JD.com (9618.HK) Stock Price

JD.com Price

🇨🇳NASDAQ·CLOSED
92.85CNY
Market closed
Today +/-
+7.89 CNY
Today %
+8.87 %
PRO

JD.com (9618.HK) — ISIN KYG8208B1014. The JD.com stock price was 92.85 CNY in 2026. Revenue was 1.4 T CNY. Earnings were 38.73 B CNY. P/E ratio was 7.37. JD.com operates in the Cyclical consumption sector.

JD.com stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of JD.com over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how JD.com stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing JD.com's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

JD.com Stock Price History
DateJD.com Price
3/6/202692.85 CNY
3/5/202684.96 CNY
2/26/202691.89 CNY
2/25/202694.19 CNY
2/24/202694.19 CNY
2/23/202695.34 CNY
2/20/202692.03 CNY
2/16/202693.62 CNY
2/13/202693.90 CNY
2/12/202695.54 CNY
2/11/202697.10 CNY
2/10/202697.41 CNY
2/9/202695.59 CNY

JD.com Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2009
2.92 B CNY
-103 M CNY
-287 M CNY
Jan 1, 2010
8.58 B CNY
-416 M CNY
-1.16 B CNY
Jan 1, 2011
21.13 B CNY
-1.4 B CNY
-2.94 B CNY
Jan 1, 2012
41.38 B CNY
-1.95 B CNY
-3.32 B CNY
Jan 1, 2013
69.34 B CNY
-578.83 M CNY
-2.49 B CNY
Jan 1, 2014
115 B CNY
-5.8 B CNY
-12.95 B CNY
Jan 1, 2015
181.04 B CNY
-2.61 B CNY
-9.11 B CNY
Jan 1, 2016
258.29 B CNY
-1.25 B CNY
-3.81 B CNY
Jan 1, 2017
362.33 B CNY
-835.48 M CNY
-152.26 M CNY
Jan 1, 2018
462.02 B CNY
-2.6 B CNY
-2.49 B CNY
Jan 1, 2019
576.89 B CNY
5.11 B CNY
12.18 B CNY
Jan 1, 2020
745.8 B CNY
10.69 B CNY
49.41 B CNY
Jan 1, 2021
951.59 B CNY
3.37 B CNY
-3.56 B CNY
Jan 1, 2022
1.05 T CNY
18.34 B CNY
10.38 B CNY
Jan 1, 2023
1.08 T CNY
28.91 B CNY
24.17 B CNY

JD.com Income Statement, Balance Sheet, Cash Flow Statement

Last updated Mar 9, 2026, 4:13 PM
 
REVENUE (T CNY)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B CNY)
NET INCOME (B CNY)
NET INCOME GROWTH (%)
DIV. (CNY)
DIV. GROWTH (%)
SHARES (B)
DOCUMENTS
20092010201120122013201420152016201720182019202020212022202320242025e2026e2027e2028e2029e2030e2031e
00.010.020.040.070.120.180.260.360.460.580.750.951.051.081.161.331.41.491.591.561.581.62
194.04146.1795.8467.5765.8557.4342.6740.2827.5124.8629.2827.599.953.676.8415.124.636.457.12-1.901.502.50
4.804.825.458.419.8711.6312.2013.6914.0214.2714.6314.6313.5614.0614.7215.8713.7813.1712.3711.5511.7811.6011.32
0.140.411.153.486.8413.3722.0835.3650.8165.9584.42109.11129.07147.07159.7183.87183.87183.87183.87183.87183.87183.87183.87
-0.29-1.16-2.94-3.32-2.49-12.95-9.11-3.81-0.15-2.4912.1849.41-3.5610.3824.1741.3631.6538.7352.74106.21000
304.53153.5712.64-25.06421.29-29.70-58.21-96.011,538.82-589.12305.49-107.21-391.57132.8271.14-23.4722.3836.16101.38
-------------0.630.310.380.502.433.31----
-50.7922.5831.58386.0036.21
2.732.732.732.732.732.732.742.82.842.882.973.113.113.183.173.083.083.083.083.083.083.083.08
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales JD.com generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue JD.com retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare JD.com's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares JD.com has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against JD.com's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

