JD.com (JD) Financials

$30.69 +1.01 (+3.40%)

Closing price 04:00 PM Eastern

Extended Trading

$30.58 -0.11 (-0.34%)

As of 07:59 PM Eastern

Annual Income Statements for JD.com

This table shows JD.com's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-1,387	-546	-23	-363	1,749	7,599	-559	1,505	3,404	5,666	2,807
Consolidated Net Income / (Loss)	-1,388	-489	-1.80	-408	1,707	7,588	-701	1,405	3,276	6,118	3,309
Net Income / (Loss) Continuing Operations	-1,179	-294	-2.86	-408	1,707	7,588	-701	1,405	3,276	6,118	3,309
Total Pre-Tax Income	-1,181	-270	19	-345	1,966	7,816	-405	2,011	4,458	7,061	3,621
Total Operating Income	-816	-179	-128	-381	1,291	1,898	650	2,860	3,666	5,307	397
Total Gross Profit	3,362	5,070	7,797	9,600	12,121	16,781	20,253	21,324	22,494	25,190	30,034
Total Revenue	27,563	37,036	55,598	67,248	82,827	114,708	149,326	151,690	152,771	158,758	187,197
Operating Revenue	27,563	37,036	55,598	67,248	82,827	114,708	149,326	151,690	152,771	158,758	187,197
Total Cost of Revenue	24,201	31,966	47,801	57,648	70,707	97,927	129,072	130,366	130,278	133,568	157,163
Operating Cost of Revenue	24,201	31,966	47,801	57,648	70,707	97,927	129,072	130,366	130,278	133,568	157,163
Total Operating Expenses	4,178	5,249	7,925	9,981	10,829	14,883	19,603	18,464	18,828	19,883	29,637
Selling, General & Admin Expense	333	493	647	751	788	986	1,814	1,603	1,368	1,218	1,713
Marketing Expense	1,101	1,457	2,289	2,800	3,192	4,177	6,080	5,476	5,653	6,570	12,005
Research & Development Expense	-	-	1,021	1,768	2,099	2,484	2,563	2,449	2,309	2,333	3,179
Other Operating Expenses / (Income)	2,325	3,300	3,969	4,659	5,308	7,490	9,267	9,136	9,093	9,648	12,609
Impairment Charge	419	0.00	0.00	3.25	-	-	0.00	0.00	728	323	186
Other Special Charges / (Income)	-	-	0.00	0.00	-558	-254	-120	-200	-322	-209	-55
Total Other Income / (Expense), net	-365	-90	147	36	675	5,918	-1,055	-849	792	1,754	3,224
Interest Expense	11	89	148	124	104	173	190	305	406	397	401
Interest & Investment Income	-332	-223	93	146	-250	660	-772	-318	142	319	1,148
Other Income / (Expense), net	-22	221	202	14	1,028	5,431	-93	-225	1,056	1,832	2,478
Income Tax Expense	-2.23	24	21	62	259	228	296	605	1,182	942	312
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.46	-7.40	-22	-45	-43	-12	-145	-101	-128	452	502
Basic Earnings per Share	($3.33)	($1.36)	($0.01)	($0.87)	$4.18	$16.35	($1.15)	$0.48	$1.08	$1.89	$0.14
Weighted Average Basic Shares Outstanding	2.74B	2.80B	2.84B	2.88B	2.91B	3.02B	3.11B	3.13B	3.14B	2.99B	2.85B
Diluted Earnings per Share	($3.33)	($1.36)	($0.01)	($0.87)	$4.11	$15.84	($1.15)	$0.47	$1.07	$1.84	$0.13
Weighted Average Diluted Shares Outstanding	2.74B	2.80B	2.91B	2.88B	2.97B	3.11B	3.11B	3.18B	3.17B	3.08B	2.98B
Weighted Average Basic & Diluted Shares Outstanding	2.79B	2.86B	2.87B	2.91B	2.94B	3.11B	3.12B	3.14B	3.14B	2.91B	2.75B

No quarterly income statements for JD.com are available.

