Vipshop Holdings Limited
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2010 | 9.8% | -25.7% | -25.7% |
| FY2011 | 19.1% | -47.1% | -47.2% |
| FY2012 | 22.3% | -1.7% | -1.4% |
| FY2013 | 24.0% | 3.2% | 3.1% |
| FY2014 | 24.9% | 3.6% | 3.3% |
| FY2015 | 24.6% | 5.2% | 3.8% |
| FY2016 | 24.0% | 4.8% | 3.5% |
| FY2017 | 22.3% | 3.7% | 2.6% |
| FY2018 | 20.2% | 2.9% | 2.5% |
| FY2019 | 22.2% | 5.1% | 4.3% |