JD.com (JDCMF) Financials
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 Nov 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F 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 JDCMF SEC filings page.
JD.com Inc (JDCMF) 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 14 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 (20-F and 6-K reports).
FY2025's revenue growth exposed a cost-heavy operating model: gross profit expanded, but overhead and reinvestment compressed cash generation.
Revenue grew17.9% , but operating income fell92.5% as SG&A expanded sharply. Because gross margin reached16.0% while R&D rose36.2% , FY2025's weakness is concentrated below gross profit rather than in product economics.
Operating cash flow was
Liabilities rose to
Financial Health Signals
We do not publish a peer-relative financial health score for JD.com Inc, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
JD.com Inc scores 2.60, placing it in the grey zone between 1.81 and 2.99. The largest contribution to the score comes from revenue of $187.2B against total assets of $99.4B. 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.
JD.com Inc passes 4 of 8 computable financial strength tests (1 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.
For every $1 of reported earnings, JD.com Inc generates $0.97 in operating cash flow ($2.7B OCF vs $2.8B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
JD.com Inc earns $0.99 in operating income for every $1 of interest expense ($396.7M vs $400.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
JD.com Inc generated $187.2B in revenue in fiscal year 2025. This represents an increase of 17.9% from the prior year.
JD.com Inc's EBITDA was $1.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 72.6% from the prior year.
JD.com Inc reported $2.8B in net income in fiscal year 2025. This represents a decrease of 50.5% from the prior year.
JD.com Inc earned $0.92 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 49.9% from the prior year.
Cash & Balance Sheet
JD.com Inc generated $1.6B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 77.9% from the prior year.
JD.com Inc held $19.7B in cash against $6.0B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
JD.com Inc's gross margin was 16.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.
JD.com Inc's operating margin was 0.2% in fiscal year 2025, reflecting core business profitability. This is down 3.1 percentage points from the prior year.
JD.com Inc's net profit margin was 1.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.1 percentage points from the prior year.
JD.com Inc's ROE was 8.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 8.6 percentage points from the prior year.
Capital Allocation
JD.com Inc invested $3.2B in research and development in fiscal year 2025. This represents an increase of 36.2% from the prior year.
JD.com Inc spent $3.1B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 13.7% from the prior year.
JD.com Inc invested $1.1B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 52.5% from the prior year.
JDCMF 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.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F | FY1420-F | FY1320-F | FY1220-F |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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+49.7% | $37.2B+33.1% | $27.9B+50.8% | $18.5B+61.8% | $11.5B+72.4% | $6.6B |
| 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+49.1% | $32.1B+30.8% | $24.5B+49.8% | $16.4B+58.7% | $10.3B+69.7% | $6.1B |