This table details how cash moves in and out of JD.com's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	145	600	865	1,121	346	8,583	-2,188	721	-804	4,976	4,849
Net Cash From Operating Activities	258	1,182	4,121	3,039	3,558	6,543	6,638	8,383	8,383	7,959	2,716
Net Cash From Continuing Operating Activities	462	1,357	4,502	3,039	3,558	6,543	6,638	8,383	8,383	7,959	2,716
Net Income / (Loss) Continuing Operations	-1,179	-294	-2.86	-408	1,707	7,588	-701	1,405	3,276	6,118	3,309
Consolidated Net Income / (Loss)	-1,388	-489	-1.80	-408	1,707	7,588	-701	1,405	3,276	6,118	3,309
Depreciation Expense	382	490	643	809	837	933	978	1,049	1,168	1,220	1,394
Non-Cash Adjustments To Reconcile Net Income	1,157	1,245	1,008	755	120	-4,880	4,102	3,326	1,529	-736	-525
Changes in Operating Assets and Liabilities, net	103	-85	2,852	1,881	892	2,899	2,257	2,603	2,410	1,357	-1,463
Net Cash From Investing Activities	-882	-6,522	-6,109	-3,796	-3,640	-8,892	-11,651	-7,833	-8,386	-119	5,982
Net Cash From Continuing Investing Activities	-1,189	-2,448	-3,367	-3,796	-3,640	-8,892	-11,651	-7,833	-8,386	-119	5,982
Purchase of Property, Plant & Equipment	-764	-599	-1,741	-2,020	-522	-752	-2,101	-1,557	-1,269	-818	-1,175
Acquisitions	-45	-96	-26	-22	-12	100	-306	-2,589	-770	-971	-674
Purchase of Investments	-2,391	-5,355	-7,319	-8,866	-11,391	-12,481	-41,445	-725	-10,865	-12,018	-12,099
Sale of Property, Plant & Equipment	-	-	-	-	0.00	0.00	277	206	18	11	24
Divestitures	0.00	4.24	2,030	234	518	168	64	60	55	79	412
Sale and/or Maturity of Investments	2,196	3,598	157	7,949	1,030	5,274	19,828	24,861	32,230	23,010	19,425
Other Investing Activities, net	-185	-	3,532	-1,071	6,738	-1,200	12,031	-28,088	-27,785	-9,412	69
Net Cash From Financing Activities	716	5,836	2,952	1,633	369	10,931	3,060	171	-818	-2,878	-3,822
Net Cash From Continuing Financing Activities	584	1,240	795	1,633	369	10,931	3,060	171	-818	-2,878	-3,822
Repayment of Debt	-544	-633	-2,011	-1,915	-1,416	-2,582	-1,454	-5,176	-3,966	-1,875	-3,532
Repurchase of Common Equity	0.00	-765	0.00	-30	-19	-48	-823	-264	-352	-3,550	-3,064
Payment of Dividends	-	-	-	-	0.00	0.00	-11	-1,897	-949	-1,132	-1,484
Issuance of Debt	1,095	2,680	2,639	617	833	3,318	1,119	6,859	4,296	3,785	4,901
Issuance of Common Equity	34	37	53	638	971	10,175	4,351	1,314	263	7.95	384
Other Financing Activities, net	0.00	-78	113	0.00	0.00	0.00	-122	-664	-110	-114	-1,026
Other Net Changes in Cash	-	104	-98	245	58	-	-235	-	18	13	-27
Cash Interest Paid	8.60	74	89	61	97	157	192	347	395	380	384
Cash Income Taxes Paid	3.24	16	37	97	116	183	398	370	769	1,207	1,244

No quarterly cash flow statements for JD.com are available.