 
ASSETS
CASH BALANCE (B CNY)
RECEIVABLES (B CNY)
OTHER REC. (B CNY)
INVENTORIES (B CNY)
OTHER CURRENT LIAB. (B CNY)
CURRENT ASSETS (B CNY)
TANGIBLE ASSETS (B CNY)
LONG-T. INVEST. (B CNY)
LONG-T. REC. (M CNY)
INTANGIBLE ASSETS (B CNY)
GOODWILL (B CNY)
OTHER NON-CURRENT ASSETS (B CNY)
NON-CURRENT ASSETS (B CNY)
TOTAL ASSETS (B CNY)
LIABILITIES
COMMON STOCK (B CNY)
ADDITIONAL PAID-IN CAPITAL (B CNY)
RETAINED EARNINGS (B CNY)
OTHER EQUITY (B CNY)
UNREAL. GAINS/LOSSES (M CNY)
EQUITY (B CNY)
LIABILITIES (B CNY)
PROVISIONS (B CNY)
OTHER SHORT-TERM LIAB. (B CNY)
SHORT-TERM DEBTS (B CNY)
LONG-TERM DEBT PORTION (B CNY)
SHORT-TERM REC. (B CNY)
LONG-T. LIAB. (B CNY)
DEFERRED TAXES (B CNY)
OTHER LIAB. (B CNY)
LONG-T. LIABILITIES (B CNY)
DEBT (B CNY)
TOTAL CAPITAL (B CNY)
20112012201320142015201620172018201920202021202220232024
              
6.38.2712.7429.2420.6422.1234.2836.361.57146.66185.33219.96190.15234
0.250.480.52.859.0625.2227.1614.2510.4213.7817.426.7222.4230.4
0.070.060.030.263.74.025.132.721.550.680000
2.764.756.3912.1920.5428.9141.744.0357.9358.9375.677.9568.0689.33
0.512.122.835.44.5326.686.767.567.6114.7421.3426.4527.1932.98
9.8815.6822.4849.9458.47106.93115.03104.86139.09234.8299.67351.07307.81386.7
0.3212.264.347.59.0215.7727.6435.145.9958.7588.51100.82113.43
000.041.029.7215.6928.5847.2656.9997.5982.3169.25137.59116.22
00000000000000
0.10.760.817.957.1910.7613.7415.491517.5920.1742.9946.544.63
00.010.012.620.036.536.656.646.6410.912.4323.1219.9825.71
0.280.430.40.632.1111.454.287.286.8915.4223.1820.3116.2711.55
0.72.213.5316.5526.5553.4469.03104.31120.63187.49196.84244.18321.15311.54
10.5817.8926.0166.4985.02160.37184.05209.16259.72422.29496.51595.25628.96698.23
              
3.535.127.5200000000000
5.035.656.2547.1348.3959.2676.2582.8390.68153.36182.58184.04184.2182.4
-2.48-4.21-4.26-9.26-18.37-21.73-21.6-22.64-10.4538.9535.3932.7850.1683.26
-0.13-0.15-0.27-0.380.551.541.843.364.11-3.55-6.09-0.960.91.42
0000000054.810.010000
5.956.419.2437.530.5839.0756.563.5584.39188.76211.88215.86235.27267.09
3.648.111.0216.6929.9246.1974.3980.290.75107.4141161.1167.79194.23
0.571.342.275.317.1810.5115.1220.2927.1134.639.647.6249.7451.69
0.441.172.555.18.2636.9315.8615.8222.1628.7536.6645.743.0946.02
00.870.931.893.041.880.20.15004.3711.264.563.9
00000.589.2312.684.403.2600.890.473.68
4.6511.4816.772948.98104.74118.25120.86140.02174.02221.64266.56265.65299.52
00002.759.1510.929.8710.0512.539.3930.2341.9756.48
000000.910.880.831.341.921.96.519.279.5
00002.564.361.610.777.6912.216.817.8215.719.44
00005.3114.4113.4211.4719.0826.6528.0954.5766.9385.42
4.6511.4816.772954.29119.15131.67132.34159.1200.67249.72321.13332.58384.94
10.5917.8926.0166.4984.88158.23188.16195.89243.49389.43461.6536.99567.85652.02
Details

Balance Sheet

What Is the Balance Sheet?

The balance sheet is a financial snapshot of JD.com at a specific point in time. It follows the fundamental equation: Assets = Liabilities + Shareholders' Equity. Unlike the income statement (which covers a period), the balance sheet tells you what the company owns, what it owes, and what belongs to shareholders at a given date.

Assets

Current assets (cash, receivables, inventory) can be converted to cash within 12 months and indicate short-term liquidity. Non-current assets (property, equipment, intangible assets, goodwill) represent long-term investments. A high proportion of cash and short-term investments gives JD.com financial flexibility to weather downturns, fund acquisitions, or return capital to shareholders.

