Jd.Com Inc Financials

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

Financial Health Signals

Financial Profile 40/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Jd.Com Inc has an operating margin of 3.3%, meaning the company retains $3 of operating profit per $100 of revenue. This below-average margin results in a low score of 17/100, suggesting thin profitability after operating expenses. This is up from 2.4% the prior year.

Growth

Jd.Com Inc's revenue grew a modest 3.9% year-over-year to $158.8B. This slow but positive growth earns a score of 40/100.

Leverage

Jd.Com Inc has a moderate D/E ratio of 1.61. This balance of debt and equity financing earns a leverage score of 52/100.

Liquidity

Jd.Com Inc's current ratio of 1.29 indicates adequate short-term liquidity, earning a score of 32/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Jd.Com Inc's free cash flow margin of 4.5% results in a low score of 23/100. Capital expenditures of $733.0M absorb a large share of operating cash flow.

Returns

Jd.Com Inc earns a strong 18.7% return on equity (ROE), meaning it generates $19 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 75/100. This is up from 10.0% the prior year.

Altman Z-Score Grey Zone

2.58

Jd.Com Inc scores 2.58, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral

6/9

Jd.Com Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.30x

For every $1 of reported earnings, Jd.Com Inc generates $1.30 in operating cash flow ($8.0B OCF vs $6.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

13.4x

Jd.Com Inc earns $13.4 in operating income for every $1 of interest expense ($5.3B vs $397.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

This page shows Jd.Com Inc (JD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$158.8B

YoY+3.9%

5Y CAGR+13.9%

10Y CAGR+24.0%

Jd.Com Inc generated $158.8B in revenue in fiscal year 2024. This represents an increase of 3.9% from the prior year.

EBITDA

$6.5B

YoY+35.1%

5Y CAGR+25.1%

Jd.Com Inc's EBITDA was $6.5B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 35.1% from the prior year.

Free Cash Flow

$7.2B

YoY-7.5%

Jd.Com Inc generated $7.2B in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 7.5% from the prior year.

Net Income

$6.1B

YoY+86.8%

5Y CAGR+29.1%

Jd.Com Inc reported $6.1B in net income in fiscal year 2024. This represents an increase of 86.8% from the prior year.

EPS (Diluted)

$1.84

YoY+72.0%

5Y CAGR+25.5%

Jd.Com Inc earned $1.84 per diluted share (EPS) in fiscal year 2024. This represents an increase of 72.0% from the prior year.

Cash & Debt

$14.8B

YoY+46.6%

5Y CAGR+22.8%

10Y CAGR+19.0%

Jd.Com Inc held $14.8B in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

15.9%

YoY+1.2pp

5Y CAGR+1.2pp

10Y CAGR+4.2pp

Jd.Com Inc's gross margin was 15.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.2 percentage points from the prior year.

Operating Margin

3.3%

YoY+0.9pp

5Y CAGR+1.8pp

10Y CAGR+8.4pp

Jd.Com Inc's operating margin was 3.3% in fiscal year 2024, reflecting core business profitability. This is up 0.9 percentage points from the prior year.

Net Margin

3.9%

YoY+1.7pp

5Y CAGR+1.8pp

10Y CAGR+8.2pp

Jd.Com Inc's net profit margin was 3.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.7 percentage points from the prior year.

Return on Equity

18.7%

YoY+8.6pp

5Y CAGR+4.1pp

Jd.Com Inc's ROE was 18.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 8.6 percentage points from the prior year.

R&D Spending

$2.3B

YoY+1.0%

5Y CAGR+2.1%

Jd.Com Inc invested $2.3B in research and development in fiscal year 2024. This represents an increase of 1.0% from the prior year.

Share Buybacks

$3.5B

YoY+908.5%

5Y CAGR+185.2%

Jd.Com Inc spent $3.5B on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 908.5% from the prior year.

Capital Expenditures

$733.0M

YoY+29.3%

Jd.Com Inc invested $733.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 29.3% from the prior year.

JD Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$158.8B+3.9%	$152.8B+0.7%	$151.7B+1.6%	$149.3B+30.6%	$114.3B+37.9%	$82.9B
Cost of Revenue	$133.6B+2.5%	$130.3B-0.1%	$130.4B+1.0%	$129.1B+32.3%	$97.6B+37.9%	$70.7B
Gross Profit	$25.2B+12.0%	$22.5B+5.5%	$21.3B+5.3%	$20.3B+21.1%	$16.7B+37.9%	$12.1B
R&D Expenses	$2.3B+1.0%	$2.3B-5.7%	$2.4B-4.4%	$2.6B+3.6%	$2.5B+17.9%	$2.1B
SG&A Expenses	$1.2B-11.0%	$1.4B-14.7%	$1.6B-11.6%	$1.8B+84.7%	$982.2M+24.6%	$788.6M
Operating Income	$5.3B+44.8%	$3.7B+28.1%	$2.9B+340.0%	$650.0M-65.6%	$1.9B+46.4%	$1.3B
Interest Expense	$397.0M-2.2%	$406.0M+33.1%	$305.0M+60.5%	$190.0M+10.2%	$172.4M+65.6%	$104.1M
Income Tax	$943.0M-20.2%	$1.2B+95.4%	$605.0M+104.4%	$296.0M+30.4%	$227.1M-12.3%	$258.9M
Net Income	$6.1B+86.8%	$3.3B+132.8%	$1.4B+300.7%	-$701.0M-109.3%	$7.6B+342.7%	$1.7B
EPS (Diluted)	$1.84+72.0%	$1.07+127.7%	$0.47+361.1%	$-0.18-107.4%	$2.43+311.9%	$0.59