This table presents JD.com's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	12,943	22,996	28,242	30,444	37,290	64,950	77,913	86,303	88,587	95,658	99,412
Total Current Assets	8,902	15,333	17,651	15,262	19,971	36,114	47,025	50,901	43,354	52,977	53,541
Cash & Equivalents	2,720	2,232	3,942	4,987	5,308	13,240	11,105	11,434	10,126	14,844	19,661
Restricted Cash	322	329	631	472	422	682	930	907	1,057	1,009	1,736
Short-Term Investments	423	939	1,318	296	3,532	9,317	17,978	20,457	16,656	17,213	10,831
Accounts Receivable	1,379	3,616	4,167	2,074	1,497	2,119	2,730	3,874	3,157	4,165	4,215
Inventories, net	3,268	4,182	6,459	6,478	8,403	9,644	12,485	11,858	9,974	13,281	14,483
Prepaid Expenses	226	283	347	560	586	1,088	1,798	2,197	2,203	2,185	2,559
Other Current Nonoperating Assets	-	3,177	-	-	0.00	23	0.00	174	182	279	56
Plant, Property, & Equipment, net	949	1,007	1,929	3,069	2,965	3,476	5,170	7,986	9,864	11,335	13,063
Total Noncurrent Assets	3,093	6,656	8,662	12,114	14,354	25,361	25,718	27,416	35,369	31,345	32,808
Long-Term Investments	1,480	2,250	4,385	2,314	3,075	6,011	2,995	2,082	11,386	8,134	7,413
Goodwill	4.42	936	1,020	967	954	1,677	1,951	3,353	2,814	3,522	3,760
Intangible Assets	801	1,192	1,027	729	590	994	916	1,325	977	1,068	1,104
Noncurrent Deferred & Refundable Income Taxes	-	0.00	24	15	12	82	174	223	246	337	749
Other Noncurrent Operating Assets	807	1,227	2,205	3,524	4,616	7,394	9,761	12,077	11,953	10,497	12,350
Other Noncurrent Nonoperating Assets	-	1,051	-	4,564	5,108	9,202	9,921	8,357	7,993	7,788	7,433
Total Liabilities & Shareholders' Equity	12,943	22,996	28,242	30,444	37,290	64,950	77,913	86,303	88,587	95,658	99,412
Total Liabilities	8,266	17,085	20,204	19,262	22,843	30,864	39,187	46,559	46,843	52,736	57,402
Total Current Liabilities	7,458	15,019	18,145	17,592	20,103	26,765	34,780	38,648	37,416	41,034	43,768
Short-Term Debt	551	1,593	1,977	662	459	1,349	1,731	2,876	1,801	2,081	2,992
Accounts Payable	4,556	6,623	11,415	11,673	13,029	16,519	22,126	23,286	23,404	26,422	26,938
Accrued Expenses	1,093	1,507	2,320	2,954	3,540	4,620	5,409	6,172	6,131	6,300	7,156
Current Deferred Revenue	1,242	1,807	2,332	288	478	526	543	486	295	287	384
Current Deferred & Payable Income Tax Liabilities	16	81	101	120	289	466	403	859	1,030	1,300	1,002
Other Current Liabilities	-	-	0.00	1,895	2,309	3,230	4,567	4,959	4,682	4,631	5,296
Other Current Nonoperating Liabilities	-	3,407	-	-	0.00	55	0.00	10	71	14	0.00
Total Noncurrent Liabilities	809	2,067	2,059	1,670	2,740	4,099	4,407	7,911	9,427	11,702	13,634
Long-Term Debt	419	1,312	1,676	1,437	1,443	1,927	1,473	4,383	5,911	7,737	8,934
Capital Lease Obligations	-	-	-	0.00	793	1,577	2,153	2,172	1,926	2,481	3,390
Noncurrent Deferred & Payable Income Tax Liabilities	0.19	130	135	121	192	296	298	944	1,305	1,301	1,147
Other Noncurrent Operating Liabilities	0.00	63	247	45	32	51	280	252	149	183	164
Commitments & Contingencies	0.00	0.00	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	0.00	1,012	0.00	2,323	2,292	2,635	190	86	86	66	0.00
Total Equity & Noncontrolling Interests	4,677	4,899	8,039	8,859	12,155	31,451	38,536	39,659	41,658	42,855	42,010
Total Preferred & Common Equity	4,656	4,860	7,985	8,700	11,753	28,845	32,783	30,935	32,657	32,790	32,180
Total Common Equity	4,656	4,860	7,985	8,700	11,753	28,845	32,783	30,935	32,657	32,790	32,180
Common Stock	7,368	8,497	11,701	12,056	13,019	23,587	28,650	26,683	25,945	24,989	20,236
Retained Earnings	-2,805	-3,135	-3,412	-3,499	-1,710	5,755	5,305	4,249	6,204	10,490	12,149
Treasury Stock	-0.00	-743	-684	-551	-363	-187	-466	-361	-480	-3,800	-1,126
Accumulated Other Comprehensive Income / (Loss)	84	221	283	489	598	-546	-956	-139	127	195	-168
Other Equity Adjustments	8.46	19	98	204	210	236	249	504	860	916	1,089
Noncontrolling Interest	21	39	53	160	403	2,606	5,753	8,723	9,001	10,065	9,830

