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) Operating margin

Alert me on Operating margin

JD.com, Inc.'s operating margin over the twelve months to 30 June 2026 was 0.15%, down 0.1 percentage points from fiscal 2025 (0.21%). Over the past ten years it has ranged from −2.11% (fiscal 2015) to 3.34% (fiscal 2024); the current reading is higher than 45% of that period. That is below the Internet Retail industry median of 0.76% and below the Consumer Cyclical sector median of 3.97%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 0.21% (3.13)
FY2024 3.34% 0.94
FY2023 2.40% 0.51
FY2022 1.89% 1.45
FY2021 0.44% (1.21)
FY2020 1.65% 0.09
FY2019 1.56% 2.13
FY2018 −0.57% (0.34)
FY2017 −0.23% 0.59
FY2016 −0.82% 1.29

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 1.31% 0.10
Mar 2026 1.21% 2.67
Dec 2025 −1.46% (1.11)
Sep 2025 −0.35% (0.11)
42 more quarters

Against its own ten years

Low −2.11% High 3.34%
Ten-year median 0.44%
Current reading's percentile 33

Operating margin against peers

Company Operating margin
EBAY eBay Inc. compare 20.3%
CART Maplebear Inc. compare 14.8%
MELI MercadoLibre, Inc. compare 8.26%
SE Sea Limited Sponsored ADR compare 8.24%
DASH DoorDash, Inc. compare 5.25%
CHWY Chewy compare 2.51%
W Wayfair Inc. compare 1.67%
JD JD.com, Inc. 0.15%
CPNG Coupang, Inc. compare −3.43%
Internet Retail industry median 0.76%
Consumer Cyclical sector median 3.97%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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