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Vipshop (VIPS) Financials

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$14.14 -0.14 (-0.95%)
As of 03:03 PM Eastern
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Annual Income Statements for Vipshop

Annual Income Statements for Vipshop

This table shows Vipshop'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		 242 292 299 310 577 909 735 913 1,143 1,060 1,036
Consolidated Net Income / (Loss)		 230 286 290 311 572 910 736 915 1,155 1,074 1,060
Net Income / (Loss) Continuing Operations		 230 286 290 311 572 910 736 915 1,155 1,074 1,060
Total Pre-Tax Income 		312 382 390 400 710 1,080 922 1,171 1,407 1,368 1,275
Total Operating Income		 315 388 413 352 685 901 876 899 1,282 1,257 1,163
Total Gross Profit		 1,507 1,950 2,500 2,484 2,969 3,274 3,626 3,134 3,623 3,489 3,502
Total Revenue		 6,121 8,115 11,188 12,303 13,352 15,666 18,369 14,956 15,895 14,854 15,146
Operating Revenue		 6,000 8,115 11,188 12,303 13,352 15,666 18,369 14,956 15,895 14,854 15,146
Total Cost of Revenue		 4,614 6,165 8,688 9,818 10,383 12,393 14,743 11,822 12,273 11,364 11,644
Operating Cost of Revenue		 4,614 6,165 8,688 9,818 10,383 12,393 14,743 11,822 12,273 11,364 11,644
Total Operating Expenses		 1,191 1,561 2,087 2,132 2,284 2,372 2,750 2,249 2,340 2,233 2,339
Selling, General & Admin Expense		 362 503 653 680 809 764 896 879 833 806 877
Marketing Expense		 318 407 457 472 477 659 799 411 457 408 427
Other Operating Expenses / (Income)		 511 652 977 980 958 949 1,056 946 1,051 1,018 1,035
Total Other Income / (Expense), net		 -3.05 -5.97 -23 47 24 178 46 286 124 112 111
Interest Expense		 13 12 13 23 12 10 2.27 3.52 3.23 7.90 13
Interest & Investment Income		 25 -1.08 3.64 60 13 213 40 111 105 111 133
Other Income / (Expense), net		 -15 7.33 -14 10 24 -25 7.63 179 23 8.51 -8.88
Income Tax Expense		 70 86 96 82 141 174 192 255 263 317 257
Other Gains / (Losses), net		 -13 -10 -3.42 -6.84 3.90 4.62 6.64 -0.95 11 23 42
Net Income / (Loss) Attributable to Noncontrolling Interest		 -12 -6.32 -8.78 0.68 -4.36 1.91 1.85 1.89 12 14 24
Basic Earnings per Share		 $13.74 $17.57 $16.59 $16.09 $30.08 $43.73 $34.38 $7.18 $10.33 $10.00 $10.35
Weighted Average Basic Shares Outstanding		 115.74M 115.96M 117.55M 132.27M 133.52M 135.08M 136.18M 127.24M 110.70M 106.07M 100.07M
Diluted Earnings per Share		 $13.23 $16.86 $15.94 $15.61 $29.58 $42.79 $33.74 $7.13 $10.16 $9.83 $10.12
Weighted Average Diluted Shares Outstanding		 120.17M 125.82M 125.72M 140.08M 136.08M 138.04M 138.75M 128.16M 112.55M 107.86M 102.38M
Weighted Average Basic & Diluted Shares Outstanding		 116.60M 118.02M 131.23M 132.91M 134.09M 135.73M 135.79M 117.18M 108.46M 102.54M 95.77M

Quarterly Income Statements for Vipshop

No quarterly income statements for Vipshop are available.

