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JD.com, Inc.

JD.com, Inc.

NASDAQ•JD
CEO: Mr. Qiangdong Liu
Sector: Consumer Cyclical
Industry: Specialty Retail
Listing Date: 2014-05-22
JD.com, Inc. operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry. It also provides online marketplace services for third-party merchants; marketing services; and omni-channel solutions to customers and offline retailers, as well as online healthcare services. In addition, the company develops, owns, and manages its logistics facilities and other real estate properties to support third parties; offers asset management services and integrated service platform; leasing of storage facilities and related management services; and engages in online retail business. Further, it provides integrated data, technology, business, and user management industry solutions to support the digitization of enterprises and institutions; and technology-driven supply chain solutions and logistics services. The company was formerly known as 360buy Jingdong Inc. and changed its name to JD.com, Inc. in January 2014. JD.com, Inc. was incorporated in 2006 and is headquartered in Beijing, the People's Republic of China.
Contact Information
Building A, 20th Floor, No. 18 Kechuang 11 Street Yizhuang Eco & Tech Dev Zn Daxing District, Beijing, 101111, China
N/A
www.jd.com
Market Cap
$42.34B
P/E (TTM)
9.9
32.9
Dividend Yield
3.4%
52W High
$46.45
52W Low
$28.21
52W Range
9%
Rank27Top 14.4%
5.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$41.79B+14.85%
4-Quarter Trend

EPS

$0.52-53.73%
4-Quarter Trend

FCF

-$1.49B-8.17%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Total Revenue Growth Total net revenues reached RMB 1.16T in 2024, marking a 6.8% increase from RMB 1.08T reported in 2023.
Net Income Surge Net income attributable to ordinary shareholders was RMB 41.4 B in 2024, significantly up from RMB 24.2 B recorded in 2023.
Strong Operating Cash Flow Net cash provided by operating activities remained robust at RMB 58.1 B (US$ 7.96 B) for the fiscal year ended December 31, 2024.
Service Revenue Expansion Net service revenues grew to RMB 230.8 B (US$ 31.6 B) in 2024, driven by increased logistics volumes and external customer growth.

Risk Factors

PRC Regulatory Uncertainty PRC government oversight creates uncertainty regarding VIE structure enforceability and offshore listing compliance requirements.
Intense Retail Competition Intense competition pressures margins; marketing expenses rose 19.5% to RMB 48.0 B in 2024, reflecting competitive spending.
Fulfillment Infrastructure Management Failure to manage nationwide fulfillment expansion efficiently strains managerial and financial resources, potentially affecting growth.
Inventory Obsolescence Risk Expanding product offerings increases inventory levels, heightening the risk of obsolescence and requiring more pressure on warehousing systems.

Outlook

Technology and Infrastructure Investment Plan continued investment in technology platform, focusing on AI, big data, and cloud capabilities to enhance customer experience.
Omni-channel Strategy Expansion Focus on omni-channel integration, leveraging partnerships like Dada to diversify retail capabilities and enhance consumer access.
Cost Efficiency Focus Continue efforts to optimize logistics fulfillment network and operating efficiencies through technology adoption.
Capital Allocation Discretion Board maintains discretion over future dividend policy, balancing capital needs for expansion with shareholder returns.

Peer Comparison

Revenue (TTM)

Ford Motor CompanyF
$189.59B
+3.7%
General Motors CompanyGM
$187.44B
+2.6%
JD.com, Inc.JD
$180.81B
+16.6%

Gross Margin (Latest Quarter)

Trip.com Group LimitedTCOM
81.7%
-0.7pp
eBay Inc.EBAY
70.9%
-0.9pp
Copart, Inc.CPRT
46.5%
+1.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
GM$74.33B25.24.7%46.0%
ROST$61.32B29.236.8%33.7%
F$53.07B11.510.3%54.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-4.7%
Flat Growth
4Q Net Income CAGR
-18.7%
Declining Profitability
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Mar 5, 2026
|
EPS:$0.07
|
Revenue:-
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 17, 2025|
    Revenue: $161.05B+6.8%
    |
    EPS: $3.84+79.8%
    Beat

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 18, 2024|
    Revenue: $153.17B+3.7%
    |
    EPS: $2.17+131.6%
    Beat

  • Form 20-F/A - FY 2022

    Period End: Dec 31, 2022|Filed: Jan 12, 2024|
    Revenue: $151.25B+9.9%
    |
    EPS: $0.96+388.7%
    Miss

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Apr 20, 2023|Refer to amended data

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: Apr 28, 2022|
    Revenue: $147.53B+27.6%
    |
    EPS: $-0.36-107.0%
    Miss

  • Form 20-F - FY 2020

    Period End: Dec 31, 2020|Filed: Apr 16, 2021|
    Revenue: $108.10B+29.3%
    |
    EPS: $4.74+291.1%
    Beat