Liabilities

Current liabilities (accounts payable, short-term debt) are obligations due within one year. Non-current liabilities (long-term debt, pension obligations) are due further out. Key ratio to watch: the debt-to-equity ratio (Total Debt ÷ Shareholders' Equity). A ratio below 1.0 is generally healthy, meaning the company is funded more by equity than debt. Highly leveraged companies amplify both gains and losses.

Shareholders' Equity

Equity is the residual value belonging to shareholders after all debts are paid. It includes retained earnings (accumulated profits not paid out as dividends) and paid-in capital. Rising equity year over year is a positive sign — it means JD.com is building book value. Declining equity, especially when driven by losses or heavy share buybacks funded by debt, warrants closer scrutiny.

Key Ratios to Derive

From the balance sheet, you can calculate the current ratio (current assets ÷ current liabilities; above 1.5 is comfortable), book value per share (equity ÷ shares outstanding), and return on equity (net income ÷ equity; above 15 % is strong). Tracking these ratios over time reveals whether JD.com is strengthening or weakening its financial position.

 
NET INCOME (B CNY)
DEPRECIATION (B CNY)
DEFERRED TAXES (M CNY)
CHANGES IN WORKING CAPITAL (B CNY)
NON-CASH ITEM (B CNY)
PAID INTEREST (B CNY)
PAID TAXES (B CNY)
NET CASH FLOW FROM OPERATING ACTIVITIES (B CNY)
CAPITAL EXPENDITURES (M CNY)
CASH FLOW FROM INVESTING ACTIVITIES (M CNY)
CASH FLOW FROM OTHER INVESTING ACTIVITIES (B CNY)
INTEREST INCOME AND EXPENSES (M CNY)
NET DEBT CHANGE (B CNY)
NET CHANGE IN EQUITY (B CNY)
CASH FLOW FROM FINANCING ACTIVITIES (B CNY)
CASH FLOW FROM OTHER FINANCING ACTIVITIES (B CNY)
TOTAL DIVIDENDS PAID (M CNY)
NET CHANGE IN CASH FLOW (B CNY)
FREE CASH FLOW (M CNY)
SHARE-BASED COMPENSATION (M CNY)
20112012201320142015201620172018201920202021202220232024
-1.28-1.73-0.05-5-9.12-3.41-0.01-2.811.8949.34-4.479.6923.2644.66
0.070.190.291.652.513.424.195.565.836.076.237.248.298.9
060-4-42-34-221-10533-718-651-549869-1,144
1.072.723.110.260.963.8120.8112.367.7718.6819.5222.2315.885.15
0.130.440.488.638.466.524.879.442.46-26.6630.826.7616.033.53
0000.0300.520.580.420.681.022.542.392.812.77
0000.0100.110.240.670.811.191.222.565.468.81
-0.091.43.571.291.78.2426.8620.8824.7842.5442.357.8259.5258.1
-623-1,011-554-1,865-3,482-2,869-8,088-14,010-3,677-4,907-13,410-10,741-9,009-5,971
-624-3,369-2,671-13,478-5,790-45,481-39,815-26,079-25,349-57,810-74,248-54,026-59,543-871
0-2.36-2.12-11.61-2.31-42.61-31.73-12.07-21.67-52.9-60.84-43.29-50.535.1
00000000000000
00.870.080.943.6114.283.95-9.09-4.054.79-2.1211.843.1114.37
6.241.982.7217.450.08-5.260.1419.33-0.0231.71-5.18-0.78-2.46-25.89
6.242.852.818.394.740.719.2411.222.5771.0719.51.18-5.81-21
00001.0131.6815.150.986.6434.5726.813.210.28-1.23
00000000000-13,087-6,741-8,263
5.420.893.646.10.954.185.637.72.4150.72-13.948.46-5.7136.32
-709.8392.043,015.15-575.65-1,786.635,370.818,768.136,870.8721,103.637,636.5328,89147,07850,51252,124
00000000000000

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JD.com Stock Quarterly Figures