| 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+53.4% | $5.1B+49.4% | $3.4B+58.2% | $2.2B+90.6% | $1.1B+102.3% | $558.9M |
| R&D Expenses | $3.2B+36.2% | $2.3B+1.1% | $2.3B-5.7% | $2.4B-4.4% | $2.6B+3.6% | $2.5B+17.9% | $2.1B+18.9% | $1.8B+72.8% | $1.0B | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $13.7B+76.2% | $7.8B+10.9% | $7.0B-0.8% | $7.1B-10.3% | $7.9B+53.5% | $5.1B+29.2% | $4.0B+12.2% | $3.5B+20.7% | $2.9B+50.2% | $2.0B+34.6% | $1.5B-2.7% | $1.5B+284.8% | $388.3M+39.4% | $278.6M |
| Operating Income | $396.7M-92.5% | $5.3B+44.8% | $3.7B+28.2% | $2.9B+340.1% | $649.8M-65.6% | $1.9B+46.4% | $1.3Bn/m | -$380.9Mn/m | -$128.4Mn/m | -$180.3Mn/m | -$827.1Mn/m | -$935.2Mn/m | -$95.6Mn/m | -$313.2M |
| EBITDA | $1.8B-72.6% | $6.5B+35.0% | $4.8B+23.7% | $3.9B+140.1% | $1.6B-42.3% | $2.8B+32.5% | $2.1B+397.8% | $427.7M-17.1% | $516.0M+65.2% | $312.3Mn/m | -$440.1Mn/m | -$669.2Mn/m | -$47.2Mn/m | -$283.4M |
| Interest Expense | $400.8M+1.0% | $396.8M-2.2% | $405.8M+32.9% | $305.3M+60.4% | $190.3M+10.4% | $172.4M+65.6% | $104.1M-16.2% | $124.3M-16.1% | $148.1M+66.3% | $89.1M+695.0% | $11.2M+141.2% | $4.6M+233.3% | $1.4M+4.3% | $1.3M |
| Income Tax | $311.9M-66.9% | $942.3M-20.3% | $1.2B+95.2% | $605.5M+104.5% | $296.1M+30.4% | $227.1M-12.3% | $259.0M+317.1% | $62.1M+189.4% | $21.5M-10.5% | $24.0Mn/m | -$2.3M-172.6% | $3.1Mn/m | -$7K-100.7% | $983K |
| Net Income | $2.8B-50.5% | $5.7B+66.5% | $3.4B+126.0% | $1.5Bn/m | -$556.1M-107.3% | $7.6B+332.6% | $1.8Bn/m | -$362.0Mn/m | -$23.4Mn/m | -$548.3Mn/m | -$1.4Bn/m | -$805.3Mn/m | -$8.2Mn/m | -$277.6M |
| EPS (Basic) | $0.99-48.0% | $1.89+74.9% | $1.08+125.0% | $0.48n/m | -$0.18-107.2% | $2.51+317.3% | $0.60n/m | -$0.13n/m | -$0.01n/m | -$0.20n/m | -$0.51 | -$0.86 | -$0.24 | -$0.35 |
| EPS (Diluted) | $0.92-49.9% | $1.84+71.7% | $1.07+130.3% | $0.47n/m | -$0.18-107.4% | $2.43+311.2% | $0.59n/m | -$0.13n/m | -$0.01n/m | -$0.20n/m | -$0.51 | -$0.86 | -$0.24 | -$0.35 |
| 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-1.2% | 2.91B+3.8% | 2.80B+2.5% | 2.74B | 2.42B | 1.69B | 1.52B |
JDCMF Balance Sheet
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.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F | FY1420-F | FY1320-F | FY1220-F |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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+76.0% | $13.1B+22.5% | $10.7B+149.4% | $4.3B | N/A |
| 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+116.8% | $3.7B | N/A |
| 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+76.1% | $2.2B+3.9% | $2.2B-20.8% | $2.7B+52.6% | $1.8B+55.0% | $1.2B |
| 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+40.0% | $943.1M+119.7% | $429.2M-78.1% | $2.0B+523.5% | $314.4Mn/m | $0 |
| 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+86.3% | $1.1B | N/A |
| Accounts Receivable | $3.9B+11.5% | $3.5B+22.6% | $2.9B-4.1% | $3.0B+59.8% | $1.9B+71.3% | $1.1B+22.6% | $889.2M-45.0% | $1.6B-35.7% | $2.5B+8.2% | $2.3B+83.8% | $1.3B+222.1% | $392.7M+373.4% | $82.9M | N/A |
| Long-Term Investments | $7.4B-8.9% | $8.1B-28.6% | $11.4B+446.9% | $2.1B-30.5% | $3.0B-50.0% | $6.0B+94.7% | $3.1B+33.0% | $2.3B+50.1% | $1.5B+52.9% | $1.0Bn/m | $0-100.0% | $70.0Mn/m | $0n/m | $0 |
| Goodwill | $3.8B+6.7% | $3.5B+25.2% | $2.8B-16.1% | $3.4B+71.8% | $2.0B+16.7% | $1.7B+75.1% | $954.4M-1.2% | $966.3M-5.5% | $1.0B+8.7% | $940.1M+42186.6% | $2.2M-99.5% | $420.3M+17269.1% | $2.4M+2.9% | $2.4M |
| 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+104.8% | $8.4B+79.4% | $4.7B+18.2% | $4.0B | N/A |