Annual Cash Flow Statements for Vipshop

This table details how cash moves in and out of Vipshop'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		 -223 113 938 -27 -333 783 684 860 450 81 -397
Net Cash From Operating Activities		 292 406 151 836 1,765 1,818 1,058 1,525 2,030 1,251 1,066
Net Cash From Continuing Operating Activities		 292 406 151 836 1,765 1,818 1,058 1,525 2,026 1,251 1,066
Net Income / (Loss) Continuing Operations		 230 286 290 311 572 910 736 915 1,155 1,074 1,060
Consolidated Net Income / (Loss)		 230 286 290 311 572 910 736 915 1,155 1,074 1,060
Depreciation Expense		 44 88 111 112 119 149 172 179 183 194 218
Amortization Expense		 50 63 62 17 14 22 19 20 24 28 28
Non-Cash Adjustments To Reconcile Net Income		 101 243 113 40 301 245 313 231 156 219 187
Changes in Operating Assets and Liabilities, net		 -133 -273 -425 356 758 491 -183 181 508 -264 -427
Net Cash From Investing Activities		 -447 -239 -312 -974 -1,183 -1,030 -365 152 -727 -488 -1,186
Net Cash From Continuing Investing Activities		 -447 -239 -312 -974 -1,183 -1,030 -365 152 -715 -488 -1,186
Purchase of Property, Plant & Equipment		 -334 -283 -337 -367 -944 -344 -429 -352 -305 -373 -284
Purchase of Investments		 -961 -333 -57 -532 -87 -2,453 -1,497 -1,664 -558 -700 -1,929
Divestitures		 - - - - - - - - 0.00 2.00 0.29
Sale and/or Maturity of Investments		 1,162 478 165 109 359 1,643 1,650 2,194 502 631 1,005
Other Investing Activities, net		 -302 -88 -47 -185 -121 166 -128 25 -355 -49 21
Net Cash From Financing Activities		 -82 -56 1,100 85 -898 -3.21 -9.23 -808 -866 -681 -277
Net Cash From Continuing Financing Activities		 -82 -56 1,100 85 -898 -3.21 -9.23 -808 -867 -681 -277
Repayment of Debt		 -87 -14 -3.79 -357 -1,157 -414 -490 -587 -473 -746 -1,384
Repurchase of Common Equity		 -99 -28 - - 0.00 0.00 -304 -907 -719 -530 -707
Payment of Dividends		 - - - 0.00 0.00 -1.92 -2.84 -8.53 -16 -306 -260
Issuance of Debt		 102 0.43 256 449 261 391 638 666 295 877 1,881
Issuance of Common Equity		 1.48 0.20 861 0.15 15 19 72 27 40 22 199
Other Financing Activities, net		 0.96 -15 -13 -6.18 -18 2.24 77 1.96 5.45 2.33 -6.46
Cash Interest Paid		 13 12 13 23 12 10 2.16 3.16 3.73 7.90 10
Cash Income Taxes Paid		 68 90 146 139 117 175 214 238 251 297 349

Quarterly Cash Flow Statements for Vipshop

No quarterly cash flow statements for Vipshop are available.

