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VIPS Financials Vipshop Holdings Ltd

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
-$107M $8B $15B $0 2010 2011 2012 2013 2014 2015 2025
RevenueNet income
Margins (gross / operating / net)
0% 12% 23% 2010 2011 2012 2013 2014 2015 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $391M $782M 2010 2011 2012 2013 2014 2015 2025
Free cash flow
Cash vs total debt
$0 $2B $3B 2010 2011 2012 2013 2014 2015 2025
CashTotal debt
Cash flow: operating / investing / financing
-$1B -$60M $1B $0 2010 2011 2012 2013 2014 2015 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
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.

Price / earnings (P/E)
0.0 4.3 8.6 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 0.1 0.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 9.7 19.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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.