Vipshop Holdings Limited
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 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% |
| FY2020 | 20.9% | 5.8% | 5.8% |
| FY2021 | 19.7% | 4.8% | 4.0% |
| FY2022 | 21.0% | 6.0% | 6.1% |
| FY2023 | 22.8% | 8.1% | 7.3% |
| FY2024 | 23.5% | 8.5% | 7.2% |
| FY2025 | 23.1% | 7.7% | 6.8% |