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JD.com Announces Updates of Share Repurchase and Cancellation

JD.com (NASDAQ: JD) announced updates to its share repurchase and cancellation program on January 8, 2026.

(Neutral)
Tags
buybacks

JD.com (NASDAQ: JD) announced updates to its share repurchase and cancellation program on January 8, 2026. In 2025 the company repurchased approximately 183.2 million Class A ordinary shares (equivalent to 91.6 million ADSs) for a total of approximately US$3.0 billion. Those repurchased shares represent approximately 6.3% of total ordinary shares outstanding as of December 31, 2024 and have been cancelled as of the announcement date. The repurchases were executed on both Nasdaq and the Hong Kong Stock Exchange under the company’s previously adopted US$5.0 billion repurchase program (adopted August 2024, effective through August 2027). The remaining amount under the program was approximately US$2.0 billion as of December 31, 2025.

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Positive

  • Repurchased approximately 183.2M Class A shares in 2025
  • Repurchases totalled approximately US$3.0B in 2025
  • Cancelled the repurchased shares, reducing outstanding share count by ~6.3%
  • Repurchases executed on Nasdaq and Hong Kong Stock Exchange
  • Remaining repurchase capacity of approximately US$2.0B as of Dec 31, 2025

Negative

  • None.
Argus Jan 8 session
+2.20% close to close Open Argus
Details

News Market Reaction – JD

In the Jan 8 session, JD gained 2.20%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights JD.com’s execution on capital returns, with 183.2 million Class A share...
Analysis

This announcement highlights JD.com’s execution on capital returns, with 183.2 million Class A shares, or 6.3% of ordinary shares, repurchased and cancelled in 2025 for US$3.0 billion. The activity draws on a US$5.0 billion program adopted in August 2024, leaving US$2.0 billion authorized. Investors may track the pace of future repurchases relative to JD’s price near its 52‑week low and consider this alongside recent earnings trends and ongoing investment in new businesses.

Key Figures

Shares repurchased 2025: 183.2 million Class A ordinary shares ADSs repurchased 2025: 91.6 million ADSs 2025 buyback spend: US$3.0 billion +3 more
Shares repurchased 2025
183.2 million Class A ordinary shares
Total repurchased during 2025 under buyback program
ADSs repurchased 2025
91.6 million ADSs
Equivalent American depositary shares repurchased in 2025
2025 buyback spend
US$3.0 billion
Total consideration for 2025 share repurchases
Portion of shares repurchased
6.3%
Repurchased shares as share of total ordinary shares as of Dec 31, 2024
Buyback program size
US$5.0 billion
Maximum size of share repurchase program adopted August 2024
Buyback remaining
US$2.0 billion
Remaining authorization as of Dec 31, 2025

Historical Context

5 past events · Latest: Nov 13
5 events
  1. Nov 13

    Q3 2025 earnings

    24h Move
    -1.7%

    Strong Q3 revenue and retail margin but lower net income on investments.

  2. Oct 30

    Earnings preview

    24h Move
    -2.9%

    Announcement of Q3 2025 results date and conference call details.

  3. Sep 02

    AI initiative news

    24h Move
    -1.2%

    Launch of Cybernova Accelerator to link AI research with market use.

  4. Aug 14

    Q2 2025 earnings

    24h Move
    -2.9%

    Strong Q2 revenue and retail growth with higher investments hitting profit.

  5. Jul 31

    Earnings preview

    24h Move
    -0.8%

    Scheduling of Q2 and H1 2025 financial results and conference call.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

american depositary shares, ads, share repurchase program
3 terms
american depositary shares financial
"equivalent to 91.6 million American depositary shares, “ADSs”"
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
ads financial
"equivalent to 91.6 million American depositary shares, “ADSs”"
Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.
share repurchase program financial
"pursuant to the Company’s share repurchase program of up to US$5.0 billion"
A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BEIJING, Jan. 08, 2026 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter), the “Company” or “JD.com”), a leading supply chain-based technology and service provider, today announced updates of its share repurchase and cancellation.

The Company repurchased a total of approximately 183.2 million Class A ordinary shares (equivalent to 91.6 million American depositary shares, “ADSs”) for a total of approximately US$3.0 billion in 2025. The total number of these repurchased shares amounted to approximately 6.3% of the Company’s total ordinary shares outstanding as of December 31, 2024.

All of the 183.2 million Class A ordinary shares (equivalent to 91.6 million ADSs) repurchased in 2025 have been cancelled as of the date of this announcement.

These repurchases were made from both Nasdaq and the Hong Kong Stock Exchange pursuant to the Company’s share repurchase program of up to US$5.0 billion adopted in August 2024 and effective through August 2027. The remaining amount of the share repurchase program was approximately US$2.0 billion as of December 31, 2025.

About JD.com

JD.com is a leading supply chain-based technology and service provider. The Company’s cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it. The Company has opened its technology and infrastructure to partners, brands and other sectors, as part of its Retail as a Service offering to help drive productivity and innovation across a range of industries.

CONTACTS:

Investor Relations
Sean Zhang
+86 (10) 8912-6804
IR@JD.com

Media Relations
+86 (10) 8911-6155
Press@JD.com


FAQ

How many shares did JD (NASDAQ: JD) repurchase in 2025?

JD repurchased approximately 183.2 million Class A ordinary shares in 2025 (equivalent to 91.6 million ADSs).

How much did JD spend on share repurchases in 2025?

The company spent approximately US$3.0 billion on repurchases in 2025.

What percentage of JD's outstanding shares were repurchased and cancelled?

The repurchased shares represented approximately 6.3% of total ordinary shares outstanding as of December 31, 2024 and have been cancelled.

How much remaining capacity is left under JD's US$5.0 billion repurchase program?

Approximately US$2.0 billion of the repurchase program remained as of December 31, 2025.

Under what program and exchanges were JD's 2025 repurchases made?

Repurchases were made under the US$5.0 billion program adopted in August 2024 and were executed on Nasdaq and the Hong Kong Stock Exchange.

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