No quarterly balance sheets for JD.com are available.

This table displays calculated financial ratios and metrics derived from JD.com's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	2,748,133,731.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	2,748,133,731.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.02
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	49.06%	34.37%	50.12%	20.95%	23.17%	38.49%	30.18%	1.58%	0.71%	3.92%	17.91%
EBITDA Growth	27.91%	216.95%	34.81%	-38.28%	611.55%	161.69%	-81.40%	139.69%	59.86%	41.93%	-48.94%
EBIT Growth	6.71%	104.99%	76.42%	-597.81%	731.42%	215.97%	-92.40%	372.72%	79.24%	51.20%	-59.73%
NOPAT Growth	12.57%	78.00%	115.72%	-1,451.28%	520.24%	64.35%	-75.32%	339.34%	34.78%	70.73%	-92.12%
Net Income Growth	-72.78%	64.74%	99.63%	-22,570.13%	518.80%	344.51%	-109.24%	300.45%	133.13%	86.78%	-45.91%
EPS Growth	37.76%	59.16%	99.43%	-11,198.70%	572.41%	285.40%	-107.26%	379.13%	-66.67%	-76.48%	-92.85%
Operating Cash Flow Growth	24.52%	357.51%	248.77%	-26.25%	17.06%	83.91%	1.44%	26.29%	0.00%	-5.06%	-65.88%
Free Cash Flow Firm Growth	88.80%	-618.03%	157.47%	-54.71%	313.32%	-50.76%	-117.74%	-1,347.24%	268.36%	-39.10%	-243.94%
Invested Capital Growth	-30.10%	256.29%	-43.44%	-54.25%	-146.87%	270.72%	122.67%	400.16%	-29.78%	47.13%	70.92%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.20%	13.69%	14.02%	14.28%	14.63%	14.63%	13.56%	14.06%	14.72%	15.87%	16.04%
EBITDA Margin	-1.66%	1.44%	1.29%	0.66%	3.81%	7.21%	1.03%	2.43%	3.86%	5.26%	2.28%
Operating Margin	-2.96%	-0.48%	-0.23%	-0.57%	1.56%	1.66%	0.44%	1.89%	2.40%	3.34%	0.21%
EBIT Margin	-3.04%	0.11%	0.13%	-0.55%	2.80%	6.39%	0.37%	1.74%	3.09%	4.50%	1.54%
Profit (Net Income) Margin	-5.04%	-1.32%	0.00%	-0.61%	2.06%	6.62%	-0.47%	0.93%	2.14%	3.85%	1.77%
Tax Burden Percent	117.55%	181.40%	-9.69%	117.98%	86.83%	97.08%	173.14%	69.89%	73.48%	86.65%	91.39%
Interest Burden Percent	140.92%	-645.10%	25.15%	94.05%	84.75%	106.64%	-72.66%	76.33%	94.42%	98.91%	125.98%
Effective Tax Rate	0.00%	0.00%	115.40%	0.00%	13.17%	2.92%	0.00%	30.11%	26.52%	13.35%	8.61%
Return on Invested Capital (ROIC)	-66.85%	-7.84%	1.01%	-25.85%	651.49%	1,716.31%	54.38%	57.69%	54.81%	91.79%	4.49%
ROIC Less NNEP Spread (ROIC-NNEP)	-48.69%	2.02%	1.44%	-24.21%	646.86%	1,692.53%	57.63%	59.34%	53.18%	87.71%	-4.08%
Return on Net Nonoperating Assets (RNNOA)	40.92%	-1.41%	-1.03%	21.61%	-638.17%	-1,685.04%	-56.30%	-54.10%	-46.77%	-77.33%	3.31%
Return on Equity (ROE)	-25.93%	-9.25%	-0.03%	-4.24%	13.32%	31.27%	-1.93%	3.58%	8.04%	14.45%	7.79%
Cash Return on Invested Capital (CROIC)	-31.42%	-120.17%	56.49%	48.59%	0.00%	196.90%	-21.65%	-75.67%	89.80%	53.64%	-47.87%
Operating Return on Assets (OROA)	-7.09%	0.23%	0.29%	-1.25%	6.85%	14.34%	0.78%	3.21%	5.40%	7.75%	2.95%
Return on Assets (ROA)	-11.75%	-2.72%	-0.01%	-1.39%	5.04%	14.84%	-0.98%	1.71%	3.75%	6.64%	3.39%
Return on Common Equity (ROCE)	-25.88%	-8.31%	-0.02%	-3.68%	10.63%	26.16%	-1.63%	2.91%	6.27%	11.17%	5.96%
Return on Equity Simple (ROE_SIMPLE)	-29.81%	-10.07%	-0.02%	-4.69%	14.53%	26.31%	-2.14%	4.54%	10.03%	18.66%	0.00%
