | -2.92B | -5.13B | -2.62B | 1.05B | 4.12B |
| Pretax Margin % | -0.38% | 2.22% | 1.88% | 4.43% | 3.35% | 5.85% | 5.36% | 3.49% | 1.08% | 4.36% | 3.38% | 3.21% | 1.29% | 3.17% | 1.96% | -1.22% | -1.86% | -1.2% | 0.41% | 2.03% |
| Income Tax | -124M | 252M | -10M | 2.06B | 750M | 2.41B | 2.02B | 1.7B | 1.39B | 2.58B | 2.81B | 1.61B | 595M | 1.75B | 1.23B | 603M | 185.69M | 653M | 569M | 480M |
| Effective Tax Rate % | 9.18% | 3.8% | -0.15% | 15.46% | 6.46% | 15.78% | 12.95% | 18.75% | 42.17% | 23.88% | 28.88% | 20.61% | 15.59% | 22.71% | 23.34% | -20.69% | -3.62% | -24.96% | 54.35% | 11.64% |
| Net Income | -2.71B | 5.28B | 6.18B | 10.89B | 9.85B | 11.73B | 12.64B | 7.13B | 3.39B | 7.94B | 6.58B | 6.26B | 3.03B | 5.96B | 4.38B | -2.99B | -5.18B | -2.8B | 798M | 3.62B |
| Net Margin % | -0.77% | 1.76% | 1.73% | 3.62% | 2.84% | 4.51% | 4.34% | 2.74% | 1.11% | 3.2% | 2.29% | 2.58% | 1.03% | 2.45% | 1.64% | -1.25% | -1.88% | -1.28% | 0.31% | 1.78% |
| Net Income Growth % | -127.53% | -55.03% | -51.14% | 52.73% | 190.76% | 47.82% | 92.13% | 13.88% | 11.77% | 33.09% | 50.29% | 309.33% | 158.57% | 312.81% | 448.75% | -182.62% | -121.28% | -137.05% | -95.15% | 237.18% |
| Net Income (Continuing) | -1.23B | 6.38B | 6.71B | 11.28B | 10.86B | 12.84B | 13.59B | 7.37B | 1.91B | 8.22B | 6.92B | 6.2B | 3.22B | 5.96B | 4.03B | -3.52B | -5.32B | -3.27B | 478M | 3.64B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 68.79B | 72.49B | 70.13B | 74.35B | 73.95B | 68.13B | 67.19B | 65.58B | 64.52B | 66.19B | 9.02B | 9.09B | 60.76B | 8.32B | 7.56B | 7.78B | 5.94B | 5.24B | 5.05B | 5.71B |
| EPS (Diluted) | -1.80 | 3.38 | 4.14 | 7.18 | 6.48 | 7.74 | 8.20 | 4.54 | 2.14 | 5.00 | 4.16 | 3.94 | 1.90 | 3.74 | 2.76 | -1.92 | -3.32 | -1.76 | 0.50 | 2.26 |
| EPS Growth % | -127.78% | -56.33% | -49.51% | 58.15% | 202.8% | 54.8% | 97.12% | 15.23% | 12.63% | 33.69% | 50.72% | 305.21% | 157.23% | 312.5% | 452% | -184.96% | -121.87% | -137.13% | -95.38% | 213.89% |
| EPS (Basic) | -1.80 | 3.72 | 4.34 | 7.52 | 6.78 | 8.04 | 8.40 | 4.56 | 2.16 | 5.04 | 4.18 | 3.98 | 1.92 | 3.82 | 2.80 | -1.92 | -3.32 | -1.80 | 0.52 | 2.34 |
| Diluted Shares Outstanding | 1.49B | 1.48B | 1.49B | 1.52B | 1.52B | 1.52B | 1.54B | 1.57B | 1.58B | 1.58B | 1.58B | 1.59B | 1.59B | 1.59B | 1.59B | 1.56B | 1.56B | 1.59B | 1.59B | 1.6B |
| Basic Shares Outstanding | 1.42B | 1.56B | 1.42B | 1.45B | 1.53B | 1.46B | 1.51B | 1.56B | 1.57B | 1.57B | 1.57B | 1.57B | 1.57B | 1.56B | 1.56B | 1.56B | 1.56B | 1.55B | 1.55B | 1.55B |
| Dividend Payout Ratio | - | - | - | - | 83.85% | - | - | - | 198.91% | - | - | - | 365.67% | - | - | - | - | - | - | - |