Annual Balance Sheets for Vipshop

This table presents Vipshop'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		 3,050 3,598 5,828 6,341 6,975 9,065 9,774 9,493 10,186 10,266 11,274
Total Current Assets		 1,850 2,091 3,977 3,977 3,306 4,795 5,154 4,891 5,290 5,179 5,659
Cash & Equivalents		 506 589 1,530 1,389 944 1,845 2,557 3,181 3,580 3,610 3,288
Restricted Cash		 - 0.00 38 72 164 125 137 169 124 83 162
Short-Term Investments		 275 96 38 338 438 1,127 844 231 279 257 826
Note & Lease Receivable		 - - 0.00 45 44 4.19 0.02 0.13 0.62 0.94 1.31
Accounts Receivable		 343 665 1,302 1,352 609 454 537 413 433 464 536
Inventories, net		 695 710 1,068 781 1,107 1,175 1,077 800 795 689 737
Other Current Assets		 - - - - 0.00 63 - 97 78 75 109
Plant, Property, & Equipment, net		 449 641 1,022 1,242 1,616 2,089 2,256 2,352 2,378 2,506 2,619
Total Noncurrent Assets		 751 867 830 1,122 2,053 2,181 2,365 2,250 2,518 2,581 2,997
Long-Term Investments		 154 144 92 311 734 740 778 699 714 734 1,135
Noncurrent Note & Lease Receivables		 - - - 0.00 261 243 180 - 78 59 57
Goodwill		 17 53 56 53 34 91 92 109 106 103 108
Intangible Assets		 113 104 62 51 48 51 50 49 47 45 46
Noncurrent Deferred & Refundable Income Taxes		 - 0.00 44 57 77 97 119 99 96 93 108
Other Noncurrent Operating Assets		 467 566 576 649 897 959 1,144 1,293 1,476 1,546 1,542
Total Liabilities & Shareholders' Equity		 3,050 3,598 5,828 6,341 6,975 9,065 9,774 9,493 10,186 10,266 11,274
Total Liabilities		 2,500 2,769 3,642 3,836 3,781 4,546 4,466 4,553 4,755 4,574 4,919
Total Current Liabilities		 1,852 2,091 2,955 3,776 3,435 4,086 4,044 4,136 4,313 4,100 4,416
Short-Term Debt		 14 0.00 256 966 157 160 310 390 201 329 836
Accounts Payable		 1,043 1,203 1,766 1,740 2,057 2,405 2,130 2,177 2,431 2,081 1,793
Accrued Expenses		 473 476 543 802 938 1,184 1,202 1,217 1,347 1,324 1,422
Current Deferred Revenue		 322 412 390 268 235 291 358 310 302 344 345
Other Current Liabilities		 - - - 0.00 48 46 45 42 33 22 21
Total Noncurrent Liabilities		 648 678 687 59 346 459 422 417 442 474 503
Capital Lease Obligations		 - - - 0.00 200 209 150 - 97 81 80
Noncurrent Deferred Revenue		 3.46 35 56 58 112 165 161 213 247 286 322
Noncurrent Deferred & Payable Income Tax Liabilities		 27 14 2.61 0.72 24 67 69 83 98 107 101
Commitments & Contingencies		 - 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 550 829 2,187 2,505 3,195 4,520 5,308 4,940 5,431 5,692 6,355
Total Preferred & Common Equity		 539 822 2,193 2,512 3,134 4,383 5,121 4,749 5,206 5,476 5,864
Total Common Equity		 539 822 2,193 2,512 3,134 4,383 5,121 4,749 5,206 5,476 5,864
Common Stock		 432 449 1,337 1,366 1,430 1,664 1,919 1,898 626 673 214
Retained Earnings		 246 524 860 1,151 1,712 2,729 3,518 4,164 5,188 5,878 6,949
Treasury Stock		 -129 -101 - - - 0.00 -303 -1,211 -511 -965 -1,126
Accumulated Other Comprehensive Income / (Loss)		 -11 -49 -3.72 -4.50 -8.13 -9.07 -14 -103 -98 -111 -172
Noncontrolling Interest		 11 7.12 -6.74 -7.43 61 137 188 192 225 217 492

Quarterly Balance Sheets for Vipshop

No quarterly balance sheets for Vipshop are available.