| 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+99.5% | $7.6B+61.8% | $4.7B+68.7% | $2.8B | N/A |
| Non-Current Liabilities | $13.6B+16.5% | $11.7B+24.1% | $9.4B+19.2% | $7.9B+79.5% | $4.4B+7.9% | $4.1B+49.0% | $2.7B+64.2% | $1.7B-19.1% | $2.1B-0.7% | $2.1B+153.2% | $819.9Mn/m | $0-100.0% | $1.2B | N/A |
| Long-Term Debt | $6.0B+37.2% | $4.3B | N/A | N/A | $1.5B-25.1% | $2.0B | N/A | $449.2M | N/A | N/A | 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+3.4% | $4.7B-21.9% | $6.0B+1670.4% | $341.4M+27.8% | $267.2M |
| Retained Earnings | $12.1B+15.8% | $10.5B+69.1% | $6.2B+46.0% | $4.2B-19.9% | $5.3B-7.5% | $5.7Bn/m | -$1.7Bn/m | -$3.5Bn/m | -$3.4Bn/m | -$3.1Bn/m | -$2.8Bn/m | -$1.5Bn/m | -$704.3M | N/A |
JDCMF Cash Flow 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.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F | FY1420-F | FY1320-F | FY1220-F |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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-26.4% | $4.1B+247.8% | $1.2B+353.2% | $261.9M+26.0% | $207.9M-64.7% | $589.7M+161.7% | $225.3M |
| Depreciation & Amortization | $1.4B+14.3% | $1.2B+4.4% | $1.2B+11.3% | $1.0B+7.3% | $977.9M+5.2% | $930.0M+11.1% | $837.1M+3.5% | $808.7M+25.5% | $644.4M+30.8% | $492.6M+27.3% | $387.1M+45.5% | $266.0M+449.4% | $48.4M+62.4% | $29.8M |
| Stock-Based Compensation | $675.8M+64.5% | $410.9M-39.3% | $676.6M-38.2% | $1.1B-23.6% | $1.4B+125.0% | $636.9M+20.0% | $530.8M-0.3% | $532.3M+24.6% | $427.3M+43.9% | $296.9M+78.7% | $166.1M-75.7% | $684.9M+1487.5% | $43.1M+19.4% | $36.1M |
| Capital Expenditures | $1.1B+52.5% | $733.4M+29.4% | $566.9M-28.8% | $796.7M-8.7% | $872.8M+69.0% | $516.5M+38.5% | $373.0M-65.1% | $1.1B+113.1% | $502.2M+156.5% | $195.8M-17.7% | $237.8M+42.4% | $167.1M+37.1% | $121.8M+457.5% | $21.8M |
| Free Cash Flow | $1.6B-77.9% | $7.2B-7.6% | $7.8B+3.0% | $7.6B+31.6% | $5.8B-4.0% | $6.0B+88.4% | $3.2B+62.0% | $2.0B-45.8% | $3.6B+265.8% | $991.1M+4023.1% | $24.0M-41.1% | $40.8M-91.3% | $467.9M+130.0% | $203.5M |
| Investing Cash Flow | $6.0Bn/m | -$119.3Mn/m | -$8.4Bn/m | -$7.8Bn/m | -$11.7Bn/m | -$8.9Bn/m | -$3.6Bn/m | -$3.8Bn/m | -$6.1Bn/m | -$6.6Bn/m | -$893.9M | N/A | N/A | N/A |
| Financing Cash Flow | -$3.8Bn/m | -$2.9Bn/m | -$818.0M-578.1% | $171.1M-94.4% | $3.1B-71.9% | $10.9B+2848.3% | $369.4M-77.4% | $1.6B-44.8% | $3.0B-49.6% | $5.9B+707.9% | $725.6M | N/A | N/A | N/A |
| Dividends Paid | $1.5B+31.1% | $1.1B+19.2% | $949.4M-50.0% | $1.9Bn/m | $0n/m | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $3.1B-13.7% | $3.5B+909.4% | $351.7M+33.1% | $264.3M-67.9% | $823.2M+1621.6% | $47.8M+154.1% | $18.8M-37.2% | $29.9M | N/A | $768.9M | N/A | N/A | N/A | N/A |
JDCMF 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.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F | FY1620-F | FY1520-F | FY1420-F | FY1320-F | FY1220-F |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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%+0.3pp | 13.7%+1.5pp | 12.2%+0.6pp | 11.6%+1.8pp | 9.9%+1.5pp | 8.4% |
| 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%+0.2pp | -0.5%+2.5pp | -3.0%+2.1pp | -5.1%-4.2pp | -0.8%+3.9pp | -4.7% |
| Net Margin | 1.5%-2.1pp | 3.6%+1.3pp | 2.2%+1.2pp | 1.0%+1.4pp | -0.4%-7.0pp | 6.6%+4.5pp | 2.1%+2.7pp | -0.5%-0.5pp | 0.0%+1.4pp | -1.5%+3.6pp | -5.0%-0.7pp | -4.3%-4.3pp | -0.1%+4.1pp | -4.2% |
| Return on Equity | 8.7%-8.6pp | 17.3%+6.9pp | 10.4%+5.5pp | 4.9%+6.6pp | -1.7%-28.1pp | 26.4%+11.5pp | 14.9%+19.1pp | -4.2%-3.9pp | -0.3%+10.9pp | -11.2%+18.6pp | -29.8%-16.5pp | -13.3%-10.9pp | -2.4%+101.5pp | -103.9% |
