JD.com, Inc. (JD) balance sheet

NASDAQ · Consumer Cyclical · Specialty Retail · 900,000 employees · CEO Ran Xu

Price: $25.68 +0.20%
Market cap: $34.7B
Enterprise value: CN¥224B
Last report: Q2 '26 filed 2026-08-13
Next report: 2026-11-12

At the end of Q2 '26 JD.com, Inc. (JD) held CN¥235B in cash and short-term investments against CN¥105B of debt incl. leases. Total assets CN¥726B, total liabilities CN¥443B, shareholders' equity CN¥219B.

Balance sheet

Balance sheet	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Assets
Cash & equivalents	CN¥116B	CN¥71.9B	CN¥81.6B	CN¥84.5B	CN¥99.1B	CN¥108B	CN¥96.8B	CN¥117B	CN¥113B	CN¥150B	CN¥115B	CN¥103B
Short-term investments	CN¥126B	CN¥118B	CN¥90.4B	CN¥117B	CN¥91.8B	CN¥126B	CN¥97.4B	CN¥97.3B	CN¥85.2B	CN¥75.8B	CN¥99.9B	CN¥133B
Receivables	CN¥25.3B	CN¥22.4B	CN¥20.5B	CN¥25.1B	CN¥22.9B	CN¥30.4B	CN¥34.7B	CN¥44B	CN¥41.5B	CN¥29.5B	CN¥26.3B	CN¥29.9B
Inventory	CN¥64.6B	CN¥68.1B	CN¥68B	CN¥70.6B	CN¥72.9B	CN¥89.3B	CN¥95.4B	CN¥104B	CN¥101B	CN¥101B	CN¥103B	CN¥120B
Other current assets	CN¥21.9B	CN¥24.4B	CN¥21.2B	CN¥22.4B	CN¥21.1B	CN¥25.4B	CN¥26.8B	CN¥26.6B	CN¥30.4B	CN¥18.3B	CN¥19.2B	CN¥19.4B
Current assets	CN¥358B	CN¥308B	CN¥284B	CN¥322B	CN¥311B	CN¥387B	CN¥357B	CN¥394B	CN¥379B	CN¥375B	CN¥363B	CN¥405B
Property, plant & equipment (net)	CN¥99.2B	CN¥101B	CN¥102B	CN¥107B	CN¥114B	CN¥113B	CN¥116B	CN¥121B	CN¥127B	CN¥129B	CN¥130B	CN¥135B
Long-term investments	CN¥62.7B	CN¥138B	CN¥135B	CN¥142B	CN¥142B	CN¥116B	CN¥124B	CN¥110B	CN¥121B	CN¥104B	CN¥104B	CN¥96.5B
Goodwill	CN¥23.1B	CN¥20B	CN¥20B	CN¥21.7B	CN¥21.7B	CN¥25.7B	CN¥25.7B	CN¥25.7B	CN¥27.6B	CN¥26.3B	CN¥26.2B	CN¥26.3B
Intangible assets	CN¥46.1B	CN¥46.5B	CN¥45.3B	CN¥45.1B	CN¥44.7B	CN¥44.6B	CN¥44.3B	CN¥44.4B	CN¥44.9B	CN¥7.73B	CN¥7.43B	CN¥7.18B
Deferred tax assets	CN¥1.53B	CN¥1.74B	CN¥1.71B	CN¥1.59B	CN¥1.66B	CN¥2.46B	CN¥2.43B	CN¥2.88B	CN¥4.58B	CN¥5.24B	CN¥5.61B	CN¥6.17B
Other non-current assets	CN¥27.1B	CN¥14.5B	CN¥13.1B	CN¥12B	CN¥8.45B	CN¥9.09B	CN¥8.56B	CN¥8.9B	CN¥9.48B	CN¥48.8B	CN¥46.6B	CN¥50.2B
Non-current assets	CN¥260B	CN¥321B	CN¥318B	CN¥329B	CN¥332B	CN¥312B	CN¥321B	CN¥313B	CN¥334B	CN¥321B	CN¥320B	CN¥321B