Annual Metrics And Ratios for Vipshop

This table displays calculated financial ratios and metrics derived from Vipshop'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		 - - - - - - - - - - 95,769,295.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 95,769,295.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 10.81
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 64.58% 32.57% 37.88% 9.96% 8.53% 17.34% 17.25% -18.58% 6.28% -6.55% 1.97%
EBITDA Growth		 97.36% 38.65% 4.64% -13.83% 71.12% 24.38% 2.62% 11.35% 26.33% -0.95% -5.83%
EBIT Growth		 118.51% 31.97% 0.84% -9.06% 95.51% 23.62% 0.79% 12.97% 30.75% -2.23% -8.75%
NOPAT Growth		 137.56% 22.77% 3.49% -10.09% 96.26% 37.75% -8.28% 1.33% 48.35% -7.42% -3.80%
Net Income Growth		 89.81% 24.40% 1.63% 6.94% 84.32% 59.07% -19.11% 24.27% 26.23% -7.03% -1.34%
EPS Growth		 89.00% 27.44% -5.46% -2.07% 89.49% 44.66% -21.15% 45.67% 46.71% -3.20% 2.89%
Operating Cash Flow Growth		 -44.42% 39.24% -62.91% 455.43% 111.00% 3.03% -41.78% 44.11% 33.11% -38.40% -14.77%
Free Cash Flow Firm Growth		 -5,226,862.28% 79.32% -441.15% 167.09% 116.59% 56.22% -70.03% 274.20% 4.88% -45.52% -15.66%
Invested Capital Growth		 164.10% 154.15% 118.64% -0.82% -5.96% -17.83% 37.89% -27.65% -10.97% 37.57% 31.10%
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		 24.62% 24.03% 22.35% 20.19% 22.24% 20.90% 19.74% 20.96% 22.79% 23.49% 23.12%
EBITDA Margin		 6.43% 6.73% 5.11% 4.00% 6.31% 6.69% 5.85% 8.01% 9.51% 10.07% 9.25%
Operating Margin		 5.15% 4.78% 3.69% 2.86% 5.13% 5.75% 4.77% 6.01% 8.07% 8.46% 7.68%
EBIT Margin		 4.90% 4.88% 3.57% 2.95% 5.31% 5.60% 4.81% 6.67% 8.21% 8.57% 7.62%
Profit (Net Income) Margin		 3.75% 3.52% 2.60% 2.52% 4.29% 5.81% 4.01% 6.12% 7.27% 7.23% 7.00%
Tax Burden Percent		 73.58% 74.75% 74.48% 77.66% 80.65% 84.33% 79.90% 78.14% 82.12% 78.49% 83.12%
Interest Burden Percent		 104.15% 96.64% 97.74% 110.23% 100.07% 123.15% 104.30% 117.31% 107.77% 107.43% 110.41%
Effective Tax Rate		 22.32% 22.57% 24.64% 20.63% 19.90% 16.10% 20.82% 21.78% 18.68% 23.18% 20.18%
Return on Invested Capital (ROIC)		 0.00% 68.73% 31.11% 20.46% 41.57% 64.85% 55.44% 56.23% 105.13% 78.80% 56.65%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 74.63% 35.19% 17.32% 40.04% 59.12% 54.27% 50.75% 102.45% 76.30% 53.66%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -27.29% -11.85% -7.23% -21.48% -41.25% -40.45% -38.37% -82.85% -59.49% -39.06%
Return on Equity (ROE)		 46.69% 41.44% 19.26% 13.24% 20.08% 23.60% 14.99% 17.86% 22.28% 19.31% 17.59%
Cash Return on Invested Capital (CROIC)		 -156.88% -18.32% -43.36% 21.28% 47.71% 84.42% 23.58% 88.32% 116.74% 47.17% 29.73%
Operating Return on Assets (OROA)		 10.38% 11.90% 8.46% 5.96% 10.65% 10.93% 9.38% 10.36% 13.26% 12.45% 10.72%
Return on Assets (ROA)		 7.95% 8.60% 6.16% 5.10% 8.60% 11.35% 7.82% 9.50% 11.74% 10.50% 9.84%
Return on Common Equity (ROCE)		 45.06% 40.88% 19.26% 13.28% 19.90% 23.00% 14.49% 17.20% 21.38% 18.54% 16.56%
Return on Equity Simple (ROE_SIMPLE)		 42.63% 34.76% 13.24% 12.36% 18.26% 20.77% 14.38% 19.27% 22.19% 19.61% 0.00%
Net Operating Profit after Tax (NOPAT)		 245 301 311 280 549 756 694 703 1,043 965 929
NOPAT Margin		 4.00% 3.70% 2.78% 2.27% 4.11% 4.83% 3.78% 4.70% 6.56% 6.50% 6.13%
Net Nonoperating Expense Percent (NNEP)		 -2.70% -5.90% -4.08% 3.15% 1.53% 5.73% 1.17% 5.48% 2.68% 2.50% 2.99%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - 15.82% 12.77%
Cost of Revenue to Revenue		 75.38% 75.97% 77.65% 79.81% 77.76% 79.10% 80.26% 79.04% 77.21% 76.51% 76.88%
SG&A Expenses to Revenue		 5.91% 6.19% 5.84% 5.53% 6.06% 4.88% 4.88% 5.88% 5.24% 5.43% 5.79%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 19.47% 19.24% 18.66% 17.33% 17.11% 15.14% 14.97% 14.95% 14.72% 15.09% 15.44%
Earnings before Interest and Taxes (EBIT)		 300 396 399 363 709 877 884 998 1,305 1,274 1,155
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 394 546 571 492 842 1,048 1,075 1,197 1,512 1,496 1,401
