JD.com, Inc. (JD) — Financial statements
Income statement, balance sheet, and cash flow for JD.com, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (CNY Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,309,085↑13.0% | 1,158,819↑6.8% | 1,084,662↑3.7% | 1,046,236↑9.9% | 951,592 | |
| Cost of Revenue | 1,187,233↑13.6% | 1,045,377↑13.0% | 924,958↑2.9% | 899,163↑9.3% | 822,526 | |
| Gross Profit | 121,852↑7.4% | 113,442↓29.0% | 159,704↑8.6% | 147,073↑14.0% | 129,066 | |
| Operating Expenses | ||||||
| R&D Expenses | 22,229↑30.5% | 17,031↑3.9% | 16,393↓3.0% | 16,893↑3.4% | 16,332 | |
| General & Administrative Expenses | 11,980↑34.8% | 8,888↓8.5% | 9,710↓12.2% | 11,053↓4.4% | 11,562 | |
| Selling & Marketing Expenses | 83,953↑75.1% | 47,953↑19.5% | 40,133↑6.3% | 37,772↓2.5% | 38,743 | |
| SG&A Expenses | 95,933↑68.8% | 56,841↑14.0% | 49,843↑2.1% | 48,825↓2.9% | 50,305 | |
| Other Expenses | 916↑9.8% | 834↓98.8% | 67,443↑9.4% | 61,632↑5.7% | 58,288 | |
| Operating Expenses | 119,078↑59.4% | 74,706↓44.1% | 133,679↑5.0% | 127,350↑1.9% | 124,925 | |
| Total Costs & Expenses | 1,306,311↑16.6% | 1,120,083↑5.8% | 1,058,637↑3.1% | 1,026,513↑8.3% | 947,451 | |
| Operating Results | ||||||
| Operating Income | 2,774↓92.8% | 38,736↑48.8% | 26,025↑32.0% | 19,723↑376.3% | 4,141 | |
| Depreciation & Amortization | 8,701↑11.7% | 7,787↓6.1% | 8,292↑14.6% | 7,236↑16.1% | 6,232 | |
| EBITDA | 36,827↓22.2% | 47,357↑10.6% | 42,823↑84.5% | 23,209↑377.1% | 4,865 | |
| EBIT | 28,126↓28.9% | 39,570↑14.6% | 34,531↑116.2% | 15,973↑1268.5% | -1,367 | |
| Interest & Other Income | ||||||
| Net Interest Income | -2,803↓143.4% | 6,457↓3.6% | 6,695↑84.1% | 3,636↑21.2% | 3,000 | |
| Interest Income | 0.00↓100.0% | 9,353↓2.3% | 9,576↑66.8% | 5,742↑36.3% | 4,213 | |
| Interest Expense | 2,803↓3.2% | 2,896↑0.5% | 2,881↑36.8% | 2,106↑73.6% | 1,213 | |
| Non-Operating Income | -25,352↓2939.8% | -834↑90.2% | -8,506↓326.8% | 3,750↓31.9% | 5,508 | |
| Other Income / Expenses | 22,549↑76.1% | 12,802↑127.6% | 5,625↑196.1% | -5,856↑12.9% | -6,721 | |
| Income Before Tax | 25,323↓50.9% | 51,538↑62.8% | 31,650↑128.2% | 13,867↑637.5% | -2,580 | |
| Income Tax Expense | 2,181↓68.3% | 6,878↓18.1% | 8,393↑101.0% | 4,176↑121.3% | 1,887 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 23,142↓48.2% | 44,660↑92.0% | 23,257↑140.0% | 9,691↑316.9% | -4,467 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 19,631↓52.5% | 41,359↑71.1% | 24,167↑132.8% | 10,380↑391.6% | -3,560 | |
| Bottom-Line Net Income | 19,631↓52.5% | 41,359↑71.1% | 24,167↑136.7% | 10,210↑386.6% | -3,562 | |
| EPS (Basic) | 13.78↓50.2% | 27.66↑79.8% | 15.38↑131.6% | 6.64↑388.7% | -2.30 | |
| EPS (Diluted) | 12.90↓52.0% | 26.90↑76.5% | 15.24↑137.4% | 6.42↑379.1% | -2.30 | |
| Weighted Average Shares | 1,424↓7.6% | 1,540↓2.1% | 1,572↑0.6% | 1,563↑0.6% | 1,554 | |
| Weighted Average Diluted Shares | 1,489↓3.2% | 1,538↓3.0% | 1,585↓0.3% | 1,590↑2.4% | 1,554 | |
* All figures in Millions of CNY, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.