Total assets	CN¥617B	CN¥629B	CN¥602B	CN¥652B	CN¥644B	CN¥698B	CN¥678B	CN¥707B	CN¥714B	CN¥696B	CN¥683B	CN¥726B
Liabilities
Accounts payable	CN¥154B	CN¥166B	CN¥147B	CN¥182B	CN¥163B	CN¥193B	CN¥177B	CN¥212B	CN¥190B	CN¥188B	CN¥187B	CN¥229B
Accrued expenses	CN¥42.3B	CN¥15.8B	CN¥48.1B	CN¥42B	CN¥41.6B	CN¥18.7B	CN¥50.6B	CN¥44.6B	CN¥46.9B	CN¥0	CN¥0	CN¥0
Short-term debt	CN¥13.7B	CN¥5.03B	CN¥5.27B	CN¥5.6B	CN¥9.68B	CN¥7.58B	CN¥4.23B	CN¥15.2B	CN¥20.6B	CN¥20.9B	CN¥21.1B	CN¥27.1B
Taxes payable	CN¥9.21B	CN¥7.31B	CN¥4.77B	CN¥7.34B	CN¥9B	CN¥9.49B	CN¥5.5B	CN¥5.98B	CN¥7.53B	CN¥0	CN¥0	CN¥0
Deferred revenue	CN¥35.3B	CN¥33.7B	CN¥32.2B	CN¥34.7B	CN¥34.5B	CN¥34.5B	CN¥36.2B	CN¥35.9B	CN¥42.5B	CN¥39.1B	CN¥41.7B	CN¥44.1B
Other current liabilities	CN¥0	CN¥26.2B	CN¥262M	CN¥0	CN¥0	CN¥25.5B	CN¥65M	CN¥25M	CN¥0	CN¥50.7B	CN¥54.5B	CN¥49.5B
Current liabilities	CN¥262B	CN¥266B	CN¥246B	CN¥280B	CN¥266B	CN¥300B	CN¥284B	CN¥323B	CN¥317B	CN¥306B	CN¥308B	CN¥355B
Long-term debt	CN¥32.7B	CN¥42B	CN¥42.6B	CN¥56.8B	CN¥53.8B	CN¥56.5B	CN¥56.3B	CN¥56.6B	CN¥60B	CN¥62.5B	CN¥62.4B	CN¥52.8B
Lease obligations (non-current)	CN¥15.3B	CN¥13.7B	CN¥14.3B	CN¥16B	CN¥16.8B	CN¥18.1B	CN¥19.2B	CN¥20.7B	CN¥22.6B	CN¥23.7B	CN¥24.1B	CN¥25.4B
Deferred revenue (non-current)	CN¥1.03B	CN¥964M	CN¥833M	CN¥707M	CN¥565M	CN¥502M	CN¥424M	CN¥429M	CN¥324M	CN¥0	CN¥0	CN¥0
Deferred tax liabilities	CN¥8.13B	CN¥9.27B	CN¥9.1B	CN¥9.1B	CN¥9.15B	CN¥9.5B	CN¥8.44B	CN¥8.39B	CN¥8.75B	CN¥8.02B	CN¥7.98B	CN¥8.7B
Other non-current liabilities	CN¥1.49B	CN¥1.06B	CN¥979M	CN¥904M	CN¥909M	CN¥835M	CN¥797M	CN¥926M	CN¥907M	CN¥1.15B	CN¥1.15B	CN¥1.42B
Non-current liabilities	CN¥58.7B	CN¥66.9B	CN¥67.8B	CN¥83.5B	CN¥81.3B	CN¥85.4B	CN¥85.1B	CN¥87B	CN¥92.6B	CN¥95.4B	CN¥95.6B	CN¥88.3B
Total liabilities	CN¥321B	CN¥333B	CN¥314B	CN¥364B	CN¥347B	CN¥385B	CN¥369B	CN¥410B	CN¥409B	CN¥402B	CN¥403B	CN¥443B
Equity
Common stock & paid-in capital	CN¥0	CN¥0	CN¥0	CN¥0	CN¥229B	CN¥0	CN¥234B	CN¥227B	CN¥232B	CN¥0	CN¥0	CN¥0
Retained earnings	CN¥0	CN¥44.1B	CN¥42.9B	CN¥0	CN¥0	CN¥83.3B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Accumulated other comprehensive income	CN¥0	CN¥7.01B	CN¥6.87B	CN¥0	CN¥0	CN¥1.42B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Shareholders' equity	CN¥230B	CN¥232B	CN¥222B	CN¥221B	CN¥229B	CN¥239B	CN¥234B	CN¥227B	CN¥232B	CN¥225B	CN¥216B	CN¥219B
