What is JD.com, Inc.'s earnings per share (EPS)?

JD.com, Inc. (JD) reported diluted earnings per share of $0.92 for fiscal year 2025. This represents a -50.0% 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.

JD.com, Inc. (JD) Financials

FY2025 annual

Revenue $187.2B +17.9% YoY

Net Income $3.3B -45.9% YoY

EPS (Diluted) $0.92 -50.0% YoY

Free Cash Flow $1.6B -77.9% YoY

Market Cap $35.6B as of Oct 6, 2026

Price / Sales 0.2x on $187.2B revenue, FY2025

Price / Earnings 10.8x on $3.3B net income, FY2025

Price / Book 1.1x on $32.2B equity, Q4 FY2025

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Apr 16, 2026 Currency USD FYE December

Newest figures come from the 10-K for FY2025, filed Apr 16, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the JD SEC filings page.

JD.com, Inc. (JD) reported $187.2B in revenue for fiscal year 2025, up 17.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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).

Rhea AI JD FY2025 2026-10-04

FY2025 shows a larger business whose operating economics deteriorated: revenue grew, but cash generation and operating margin collapsed.

The unusual split is that gross margin widened while operating margin nearly vanished, showing that additional gross profit was absorbed by operating costs rather than reaching earnings. Operating cash flow fell to $2.7B from $8.0B while net income stayed positive, so reported earnings did not translate into comparable cash generation.

Revenue grew 17.9% in FY2025, but operating margin fell to 0.2%; the business added volume without preserving operating profit. Higher selling, general, administrative, and research costs explain why the wider gross margin did not carry through.

The balance sheet became more leveraged, with debt-to-equity reaching 1.8x while the current ratio was 1.2x, leaving less short-term cushion alongside greater obligations. FY2025 investing cash flow was a $6.0B inflow while operating cash flow was only $2.7B, so total cash movement benefited from investing activity rather than operations alone.

Financial Health Signals

Financial Health Score 42/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of JD.com, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

JD.com, Inc. has an operating margin of 0.2%, meaning the company retains less than $1 of operating profit per $100 of revenue. This results in a moderate score of 40/100, indicating healthy but not exceptional operating efficiency. This is down from 3.3% the prior year.

Growth

JD.com, Inc.'s revenue surged 17.9% year-over-year to $187.2B, reflecting rapid business expansion. This strong growth earns a score of 67/100.

Leverage

JD.com, Inc. has a moderate D/E ratio of 1.78. This balance of debt and equity financing earns a leverage score of 34/100.

Liquidity

JD.com, Inc.'s current ratio of 1.22 indicates adequate short-term liquidity, earning a score of 30/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

JD.com, Inc. has a free cash flow margin of 0.9%, earning a moderate score of 36/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

JD.com, Inc.'s ROE of 10.3% shows moderate profitability relative to equity, earning a score of 46/100. This is down from 18.7% the prior year.

Altman Z-Score Grey Zone

2.56

JD.com, Inc. scores 2.56, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/7

JD.com, Inc. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

0.82x

For every $1 of reported earnings, JD.com, Inc. generates $0.82 in operating cash flow ($2.7B OCF vs $3.3B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

0.99x

JD.com, Inc. earns $0.99 in operating income for every $1 of interest expense ($397.0M vs $401.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$19.7B

YoY+32.4%

QoQ+32.4%

JD.com, Inc. held $19.7B in cash as of Q4 2025; long-term debt is not reported for that period.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Shares Outstanding

