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Profile & Fundamentals

JD.com Profile & Fundamentals

Name: JD.com financial chart data preview
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Company and Market Context

Company Profile & Ownership

JD.com, Inc. operates as a supply chain-based technology and service provider in the People's Republic of China and Europe. It operates through three segments: JD Retail, JD Logistics, and New Businesses. The company provides home appliances; mobile handsets and other digital products; computers, including desktop, laptop, and other various products, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics and other personal care items; and pet products. It offers women's shoes, bags, watches, jewelry, and luxury goods; men's shoes, sports gear, and fitness equipment; automobiles and accessories; maternal and childcare products; toys and musical instruments; food, beverages, and fresh produce; gifts, flowers, and plants; and pharmaceutical and healthcare products, such as OCT pharmaceutical products, nutritional supplements, healthcare services, and other healthcare equipment. In addition, the company provides books, e-books, music, movies, and other media products; virtual goods consisting of online travel agency, attraction tickets, and prepaid phone cards and game cards; industrial products; and installation and maintenance services. Further, it offers online marketplace services for third-party merchants; marketing services; and omni-channel solutions to customers and offline retailers, as well as online healthcare services. Additionally, the company develops, owns, and manages its logistics facilities and other real estate properties to support third parties; and offers asset management services and integrated service platform; leasing of storage facilities and related management services, as well as engages in online retail business; technology-driven supply chain solutions; and logistics services. The company was formerly known as 360buy Jingdong Inc. and changed its name to JD.com, Inc. in January 2014. JD.com, Inc. was incorporated in 2006 and is headquartered in Beijing, the People's Republic of China.

Company profile record

JD.com Inc Adr

Common Stock · Consumer Discretionary · Broadline Retail

Official website

Company

Company / asset: JD.com Inc Adr
Security type: Common Stock
Sector: Consumer Discretionary
Industry: Broadline Retail
HQ: 🇨🇳 China
Head office: Building A, 20th Floor, Beijing, China, 101111

Leadership & scale

Chief executive: Ms. Ran Xu CPA
CEO year born: 1982
Full-time employees: 900K
Fiscal year end: December
IPO date: 2014-05-22

Fundamentals snapshot

Updated 2026-09-13

Market Cap: USD 37.9B
P/E: 17.8x
Revenue (Q2 26): CNY 345.4B
Profit (Q2 26): CNY 7.1B
Dividend Yield: 2.5%
Revenue (FY 25): CNY 1.31T
Shares in public float: 1.2B
Insider ownership: 1.01%

Reporting & identifiers

Symbol: JD.NASDAQ
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: CNY
Balance Sheet Currency: CNY
Cash Flow Currency: CNY
EPS Currency: CNY
Contract Type: ADR
ISIN: US47215P1066
Asset ID: equity_7a450250-b41b-5c37-992e-3abb7b5c8b66

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

Dodge & Cox12,194,648 shares · 0.90% · Reported 2026-06-30
Fidelity International Ltd11,820,000 shares · 0.88% · Reported 2026-03-31
Dodge & Cox International Stock I11,731,048 shares · 0.87% · Reported 2026-06-30
Newlands Management Operations LLC11,693,590 shares · 0.87% · Reported 2026-06-30
Franklin Templeton Inc10,608,107 shares · 0.79% · Reported 2026-03-31
Susquehanna International Group, LLP10,341,787 shares · 0.77% · Reported 2026-03-31
Robeco Institutional Asset Management BV8,121,456 shares · 0.60% · Reported 2026-06-30

View more holders (8)

Fidelity Canadian Large Cap Sr B6,700,000 shares · 0.50% · Reported 2026-06-30
North of South Capital LLP6,661,845 shares · 0.49% · Reported 2026-06-30
Amvescap Plc.6,242,252 shares · 0.46% · Reported 2026-03-31
Discerene Group LP5,957,841 shares · 0.44% · Reported 2026-06-30
CoreView Capital Management Ltd5,541,555 shares · 0.41% · Reported 2026-06-30
Schwab Fundamental Emerging MarketsEqETF5,509,803 shares · 0.41% · Reported 2026-08-29
Charles Schwab Investment Management Inc5,405,862 shares · 0.40% · Reported 2026-03-31
Bank of America Corp4,998,428 shares · 0.37% · Reported 2026-03-31

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The company's financial reports show a clear split between its overall sales and its actual cash generation. On one hand, sales growth has slowed down significantly because Chinese consumers are spending less on big-ticket items like electronics. This slow growth, combined with expensive price wars, caused a sharp drop in reported net income. However, the company's cash-generating engine remains incredibly strong, bringing in billions in free cash flow. Most financial reviews agree that the company is successfully transitioning from a high-growth business to a cash-harvesting machine. While some experts worry about temporary drops in quarterly cash flow, there is broad agreement that the company's aggressive plan to buy back its own stock will help boost earnings per share over the long run, even if overall sales remain flat.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The company's profit margins have been the main battleground lately. A brutal price war with low-cost competitors severely crushed operating margins in the past year. However, there is strong agreement that the worst of this margin squeeze is over. The company's core retail margins are already showing a healthy recovery as it dials back on unprofitable promotions. While gross margins remain stable, opinions clash on how high can go in the future. Some expect a rapid rebound as government regulators step in to stop destructive price-cutting, while others believe intense competition will keep margins permanently lower than historical levels. Overall, the consensus is that even a small recovery in will lead to a massive boost in earnings.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	37,427,574,820.14	619,690,935.25	-287,833,669.06	15.16	-0.82	-0.77	1.66
2017-12-31	55,657,719,508.45	2,068,417,511.52	19,779,416.28	14.02	-0.23	0.04	3.72
2018-12-31	67,154,034,738.37	-70,940,697.67	-362,155,959.3	14.28	-0.57	-0.54	-0.11
2019-12-31	82,886,206,896.55	3,055,528,591.95	1,750,574,712.64	14.63	1.56	2.11	3.69
2020-12-31	114,211,638,591.12	5,340,628,943.34	7,565,849,923.43	14.63	1.65	6.62	4.68
2021-12-31	149,621,383,647.8	3,731,985,849.06	-559,748,427.67	13.56	0.44	-0.37	2.49
2022-12-31	151,628,405,797.1	5,194,057,971.01	1,504,347,826.09	14.06	1.89	0.99	3.43
2023-12-31	152,769,295,774.65	5,564,225,352.11	3,403,802,816.9	14.72	2.4	2.23	3.64
2024-12-31	158,742,328,767.12	6,065,205,479.45	5,665,616,438.36	9.79	3.34	3.57	3.82
2025-12-31	187,279,685,264.66	687,696,709.59	2,808,440,629.47	9.31	0.21	1.5	0.37

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	15.74	Trailing four quarters
2024-12-31	18.34	Trailing four quarters
2023-12-31	13.52	Trailing four quarters
2022-12-31	59.29	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	2,849,216,000
2018-01-01	2,895,114,000
2019-01-01	1,490,130,500
2020-01-01	1,602,453,000
2021-01-01	1,555,357,000
2022-01-01	1,589,000,000
2023-01-01	1,583,000,000
2024-01-01	3,041,000,000
2025-01-01	1,489,000,000
2026-01-01	1,408,000,000

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