Debt
Total debt (incl. leases)	CN¥69.9B	CN¥68.4B	CN¥70B	CN¥86.2B	CN¥88B	CN¥89.8B	CN¥87.4B	CN¥101B	CN¥112B	CN¥107B	CN¥108B	CN¥105B
Net debt (debt - cash)	-CN¥46.1B	-CN¥3.46B	-CN¥11.6B	CN¥1.69B	-CN¥11.1B	-CN¥18.6B	-CN¥9.35B	-CN¥15.8B	-CN¥980M	-CN¥42.5B	-CN¥7.32B	CN¥2.85B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CN¥19.8B	CN¥25.7B	CN¥34.3B	CN¥5.73B	CN¥86.1B	CN¥70.8B	CN¥78.9B	CN¥71.9B	CN¥108B	CN¥150B
Short-term investments	CN¥7.17B	CN¥8.59B	CN¥2.04B	CN¥3.53B	CN¥60.6B	CN¥115B	CN¥141B	CN¥118B	CN¥126B	CN¥75.8B
Receivables	CN¥17.5B	CN¥32.3B	CN¥14.2B	CN¥1.72B	CN¥13.8B	CN¥17.4B	CN¥26.7B	CN¥22.4B	CN¥30.4B	CN¥29.5B
Inventory	CN¥28.9B	CN¥41.7B	CN¥44B	CN¥8.4B	CN¥58.9B	CN¥75.6B	CN¥77.9B	CN¥68.1B	CN¥89.3B	CN¥101B
Other current assets	CN¥26.4B	CN¥6.37B	CN¥7.09B	CN¥585M	CN¥11.7B	CN¥17.4B	CN¥22.6B	CN¥24.4B	CN¥25.4B	CN¥18.3B
Current assets	CN¥107B	CN¥115B	CN¥105B	CN¥20B	CN¥235B	CN¥300B	CN¥351B	CN¥308B	CN¥387B	CN¥375B
Property, plant & equipment (net)	CN¥9.39B	CN¥15.8B	CN¥27.6B	CN¥5.04B	CN¥46B	CN¥58.7B	CN¥88.5B	CN¥101B	CN¥113B	CN¥129B
Long-term investments	CN¥15.2B	CN¥28.6B	CN¥47.3B	CN¥8.18B	CN¥97.6B	CN¥82.3B	CN¥69.3B	CN¥138B	CN¥116B	CN¥104B
Goodwill	CN¥6.54B	CN¥6.65B	CN¥6.64B	CN¥954M	CN¥10.9B	CN¥12.4B	CN¥23.1B	CN¥20B	CN¥25.7B	CN¥26.3B
Intangible assets	CN¥10.9B	CN¥13.7B	CN¥15.5B	CN¥590M	CN¥17.6B	CN¥20.2B	CN¥43B	CN¥46.5B	CN¥44.6B	CN¥7.73B
Deferred tax assets	CN¥8.06B	CN¥158M	CN¥103M	CN¥11.6M	CN¥533M	CN¥1.11B	CN¥1.54B	CN¥1.74B	CN¥2.46B	CN¥5.24B
Other non-current assets	CN¥3.32B	CN¥4.12B	CN¥7.18B	CN¥2.54B	CN¥14.9B	CN¥22.1B	CN¥18.8B	CN¥14.5B	CN¥9.09B	CN¥48.8B
Non-current assets	CN¥53.4B	CN¥69B	CN¥104B	CN¥17.3B	CN¥187B	CN¥197B	CN¥244B	CN¥321B	CN¥312B	CN¥321B
Total assets	CN¥160B	CN¥184B	CN¥209B	CN¥37.3B	CN¥422B	CN¥497B	CN¥595B	CN¥629B	CN¥698B	CN¥696B
Liabilities
Accounts payable	CN¥46B	CN¥74.3B	CN¥80B	CN¥13B	CN¥107B	CN¥140B	CN¥161B	CN¥166B	CN¥193B	CN¥188B
Accrued expenses	CN¥62.2M	CN¥612M	CN¥987M	CN¥723M	CN¥2.28B	CN¥11.5B	CN¥15.7B	CN¥15.8B	CN¥18.7B	CN¥0