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q3'19	Q4'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

JD Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$95.7B+8.0%	$88.6B+2.6%	$86.3B+10.8%	$77.9B+20.4%	$64.7B+73.5%	$37.3B
Current Assets	$53.0B+22.2%	$43.4B-14.8%	$50.9B+8.2%	$47.0B+30.7%	$36.0B+80.1%	$20.0B
Cash & Equivalents	$14.8B+46.6%	$10.1B-11.4%	$11.4B+3.0%	$11.1B-15.8%	$13.2B+148.4%	$5.3B
Inventory	$12.2B+27.7%	$9.6B-15.2%	$11.3B-4.7%	$11.9B+31.3%	$9.0B+8.5%	$8.3B
Accounts Receivable	$3.5B+22.7%	$2.9B-4.2%	$3.0B+59.8%	$1.9B+71.3%	$1.1B+22.6%	$889.2M
Goodwill	$3.5B+25.2%	$2.8B-16.1%	$3.4B+71.9%	$2.0B+16.7%	$1.7B+75.1%	$954.3M
Total Liabilities	$52.7B+12.6%	$46.8B+0.6%	$46.6B+18.8%	$39.2B+27.4%	$30.8B+34.6%	$22.9B
Current Liabilities	$41.0B+9.7%	$37.4B-3.2%	$38.6B+11.1%	$34.8B+30.4%	$26.7B+32.6%	$20.1B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$32.8B+0.4%	$32.7B+5.6%	$30.9B-5.6%	$32.8B+14.1%	$28.7B+144.5%	$11.8B
Retained Earnings	$10.5B+69.1%	$6.2B+46.0%	$4.2B-19.9%	$5.3B-7.5%	$5.7B+435.1%	-$1.7B

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q3'19	Q4'18
Total Assets	$95.7B+8.0%	$88.6B+2.6%	$86.3B+10.8%	$77.9B+20.4%	$64.7B+73.5%	$37.3B+8.5%	$34.4B+13.1%	$30.4B
Current Assets	$53.0B+22.2%	$43.4B-14.8%	$50.9B+8.2%	$47.0B+30.7%	$36.0B+80.1%	$20.0B+10.2%	$18.1B+18.9%	$15.3B
Cash & Equivalents	$14.8B+46.6%	$10.1B-11.4%	$11.4B+3.0%	$11.1B-15.8%	$13.2B+148.4%	$5.3B+18.2%	$4.5B-9.8%	$5.0B
Inventory	$12.2B+27.7%	$9.6B-15.2%	$11.3B-4.7%	$11.9B+31.3%	$9.0B+8.5%	$8.3B+23.2%	$6.8B+5.4%	$6.4B
Accounts Receivable	$3.5B+22.7%	$2.9B-4.2%	$3.0B+59.8%	$1.9B+71.3%	$1.1B+22.6%	$889.2M+5.7%	$841.4M-47.9%	$1.6B
Goodwill	$3.5B+25.2%	$2.8B-16.1%	$3.4B+71.9%	$2.0B+16.7%	$1.7B+75.1%	$954.3M+2.7%	$929.5M-3.8%	$966.3M
Total Liabilities	$52.7B+12.6%	$46.8B+0.6%	$46.6B+18.8%	$39.2B+27.4%	$30.8B+34.6%	$22.9B+7.4%	$21.3B+10.6%	$19.2B
Current Liabilities	$41.0B+9.7%	$37.4B-3.2%	$38.6B+11.1%	$34.8B+30.4%	$26.7B+32.6%	$20.1B+8.3%	$18.6B+5.7%	$17.6B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$449.2M
Total Equity	$32.8B+0.4%	$32.7B+5.6%	$30.9B-5.6%	$32.8B+14.1%	$28.7B+144.5%	$11.8B+10.7%	$10.6B+22.1%	$8.7B
Retained Earnings	$10.5B+69.1%	$6.2B+46.0%	$4.2B-19.9%	$5.3B-7.5%	$5.7B+435.1%	-$1.7B+21.0%	-$2.2B+38.0%	-$3.5B

