13 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings, in CNY as reported — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 11.9% per year over the past 5 years.
Net income has grown slower than revenue (-14.1% vs 11.9% per year).
Operating margin has contracted, at 0.2% in the latest year.
Free cash flow has declined 40.2% per year over the past 5 years.
Financial health
The company holds more cash (CN¥137.5B) than total debt (CN¥49.7B).
Total debt has grown faster than revenue (30.8% vs 11.9% per year).
Operating income covered interest expense 1.0× in the latest year, down from 11× 5 years ago.
Total debt is 4.0× EBITDA.
Shareholder returns
Dividends have been paid for 4 consecutive years, consuming 44.8% of earnings and 92.9% of free cash flow.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
CN¥1.31T
CN¥23.1B
16.0%
0.2%
10.3%
3.3%
CN¥11.2B
CN¥49.7B
CN¥137.5B
2024
CN¥1.16T
CN¥44.7B
15.9%
3.3%
18.7%
6.4%
CN¥52.7B
CN¥39.3B
CN¥108.3B
2023
CN¥1.08T
CN¥23.3B
14.7%
2.4%
10.0%
3.7%
CN¥55.5B
—
CN¥71.9B
2022
CN¥1.05T
CN¥9.7B
14.1%
1.9%
4.5%
1.6%
CN¥52.3B
—
CN¥78.9B
2021
CN¥951.6B
-CN¥4.5B
13.6%
0.4%
-2.1%
-0.9%
—
CN¥13.9B
CN¥70.8B
2020
CN¥745.8B
CN¥49.3B
14.6%
1.7%
26.3%
11.7%
—
CN¥13.0B
CN¥86.1B
2019
CN¥576.9B
CN¥11.9B
14.6%
1.6%
14.5%
4.6%
—
—
CN¥37.0B
2018
CN¥462.0B
-CN¥2.8B
14.3%
-0.6%
-4.7%
-1.3%
—
CN¥3.2B
CN¥34.3B
2017
CN¥362.3B
-CN¥12M
14.0%
-0.2%
-0.0%
-0.0%
—
—
CN¥25.7B
2016
CN¥258.3B
-CN¥3.4B
13.7%
-0.5%
-10.1%
-2.1%
—
—
CN¥15.6B
2015
—
-CN¥9.1B
—
—
-29.8%
-10.7%
—
—
CN¥14.0B
2014
—
-CN¥5.0B
—
—
-13.3%
-7.5%
—
—
CN¥16.9B
2013
—
-CN¥50M
—
—
-2.4%
-0.2%
—
—
CN¥10.8B
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Dec '19
CN¥170.7B
CN¥3.6B
14.1%
0.3%
4.3%
1.4%
—
—
CN¥37.0B
Dec '18
CN¥134.8B
-CN¥4.9B
14.2%
-0.7%
-8.2%
-2.3%
—
CN¥3.2B
CN¥34.3B
Frequently asked questions
Is JD growing its revenue and profit?
Over the past 5 years, Jd.Com, Inc.'s revenue has grown 11.9% per year, and net income declined 14.1% per year. These are computed facts, not advice.
How much debt does JD have?
As of FY2025, Jd.Com, Inc. reported CN¥49.7B of total debt against CN¥137.5B of cash; operating income covered interest expense 1.0×.
What is JD's profit margin?
In FY2025, gross margin was 16.0%, operating margin 0.2%, and net margin 1.8%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CNY as reported (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (annual and interim filings, reported in CNY) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.