Net Operating Profit after Tax (NOPAT)	-571	-126	20	-267	1,121	1,843	455	1,998	2,694	4,599	363
NOPAT Margin	-2.07%	-0.34%	0.04%	-0.40%	1.35%	1.61%	0.30%	1.32%	1.76%	2.90%	0.19%
Net Nonoperating Expense Percent (NNEP)	-18.16%	-9.86%	-0.43%	-1.64%	4.63%	23.78%	-3.25%	-1.66%	1.62%	4.07%	8.57%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	8.34%	0.63%
Cost of Revenue to Revenue	87.80%	86.31%	85.98%	85.72%	85.37%	85.37%	86.44%	85.94%	85.28%	84.13%	83.96%
SG&A Expenses to Revenue	1.21%	1.33%	1.16%	1.12%	0.95%	0.86%	1.22%	1.06%	0.90%	0.77%	0.92%
R&D to Revenue	0.00%	0.00%	1.84%	2.63%	2.53%	2.17%	1.72%	1.61%	1.51%	1.47%	1.70%
Operating Expenses to Revenue	15.16%	14.17%	14.26%	14.84%	13.07%	12.97%	13.13%	12.17%	12.32%	12.52%	15.83%
Earnings before Interest and Taxes (EBIT)	-838	42	74	-367	2,320	7,329	557	2,634	4,721	7,139	2,874
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-456	533	719	444	3,159	8,265	1,537	3,685	5,891	8,358	4,268
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.04	6.83	6.92	3.22	4.07	4.18	3.11	2.71	1.35	1.61	1.25
Price to Tangible Book Value (P/TBV)	10.93	12.15	9.31	4.00	4.69	4.61	3.41	3.19	1.53	1.88	1.48
Price to Revenue (P/Rev)	1.53	0.90	0.99	0.42	0.58	1.05	0.68	0.55	0.29	0.33	0.22
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	27.35	15.87	0.00	55.70	12.97	9.34	14.36
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.34%	6.69%	2.26%	6.35%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	3.66%	6.30%	0.00%	1.80%	7.71%	10.70%	6.96%
Enterprise Value to Invested Capital (EV/IC)	54.28	12.54	34.38	37.90	0.00	195.62	69.45	11.64	5.83	5.73	2.53
Enterprise Value to Revenue (EV/Rev)	1.38	0.85	0.88	0.37	0.49	0.88	0.54	0.44	0.15	0.22	0.14
Enterprise Value to EBITDA (EV/EBITDA)	0.00	58.86	67.71	55.32	12.95	12.27	52.15	18.23	4.01	4.09	6.05
Enterprise Value to EBIT (EV/EBIT)	0.00	750.73	659.85	0.00	17.63	13.84	143.89	25.51	5.01	4.79	8.98
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	2,465.77	0.00	36.47	55.03	176.27	33.62	8.78	7.43	71.24
Enterprise Value to Operating Cash Flow (EV/OCF)	147.72	26.58	11.82	8.08	11.49	15.50	12.08	8.02	2.82	4.29	9.51
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	43.97	48.96	19.73	99.35	0.00	0.00	5.36	12.72	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.21	0.49	0.45	0.19	0.19	0.14	0.14	0.24	0.23	0.29	0.36
Long-Term Debt to Equity	0.09	0.22	0.21	0.13	0.15	0.10	0.09	0.16	0.19	0.24	0.29
Financial Leverage	-0.84	-0.70	-0.72	-0.89	-0.99	-1.00	-0.98	-0.91	-0.88	-0.88	-0.81
Leverage Ratio	2.21	3.39	3.67	3.05	2.64	2.11	1.96	2.09	2.15	2.18	2.30
Compound Leverage Factor	3.11	-21.90	0.92	2.87	2.24	2.25	-1.43	1.60	2.03	2.15	2.89
Debt to Total Capital	17.18%	32.95%	31.25%	15.80%	15.72%	12.46%	12.15%	19.18%	18.76%	22.27%	26.72%
Short-Term Debt to Total Capital	9.76%	18.07%	16.91%	4.98%	2.67%	3.47%	3.93%	5.85%	3.51%	3.77%	5.22%
Long-Term Debt to Total Capital	7.42%	14.88%	14.33%	10.82%	13.05%	9.00%	8.23%	13.33%	15.25%	18.50%	21.50%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.37%	11.92%	0.46%	18.69%	15.72%	13.46%	13.48%	17.91%	17.69%	18.35%	17.15%