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

JD Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

JD quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K
Revenue	$187.2B+17.9%	$158.8B+3.9%	$152.8B+0.7%	$151.7B+1.6%	$149.3B+30.6%	$114.3B+37.9%	$82.9B+23.3%	$67.2B+20.7%	$55.7B+48.6%	$37.5B+33.9%	$28.0B+51.0%	$18.5B
Cost of Revenue	$157.2B+17.7%	$133.6B+2.5%	$130.3B-0.1%	$130.4B+1.0%	$129.1B+32.3%	$97.6B+37.9%	$70.7B+22.8%	$57.6B+20.3%	$47.9B+50.6%	$31.8B+31.1%	$24.2B+48.0%	$16.4B
Gross Profit	$30.0B+19.2%	$25.2B+12.0%	$22.5B+5.5%	$21.3B+5.3%	$20.3B+21.1%	$16.7B+37.9%	$12.1B+26.4%	$9.6B+22.8%	$7.8B+37.5%	$5.7B+51.5%	$3.7B+73.9%	$2.2B
R&D Expenses	$3.2B+36.3%	$2.3B+1.0%	$2.3B-5.7%	$2.4B-4.4%	$2.6B+3.6%	$2.5B+17.9%	$2.1B	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.7B+40.6%	$1.2B-11.0%	$1.4B-14.7%	$1.6B-11.6%	$1.8B+84.7%	$982.2M+24.6%	$788.6M+5.1%	$750.4M+15.8%	$647.8M-3.6%	$671.7M+51.2%	$444.1M-47.6%	$847.8M
Operating Income	$397.0M-92.5%	$5.3B+44.8%	$3.7B+28.1%	$2.9B+340.0%	$650.0M-65.6%	$1.9B+46.4%	$1.3B+439.2%	-$380.9M-196.7%	-$128.4M+58.4%	-$308.9M+69.0%	-$997.2M-6.6%	-$935.2M
EBITDA	$1.8B-72.6%	$6.5B+35.1%	$4.8B+23.6%	$3.9B+140.1%	$1.6B-42.3%	$2.8B+32.5%	$2.1B+397.8%	$427.7M-17.1%	$516.0M+140.7%	$214.4M+136.2%	-$592.9M+11.4%	-$669.2M
Interest Expense	$401.0M+1.0%	$397.0M-2.2%	$406.0M+33.1%	$305.0M+60.5%	$190.0M+10.2%	$172.4M+65.6%	$104.1M-16.2%	$124.3M-16.1%	$148.1M+296.1%	$37.4M+193.6%	$12.7M+174.1%	$4.6M
Income Tax	$312.0M-66.9%	$943.0M-20.2%	$1.2B+95.4%	$605.0M+104.4%	$296.0M+30.4%	$227.1M-12.3%	$258.9M+317.0%	$62.1M+189.4%	$21.5M-17.0%	$25.9M+1274.1%	-$2.2M-170.7%	$3.1M
Net Income	$3.3B-45.9%	$6.1B+86.8%	$3.3B+132.8%	$1.4B+300.7%	-$701.0M-109.3%	$7.6B+342.7%	$1.7B+519.3%	-$407.3M-22541.6%	-$1.8M+99.7%	-$548.3M+62.1%	-$1.4B-79.8%	-$805.3M
EPS (Basic)	$0.99-47.9%	$1.90+75.9%	$1.08+125.0%	$0.48+366.7%	-$0.18-107.2%	$2.51+318.3%	$0.60+561.5%	-$0.13-1200.0%	-$0.01+95.0%	-$0.20+62.3%	-$0.53+38.4%	-$0.86
EPS (Diluted)	$0.92-50.0%	$1.84+72.0%	$1.07+127.7%	$0.47+361.1%	-$0.18-107.4%	$2.43+311.9%	$0.59+553.8%	-$0.13	-$0.01	-$0.20+62.3%	-$0.53	-$0.86
Diluted Shares (Avg)	2.98B-3.2%	3.08B-3.0%	3.17B-0.3%	3.18B+2.4%	3.11B-0.1%	3.11B+4.8%	2.97B+3.1%	2.88B	2.91B	2.80B+2.5%	2.74B	2.42B

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q3'1910-Q
EPS (Basic)	N/A	N/A	N/A	N/A	N/A	N/A	$0.19	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	$0.19	N/A

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, Diluted Shares (Avg).

