Vipshop Holdings Limited

VIPS Consumer Cyclical Internet Retail

Vipshop Holdings Limited’s revenue for fiscal 2025 (year ended December 2025) was $15.1 billion, up 1.97% from fiscal 2024.

Revenue
+1.08%
EPS
+222.0%
Free cash flow
+38.3%

Quarter to June 2026, against a year earlier

13.82 0.78 +5.98%
Market cap
$5.2B
P/E
4.2×
Fwd P/E
4.3×
Dividend yield
4.73%
F-score
6/9
Altman Z
3.76
Beneish M
−2.45
Dividend safety
88/100

Vipshop Holdings Limited (VIPS) Net margin

Alert me on Net margin

Vipshop Holdings Limited's net margin over the twelve months to 30 June 2026 was 9.82%, up 3.0 percentage points from fiscal 2025 (6.84%). Over the past ten years it has ranged from 2.52% (fiscal 2018) to 7.19% (fiscal 2023); the current reading is higher than 82% of that period. That is above the Internet Retail industry median of 0.56% and above the Consumer Cyclical sector median of 2.02%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 6.84% (0.30)
FY2024 7.14% (0.05)
FY2023 7.19% 1.08
FY2022 6.11% 2.11
FY2021 4.00% (1.80)
FY2020 5.80% 1.48
FY2019 4.32% 1.80
FY2018 2.52% (0.15)
FY2017 2.67% (0.93)
FY2016 3.60% (0.35)

Quarterly newest first

Period Net margin Change (points)
Jun 2026 17.4% 9.13
Mar 2026 8.30% 0.41
Dec 2025 7.89% 2.18
Sep 2025 5.71% (0.06)
42 more quarters

Against its own ten years

Low 2.52% High 7.19%
Ten-year median 4.32%
Current reading's percentile 100

Net margin against peers

Company Net margin
ETSY Etsy, Inc. compare 32.8%
GLBE Global-e Online Ltd. compare 13.9%
CART Maplebear Inc. compare 11.8%
VIPS Vipshop Holdings Limited 9.82%
LQDT Liquidity Services, Inc. compare 6.79%
RVLV Revolve Group, Inc. compare 4.81%
CHWY Chewy compare 2.09%
W Wayfair Inc. compare −2.49%
PTRN Pattern Group Inc. compare −4.57%
Internet Retail industry median 0.56%
Consumer Cyclical sector median 2.02%
Market median 1.22%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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