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.17 1.52 0.62 0.28 0.59 0.84 0.22 0.38 0.39 0.26 0.30
Price to Tangible Book Value (P/TBV)		 4.17 1.88 0.65 0.29 0.60 0.87 0.22 0.39 0.40 0.26 0.31
Price to Revenue (P/Rev)		 0.28 0.15 0.12 0.06 0.14 0.23 0.06 0.12 0.13 0.09 0.12
Price to Earnings (P/E)		 7.05 4.29 4.51 2.26 3.19 4.05 1.51 1.98 1.78 1.33 1.68
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.31% 2.83%
Earnings Yield		 14.19% 23.32% 22.17% 44.33% 31.39% 24.71% 66.05% 50.55% 56.31% 75.33% 59.46%
Enterprise Value to Invested Capital (EV/IC)		 5.73 1.69 0.38 0.00 0.00 0.33 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.23 0.13 0.05 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 3.59 1.94 0.92 0.00 0.00 0.33 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 4.72 2.67 1.32 0.00 0.00 0.39 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 5.78 3.52 1.70 0.00 0.00 0.46 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.85 2.61 3.51 0.00 0.00 0.19 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.35 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.15 0.76 0.40 0.39 0.11 0.08 0.09 0.08 0.04 0.07 0.14
Long-Term Debt to Equity		 1.12 0.76 0.29 0.00 0.07 0.05 0.03 0.00 0.00 0.01 0.01
Financial Leverage		 -1.14 -0.37 -0.34 -0.42 -0.54 -0.70 -0.75 -0.76 -0.81 -0.78 -0.73
Leverage Ratio		 5.87 4.82 3.13 2.59 2.34 2.08 1.92 1.88 1.90 1.84 1.79
Compound Leverage Factor		 6.11 4.66 3.06 2.86 2.34 2.56 2.00 2.21 2.05 1.98 1.97
Debt to Total Capital		 53.48% 43.11% 28.79% 27.84% 10.30% 7.56% 7.97% 7.31% 3.57% 6.72% 12.59%
Short-Term Debt to Total Capital		 1.22% 0.00% 8.33% 27.84% 4.41% 3.28% 5.37% 7.31% 3.57% 5.39% 11.50%
Long-Term Debt to Total Capital		 52.25% 43.11% 20.46% 0.00% 5.89% 4.28% 2.59% 0.00% 0.00% 1.33% 1.10%
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		 0.95% 0.49% -0.22% -0.21% 1.70% 2.79% 3.25% 3.59% 4.00% 3.55% 6.76%
Common Equity to Total Capital		 45.57% 56.40% 71.43% 72.38% 88.00% 89.64% 88.78% 89.10% 92.44% 89.74% 80.65%
Debt to EBITDA		 1.61 1.15 1.55 1.96 0.44 0.35 0.43 0.33 0.13 0.27 0.65
Net Debt to EBITDA		 -0.77 -0.37 -1.43 -2.32 -2.27 -3.31 -3.59 -3.25 -2.97 -2.86 -3.21
Long-Term Debt to EBITDA		 1.57 1.15 1.10 0.00 0.25 0.20 0.14 0.00 0.00 0.05 0.06
Debt to NOPAT		 2.58 2.09 2.84 3.45 0.67 0.49 0.66 0.55 0.19 0.42 0.99
Net Debt to NOPAT		 -1.24 -0.67 -2.62 -4.09 -3.49 -4.59 -5.56 -5.54 -4.31 -4.43 -4.84
Long-Term Debt to NOPAT		 2.52 2.09 2.02 0.00 0.38 0.28 0.22 0.00 0.00 0.08 0.09
Altman Z-Score		 2.85 3.09 2.78 2.53 2.86 3.05 2.97 2.87 3.07 2.97 2.89
Noncontrolling Interest Sharing Ratio		 3.50% 1.33% 0.01% -0.30% 0.93% 2.56% 3.30% 3.70% 4.02% 3.97% 5.88%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.00 1.00 1.35 1.05 0.96 1.17 1.27 1.18 1.23 1.26 1.28
Quick Ratio		 0.61 0.65 0.97 0.83 0.59 0.84 0.97 0.92 1.00 1.06 1.05
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -387 -80 -434 291 630 984 295 1,104 1,158 578 487
Operating Cash Flow to CapEx		 87.35% 144.51% 44.82% 228.40% 187.90% 611.87% 288.56% 440.53% 732.38% 337.77% 375.38%
Free Cash Flow to Firm to Interest Expense		 -29.68 -6.56 -34.28 12.51 51.03 95.02 130.01 313.90 358.49 73.14 37.86
Operating Cash Flow to Interest Expense		 22.33 33.23 11.90 35.97 142.90 175.49 466.40 433.66 628.58 158.28 82.79
Operating Cash Flow Less CapEx to Interest Expense		 -3.23 10.24 -14.66 20.22 66.85 146.81 304.77 335.22 542.75 111.42 60.74
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 2.12 2.44 2.37 2.02 2.01 1.95 1.95 1.55 1.62 1.45 1.41
Accounts Receivable Turnover		 25.61 16.10 11.37 9.27 13.62 29.46 37.05 31.48 37.56 33.10 30.28
Inventory Turnover		 7.25 8.78 9.77 10.62 11.00 10.86 13.09 12.60 15.39 15.31 16.33
Fixed Asset Turnover		 16.18 14.89 13.46 10.87 9.34 8.46 8.45 6.49 6.72 6.08 5.91
Accounts Payable Turnover		 4.52 5.49 5.85 5.60 5.47 5.56 6.50 5.49 5.33 5.04 6.01