JD Balance Sheet

JD quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K
Total Assets	$99.4B+3.9%	$95.7B+8.0%	$88.6B+2.6%	$86.3B+10.8%	$77.9B+20.4%	$64.7B+73.5%	$37.3B+22.6%	$30.4B+7.5%	$28.3B+22.5%	$23.1B+75.7%	$13.1B+22.7%	$10.7B
Current Assets	$53.5B+1.1%	$53.0B+22.2%	$43.4B-14.8%	$50.9B+8.2%	$47.0B+30.7%	$36.0B+80.1%	$20.0B+31.0%	$15.3B-13.7%	$17.7B+14.8%	$15.4B+70.6%	$9.0B+12.1%	$8.0B
Cash & Equivalents	$19.7B+32.4%	$14.8B+46.6%	$10.1B-11.4%	$11.4B+3.0%	$11.1B-15.8%	$13.2B+148.4%	$5.3B+6.6%	$5.0B+26.2%	$3.9B+38.6%	$2.8B+10.7%	$2.6B-1.5%	$2.6B
Short-Term Investments	$10.8B-37.1%	$17.2B+3.3%	$16.7B-18.6%	$20.5B+13.8%	$18.0B+93.6%	$9.3B+162.7%	$3.5B+1093.7%	$296.1M-77.6%	$1.3B+27.7%	$1.0B+140.7%	$429.2M-78.1%	$2.0B
Inventory	$13.6B+11.5%	$12.2B+27.7%	$9.6B-15.2%	$11.3B-4.7%	$11.9B+31.3%	$9.0B+8.5%	$8.3B+29.9%	$6.4B-0.1%	$6.4B+53.9%	$4.2B+31.3%	$3.2B+61.4%	$2.0B
Accounts Receivable	$3.9B+11.5%	$3.5B+22.7%	$2.9B-4.2%	$3.0B+59.8%	$1.9B+71.3%	$1.1B+22.6%	$889.2M-45.0%	$1.6B-35.7%	$2.5B0.0%	$2.5B+71.4%	$1.5B+273.8%	$392.7M
Long-Term Investments	$7.4B-8.9%	$8.1B-28.6%	$11.4B+576.5%	$1.7B-43.8%	$3.0B-50.0%	$6.0B+94.7%	$3.1B	$0	$0-100.0%	$1.0B	$0-100.0%	$70.0M
Goodwill	$3.8B+6.8%	$3.5B+25.2%	$2.8B-16.1%	$3.4B+71.9%	$2.0B+16.7%	$1.7B+75.1%	$954.3M-1.2%	$966.3M-5.5%	$1.0B+8.5%	$942.2M+20907.7%	$4.5M-98.9%	$422.7M
Total Liabilities	$57.4B+8.8%	$52.7B+12.6%	$46.8B+0.6%	$46.6B+18.8%	$39.2B+27.4%	$30.8B+34.6%	$22.9B+18.7%	$19.2B-4.9%	$20.2B+17.9%	$17.2B+104.0%	$8.4B+80.0%	$4.7B
Current Liabilities	$43.8B+6.7%	$41.0B+9.7%	$37.4B-3.2%	$38.6B+11.1%	$34.8B+30.4%	$26.7B+32.6%	$20.1B+14.4%	$17.6B-3.3%	$18.2B+20.5%	$15.1B+99.3%	$7.6B+62.0%	$4.7B
Non-Current Liabilities	$13.6B+16.5%	$11.7B+24.1%	$9.4B+19.2%	$7.9B+79.4%	$4.4B+7.9%	$4.1B+49.0%	$2.7B+64.2%	$1.7B-19.1%	$2.1B-0.7%	$2.1B+146.3%	$842.7M	$0
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$449.2M	N/A	N/A	N/A	N/A
Total Equity	$32.2B-1.9%	$32.8B+0.4%	$32.7B+5.6%	$30.9B-5.6%	$32.8B+14.1%	$28.7B+144.5%	$11.8B+35.3%	$8.7B+8.7%	$8.0B+63.9%	$4.9B+3.5%	$4.7B-22.0%	$6.0B
Retained Earnings	$12.1B+15.8%	$10.5B+69.1%	$6.2B+46.0%	$4.2B-19.9%	$5.3B-7.5%	$5.7B+435.1%	-$1.7B+51.1%	-$3.5B-2.3%	-$3.4B-8.5%	-$3.1B-9.1%	-$2.9B-93.1%	-$1.5B

