JD

JD.com
D

JD

Arincen50/100B

If you had invested in JD.com ago, it would be worth $1,323 today, against $4,081 in SPY and $6,291 in QQQ.

ArincenArincen ScoreBeta

50/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability0

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash2

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

JD.com key facts

Style
Value stock · 8.8/10Growth 7.8 · Value 8.8 · Dividend 7.4
Day range
27.290 – 27.920
52-week range
24.508 – 34.300
Market capitalization
37.67B USD
P/E
17.56
PEG ratio
0.67
EPS
1.59
Div Yield
3.58%
EPS growth forecast (FY2026)
+29.8%
Volume
229,032
Beta
0.30
ESG score
54.0/100Environment 50 · Social 51 · Governance 61
Sector
Consumer Cyclical
Industry
Specialty Retail
CEO
Ran Xu
Employees
900K
IPO date
22 May 2014

JD.com earnings

Next earnings · Q3 FY2026
EPS estimate
0.88 USD
Revenue estimate
46.04B USD
Last quarter · Q2 FY2026
EPS0.93Beat +8.1%Revenue50.98BBeat +1.2%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q2 FY20271.13——+21.09%55.32B——+8.50%
Q1 FY20270.99——+34.16%50.26B——+9.86%
Q4 FY20260.64——+703.93%55.61B——+10.42%
Q3 FY20260.88——+68.85%46.04B——+9.60%
Q2 FY20260.860.93+8.14%+34.78%50.38B50.98B+1.19%+2.51%
Q1 FY20260.570.74+29.82%-36.21%45.16B45.75B+1.32%+10.65%
Q4 FY20250.070.08+14.29%-92.16%50.26B50.36B+0.20%+5.97%
Q3 FY20250.460.52+13.04%-58.06%49.69B42.00B-15.47%+13.19%
Q2 FY20250.500.69+38.00%-46.51%46.73B49.74B+6.43%+24.03%
Q1 FY20251.051.16+10.48%+48.72%40.31B41.35B+2.58%+15.01%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

JD.com analyst forecast

12-month price target
34.67 USD
+24.29%

Analysts' 1-year price targets range from 27.00 to 39.00, with an average of 34.67.

Past year
1-year forecast
Strong sellStrong buy
Buy
8 ratings
Buy
6
Hold
2
Sell
0

12-month price target

Highest target39.00
Average target34.67
Lowest target27.00
Current price27.90

JD.com valuation

Price to earnings ratio (TTM)
17.56
Forward P/E (FY2026)
8.77
Price to sales (TTM)
0.19
Price to book
1.15
EV / EBITDA (TTM)
4.19

Capital structure

Market capitalization
37.67B USD
+
Total debt
15.79B USD
−
Cash and short-term investments
35.25B USD
=
Enterprise value
18.22B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)5.58————
FY2027 (est.)6.885.58———
FY2026 (est.)8.776.88———
Now (TTM)17.567.070.191.154.19
FY202514.566.930.221.276.42
FY20249.416.930.341.637.65
FY202313.336.930.301.397.45
FY202258.3018.270.582.8425.47
FY2021-193.5226.900.733.31134.62

JD.com against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Williams-Sonoma, Coupang, AutoZone, Ulta Beauty, eBay, and Casey's General Stores, the US Specialty Retail companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • Gross marginLowest in 5 years9.3%
    9.3%14.7%
    Against its peers: 7 of 7Peers' median 42.6%
  • Operating marginLowest in 5 years0.2%
    0.2%3.3%
    Against its peers: 7 of 7Peers' median 15.3%
  • Net marginAt its median1.5%
    -0.4%3.6%
    Against its peers: 6 of 7Peers' median 11.0%
  • Return on equityAt its median8.7%
    -1.7%17.3%
    Against its peers: 5 of 6Peers' median 41.1%
  • Free cash flow marginLowest in 5 years0.4%
    0.4%3.8%
    Against its peers: 7 of 7Peers' median 8.8%
  • Revenue growthAbove its median13.0%
    3.7%27.6%
    Against its peers: 2 of 7Peers' median 8.8%
  • EPS growthBelow its median-52.0%
    -107.2%137.4%
    Against its peers: 7 of 7Peers' median 7.7%
  • Debt to EBITDAAt its median2.20×
    1.60×7.02×
    Against its peers: 4 of 7Peers' median 2.29×
  • Current ratioBelow its median1.22
    1.161.35
    Against its peers: 3 of 7Peers' median 1.07

