JD.com, Inc.

JD.com, Inc.

9618.HK
JD.com, Inc.HK flagHong Kong Stock Exchange
110.20
HKD
+2.50
- -
301.03BMarket Cap
JD.com, Inc.
9618.HK
(Hong Kong Stock Exchange)

Recent

price

110.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
5.16
7.27
12.19
23.76
33.1
46.04
63.68
80.27
99.03
123.4
306.23
334.69
344.99
387.56
459.81
471.49
Revenue per Share
-0.31
-0.3
-0.01
-1.03
-1.67
-0.6
0.02
-0.43
2.09
8.17
-1.15
3.32
7.69
13.83
6.9
4.93
Basic EPS, GAAP
-0.17
0.04
0.4
-0.33
-0.61
0.72
2.72
-0.08
2.71
4.98
6.44
11.17
12.57
14.81
1.69
13.47
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
4.19
2.14
2.76
3.65
- -
Dividend per Share
-0.61
-0.74
-0.75
-1.92
-3.37
-3.9
-3.91
-4.18
-2.04
6.19
10.88
9.37
14.01
25.61
29.84
- -
Book Value per Share
0.59
0.18
0.26
5.79
4.65
4.7
6.86
11.32
13.56
31.96
68.93
66.54
73.12
81.26
78.29
74.86
Tangible Book Value per Share
4,092
5,690
5,690
4,839
5,470
5,610
5,690
5,756
5,825
6,044
3,107
3,126
3,144
2,990
2,847
2,808
Basic Weighted Avg Shares
21,129
41,381
69,340
115,002
181,042
258,290
362,332
462,020
576,888
745,802
951,592
1,046,236
1,084,662
1,158,819
1,309,085
1,323,697
Sales/Revenue/Turnover
-6.52
-4.61
-0.66
-4.86
-1.23
-0.21
- -
-0.43
1.27
1.78
0.62
1.75
2.67
3.41
0.28
-0.23
Operating Margin (%)
74
186
293
1,651
2,507
3,420
4,193
5,560
5,828
6,068
6,232
7,236
8,292
8,904
9,747
- -
Depreciation Expense
-1,284
-1,729
-50
-4,996
-9,108
-3,362
129
-2,492
12,184
49,405
-3,560
10,380
24,167
41,359
19,631
13,843
Net Income, GAAP
- -
- -
- -
- -
- -
- -
115.4
- -
13.17
2.92
- -
30.11
26.52
13.35
8.61
7.23
Effective Tax Rate (%)
-6.08
-4.18
-0.07
-4.34
-5.03
-1.3
0.04
-0.54
2.11
6.62
-0.37
0.99
2.23
3.57
1.5
1.05
Profit Margin (%)
5,239
4,271
5,843
20,947
9,485
2,192
-3,222
-16,006
-922
60,784
78,036
84,513
42,160
87,177
68,349
55,635
Working Capital
- -
- -
- -
- -
2,754
9,149
10,923
9,875
15,575
22,780
23,107
45,211
55,642
74,581
86,181
86,801
LT Debt
2,783
1,665
2,067
37,498
30,721
41,220
52,389
76,828
100,624
221,619
246,784
274,123
296,380
313,297
293,783
280,730
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
5.98
6.82
- -
4.1
5.95
8.78
0.83
-0.71
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
3.16
- -
79.29
78.6
- -
9.61
16.38
19.44
7.46
7.59
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-10
32.9
65.89
68.58
24.31
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
29,506
20,924
21,219
LT Borrowings
59,962
62,473
62,656
LT Finance Leases
22,621
23,708
24,145
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,838
2,742
2,701
Market Capitalization
363,585
285,499
279,654

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
379,264
374,421
364,662
Cash, Cash Equivalents & STI
198,272
213,232
202,133
Accounts Receivable, Net
39,735
27,333
25,430
Inventories
100,999
95,428
96,166
Total Current Liabilities
316,549
306,072
309,027
Payables & Accruals
244,519
220,072
245,978
ST Debt
29,506
20,924
21,219
Deferred Revenue
42,524
39,092
41,830

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
28.92%
6.01%
-6.23%
Free Cash Flow
-330.32%
-4.6%
-89.14%
Net Income, GAAP
-283.28%
-69.47%
-52.54%
Sales/Revenue/Turnover
22.56%
12.2%
12.97%
Total Cash Common Dividend
- -
- -
25.61%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
260,049
291,397
260,387
346,986
1,158,819
2025
301,082
356,660
299,059
352,284
1,309,085
2026
315,694
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.28
4.2
4.02
3.39
13.83
2025
3.76
2.17
1.86
-0.97
6.9
2026
1.86
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.76
2025
- -
- -
- -
- -
3.65
2026
- -
- -
- -
- -
- -
Business
JD.com, Inc. (9618.HK) operates as a leading supply chain-based technology and service provider primarily in China, offering a comprehensive e-commerce platform and advanced retail infrastructure that enables consumers to purchase a wide range of products whenever and wherever desired. The company provides core products and services across multiple segments, including JD Retail with offerings in home appliances and furnishings, digital products, supermarket goods, life services, automotive products and services, fashion and luxury goods, local retailing, and enterprise services; JD Logistics for nationwide fulfillment and delivery; JD Health for healthcare solutions; technology services incorporating AI, machine learning, and Retail as a Service; industrials; property development via JINGDONG Property; and international business through platforms like JD Worldwide and Joybuy, which facilitate cross-border sales of electronics, apparel, groceries, books, and general merchandise to over 700 million annual active customers. Founded in 1998 and headquartered in Beijing, JD.com conducts operations predominantly in China with expanding international presence in Europe, the Middle East, and beyond, ranking as China's largest retailer by revenue and 44th on the Fortune Global 500. Recent developments include a November 2025 memorandum of understanding between JINGDONG Property and Saudi Arabia's MODON to develop two million square meters of industrial and logistics projects; conditional approval from Italy in November 2025 for the acquisition of a significant stake in Germany's Ceconomy, which operates MediaMarkt and Saturn retail chains; and an ongoing takeover bid for Ceconomy announced in July 2025 valued at approximately €2.2 billion, alongside a strategic partnership between Joybuy and Kweichow Moutai in November 2025 to bolster its European operations.

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