| Return on Assets | 2.8%-3.1pp | 5.9%+2.1pp | 3.8%+2.1pp | 1.8%+2.5pp | -0.7%-12.4pp | 11.7%+7.0pp | 4.7%+5.9pp | -1.2%-1.1pp | -0.1%+2.3pp | -2.4%+8.3pp | -10.7%-3.2pp | -7.5%-7.3pp | -0.2% | N/A |
| 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+0.4x | 1.34 | N/A |
| Debt-to-Equity | 0.19+0.1x | 0.13 | N/A | N/A | 0.050.0x | 0.07 | N/A | 0.05 | N/A | N/A | N/A | N/A | N/A | N/A |
| Liabilities-to-Equity | 1.78+0.2x | 1.61+0.2x | 1.43-0.1x | 1.51+0.3x | 1.20+0.1x | 1.07-0.9x | 1.94-0.3x | 2.21-0.3x | 2.53-1.0x | 3.52+1.7x | 1.78+1.0x | 0.77-10.8x | 11.59 | N/A |
| 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+0.4x | 1.61-0.5x | 2.13+0.4x | 1.73-0.9x | 2.67 | N/A |
| FCF Margin | 0.9%-3.7pp | 4.5%-0.6pp | 5.1%+0.1pp | 5.0%+1.1pp | 3.9%-1.4pp | 5.3%+1.4pp | 3.9%+0.9pp | 2.9%-3.6pp | 6.5%+3.9pp | 2.7%+2.6pp | 0.1%-0.1pp | 0.2%-3.9pp | 4.1%+1.0pp | 3.1% |
Where JD.com Inc Ranks
Frequently Asked Questions
JD.com Inc (JDCMF) 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.
JD.com Inc (JDCMF) revenue grew by 17.9% year-over-year, from $158.8B to $187.2B in fiscal year 2025.
Yes, JD.com Inc (JDCMF) reported a net income of $2.8B in fiscal year 2025, with a net profit margin of 1.5%.
JD.com Inc (JDCMF) had EBITDA of $1.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, JD.com Inc (JDCMF) had $19.7B in cash and equivalents against $6.0B in long-term debt.
JD.com Inc (JDCMF) had a gross margin of 16.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
JD.com Inc (JDCMF) had an operating margin of 0.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
JD.com Inc (JDCMF) had a net profit margin of 1.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
JD.com Inc (JDCMF) has a return on equity of 8.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
JD.com Inc (JDCMF) 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.
JD.com Inc (JDCMF) generated $2.7B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
JD.com Inc (JDCMF) had $99.4B in total assets as of fiscal year 2025, including both current and long-term assets.
JD.com Inc (JDCMF) invested $1.1B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
JD.com Inc (JDCMF) invested $3.2B in research and development during fiscal year 2025.
JD.com Inc (JDCMF) had a current ratio of 1.22 as of fiscal year 2025, which is considered adequate.
JD.com Inc (JDCMF) had a debt-to-equity ratio of 0.19 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
JD.com Inc (JDCMF) had a liabilities-to-equity ratio of 1.78 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
JD.com Inc (JDCMF) had a return on assets of 2.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
JD.com Inc (JDCMF) trades at 14.0x earnings, its market capitalization divided by $2.8B net income, FY2025. The market capitalization is $39.3B as of Nov 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
JD.com Inc (JDCMF) trades at 0.2x sales, its market capitalization divided by $187.2B revenue, FY2025. The market capitalization is $39.3B as of Nov 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
JD.com Inc (JDCMF) has an Altman Z-Score of 2.60, 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.
JD.com Inc (JDCMF) has a Piotroski F-Score of 4 out of 8 computable signals; 1 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.
JD.com Inc (JDCMF) has an earnings quality ratio of 0.97x, 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.
JD.com Inc (JDCMF) 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.