JD Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$8.0B-5.1%	$8.4B0.0%	$8.4B+26.3%	$6.6B+1.8%	$6.5B+83.2%	$3.6B
Capital Expenditures	$733.0M+29.3%	$567.0M-28.9%	$797.0M-8.7%	$873.0M	N/A	N/A
Free Cash Flow	$7.2B-7.5%	$7.8B+3.0%	$7.6B+31.6%	$5.8B	N/A	N/A
Investing Cash Flow	-$119.0M+98.6%	-$8.4B-7.1%	-$7.8B+32.8%	-$11.7B-31.5%	-$8.9B-143.3%	-$3.6B
Financing Cash Flow	-$2.9B-251.7%	-$818.0M-578.4%	$171.0M-94.4%	$3.1B-71.9%	$10.9B+2847.7%	$369.5M
Dividends Paid	$1.1B+19.3%	$949.0M-50.0%	$1.9B	N/A	N/A	N/A
Share Buybacks	$3.5B+908.5%	$352.0M+33.3%	$264.0M-67.9%	$823.0M+1622.4%	$47.8M+153.9%	$18.8M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q3'19	Q4'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	$93.1M	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	$248.4M	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	$441.6M	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$489K	N/A	N/A

JD Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	15.9%+1.2pp	14.7%+0.7pp	14.1%+0.5pp	13.6%-1.1pp	14.6%0.0pp	14.6%
Operating Margin	3.3%+0.9pp	2.4%+0.5pp	1.9%+1.4pp	0.4%-1.2pp	1.7%+0.1pp	1.6%
Net Margin	3.9%+1.7pp	2.1%+1.2pp	0.9%+1.4pp	-0.5%-7.1pp	6.6%+4.6pp	2.1%
Return on Equity	18.7%+8.6pp	10.0%+5.5pp	4.5%	N/A	26.3%+11.8pp	14.5%
Return on Assets	6.4%+2.7pp	3.7%+2.1pp	1.6%+2.5pp	-0.9%-12.6pp	11.7%+7.1pp	4.6%
Current Ratio	1.29+0.1	1.16-0.2	1.32-0.0	1.350.0	1.35+0.4	0.99
Debt-to-Equity	1.61+0.2	1.43-0.1	1.50+0.3	1.20+0.1	1.07-0.9	1.94
FCF Margin	4.5%-0.6pp	5.1%+0.1pp	5.0%+1.1pp	3.9%	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q3'19	Q4'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.29+0.1	1.16-0.2	1.32-0.0	1.350.0	1.35+0.4	0.99+0.0	0.98+0.1	0.87
Debt-to-Equity	1.61+0.2	1.43-0.1	1.50+0.3	1.20+0.1	1.07-0.9	1.94-0.1	2.00+2.0	0.05
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Jd.Com Inc's annual revenue?

Jd.Com Inc (JD) reported $158.8B in total revenue for fiscal year 2024. This represents a 3.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Jd.Com Inc's revenue growing?

Jd.Com Inc (JD) revenue grew by 3.9% year-over-year, from $152.8B to $158.8B in fiscal year 2024.

Is Jd.Com Inc profitable?

Yes, Jd.Com Inc (JD) reported a net income of $6.1B in fiscal year 2024, with a net profit margin of 3.9%.

What is Jd.Com Inc's earnings per share (EPS)?

Jd.Com Inc (JD) reported diluted earnings per share of $1.84 for fiscal year 2024. This represents a 72.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Jd.Com Inc's EBITDA?

Jd.Com Inc (JD) had EBITDA of $6.5B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Jd.Com Inc's gross margin?

Jd.Com Inc (JD) had a gross margin of 15.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Jd.Com Inc's operating margin?

Jd.Com Inc (JD) had an operating margin of 3.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Jd.Com Inc's net profit margin?

Jd.Com Inc (JD) had a net profit margin of 3.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Jd.Com Inc's return on equity (ROE)?

Jd.Com Inc (JD) has a return on equity of 18.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Jd.Com Inc's free cash flow?

Jd.Com Inc (JD) generated $7.2B in free cash flow during fiscal year 2024. This represents a -7.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Jd.Com Inc's operating cash flow?

Jd.Com Inc (JD) generated $8.0B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Jd.Com Inc's total assets?

Jd.Com Inc (JD) had $95.7B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Jd.Com Inc's capital expenditures?

Jd.Com Inc (JD) invested $733.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Jd.Com Inc spend on research and development?

Jd.Com Inc (JD) invested $2.3B in research and development during fiscal year 2024.

Does Jd.Com Inc buy back shares?

Yes, Jd.Com Inc (JD) spent $3.5B on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

What is Jd.Com Inc's current ratio?

Jd.Com Inc (JD) had a current ratio of 1.29 as of fiscal year 2024, which is considered adequate.

What is Jd.Com Inc's debt-to-equity ratio?

Jd.Com Inc (JD) had a debt-to-equity ratio of 1.61 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Jd.Com Inc's return on assets (ROA)?

Jd.Com Inc (JD) had a return on assets of 6.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Jd.Com Inc's Altman Z-Score?

Jd.Com Inc (JD) has an Altman Z-Score of 2.58, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Jd.Com Inc's Piotroski F-Score?

Jd.Com Inc (JD) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Jd.Com Inc's earnings high quality?

Jd.Com Inc (JD) has an earnings quality ratio of 1.30x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Jd.Com Inc cover its interest payments?

Jd.Com Inc (JD) has an interest coverage ratio of 13.4x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Jd.Com Inc?

Jd.Com Inc (JD) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.