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) EV/EBITDA

Alert me on EV/EBITDA

As of 3 November 2026, JD.com, Inc. (JD) trades at a EV/EBITDA of 34.7×. Over the past ten years it has ranged from 0.0× (June 2026) to 718× (December 2017); the current reading is higher than 69% of that period. That is above the Internet Retail industry median of 18.4× and above the Consumer Cyclical sector median of 9.7×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 47.1× 860.79%
FY2024 4.9× (16.55%)
FY2023 5.9× (73.50%)
FY2022 22.2× (82.21%)
FY2021 125× 108.72%
FY2020 59.7× 105.06%
FY2019 29.1× —
FY2018 0.0× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 27.8× —
Mar 2026 0.0× —
Dec 2025 47.1× 242.70%
Sep 2025 13.8× 129.70%
42 more quarters

Against its own ten years

Low 0.0× High 718×
Ten-year median 7.2×
Current reading's percentile 69

EV/EBITDA against peers

Company EV/EBITDA
CPNG Coupang, Inc. compare n/m
SE Sea Limited Sponsored ADR compare 16.8×
CART Maplebear Inc. compare 17.9×
CHWY Chewy compare 19.0×
EBAY eBay Inc. compare 19.0×
MELI MercadoLibre, Inc. compare 19.6×
W Wayfair Inc. compare 32.8×
JD JD.com, Inc. 34.7×
DASH DoorDash, Inc. compare 35.9×
Internet Retail industry median 18.4×
Consumer Cyclical sector median 9.7×
Market median 11.2×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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