Common Equity to Total Capital	82.45%	55.13%	68.30%	65.50%	68.56%	74.08%	74.37%	62.91%	63.56%	59.38%	56.14%
Debt to EBITDA	-2.13	5.45	5.08	4.73	0.85	0.59	3.48	2.56	1.64	1.47	3.59
Net Debt to EBITDA	8.71	-5.33	-9.21	-13.45	-3.05	-2.95	-17.99	-6.91	-5.02	-3.46	-5.70
Long-Term Debt to EBITDA	-0.92	2.46	2.33	3.24	0.71	0.42	2.36	1.78	1.33	1.22	2.89
Debt to NOPAT	-1.70	-23.12	184.99	-7.86	2.40	2.63	11.78	4.72	3.58	2.67	42.25
Net Debt to NOPAT	6.96	22.64	-335.34	22.37	-8.60	-13.24	-60.79	-12.73	-10.98	-6.28	-67.10
Long-Term Debt to NOPAT	-0.73	-10.44	84.87	-5.39	1.99	1.90	7.97	3.28	2.91	2.22	34.00
Altman Z-Score	4.80	2.61	3.43	2.79	3.61	4.78	3.78	3.18	2.64	2.81	2.69
Noncontrolling Interest Sharing Ratio	0.20%	10.12%	7.91%	13.19%	20.20%	16.35%	15.36%	18.80%	21.96%	22.70%	23.50%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.19	1.02	0.97	0.87	0.99	1.35	1.35	1.32	1.16	1.29	1.22
Quick Ratio	0.61	0.45	0.56	0.42	0.51	0.92	0.91	0.93	0.80	0.88	0.79
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-268	-1,927	1,107	502	2,073	1,021	-181	-2,621	4,413	2,688	-3,868
Operating Cash Flow to CapEx	33.81%	197.21%	236.68%	150.45%	681.55%	870.38%	363.97%	620.84%	1,528.14%	986.33%	235.88%
Free Cash Flow to Firm to Interest Expense	-24.28	-21.72	7.49	4.03	19.92	5.90	-0.95	-8.58	10.88	6.77	-9.65
Operating Cash Flow to Interest Expense	23.37	13.32	27.87	24.44	34.18	37.82	34.87	27.45	20.66	20.06	6.78
Operating Cash Flow Less CapEx to Interest Expense	-45.74	6.57	16.09	8.19	29.17	33.47	25.29	23.03	19.31	18.03	3.90
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.33	2.06	2.17	2.29	2.45	2.24	2.09	1.85	1.75	1.72	1.92
Accounts Receivable Turnover	30.01	14.83	14.29	21.55	46.40	63.44	61.58	45.94	43.46	43.36	44.68
Inventory Turnover	9.00	8.58	8.98	8.91	9.50	10.85	11.67	10.71	11.93	11.49	11.32
Fixed Asset Turnover	41.26	37.87	37.87	26.91	27.45	35.62	34.55	23.06	17.12	14.98	15.35
Accounts Payable Turnover	6.69	5.72	5.30	4.99	5.72	6.63	6.68	5.74	5.58	5.36	5.89
Days Sales Outstanding (DSO)	12.16	24.61	25.55	16.94	7.87	5.75	5.93	7.95	8.40	8.42	8.17
Days Inventory Outstanding (DIO)	40.56	42.54	40.63	40.96	38.41	33.63	31.29	34.08	30.58	31.77	32.24
Days Payable Outstanding (DPO)	54.59	63.82	68.87	73.09	63.76	55.07	54.64	63.57	65.41	68.08	61.96
Cash Conversion Cycle (CCC)	-1.87	3.32	-2.70	-15.20	-17.48	-15.68	-17.43	-21.55	-26.42	-27.89	-21.55
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	703	2,504	1,416	648	-304	518	1,154	5,774	4,055	5,966	10,197
Invested Capital Turnover	32.27	23.10	28.36	65.15	481.19	1,068.20	178.52	43.79	31.09	31.69	23.16
Increase / (Decrease) in Invested Capital	-303	1,801	-1,088	-768	-952	822	636	4,620	-1,720	1,911	4,231
Enterprise Value (EV)	38,149	31,403	48,694	24,557	40,896	101,427	80,180	67,190	23,637	34,174	25,825
Market Capitalization	42,103	33,197	55,263	28,045	47,844	120,584	101,888	83,830	44,136	52,945	40,320
Book Value per Share	$1.67	$1.74	$2.80	$3.03	$4.04	$9.82	$10.53	$9.92	$10.39	$10.43	$11.06
