JD.com, Inc. (JD) income statement

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

JD.com, Inc. (JD) reported revenue of CN¥345B for Q2 '26 (-3.2% year on year), operating income of CN¥4.13B (1.2% of revenue) and net income of CN¥7.11B. Over the last four quarters revenue was CN¥1.31T.

Income statement

Income statement	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Revenue	CN¥248B	CN¥306B	CN¥260B	CN¥291B	CN¥260B	CN¥347B	CN¥301B	CN¥357B	CN¥299B	CN¥352B	CN¥314B	CN¥345B
Cost of revenue	CN¥209B	CN¥263B	CN¥221B	CN¥245B	CN¥232B	CN¥314B	CN¥253B	CN¥300B	CN¥271B	CN¥363B	CN¥261B	CN¥287B
Gross profit	CN¥38.8B	CN¥43.5B	CN¥39.4B	CN¥45.9B	CN¥28.8B	CN¥33B	CN¥47.8B	CN¥56.6B	CN¥28.5B	-CN¥11.1B	CN¥52.4B	CN¥58.9B
Research & development	CN¥3.79B	CN¥4.34B	CN¥4.03B	CN¥4.22B	CN¥4.4B	CN¥4.38B	CN¥4.62B	CN¥5.3B	CN¥5.65B	CN¥6.66B	CN¥6.79B	CN¥7.24B
Sales & marketing	CN¥7.96B	CN¥13.1B	CN¥8.95B	CN¥11.9B	CN¥10B	CN¥16.8B	CN¥10.2B	CN¥27B	CN¥21.1B	CN¥25.7B	CN¥15.4B	CN¥20.3B
General & administrative	CN¥2.47B	CN¥2.38B	CN¥2.14B	CN¥2.13B	CN¥2.33B	CN¥2.46B	CN¥2.55B	CN¥3.27B	CN¥2.99B	CN¥3.18B	CN¥3.59B	CN¥3.11B
Other operating expenses	CN¥15.2B	CN¥21.6B	CN¥16.5B	CN¥17.2B	CN¥0	CN¥834M	CN¥19.9B	CN¥21.9B	-CN¥163M	-CN¥40.8B	CN¥22.9B	CN¥24.1B
Operating expenses	CN¥29.4B	CN¥41.5B	CN¥31.7B	CN¥35.4B	CN¥16.7B	CN¥24.5B	CN¥37.3B	CN¥57.5B	CN¥29.5B	-CN¥5.26B	CN¥48.7B	CN¥54.7B
Operating income	CN¥9.3B	CN¥2.03B	CN¥7.7B	CN¥10.5B	CN¥12B	CN¥8.49B	CN¥10.5B	-CN¥859M	-CN¥1.05B	-CN¥5.85B	CN¥3.78B	CN¥4.13B
Interest income	CN¥0	CN¥8.65B	CN¥2.59B	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Interest expense	CN¥710M	CN¥0	CN¥601M	CN¥688M	CN¥681M	CN¥926M	CN¥600M	CN¥643M	CN¥730M	CN¥830M	CN¥682M	CN¥706M
Other non-operating income (gains on investments, FX ...)	-CN¥2.21B	-CN¥2.21B	-CN¥1.97B	-CN¥5.8B	CN¥7.77B	-CN¥834M	-CN¥3.41B	-CN¥8.2B	-CN¥7.68B	-CN¥6.06B	-CN¥3.94B	CN¥0
Total non-operating income	CN¥1.5B	CN¥1.28B	CN¥1.37B	CN¥5.12B	CN¥3.2B	CN¥3.12B	CN¥2.81B	CN¥7.56B	CN¥7.68B	CN¥4.5B	CN¥3.26B	CN¥6.5B
Income before tax	CN¥10.8B	CN¥3.31B	CN¥9.07B	CN¥15.6B	CN¥15.2B	CN¥11.6B	CN¥13.3B	CN¥6.7B	CN¥6.63B	-CN¥1.35B	CN¥7.05B	CN¥10.6B
Income tax	CN¥2.58B	CN¥1.39B	CN¥1.7B	CN¥2.02B	CN¥2.41B	CN¥750M	CN¥2.06B	-CN¥10M	CN¥252M	-CN¥124M	CN¥1.25B	CN¥1.97B
Net income	CN¥7.94B	CN¥3.39B	CN¥7.13B	CN¥12.6B	CN¥11.7B	CN¥9.85B	CN¥10.9B	CN¥6.18B	CN¥5.28B	-CN¥2.71B	CN¥5.07B	CN¥7.11B
EPS (basic)	CN¥5.04	CN¥2.16	CN¥4.56	CN¥8.40	CN¥8.04	CN¥6.48	CN¥7.52	CN¥4.34	CN¥3.38	-CN¥1.80	CN¥3.72	CN¥5.30
EPS (diluted)	CN¥5.00	CN¥2.14	CN¥4.54	CN¥8.20	CN¥7.74	CN¥6.48	CN¥7.18	CN¥4.14	CN¥3.38	-CN¥1.80	CN¥3.54	CN¥5.02
Shares (basic, weighted)	1.57B	1.57B	1.56B	1.51B	1.46B	1.52B	1.45B	1.42B	1.48B	1.42B	1.37B	1.35B
Shares (diluted, weighted)	1.59B	1.58B	1.57B	1.54B	1.52B	1.52B	1.52B	1.49B	1.48B	1.49B	1.43B	1.41B
Depreciation & amortization	CN¥2.11B	CN¥3.15B	CN¥2.22B	CN¥1.93B	CN¥2B	CN¥2.18B	CN¥2.28B	CN¥2.1B	CN¥2.26B	CN¥2.53B	CN¥2.65B	CN¥2.85B
EBITDA	CN¥13.6B	CN¥7.38B	CN¥11.9B	CN¥18.2B	CN¥6.27B	CN¥11.5B	CN¥16.2B	CN¥9.45B	CN¥8.89B	CN¥2.74B	CN¥10.4B	CN¥6.98B

