Shein Group (SHEIN) income statement
HKSE · Consumer Cyclical · Specialty Retail · 18,389 employees · CEO Yangtian Xu
- Price
- HK$36.00 -1.04%
- Market cap
- HK$101B
- Enterprise value
- $11B
- Last report
- Q2 '26 filed 2026-09-28
- Next report
- 2026-12-02
Shein Group (SHEIN) reported revenue of $11.1B for Q2 '26 (– year on year), operating income of $235M (2.1% of revenue) and net income of $2.4B. Over the last four quarters revenue was –.
Income statement
| Income statement | Trend | Q1 '25 | Q2 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|
| Revenue | $8.95B | $11B | $9.05B | $11.1B | |
| Cost of revenue | $3.34B | $3.63B | $2.68B | $3.35B | |
| Gross profit | $5.61B | $7.36B | $6.37B | $7.74B | |
| Research & development | $220M | $221M | $241M | $258M | |
| Sales & marketing | $1.09B | $1.58B | $1.43B | $1.51B | |
| General & administrative | $126M | $135M | $122M | $144M | |
| Other operating expenses | $3.83B | $4.73B | $4.32B | $5.59B | |
| Operating expenses | $5.27B | $6.66B | $6.12B | $7.5B | |
| Operating income | $348M | $698M | $258M | $235M | |
| Interest income | $135M | $156M | $150M | $159M | |
| Interest expense | $14M | $14M | $14M | $15M | |
| Other non-operating income (gains on investments, FX ...) | -$161M | -$161M | $264M | -$2.26B | |
| Total non-operating income | $147M | $147M | -$278M | $2.24B | |
| Income before tax | $495M | $845M | -$20M | $2.48B | |
| Income tax | $100M | $154M | $79M | $79M | |
| Net income | $395M | $691M | -$99M | $2.4B | |
| EPS (basic) | $0.15 | $0.27 | -$0.04 | $0.93 | |
| EPS (diluted) | $0.10 | $0.17 | -$0.04 | $0.05 | |
| Shares (basic, weighted) | 2.57B | 2.57B | 2.57B | 2.57B | |
| Shares (diluted, weighted) | 4.08B | 4.08B | 2.57B | 4.08B | |
| Depreciation & amortization | $98M | $100M | $112M | $114M | |
| EBITDA | $607M | $959M | $106M | $2.61B |
| Income statement | Trend | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | $32.1B | $38.7B | $41.8B | |
| Cost of revenue | $12.8B | $15.2B | $13.4B | |
| Gross profit | $19.3B | $23.5B | $28.4B | |
| Research & development | $668M | $849M | $896M | |
| Sales & marketing | $3.45B | $4.16B | $6.19B | |
| General & administrative | $328M | $678M | $548M | |
| Other operating expenses | $13.5B | $16.8B | $19.1B | |
| Operating expenses | $18B | $22.5B | $26.7B | |
| Operating income | $1.38B | $966M | $1.71B | |
| Interest income | $472M | $597M | $621M | |
| Interest expense | $25M | $44M | $56M | |
| Other non-operating income (gains on investments, FX ...) | -$1.64B | -$2.85B | -$863M | |
| Total non-operating income | $1.62B | $2.8B | $807M | |
| Income before tax | $3B | $3.77B | $2.51B | |
| Income tax | $206M | $404M | $450M | |
| Net income | $2.79B | $3.37B | $2.06B | |
| EPS (basic) | $1.10 | $1.31 | $0.80 | |
| EPS (diluted) | $0.39 | $0.23 | $0.43 | |
| Shares (basic, weighted) | 2.55B | 2.57B | 2.57B | |
| Shares (diluted, weighted) | 4B | 4.07B | 4.08B | |
| Depreciation & amortization | $177M | $324M | $398M | |
| EBITDA | $3.2B | $4.14B | $2.97B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates: Financial Modeling Prep.
Data as of 2026-11-01 · Amounts in USD as reported; price and market cap in HKD.