Tangible Book Value per Share	$1.38	$0.98	$2.08	$2.44	$3.51	$8.91	$9.61	$8.42	$9.18	$8.97	$9.39
Total Capital	5,648	8,815	11,692	13,281	17,142	38,939	44,083	49,175	51,383	55,220	57,326
Total Debt	970	2,905	3,653	2,099	2,695	4,853	5,357	9,431	9,638	12,298	15,316
Total Long-Term Debt	419	1,312	1,676	1,437	2,236	3,504	3,626	6,555	7,837	10,218	12,324
Net Debt	-3,974	-2,845	-6,622	-5,970	-9,643	-24,398	-27,650	-25,449	-29,586	-28,902	-24,325
Capital Expenditures (CapEx)	764	599	1,741	2,020	522	752	1,824	1,350	549	807	1,151
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,470	-1,593	-4,407	-7,423	-8,937	-12,541	-16,036	-17,668	-20,099	-19,043	-19,461
Debt-free Net Working Capital (DFNWC)	1,995	1,907	1,483	-1,668	326	10,698	13,977	15,129	7,739	14,024	12,766
Net Working Capital (NWC)	1,444	314	-494	-2,330	-132	9,349	12,246	12,253	5,938	11,943	9,774
Net Nonoperating Expense (NNE)	817	364	22	141	-586	-5,745	1,156	593	-582	-1,520	-2,947
Net Nonoperating Obligations (NNO)	-3,974	-3,406	-6,622	-10,534	-14,751	-33,568	-37,571	-33,970	-37,690	-36,956	-31,814
Total Depreciation and Amortization (D&A)	382	492	645	811	839	936	980	1,051	1,170	1,220	1,394
Debt-free, Cash-free Net Working Capital to Revenue	-5.33%	-4.30%	-7.93%	-11.04%	-10.79%	-10.93%	-10.74%	-11.65%	-13.16%	-11.99%	-10.40%
Debt-free Net Working Capital to Revenue	7.24%	5.15%	2.67%	-2.48%	0.39%	9.33%	9.36%	9.97%	5.07%	8.83%	6.82%
Net Working Capital to Revenue	5.24%	0.85%	-0.89%	-3.46%	-0.16%	8.15%	8.20%	8.08%	3.89%	7.52%	5.22%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.53)	($0.20)	($0.01)	($0.13)	$0.60	$2.51	($0.18)	$0.48	$1.08	$0.26	$0.14
Adjusted Weighted Average Basic Shares Outstanding	2.74B	2.80B	2.84B	2.88B	2.91B	3.02B	3.11B	3.13B	3.14B	2.99B	2.85B
Adjusted Diluted Earnings per Share	($0.53)	($0.20)	($0.01)	($0.13)	$0.59	$2.43	($0.18)	$0.47	$1.07	$0.25	$0.13
Adjusted Weighted Average Diluted Shares Outstanding	2.74B	2.80B	2.91B	2.88B	2.97B	3.11B	3.11B	3.18B	3.17B	3.08B	2.98B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	2.79B	2.86B	2.87B	2.91B	2.94B	3.11B	3.12B	3.14B	3.14B	2.91B	2.75B
Normalized Net Operating Profit after Tax (NOPAT)	-278	-126	-90	-265	637	1,597	371	1,859	2,992	4,698	482
Normalized NOPAT Margin	-1.01%	-0.34%	-0.16%	-0.39%	0.77%	1.39%	0.25%	1.23%	1.96%	2.96%	0.26%
Pre Tax Income Margin	-4.28%	-0.73%	0.03%	-0.51%	2.37%	6.81%	-0.27%	1.33%	2.92%	4.45%	1.93%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-75.81	0.47	0.50	-2.95	22.28	42.36	2.93	8.63	11.64	17.99	7.17
NOPAT to Interest Expense	-51.66	-1.42	0.13	-2.15	10.77	10.65	2.39	6.54	6.64	11.59	0.90
EBIT Less CapEx to Interest Expense	-144.92	-6.28	-11.28	-19.20	17.27	38.01	-6.65	4.20	10.28	15.96	4.30
NOPAT Less CapEx to Interest Expense	-120.77	-8.17	-11.64	-18.39	5.76	6.31	-7.19	2.12	5.29	9.56	-1.97
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1.52%	135.41%	28.98%	18.50%	44.85%
Augmented Payout Ratio	0.00%	-156.38%	0.00%	-7.35%	1.10%	0.63%	-118.96%	154.23%	39.72%	76.52%	137.45%

