JD.com, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $187.20B | $158.76B | $152.77B | $151.69B | $149.33B | $114.30B | $82.86B | $67.20B |
| Cost of Revenue | $157.16B | $133.57B | $130.28B | $130.37B | $129.07B | $97.58B | $70.74B | $57.61B |
| Gross Profit | $30.03B | $25.19B | $22.49B | $21.32B | $20.25B | $16.72B | $12.13B | $9.59B |
| Gross Margin | 16.0% | 15.9% | 14.7% | 14.1% | 13.6% | 14.6% | 14.6% | 14.3% |
| Operating Expenses | ||||||||
| Research & Development | $3.18B | $2.33B | $2.31B | $2.45B | $2.56B | $2.47B | $2.10B | — |
| SG&A Expense | $1.71B | $1.22B | $1.37B | $1.60B | $1.81B | $982.2M | $788.6M | $750.4M |
| Operating Income | $397.0M | $5.31B | $3.67B | $2.86B | $650.0M | $1.89B | $1.29B | $-380.9M |
| Operating Margin | 0.2% | 3.3% | 2.4% | 1.9% | 0.4% | 1.7% | 1.6% | -0.6% |
| Interest Expense | $401.0M | $397.0M | $406.0M | $305.0M | $190.0M | $172.4M | $104.1M | $124.3M |
| Pretax Income | $3.62B | $7.06B | $4.46B | $2.01B | $-405.0M | $7.79B | $1.97B | $-345.2M |
| Income Tax Expense | $312.0M | $943.0M | $1.18B | $605.0M | $296.0M | $227.1M | $258.9M | $62.1M |
| Net Income | $3.31B | $6.12B | $3.28B | $1.41B | $-701.0M | $7.56B | $1.71B | $-407.3M |
| Net Margin | 1.8% | 3.9% | 2.1% | 0.9% | -0.5% | 6.6% | 2.1% | -0.6% |
| EPS (Basic) | $0.99 | $1.90 | $1.08 | $0.48 | $-0.18 | $2.51 | $0.60 | $-0.13 |
| EPS (Diluted) | $0.92 | $1.84 | $1.07 | $0.47 | $-0.18 | $2.43 | $0.59 | $-0.13 |
| Shares Outstanding (Basic) | 2.85B | 2.99B | 3.14B | 3.13B | 3.11B | 3.02B | 2.91B | 2.88B |
| Shares Outstanding (Diluted) | 2.98B | 3.08B | 3.17B | 3.18B | 3.11B | 3.11B | 2.97B | 2.88B |
| Dividends Per Share | — | — | — | — | — | — | — | — |