JD.com Inc Adr (JD) financial statements

Consumer Cyclical · Internet Retail · Market cap $35.1B

JD.com Inc Adr reported revenue of 1.31T CNY in fiscal 2025, up 19.8% a year over 9 years.

Net income was 19.6B CNY and the operating margin 0.2%, against -0.5% in 2016.

Free cash flow was 11.2B CNY, and the company returned 10.4B CNY in dividends and 21.4B CNY in net buybacks.

The diluted share count rose 6% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (CNY).

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<p style="font-size:13px">Source: <a href="https://investingly.io/stocks/JD/financials">JD.com Inc Adr financials</a> on Investingly</p>

Income statement

Fiscal years, in CNY, from JD.com Inc Adr's 10-K filings with the SEC.

Fiscal year	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	258.3B CNY	362.3B CNY	462.0B CNY	576.9B CNY	745.8B CNY	951.6B CNY	1.05T CNY	1.08T CNY	1.16T CNY	1.31T CNY
Cost of revenue	222.9B CNY	311.5B CNY	396.1B CNY	492.5B CNY	636.7B CNY	822.5B CNY	899.2B CNY	925.0B CNY	975.0B CNY	1.10T CNY
Gross profit	35.4B CNY	50.8B CNY	66.0B CNY	84.4B CNY	109.1B CNY	129.1B CNY	147.1B CNY	159.7B CNY	183.9B CNY	210.0B CNY
Research and development	—	6.7B CNY	12.1B CNY	14.6B CNY	16.1B CNY	16.3B CNY	16.9B CNY	16.4B CNY	17.0B CNY	22.2B CNY
Selling, general and admin	13.6B CNY	19.1B CNY	24.4B CNY	27.7B CNY	33.6B CNY	50.3B CNY	48.8B CNY	49.8B CNY	56.8B CNY	95.9B CNY
Operating income	-1.3B CNY	-835M CNY	-2.6B CNY	9.0B CNY	12.3B CNY	4.1B CNY	19.7B CNY	26.0B CNY	38.7B CNY	2.8B CNY
Interest expense	619M CNY	964M CNY	855M CNY	725M CNY	1.1B CNY	1.2B CNY	2.1B CNY	2.9B CNY	2.9B CNY	2.8B CNY
Pre-tax income	-1.9B CNY	121M CNY	-2.4B CNY	13.7B CNY	50.8B CNY	-2.6B CNY	13.9B CNY	31.6B CNY	51.5B CNY	25.3B CNY
Income tax	166M CNY	140M CNY	427M CNY	1.8B CNY	1.5B CNY	1.9B CNY	4.2B CNY	8.4B CNY	6.9B CNY	2.2B CNY
Net income	-3.8B CNY	-152M CNY	-2.5B CNY	12.2B CNY	49.4B CNY	-3.6B CNY	10.4B CNY	24.2B CNY	41.4B CNY	19.6B CNY
EPS (diluted)	-1.36 CNY	-0.05 CNY	-0.87 CNY	4.11 CNY	15.84 CNY	-1.15 CNY	3.21 CNY	7.61 CNY	13.43 CNY	6.45 CNY
Diluted shares	2.80B	2.91B	2.88B	2.97B	3.11B	3.11B	3.18B	3.17B	3.08B	2.98B
Gross margin	13.7%	14.0%	14.3%	14.6%	14.6%	13.6%	14.1%	14.7%	15.9%	16.0%
Operating margin	-0.5%	-0.2%	-0.6%	1.6%	1.7%	0.4%	1.9%	2.4%	3.3%	0.2%
Net margin	-1.5%	-0.0%	-0.5%	2.1%	6.6%	-0.4%	1.0%	2.2%	3.6%	1.5%

Balance sheet

Fiscal years, in CNY, from JD.com Inc Adr's 10-K filings with the SEC.