No quarterly metrics and ratios for JD.com are available.

Financials Breakdown Chart

Frequently Asked Questions About JD.com's Financials

When does JD.com's financial year end?

According to the most recent income statement we have on file, JD.com's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has JD.com's net income changed over the last 10 years?

JD.com's net income appears to be on an upward trend, with a most recent value of $3.31 billion in 2025, falling from -$1.39 billion in 2015. The previous period was $6.12 billion in 2024. Find out what analysts predict for JD.com in the coming months.

What is JD.com's operating income?

JD.com's total operating income in 2025 was $396.68 million, based on the following breakdown:

Total Gross Profit: $30.03 billion
Total Operating Expenses: $29.64 billion

How has JD.com's revenue changed over the last 10 years?

Over the last 10 years, JD.com's total revenue changed from $27.56 billion in 2015 to $187.20 billion in 2025, a change of 579.2%.

How much debt does JD.com have?

JD.com's total liabilities were at $57.40 billion at the end of 2025, a 8.8% increase from 2024, and a 594.4% increase since 2015.

How much cash does JD.com have?

In the past 10 years, JD.com's cash and equivalents has ranged from $2.23 billion in 2016 to $19.66 billion in 2025, and is currently $19.66 billion as of their latest financial filing in 2025.

How has JD.com's book value per share changed over the last 10 years?

Over the last 10 years, JD.com's book value per share changed from 1.67 in 2015 to 11.06 in 2025, a change of 563.6%.

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Financial statements for NASDAQ:JD last updated on 4/23/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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JD.com (JD) Financials

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JD.com (JD) Financials

Annual Income Statements for JD.com

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Quarterly Cash Flow Statements for JD.com

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