Days Sales Outstanding (DSO)		 14.25 22.66 32.09 39.37 26.80 12.39 9.85 11.60 9.72 11.03 12.05
Days Inventory Outstanding (DIO)		 50.32 41.59 37.34 34.38 33.19 33.61 27.89 28.98 23.71 23.84 22.35
Days Payable Outstanding (DPO)		 80.67 66.48 62.36 65.17 66.73 65.70 56.13 66.50 68.53 72.46 60.71
Cash Conversion Cycle (CCC)		 -16.10 -2.23 7.07 8.58 -6.75 -19.71 -18.40 -25.93 -35.10 -37.59 -26.31
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 247 628 1,372 1,361 1,280 1,052 1,451 1,049 934 1,419 1,860
Invested Capital Turnover		 -88.48 18.55 11.19 9.00 10.11 13.44 14.68 11.96 16.03 12.12 9.24
Increase / (Decrease) in Invested Capital		 632 381 745 -11 -81 -228 399 -401 -115 387 441
Enterprise Value (EV)		 1,414 1,058 528 -452 -17 346 -2,558 -1,892 -2,242 -2,649 -2,262
Market Capitalization		 1,706 1,252 1,349 699 1,837 3,677 1,112 1,807 2,030 1,408 1,742
Book Value per Share		 $4.70 $7.05 $18.59 $19.15 $23.58 $32.69 $37.73 $34.97 $44.43 $50.49 $57.18
Tangible Book Value per Share		 $3.57 $5.71 $17.59 $18.35 $22.96 $31.62 $36.67 $33.80 $43.12 $49.12 $55.68
Total Capital		 1,182 1,457 3,071 3,471 3,561 4,889 5,768 5,330 5,632 6,102 7,271
Total Debt		 632 628 884 966 367 370 459 390 201 410 915
Total Long-Term Debt		 618 628 628 0.00 210 209 150 0.00 0.00 81 80
Net Debt		 -303 -201 -814 -1,144 -1,914 -3,468 -3,858 -3,891 -4,497 -4,273 -4,495
Capital Expenditures (CapEx)		 334 281 336 366 939 297 367 346 277 370 284
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -769 -686 -329 -632 -1,518 -2,229 -2,120 -2,436 -2,805 -2,542 -2,197
Debt-free Net Working Capital (DFNWC)		 13 -0.37 1,278 1,167 28 869 1,420 1,145 1,178 1,408 2,079
Net Working Capital (NWC)		 -1.93 -0.37 1,022 201 -129 708 1,110 755 977 1,079 1,243
Net Nonoperating Expense (NNE)		 15 15 21 -31 -23 -154 -43 -212 -112 -109 -131
Net Nonoperating Obligations (NNO)		 -303 -201 -814 -1,144 -1,914 -3,468 -3,858 -3,891 -4,497 -4,273 -4,495
Total Depreciation and Amortization (D&A)		 94 150 172 130 133 171 191 199 207 222 246
Debt-free, Cash-free Net Working Capital to Revenue		 -12.56% -8.45% -2.94% -5.14% -11.37% -14.23% -11.54% -16.29% -17.65% -17.11% -14.51%
Debt-free Net Working Capital to Revenue		 0.20% 0.00% 11.42% 9.49% 0.21% 5.54% 7.73% 7.65% 7.41% 9.48% 13.72%
Net Working Capital to Revenue		 -0.03% 0.00% 9.13% 1.63% -0.97% 4.52% 6.04% 5.05% 6.15% 7.26% 8.21%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.12 $2.53 $2.55 $2.34 $4.32 $43.73 $34.38 $49.51 $73.32 $10.00 $10.35
Adjusted Weighted Average Basic Shares Outstanding		 115.74M 115.96M 117.55M 132.27M 133.52M 135.08M 136.18M 127.24M 110.70M 106.07M 100.07M
Adjusted Diluted Earnings per Share		 $2.04 $2.43 $2.45 $2.27 $4.25 $42.79 $33.74 $49.15 $72.11 $9.83 $10.12
Adjusted Weighted Average Diluted Shares Outstanding		 120.17M 125.82M 125.72M 140.08M 136.08M 138.04M 138.75M 128.16M 112.55M 107.86M 102.38M
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		 116.60M 118.02M 131.23M 132.91M 134.09M 135.73M 135.79M 117.18M 108.46M 102.54M 95.77M
Normalized Net Operating Profit after Tax (NOPAT)		 245 301 311 280 581 756 694 703 1,043 972 929
Normalized NOPAT Margin		 4.00% 3.70% 2.78% 2.27% 4.35% 4.83% 3.78% 4.70% 6.56% 6.54% 6.13%
Pre Tax Income Margin		 5.10% 4.71% 3.48% 3.25% 5.32% 6.89% 5.02% 7.83% 8.85% 9.21% 8.42%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 22.96 32.38 31.53 15.60 57.43 84.62 389.40 283.84 404.10 161.19 89.67
NOPAT to Interest Expense		 18.75 24.61 24.59 12.03 44.46 72.99 305.67 199.85 322.83 122.17 72.13
EBIT Less CapEx to Interest Expense		 -2.61 9.38 4.98 -0.15 -18.62 55.94 227.77 185.40 318.27 114.33 67.62
NOPAT Less CapEx to Interest Expense		 -6.81 1.61 -1.96 -3.72 -31.60 44.31 144.04 101.41 237.00 75.31 50.07
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.21% 0.39% 0.93% 1.05% 22.46% 24.53%
Augmented Payout Ratio		 43.10% 9.72% 0.00% 0.00% 0.00% 0.21% 41.70% 100.07% 63.32% 71.77% 91.21%