Fiscal year	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Cash and short-term investments	22.1B CNY	34.3B CNY	36.3B CNY	61.6B CNY	146.7B CNY	185.3B CNY	220.0B CNY	190.1B CNY	234.0B CNY	213.2B CNY
Receivables	16.1B CNY	16.4B CNY	11.1B CNY	6.2B CNY	7.1B CNY	11.9B CNY	20.6B CNY	20.3B CNY	25.6B CNY	27.3B CNY
Inventory	28.9B CNY	41.7B CNY	44.0B CNY	57.9B CNY	58.9B CNY	75.6B CNY	77.9B CNY	68.1B CNY	89.3B CNY	95.4B CNY
Total current assets	106.9B CNY	115.0B CNY	104.9B CNY	139.1B CNY	234.8B CNY	299.7B CNY	351.1B CNY	307.8B CNY	386.7B CNY	374.4B CNY
Property, plant and equipment	7.0B CNY	12.6B CNY	21.1B CNY	20.7B CNY	22.6B CNY	32.9B CNY	55.1B CNY	70.0B CNY	82.7B CNY	91.3B CNY
Goodwill	6.5B CNY	6.7B CNY	6.6B CNY	6.6B CNY	10.9B CNY	12.4B CNY	23.1B CNY	20.0B CNY	25.7B CNY	26.3B CNY
Total assets	160.4B CNY	184.1B CNY	209.2B CNY	259.7B CNY	422.3B CNY	496.5B CNY	595.2B CNY	629.0B CNY	698.2B CNY	695.2B CNY
Total current liabilities	104.7B CNY	118.3B CNY	120.9B CNY	140.0B CNY	174.0B CNY	221.6B CNY	266.6B CNY	265.6B CNY	299.5B CNY	306.1B CNY
Long-term debt	—	—	3.1B CNY	—	—	—	—	—	—	—
Total liabilities	119.2B CNY	131.7B CNY	132.3B CNY	159.1B CNY	200.7B CNY	249.7B CNY	321.1B CNY	332.6B CNY	384.9B CNY	401.4B CNY
Shareholders' equity	33.9B CNY	52.0B CNY	59.8B CNY	81.9B CNY	187.5B CNY	208.9B CNY	213.4B CNY	231.9B CNY	239.3B CNY	225.0B CNY
Net debt	-15.6B CNY	-25.7B CNY	-31.2B CNY	-37.0B CNY	-86.1B CNY	-70.8B CNY	-78.9B CNY	-71.9B CNY	-104.7B CNY	-134.3B CNY

Cash flow

Fiscal years, in CNY, from JD.com Inc Adr's 10-K filings with the SEC.

Fiscal year	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating cash flow	8.2B CNY	26.9B CNY	20.9B CNY	24.8B CNY	42.5B CNY	42.3B CNY	57.8B CNY	59.5B CNY	58.1B CNY	19.0B CNY
Capital spending	1.4B CNY	3.3B CNY	7.4B CNY	2.6B CNY	3.4B CNY	5.6B CNY	5.5B CNY	4.0B CNY	5.4B CNY	7.8B CNY
Free cash flow	6.9B CNY	23.6B CNY	13.5B CNY	22.2B CNY	39.2B CNY	36.7B CNY	52.3B CNY	55.5B CNY	52.7B CNY	11.2B CNY
Stock-based compensation	2.1B CNY	2.8B CNY	3.7B CNY	3.7B CNY	4.2B CNY	9.1B CNY	7.5B CNY	4.8B CNY	3.0B CNY	4.7B CNY
Dividends paid	—	—	—	—	0 CNY	0 CNY	13.1B CNY	6.7B CNY	8.3B CNY	10.4B CNY
Share buybacks (net)	-5.3B CNY	—	-206M CNY	-131M CNY	-312M CNY	-5.2B CNY	-1.8B CNY	-2.5B CNY	-25.9B CNY	-21.4B CNY
Net borrowing	—	—	2.9B CNY	—	-123M CNY	-29M CNY	10.5B CNY	2.0B CNY	375M CNY	10.3B CNY
Free cash flow margin	2.7%	6.5%	2.9%	3.8%	5.3%	3.9%	5.0%	5.1%	4.6%	0.9%
Dividends per share	—	—	—	—	—	—	4.11 CNY	2.13 CNY	2.69 CNY	3.49 CNY

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Questions

What was JD.com Inc Adr's revenue in 2025?

1.31T CNY in fiscal 2025, from its 10-K filing.

How much free cash flow does JD.com Inc Adr generate?

11.2B CNY in fiscal 2025 (operating cash flow minus capital spending).

From JD.com Inc Adr's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.