Income statement	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	CN¥260B	CN¥362B	CN¥462B	CN¥577B	CN¥746B	CN¥952B	CN¥1.05T	CN¥1.08T	CN¥1.16T	CN¥1.31T
Cost of revenue	CN¥221B	CN¥312B	CN¥396B	CN¥492B	CN¥637B	CN¥823B	CN¥899B	CN¥925B	CN¥1.05T	CN¥1.19T
Gross profit	CN¥39.4B	CN¥50.8B	CN¥66B	CN¥84.4B	CN¥109B	CN¥129B	CN¥147B	CN¥160B	CN¥113B	CN¥122B
Research & development	CN¥5.38B	CN¥6.65B	CN¥12.1B	CN¥14.6B	CN¥16.1B	CN¥16.3B	CN¥16.9B	CN¥16.4B	CN¥17B	CN¥22.2B
Sales & marketing	CN¥10.6B	CN¥14.9B	CN¥19.2B	CN¥22.2B	CN¥27.2B	CN¥38.7B	CN¥37.8B	CN¥40.1B	CN¥48B	CN¥84B
General & administrative	CN¥25.6B	CN¥30.1B	CN¥37.2B	CN¥5.49B	CN¥6.41B	CN¥11.6B	CN¥11.1B	CN¥9.71B	CN¥8.89B	CN¥12B
Other operating expenses	CN¥0	CN¥0	CN¥95.2M	CN¥33.1B	CN¥47.1B	CN¥58.3B	CN¥61.6B	CN¥67.4B	CN¥834M	CN¥916M
Operating expenses	CN¥41.6B	CN¥51.7B	CN¥68.6B	CN¥75.4B	CN¥96.8B	CN¥125B	CN¥127B	CN¥134B	CN¥74.7B	CN¥119B
Operating income	-CN¥2.14B	-CN¥835M	-CN¥2.62B	CN¥9B	CN¥12.3B	CN¥4.14B	CN¥19.7B	CN¥26B	CN¥38.7B	CN¥2.77B
Interest income	CN¥1.23B	CN¥2.53B	CN¥2.12B	CN¥1.79B	CN¥2.75B	CN¥4.21B	CN¥5.74B	CN¥9.58B	CN¥9.35B	CN¥0
Interest expense	CN¥619M	CN¥964M	CN¥855M	CN¥725M	CN¥1.13B	CN¥1.21B	CN¥2.11B	CN¥2.88B	CN¥2.9B	CN¥2.8B
Other non-operating income (gains on investments, FX ...)	CN¥11.7M	-CN¥1.92B	-CN¥1.1B	-CN¥5.42B	-CN¥39.6B	CN¥5.51B	CN¥3.75B	-CN¥8.51B	-CN¥834M	-CN¥25.4B
Total non-operating income	-CN¥630M	CN¥956M	CN¥245M	CN¥4.7B	CN¥38.5B	-CN¥6.72B	-CN¥5.86B	CN¥5.63B	CN¥12.8B	CN¥22.5B
Income before tax	-CN¥1.88B	CN¥121M	-CN¥2.37B	CN¥13.7B	CN¥50.8B	-CN¥2.58B	CN¥13.9B	CN¥31.7B	CN¥51.5B	CN¥25.3B
Income tax	CN¥166M	CN¥140M	CN¥427M	CN¥1.8B	CN¥1.48B	CN¥1.89B	CN¥4.18B	CN¥8.39B	CN¥6.88B	CN¥2.18B
Net income	-CN¥2B	CN¥129M	-CN¥2.49B	CN¥12.2B	CN¥49.4B	-CN¥3.56B	CN¥10.4B	CN¥24.2B	CN¥41.4B	CN¥19.6B
EPS (basic)	-CN¥2.40	CN¥0.10	-CN¥1.74	CN¥8.36	CN¥32.70	-CN¥2.30	CN¥6.64	CN¥15.38	CN¥26.90	CN¥13.78
EPS (diluted)	-CN¥2.40	CN¥0.08	-CN¥1.74	CN¥8.22	CN¥31.78	-CN¥2.30	CN¥6.42	CN¥15.24	CN¥26.90	CN¥12.90
Shares (basic, weighted)	1.4B	1.42B	1.44B	1.46B	1.51B	1.55B	1.56B	1.57B	1.54B	1.42B
Shares (diluted, weighted)	1.4B	1.46B	1.44B	1.48B	1.55B	1.55B	1.59B	1.59B	1.54B	1.49B
Depreciation & amortization	CN¥3.42B	CN¥4.19B	CN¥5.56B	CN¥5.83B	CN¥6.07B	CN¥6.23B	CN¥7.24B	CN¥8.29B	CN¥8.9B	CN¥9.75B
EBITDA	CN¥2.16B	CN¥5.28B	CN¥4.04B	CN¥20.2B	CN¥58B	CN¥4.87B	CN¥23.2B	CN¥42.8B	CN¥48.5B	CN¥37.9B

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.

Revenue, operating income and growth

quarterly

Margins

quarterly

Costs as % of revenue

quarterly

The other statements

Balance sheetCash, investments, assets, debt, liabilities and equityOpen 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.