JD.com, Inc. (JD) Revenue History
Annual and quarterly revenue from 2011 to present
JD Revenue Over Time (2011–2025)
JD Revenue Growth History
14 of 14 years with positive growth- FY2011 revenue growth
- N/A
- FY2012 revenue growth
- +95.8%
- FY2013 revenue growth
- +67.6%
- FY2014 revenue growth
- +65.9%
- FY2015 revenue growth
- +57.6%
- FY2016 revenue growth
- +43.5%
- FY2017 revenue growth
- +39.3%
- FY2018 revenue growth
- +27.5%
- FY2019 revenue growth
- +24.9%
- FY2020 revenue growth
- +29.3%
- FY2021 revenue growth
- +27.6%
- FY2022 revenue growth
- +9.9%
- FY2023 revenue growth
- +3.7%
- FY2024 revenue growth
- +6.8%
- FY2025 revenue growth
- +13.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $352.28B | +1.5% |
| Q3 2025 | $299.06B | +14.9% |
| Q2 2025 | $356.66B | +22.4% |
| Q1 2025 | $301.08B | +15.8% |
| Q4 2024 | $346.99B | +13.4% |
| Q3 2024 | $260.39B | +5.1% |
| Q2 2024 | $291.40B | +1.2% |
| Q1 2024 | $260.05B | +7.0% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
JD's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
JD Revenue Analysis (2011–2025)
Current Revenue & Growth
As of June 21, 2026, JD.com, Inc. (JD) generated trailing twelve-month (TTM) revenue of $1.31 trillion, reflecting modest growth of +1.5% year-over-year. The most recent quarter (Q4 2025) recorded $352.28 billion in revenue, up 17.8% sequentially.
Historical Growth Trajectory
JD's 5-year compound annual growth rate (CAGR) stands at +11.9%, indicating consistent double-digit revenue growth. The 3-year CAGR of +7.8% is below the 5-year average, signalling a growth deceleration in recent years. JD.com, Inc.'s highest annual revenue of $1.31 trillion was recorded in 2025, an all-time high.
Revenue by Segment
JD's revenue is primarily driven by Electronics And Home Appliance Products (46%), General Merchandise Products (32%), and Logistics And Other Services (14%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Consumer Cyclical sector peers — including BABA (+2.7% YoY), PDD (+9.7% YoY), and VIPS (-2.3% YoY) — JD has underperformed the peer group in revenue growth. Compare JD vs BABA →
JD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| JDCurrent | $1.31T | +1.5% | +11.9% | 0.2% | |
 BABA | $1.02T | +2.7% | +7.4% | 5.8% | |
 PDD | $431.8B | +9.7% | +48.7% | 21.6% | |
 VIPS | $105.9B | -2.3% | +0.8% | 7.7% | |
 BZUN | $9.7B | +5.1% | +1.8% | -0.0% | |
 AMZN | $716.9B | +14.2% | +13.2% | 11.2% |
JD Historical Revenue Data (2011–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.31T | +13.0% | $121.85B | 9.3% | $2.77B | 0.2% |
| 2024 | $1.16T | +6.8% | $113.44B | 9.8% | $38.74B | 3.3% |
| 2023 | $1.08T | +3.7% | $159.70B | 14.7% | $26.02B | 2.4% |
| 2022 | $1.05T | +9.9% | $147.07B | 14.1% | $19.72B | 1.9% |
| 2021 | $951.59B | +27.6% | $129.07B | 13.6% | $4.14B | 0.4% |
| 2020 | $745.80B | +29.3% | $109.11B | 14.6% | $12.34B | 1.7% |
| 2019 | $576.89B | +24.9% | $84.42B | 14.6% | $8.99B | 1.6% |
| 2018 | $462.02B | +27.5% | $65.95B | 14.3% | $-2,619,131,000 | -0.6% |
| 2017 | $362.33B | +39.3% | $50.81B | 14.0% | $-835,476,000 | -0.2% |
| 2016 | $260.12B | +43.5% | $39.42B | 15.2% | $-2,144,897,000 | -0.8% |
| 2015 | $181.29B | +57.6% | $24.28B | 13.4% | $-6,459,456,000 | -3.6% |
| 2014 | $115.00B | +65.9% | $13.37B | 11.6% | $-5,802,437,000 | -5.0% |
| 2013 | $69.34B | +67.6% | $6.84B | 9.9% | $-578,827,000 | -0.8% |
| 2012 | $41.38B | +95.8% | $3.48B | 8.4% | $-1,951,098,000 | -4.7% |
| 2011 | $21.13B | - | $1.15B | 5.5% | $-1,404,043,000 | -6.6% |
Full Stock Analysis
Deep dive into JD consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
15+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
JD — Frequently Asked Questions
Quick answers to the most common questions about buying JD stock.
Is JD's revenue growth accelerating or slowing?
JD revenue growth is slowing. TTM revenue is $1.3T, up +1.5% year-over-year — below the 5-year CAGR of +11.9%. The deceleration suggests maturing end-markets or increased competition.
What is JD's revenue history from 2011 to 2026?
JD.com, Inc. (JD) revenue history spans 2011 to 2026. TTM revenue as of 2026 is $1.3T, growing at +1.5% YoY. The 5-year CAGR is +11.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is JD's long-term revenue growth rate (CAGR)?
JD.com, Inc.'s 5-year revenue CAGR of +11.9% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +1.5% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for JD.
Why does JD's quarterly revenue fluctuate?
JD quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. JD.com, Inc.'s revenue data from 2011 to 2026 shows full historical quarterly detail on this page.
How is JD's revenue distributed by segment?
JD reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does JD's revenue compare to industry peers?
JD.com, Inc. (JD) with TTM revenue of $1.3T and +1.5% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.