JD.com, Inc.

JD Consumer Cyclical Internet Retail

JD.com, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $187.2 billion, up 17.9% from fiscal 2024.

Revenue
+2.54%
EPS
+27.9%
Free cash flow
+64.8%
Total debt
−12.8%

Quarter to June 2026, against a year earlier

27.77 0.86 +3.20%
Market cap
$32.4B
P/E
16.6×
Fwd P/E
9.8×
Dividend yield
3.71%
F-score
5/9
Altman Z
2.61
Beneish M
−2.41
Dividend safety
48/100

JD.com, Inc. (JD) Debt to equity

Alert me on Debt to equity

JD.com, Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 0.2×, down 0.0× from fiscal 2025 (0.2×). Over the past ten years it has ranged from 0.1× (fiscal 2021) to 0.8× (fiscal 2016); the current reading is higher than 82% of that period. That is above the Internet Retail industry median of 0.1× and below the Consumer Cyclical sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.2× 17.14%
FY2024 0.2× 28.89%
FY2023 0.2× 2.58%
FY2022 0.2× 176.61%
FY2021 0.1× (46.87%)
FY2020 0.1× (34.62%)
FY2019 0.2× (31.95%)
FY2018 0.2× (47.87%)
FY2017 0.5× (45.78%)
FY2016 0.8× 315.31%

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.2× (21.05%)
Mar 2026 0.3× 5.34%
Dec 2025 0.2× (5.18%)
Sep 2025 0.3× 10.19%
42 more quarters

Against its own ten years

Low 0.1× High 0.8×
Ten-year median 0.2×
Current reading's percentile 82

Debt to equity against peers

Company Debt to equity
W Wayfair Inc. compare −1.0×
CART Maplebear Inc. compare 0.0×
CPNG Coupang, Inc. compare 0.0×
SE Sea Limited Sponsored ADR compare 0.1×
JD JD.com, Inc. 0.2×
DASH DoorDash, Inc. compare 0.3×
MELI MercadoLibre, Inc. compare 1.4×
EBAY eBay Inc. compare 1.5×
CHWY Chewy compare 1.6×
Internet Retail industry median 0.1×
Consumer Cyclical sector median 0.2×
Market median 0.2×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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