Vipshop Holdings Limited (VIPS) revenue breakdown
By segment, Vip.Com is the largest at 95% of fiscal 2025 revenue, growing 7% a year over 9 years.
By product, Product revenues is the largest at 92% of fiscal 2025 revenue; Other revenues grew fastest, 23% a year over 9 years.
Revenue by segment
Fiscal years, as Vipshop Holdings Limited reports them in its 10-K filings; fiscal 2025 total $105.9B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Vip.Com | $56.6B | $72.9B | $84.2B | $91.4B | $99.3B | $114.2B | $100.8B | $109.2B | $104.4B | $101.1B | 95% |
| Shan Shan Outlets | — | — | — | $246M | $1.2B | $1.6B | $1.9B | $2.8B | $3.3B | $4.1B | 4% |
| Other | — | — | — | — | — | — | — | $907M | $757M | $725M | 1% |
| Others | $115M | $250M | $754M | $2.6B | $2.9B | $3.2B | $2.1B | — | — | — | — |
Revenue by product
Fiscal years, as Vipshop Holdings Limited reports them in its 10-K filings; fiscal 2025 total $105.9B.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Product revenues | — | — | $81.5B | $88.7B | $97.4B | $111.3B | $97.3B | $105.6B | $100.7B | $97.4B | 92% |
| Other revenues | $1.3B | $1.7B | $3.0B | $4.3B | $4.4B | $5.8B | $5.9B | $7.2B | $7.7B | $8.5B | 8% |
| Apparel | $20.4B | $24.6B | — | — | — | — | — | — | — | — | — |
| Cosmetics | $7.6B | $10.6B | — | — | — | — | — | — | — | — | — |
| Home goods and other lifestyle products | $6.6B | $9.9B | — | — | — | — | — | — | — | — | — |
| Shoes and bags | $7.7B | $8.3B | — | — | — | — | — | — | — | — | — |
| Toys, kids and baby | $5.5B | $7.0B | — | — | — | — | — | — | — | — | — |
| Other goods | $3.9B | $6.0B | — | — | — | — | — | — | — | — | — |
| Sportswear and sporting goods | $3.5B | $4.7B | — | — | — | — | — | — | — | — | — |
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Where does Vipshop Holdings Limited make its money?
In fiscal 2025, by segment: Vip.Com $101.1B, Shan Shan Outlets $4.1B, Other $725M.
From Vipshop Holdings Limited's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.