Short-term debt	CN¥17.7B	CN¥12.9B	CN¥4.54B	CN¥516M	CN¥3.26B	CN¥4.37B	CN¥12.1B	CN¥5.03B	CN¥7.58B	CN¥20.9B
Taxes payable	CN¥576M	CN¥658M	CN¥826M	CN¥2.02B	CN¥3.03B	CN¥2.57B	CN¥5.93B	CN¥7.31B	CN¥9.49B	CN¥0
Deferred revenue	CN¥12.9B	CN¥15.2B	CN¥15B	CN¥2.79B	CN¥24.4B	CN¥32.6B	CN¥37.1B	CN¥33.7B	CN¥34.5B	CN¥39.1B
Other current liabilities	CN¥25.3B	CN¥10.8B	CN¥14.7B	CN¥2.8B	CN¥19.2B	CN¥21.5B	CN¥23.8B	CN¥26.2B	CN¥25.5B	CN¥50.7B
Current liabilities	CN¥105B	CN¥118B	CN¥121B	CN¥20.1B	CN¥174B	CN¥222B	CN¥267B	CN¥266B	CN¥300B	CN¥306B
Long-term debt	CN¥10.9B	CN¥10.9B	CN¥9.87B	CN¥1.44B	CN¥12.5B	CN¥9.39B	CN¥30.2B	CN¥42B	CN¥56.5B	CN¥62.5B
Lease obligations (non-current)	CN¥0	CN¥0	CN¥0	CN¥793M	CN¥10.3B	CN¥13.7B	CN¥15B	CN¥13.7B	CN¥18.1B	CN¥23.7B
Deferred revenue (non-current)	CN¥2.16B	CN¥1.27B	CN¥463M	CN¥279M	CN¥1.62B	CN¥1.3B	CN¥1.11B	CN¥964M	CN¥502M	CN¥0
Deferred tax liabilities	CN¥907M	CN¥882M	CN¥828M	CN¥192M	CN¥1.92B	CN¥1.9B	CN¥6.51B	CN¥9.27B	CN¥9.5B	CN¥8.02B
Other non-current liabilities	CN¥441M	CN¥2.49B	CN¥308M	CN¥32.4M	CN¥332M	CN¥1.79B	CN¥1.74B	CN¥1.06B	CN¥835M	CN¥1.15B
Non-current liabilities	CN¥14.4B	CN¥13.4B	CN¥11.5B	CN¥2.74B	CN¥26.7B	CN¥28.1B	CN¥54.6B	CN¥66.9B	CN¥85.4B	CN¥95.4B
Total liabilities	CN¥119B	CN¥132B	CN¥132B	CN¥22.8B	CN¥201B	CN¥250B	CN¥321B	CN¥333B	CN¥385B	CN¥402B
Equity
Common stock & paid-in capital	CN¥377K	CN¥377K	CN¥380K	CN¥54.7K	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Retained earnings	-CN¥21.9B	-CN¥22.2B	-CN¥24B	-CN¥1.71B	CN¥37.4B	CN¥33.8B	CN¥29.3B	CN¥44.1B	CN¥83.3B	CN¥0
Accumulated other comprehensive income	CN¥1.68B	CN¥2.48B	CN¥4.76B	CN¥444M	-CN¥2.02B	-CN¥4.5B	CN¥2.51B	CN¥7.01B	CN¥1.42B	CN¥0
Shareholders' equity	CN¥33.9B	CN¥52B	CN¥59.8B	CN¥11.8B	CN¥188B	CN¥209B	CN¥213B	CN¥232B	CN¥239B	CN¥225B
Debt
Total debt (incl. leases)	CN¥28.6B	CN¥23.8B	CN¥14.4B	CN¥2.75B	CN¥31.6B	CN¥34.1B	CN¥65B	CN¥68.4B	CN¥89.8B	CN¥107B
Net debt (debt - cash)	CN¥8.86B	-CN¥1.88B	-CN¥19.8B	-CN¥2.98B	-CN¥54.5B	-CN¥36.6B	-CN¥13.8B	-CN¥3.46B	-CN¥18.6B	-CN¥42.5B

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02 · Amounts in CNY as reported; price and market cap in USD.