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

JD.com growth and profitability

Revenue (TTM)
1.31T CNY
Net income (TTM)
14.74B CNY
Gross margin
9.82%
Operating margin
0.08%
Net margin
1.12%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20251.31T+12.97%19.63B-52.54%9.31%0.21%1.50%37.87B-21.87%
FY20241.16T+6.84%41.36B+71.14%9.79%3.34%3.57%48.47B+13.20%
FY20231.08T+3.67%24.17B+132.82%14.72%2.40%2.23%42.82B+84.51%
FY20221.05T+9.95%10.38B—14.06%1.89%0.99%23.21B+377.06%
FY2021951.59B+27.59%-3.56B-107.21%13.56%0.44%-0.37%4.87B-91.61%

JD.com revenue breakdown

By product

FY2025
Electronics And Home Appliance Products: 46.2%General Merchandise Products: 32.0%Logistics And Other Services: 13.6%online marketplace and marketing services: 8.2%46.2%Electronics And Home Appliance Products32.0%General Merchandise Products13.6%Logistics And Other Services8.2%online marketplace and marketing services
SegmentRevenueShare of revenueChange on the year
Electronics And Home Appliance Products605.13B46.2%+7.1%
General Merchandise Products418.67B32.0%+15.3%
Logistics And Other Services178.15B13.6%+26.6%
online marketplace and marketing services107.13B8.2%+18.9%

How JD.com makes its money

Electronics And Home Appliance Products605.13B 46.2%
General Merchandise Products418.67B 32.0%
Logistics And Other Services178.15B 13.6%
online marketplace and marketing services107.13B 8.2%
Revenue1.31T 100.0%
Cost of revenue1.19T 90.7%
Gross profit121.85B 9.3%
Research and development22.23B 1.7%
Selling and administration95.93B 7.3%
Other operating expenses916.00M 0.1%
Operating income2.77B 0.2%
Tax2.18B 0.2%
Net income19.63B 1.5%

FY2025, in CNY. Each band is as wide as its money; the percentage is its share of revenue.

JD.com dividends

Annual dividend
1.00 USD
Dividend yield (indicated)
3.58%
Payout ratio
62.93%
Years of dividend growth
2
Frequency
Annual
Last payment
1.00 USD
Last ex-dividend date
9 Apr 2026
Last payment date
29 Apr 2026

Dividends per share

Year202520242023
Dividends per share1.000.760.62

JD.com financial health

Cash and short-term investments
235.14B CNY
Total debt
105.35B CNY
Net cash
129.80B CNY
Free cash flow (TTM)
31.32B CNY
Current ratio
1.14
Debt to equity
0.48
Piotroski score
8 / 9
Altman Z-score
2.32

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY2025225.51B83.45B4.81B
FY2024234.00B89.77B44.28B
FY2023190.15B68.43B39.51B
FY2022219.96B65.05B35.84B
FY2021185.33B34.14B23.74B

JD.com ownership

Institutions
14.84%
Institutional holders
500 (+24)
Free float
88.96%

Who owns the shares

Institutions 14.8% Others 85.2%
As of 30 Jun 2026

Shares free to trade

Free float 1.20B shares ·89.0% Closely held 149.07M shares ·11.0%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q3 20260026.98K55.68K
Q2 2026001.35M2.25M
Q1 2026000.000.00

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY20251.42B1.49B-3.19%
FY20241.54B1.54B-2.98%
FY20231.57B1.59B-0.33%
FY20221.56B1.59B+2.36%
FY20211.55B1.55B-0.05%

Source: Financial Modeling Prep

Related Instruments News

Title: JD.com

Sector: Consumer Cyclical
Industry: Specialty Retail
JD.com is the third-largest Chinese e-commerce platform by gross merchandise volume in 2025. It offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace, and omnichannel businesses.

Common questions about JD.com stock