Last 15 quarters of trend data · Consumer Cyclical · Specialty Retail
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Vipshop Holdings Limited's quarterly P/E stands at 1.3x, up 38.6% year-over-year — indicating the stock has re-rated higher or earnings have softened.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 6.91 | 1.29 | 1.05 | 0.72 | 2.00 | 0.93 | 0.99 | 0.83 | 1.83 | 1.10 | 1.20 | 0.93 | 0.78 |
| — | +38.6% | +6.5% | -13.5% | +9.2% | -15.2% | -17.6% | -10.9% | +134.7% | -45.1% | -44.7% | -58.1% | — | |
| P/S Ratio | 0.49 | 0.07 | 0.08 | 0.05 | 0.11 | 0.07 | 0.08 | 0.07 | 0.10 | 0.08 | 0.08 | 0.07 | 0.06 |
| — | +11.3% | -6.2% | -25.2% | +8.5% | -18.9% | +2.4% | +7.8% | +60.0% | -39.5% | -30.5% | -53.8% | — | |
| P/B Ratio | 1.29 | 0.19 | 0.20 | 0.17 | 0.22 | 0.18 | 0.24 | 0.25 | 0.25 | 0.27 | 0.27 | 0.24 | 0.15 |
| — | +3.1% | -17.2% | -33.5% | -11.5% | -33.6% | -11.1% | +4.0% | +63.4% | -58.9% | -34.5% | -55.0% | — | |
| P/FCF | 9.60 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 2.86 | -1.12 | -1.43 | -1.25 | -1.07 | -1.04 | -1.06 | -0.83 | -1.14 | -0.76 | -0.79 | -0.87 | -1.29 |
| — | -7.7% | -35.0% | -51.3% | +6.2% | -37.6% | -35.1% | +5.0% | +11.4% | -183.7% | -177.0% | -148.9% | — | |
| EV / EBIT | 3.31 | -1.21 | -1.66 | -1.51 | -1.33 | -1.19 | -0.99 | -0.90 | -1.34 | -0.70 | -0.80 | -0.79 | -0.93 |
| — | -0.9% | -68.0% | -66.6% | +0.4% | -70.3% | -22.6% | -13.7% | -43.7% | -176.7% | -178.3% | -157.6% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Vipshop Holdings Limited's operating margin was 6.6% in Q2 2025, down 2.1 pp QoQ and down 1.7 pp YoY.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.5% | 23.5% | 23.2% | 23.0% | 24.0% | 23.6% | 23.7% | 23.7% | 23.6% | 22.2% | 21.4% | 21.7% | 21.7% |
| — | -0.6% | -2.2% | -3.3% | +1.4% | +6.1% | +10.4% | +9.3% | +9.1% | +1.4% | +1.8% | +6.1% | — | |
| Operating Margin | 8.5% | 6.6% | 8.7% | 8.6% | 6.4% | 8.3% | 10.0% | 10.6% | 6.7% | 6.9% | 7.2% | 7.9% | 5.3% |
| — | -20.8% | -13.2% | -18.9% | -4.5% | +20.8% | +38.4% | +33.9% | +28.0% | -5.0% | +33.9% | +53.6% | — | |
| Net Margin | 7.1% | 5.8% | 7.4% | 7.4% | 5.1% | 7.2% | 8.4% | 8.5% | 5.3% | 7.5% | 6.8% | 7.0% | 7.8% |
| — | -19.7% | -11.7% | -13.5% | -4.7% | -4.5% | +24.1% | +21.0% | -32.0% | +10.3% | +25.7% | +10.3% | — |
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.3% | 3.6% | 4.7% | 6.1% | 2.7% | 4.9% | 6.0% | 8.0% | 3.5% | 6.2% | 5.5% | 6.6% | 5.3% |
| — | -26.9% | -22.1% | -24.3% | -24.5% | -21.1% | +9.0% | +22.2% | -34.0% | -28.5% | +14.3% | +7.4% | — | |
| ROA | 10.5% | 2.0% | 2.6% | 3.4% | 1.5% | 2.8% | 3.2% | 4.4% | 2.0% | 3.5% | 3.0% | 3.6% | 2.9% |
| — | -28.1% | -19.9% | -22.8% | -22.6% | -20.2% | +8.9% | +21.4% | -31.7% | -20.2% | +22.6% | +17.8% | — | |
| ROIC | 40.5% | 6.0% | 9.2% | 10.2% | 4.4% | 8.4% | 12.4% | 16.5% | 6.5% | 8.2% | 8.9% | 10.1% | 4.1% |
| — | -29.2% | -25.3% | -37.9% | -31.6% | +3.1% | +38.6% | +63.9% | +57.5% | -12.0% | +108.0% | +136.3% | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Vipshop Holdings Limited's Debt/EBITDA ratio is 3.6x, up from 1.9x last quarter — at a moderate level that warrants monitoring. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.08 | 0.18 | 0.12 | 0.08 | 0.16 | 0.08 | 0.08 | 0.06 | 0.05 | 0.04 | 0.05 | 0.11 | 0.07 |
| — | +123.6% | +49.0% | +26.7% | +243.9% | +103.9% | +49.3% | -44.4% | -34.9% | -57.6% | -64.0% | -31.3% | — | |
| Debt / EBITDA | 0.31 | 3.56 | 1.93 | 1.01 | 3.66 | 1.23 | 1.15 | 0.60 | 0.86 | 0.59 | 0.80 | 1.34 | 1.67 |
| — | +188.6% | +68.0% | +70.1% | +326.2% | +108.8% | +43.5% | -55.6% | -48.5% | -37.9% | -71.1% | -52.1% | — | |
| Current Ratio | 1.26 | 1.26 | 1.28 | 1.26 | 1.21 | 1.28 | 1.25 | 1.23 | 1.15 | 1.14 | 1.21 | 1.18 | 1.30 |
| — | -2.2% | +2.4% | +3.0% | +4.7% | +12.1% | +2.9% | +3.7% | -11.3% | -2.4% | +12.7% | +9.9% | — | |
| Quick Ratio | 1.10 | 1.11 | 1.14 | 1.10 | 1.03 | 1.11 | 1.10 | 1.04 | 0.98 | 0.97 | 1.03 | 0.99 | 1.08 |
| — | -0.6% | +3.2% | +5.1% | +5.6% | +14.5% | +6.4% | +5.4% | -9.0% | +9.9% | +30.9% | +22.2% | — | |
| Interest Coverage | 159.05 | 72.31 | 222.34 | 162.37 | 83.67 | 163.36 | 261.46 | 248.36 | 3291.12 | 963.55 | 348.00 | 582.05 | 130.46 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 15 years · Updated daily
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Vipshop Holdings Limited's current P/E is 6.9x. The average P/E over the last 4 quarters is 1.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Vipshop Holdings Limited's current operating margin is 8.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Vipshop Holdings Limited's business trajectory between earnings reports.