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q3'1910-Q
Total Assets	$99.4B+3.9%	$95.7B+8.0%	$88.6B+2.6%	$86.3B+10.8%	$77.9B+20.4%	$64.7B+73.5%	$37.3B+22.6%	$34.4B
Current Assets	$53.5B+1.1%	$53.0B+22.2%	$43.4B-14.8%	$50.9B+8.2%	$47.0B+30.7%	$36.0B+80.1%	$20.0B+31.0%	$18.1B
Cash & Equivalents	$19.7B+32.4%	$14.8B+46.6%	$10.1B-11.4%	$11.4B+3.0%	$11.1B-15.8%	$13.2B+148.4%	$5.3B+6.6%	$4.5B
Short-Term Investments	$10.8B-37.1%	$17.2B+3.3%	$16.7B-18.6%	$20.5B+13.8%	$18.0B+93.6%	$9.3B+162.7%	$3.5B+1093.7%	$3.4B
Inventory	$13.6B+11.5%	$12.2B+27.7%	$9.6B-15.2%	$11.3B-4.7%	$11.9B+31.3%	$9.0B+8.5%	$8.3B+29.9%	$6.8B
Accounts Receivable	$3.9B+11.5%	$3.5B+22.7%	$2.9B-4.2%	$3.0B+59.8%	$1.9B+71.3%	$1.1B+22.6%	$889.2M-45.0%	$841.4M
Long-Term Investments	$7.4B-8.9%	$8.1B-28.6%	$11.4B+576.5%	$1.7B-43.8%	$3.0B-50.0%	$6.0B+94.7%	$3.1B	$2.2B
Goodwill	$3.8B+6.8%	$3.5B+25.2%	$2.8B-16.1%	$3.4B+71.9%	$2.0B+16.7%	$1.7B+75.1%	$954.3M-1.2%	$929.5M
Total Liabilities	$57.4B+8.8%	$52.7B+12.6%	$46.8B+0.6%	$46.6B+18.8%	$39.2B+27.4%	$30.8B+34.6%	$22.9B+18.7%	$21.3B
Current Liabilities	$43.8B+6.7%	$41.0B+9.7%	$37.4B-3.2%	$38.6B+11.1%	$34.8B+30.4%	$26.7B+32.6%	$20.1B+14.4%	$18.6B
Non-Current Liabilities	$13.6B+16.5%	$11.7B+24.1%	$9.4B+19.2%	$7.9B+79.4%	$4.4B+7.9%	$4.1B+49.0%	$2.7B+64.2%	$2.7B
Total Equity	$32.2B-1.9%	$32.8B+0.4%	$32.7B+5.6%	$30.9B-5.6%	$32.8B+14.1%	$28.7B+144.5%	$11.8B+35.3%	$10.6B
Retained Earnings	$12.1B+15.8%	$10.5B+69.1%	$6.2B+46.0%	$4.2B-19.9%	$5.3B-7.5%	$5.7B+435.1%	-$1.7B+51.1%	-$2.2B

Not reported in any period shown, so not listed: Long-Term Debt.

