7 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Operating margin has been roughly flat, at 7.7% in the latest year.
Financial health
Operating income covered interest expense 90× in the latest year, up from 90× 5 years ago.
Shareholder returns
Dividends have been paid for 1 consecutive year, consuming 24.8% of earnings and 32.8% of free cash flow.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
2025
$15.1B
$1.0B
23.1%
7.7%
$782M
—
$3.3B
2015
—
$233M
—
—
—
—
$479M
2014
—
$123M
—
—
—
—
$740M
2013
—
$52M
—
—
—
—
$335M
2012
—
-$9M
—
—
—
—
$124M
2011
—
-$107M
—
—
—
—
$45M
2010
—
-$8M
—
—
—
—
$1M
Valuation over time
How the market has priced VIPS against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 6.7× (Mar '23) to 1.3× (Jun '26).
The price-to-sales ratio has fallen from 0.1× (Dec '25) to 0.1× (Jun '26).
The dividend yield has risen from 14.2% (Dec '25) to 19.4% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is VIPS growing its revenue and profit?
See the revenue and net-income charts above for Vipshop Holdings Ltd's multi-year trend.
How much debt does VIPS have?
As of FY2025, Vipshop Holdings Ltd reported — of total debt against $3.3B of cash; operating income covered interest expense 90×.
What is VIPS's profit margin?
In FY2025, gross margin was 23.1%, operating margin 7.7%, and net margin 6.8%.
What is VIPS's P/E ratio?
As of Jun '26, Vipshop Holdings Ltd traded at a price-to-earnings ratio of about 1.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (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 (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.