Quarterly Metrics And Ratios for Vipshop

No quarterly metrics and ratios for Vipshop are available.


Financials Breakdown Chart

Frequently Asked Questions About Vipshop's Financials

When does Vipshop's financial year end?

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

How has Vipshop's net income changed over the last 10 years?

Vipshop's net income appears to be on an upward trend, with a most recent value of $1.06 billion in 2025, rising from $229.70 million in 2015. The previous period was $1.07 billion in 2024. See where experts think Vipshop is headed by visiting Vipshop's forecast page.

What is Vipshop's operating income?
Vipshop's total operating income in 2025 was $1.16 billion, based on the following breakdown:
  • Total Gross Profit: $3.50 billion
  • Total Operating Expenses: $2.34 billion
How has Vipshop's revenue changed over the last 10 years?

Over the last 10 years, Vipshop's total revenue changed from $6.12 billion in 2015 to $15.15 billion in 2025, a change of 147.5%.

How much debt does Vipshop have?

Vipshop's total liabilities were at $4.92 billion at the end of 2025, a 7.5% increase from 2024, and a 96.7% increase since 2015.

How much cash does Vipshop have?

In the past 10 years, Vipshop's cash and equivalents has ranged from $506.13 million in 2015 to $3.61 billion in 2024, and is currently $3.29 billion as of their latest financial filing in 2025.

How has Vipshop's book value per share changed over the last 10 years?

Over the last 10 years, Vipshop's book value per share changed from 4.70 in 2015 to 57.18 in 2025, a change of 1,115.5%.


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Financial statements for NYSE:VIPS last updated on 4/17/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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