JD Cash Flow Statement

JD quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K
Operating Cash Flow	$2.7B-65.9%	$8.0B-5.1%	$8.4B0.0%	$8.4B+26.3%	$6.6B+1.8%	$6.5B+83.2%	$3.6B+17.2%	$3.0B-20.4%	$3.8B+202.1%	$1.3B+551.5%	-$279.7M-270.9%	$163.6M
Depreciation & Amortization	$1.4B+14.3%	$1.2B+4.5%	$1.2B+11.3%	$1.0B+7.3%	$978.0M+5.2%	$929.9M+11.1%	$837.1M+3.5%	$808.7M+25.5%	$644.4M+23.1%	$523.3M+29.4%	$404.3M+52.0%	$266.0M
Stock-Based Compensation	$676.0M+64.5%	$411.0M-39.3%	$677.0M-38.2%	$1.1B-23.6%	$1.4B+125.0%	$636.9M+20.0%	$530.7M-0.3%	$532.3M+24.6%	$427.3M+26.6%	$337.6M+83.2%	$184.3M-73.1%	$684.9M
Capital Expenditures	$1.1B+52.5%	$733.0M+29.3%	$567.0M-28.9%	$797.0M-8.7%	$873.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	$1.6B-77.9%	$7.2B-7.5%	$7.8B+3.0%	$7.6B+31.6%	$5.8B	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$6.0B+5126.9%	-$119.0M+98.6%	-$8.4B-7.1%	-$7.8B+32.8%	-$11.7B-31.5%	-$8.9B-143.3%	-$3.6B+4.0%	-$3.8B+34.2%	-$5.8B	N/A	N/A	N/A
Financing Cash Flow	-$3.8B-32.8%	-$2.9B-251.7%	-$818.0M-578.4%	$171.0M-94.4%	$3.1B-71.9%	$10.9B+2847.7%	$369.5M-77.4%	$1.6B-44.8%	$3.0B	N/A	N/A	N/A
Dividends Paid	$1.5B+31.1%	$1.1B+19.3%	$949.0M-50.0%	$1.9B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$3.1B-13.7%	$3.5B+908.5%	$352.0M+33.3%	$264.0M-67.9%	$823.0M+1622.4%	$47.8M+153.9%	$18.8M-37.2%	$29.9M	N/A	$768.9M	N/A	N/A

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q3'1910-Q
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	$93.1M	N/A
Depreciation & Amortization	N/A	N/A	N/A	N/A	N/A	N/A	$218.9M	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	$248.4M	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	$441.6M	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	$489K	N/A

Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid.

JD Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

JD quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K
Gross Margin	16.0%+0.2pp	15.9%+1.2pp	14.7%+0.7pp	14.1%+0.5pp	13.6%-1.1pp	14.6%0.0pp	14.6%+0.4pp	14.3%+0.3pp	14.0%-1.1pp	15.2%+1.8pp	13.4%+1.8pp	11.6%
Operating Margin	0.2%-3.1pp	3.3%+0.9pp	2.4%+0.5pp	1.9%+1.4pp	0.4%-1.2pp	1.7%+0.1pp	1.6%+2.1pp	-0.6%-0.3pp	-0.2%+0.6pp	-0.8%+2.7pp	-3.6%+1.5pp	-5.1%
Net Margin	1.8%-2.1pp	3.9%+1.7pp	2.1%+1.2pp	0.9%+1.4pp	-0.5%-7.1pp	6.6%+4.6pp	2.1%+2.7pp	-0.6%-0.6pp	0.0%+1.5pp	-1.5%+3.7pp	-5.2%-0.8pp	-4.3%
Return on Equity	10.3%-8.4pp	18.7%+8.6pp	10.0%+5.5pp	4.5%+6.7pp	-2.1%-28.4pp	26.3%+11.8pp	14.5%+19.2pp	-4.7%-4.7pp	0.0%+11.2pp	-11.2%+19.5pp	-30.7%-17.4pp	-13.3%
Return on Assets	3.3%-3.1pp	6.4%+2.7pp	3.7%+2.1pp	1.6%+2.5pp	-0.9%-12.6pp	11.7%+7.1pp	4.6%+5.9pp	-1.3%-1.3pp	0.0%+2.4pp	-2.4%+8.6pp	-11.0%-3.5pp	-7.5%
Current Ratio	1.22-0.1x	1.29+0.1x	1.16-0.2x	1.320.0x	1.350.0x	1.35+0.4x	0.99+0.1x	0.87-0.1x	0.970.0x	1.02-0.2x	1.19-0.5x	1.72
Debt-to-Equity	1.78+0.2x	1.61+0.2x	1.43-0.1x	1.50+0.3x	1.20+0.1x	1.07-0.9x	1.94+1.9x	0.05-2.5x	2.53-1.0x	3.52+1.7x	1.78+1.0x	0.77
Asset Turnover	1.88+0.2x	1.66-0.1x	1.720.0x	1.76-0.2x	1.92+0.2x	1.77-0.5x	2.220.0x	2.21+0.2x	1.97+0.3x	1.62-0.5x	2.13+0.4x	1.73
FCF Margin	0.9%-3.7pp	4.5%-0.6pp	5.1%+0.1pp	5.0%+1.1pp	3.9%	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q3'1910-Q
Current Ratio	1.22-0.1x	1.29+0.1x	1.16-0.2x	1.320.0x	1.350.0x	1.35+0.4x	0.99+0.1x	0.98
Debt-to-Equity	1.78+0.2x	1.61+0.2x	1.43-0.1x	1.50+0.3x	1.20+0.1x	1.07-0.9x	1.94+1.9x	2.00

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
JD.com, Inc. JD	FY2025	$187.2B	$3.3B	1.8%	$35.6B	42/100
eBay Inc EBAY	FY2025	$11.1B	$2.0B	18.3%	$47.3B	60/100
Coupang, Inc. CPNG	FY2025	$34.5B	$208.0M	0.6%	$24.8B	51/100
Mercado Libre, Inc MELI	FY2025	$28.9B	$2.0B	6.9%	$86.0B	75/100
Sea Limited SE	FY2025	$22.9B	$1.6B	6.9%	$58.3B	58/100
DoorDash, Inc. DASH	FY2025	$13.7B	$935.0M	6.8%	$82.0B	54/100

Where JD.com, Inc. Ranks

Frequently Asked Questions

What is JD.com, Inc.'s annual revenue?

JD.com, Inc. (JD) reported $187.2B in total revenue for fiscal year 2025. This represents a 17.9% 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 17.9% year-over-year, from $158.8B to $187.2B in fiscal year 2025.

Is JD.com, Inc. profitable?

Yes, JD.com, Inc. (JD) reported a net income of $3.3B in fiscal year 2025, with a net profit margin of 1.8%.

What is JD.com, Inc.'s EBITDA?

JD.com, Inc. (JD) had EBITDA of $1.8B in fiscal year 2025, 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 16.0% in fiscal year 2025, 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 0.2% in fiscal year 2025, 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 1.8% in fiscal year 2025, 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 10.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is JD.com, Inc.'s free cash flow?

JD.com, Inc. (JD) generated $1.6B in free cash flow during fiscal year 2025. This represents a -77.9% 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 $2.7B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are JD.com, Inc.'s total assets?

JD.com, Inc. (JD) had $99.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are JD.com, Inc.'s capital expenditures?

JD.com, Inc. (JD) invested $1.1B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does JD.com, Inc. spend on research and development?

JD.com, Inc. (JD) invested $3.2B in research and development during fiscal year 2025.

Does JD.com, Inc. buy back shares?

Yes, JD.com, Inc. (JD) spent $3.1B on share buybacks during fiscal year 2025, 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 1.22 as of fiscal year 2025, 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 1.78 as of fiscal year 2025, 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 3.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is JD.com, Inc.'s P/E ratio?

JD.com, Inc. (JD) trades at 10.8x earnings, its market capitalization divided by net income of $3.3B net income, FY2025. The market capitalization is $35.6B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is JD.com, Inc.'s price-to-sales ratio?

JD.com, Inc. (JD) trades at 0.2x sales, its market capitalization divided by revenue of $187.2B revenue, FY2025. The market capitalization is $35.6B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is JD.com, Inc.'s Altman Z-Score?

JD.com, Inc. (JD) has an Altman Z-Score of 2.56, 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 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 0.82x, considered mixed 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 0.99x, meaning it can struggle to 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 42 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.