 
REVENUE (B CNY)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B CNY)
NET INCOME (B CNY)
NET INCOME GROWTH (%)
DIV. (CNY)
DIV. GROWTH (%)
SHARES (B)
2013 Q12013 Q22013 Q32013 Q42014 Q12014 Q22014 Q32014 Q42015 Q12015 Q22015 Q32015 Q42016 Q12016 Q22016 Q32016 Q42017 Q12017 Q22017 Q32017 Q42018 Q12018 Q22018 Q32018 Q42019 Q12019 Q22019 Q32019 Q42020 Q12020 Q22020 Q32020 Q42021 Q12021 Q22021 Q32021 Q42022 Q12022 Q22022 Q32022 Q42023 Q12023 Q22023 Q32023 Q42024 Q12024 Q22024 Q32024 Q42025 Q12025 Q22025 Q32025 Q4e2026 Q1e2026 Q2e2026 Q3e2026 Q4e
13.7317.4518.0420.1222.6628.6129.0134.7236.6445.9344.1154.3653.9764.7460.1779.4175.2293.283.75110.17100.13122.29104.77134.83121.08150.28134.84170.68146.21201.05174.21224.33203.18253.8218.71275.91239.66267.6243.54295.45242.96287.93247.7306.08260.05291.4260.39346.99301.08356.66299.06359.18300.24323.21305.32336.56
27.163.3611.5512.5926.281.4019.675.5325.35-3.9623.24-0.7219.95-7.0531.97-5.2823.91-10.1531.55-9.1122.13-14.3328.70-10.2024.12-10.2726.58-14.3437.52-13.3528.77-9.4324.92-13.8326.15-13.1411.66-8.9921.32-17.7718.51-13.9723.57-15.0412.05-10.6433.26-13.2318.46-16.1520.10-16.417.65-5.5310.23
10.758.909.8410.149.9811.0312.2212.7012.1912.8713.8210.3214.3712.5414.3513.6514.3913.5715.5013.0314.1413.5015.3814.2215.0214.7214.9214.0615.4114.2415.3813.8814.3312.5014.2213.4513.9613.4114.8614.0614.8214.3915.6414.2115.2915.7617.3015.3115.8915.8816.8814.0516.8115.6216.5315.00
1.481.551.782.042.263.163.544.414.475.916.095.617.768.128.6410.8410.8212.6512.9814.3614.1616.5116.1119.1718.1822.1320.112422.5428.6426.831.1429.1231.7331.0937.1233.4535.8936.241.5436.0241.4338.7543.539.7745.9445.0453.1247.8556.6450.4750.4750.4750.4750.4750.47
0.01-0.48-0.67-0.38-5.29-7.05-0.16-0.45-0.71-0.51-0.53-7.36-0.91-0.25-0.92-1.720.24-0.51.01-0.911.52-2.213-4.87.320.620.613.631.0716.457.5624.333.620.79-2.81-5.17-2.994.385.963.036.266.587.943.397.1312.6411.739.8510.896.185.283.128.069.298.319.98
-3,823.0837.40-42.261,277.3433.22-97.67176.8356.39-28.173.921,287.92-87.64-72.28265.4887.08-113.87-307.53-304.44-189.64-267.66-245.14-235.62-260.13-252.35-91.56-0.97493.63-70.491,434.14-54.03221.76-85.13-78.05-453.4084.07-42.09-246.3136.27-49.15106.505.1120.59-57.30110.3977.34-7.22-16.0010.51-43.27-14.60-40.85158.3515.18-10.4820.00
----------------------------------------0.31---0.38---0.50-------
2.732.732.732.732.732.722.722.722.732.742.742.742.742.962.882.832.892.852.922.852.942.872.962.92.952.972.972.982.983.143.193.23.213.193.113.113.123.183.183.183.183.173.173.173.143.093.043.043.042.972.972.972.972.972.972.97
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales JD.com generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue JD.com retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare JD.com's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares JD.com has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against JD.com's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

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JD.com stock margins

The JD.com margin analysis displays the gross margin, EBIT margin, as well as the profit margin of JD.com. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for JD.com.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2009
4.8 %
-3.53 %
-9.83 %
Jan 1, 2010
4.82 %
-4.85 %
-13.53 %
Jan 1, 2011
5.45 %
-6.64 %
-13.93 %
Jan 1, 2012
8.41 %
-4.72 %
-8.02 %
Jan 1, 2013
9.87 %
-0.83 %
-3.58 %
Jan 1, 2014
11.63 %
-5.05 %
-11.26 %
Jan 1, 2015
12.2 %
-1.44 %
-5.03 %
Jan 1, 2016
13.69 %
-0.48 %
-1.47 %
Jan 1, 2017
14.02 %
-0.23 %
-0.04 %
Jan 1, 2018
14.28 %
-0.56 %
-0.54 %
Jan 1, 2019
14.63 %
0.89 %
2.11 %
Jan 1, 2020
14.63 %
1.43 %
6.62 %
Jan 1, 2021
13.56 %
0.35 %
-0.37 %
Jan 1, 2022
14.06 %
1.75 %
0.99 %
Jan 1, 2023
14.72 %
2.67 %
2.23 %

JD.com Stock Sales Revenue, EBIT, Earnings per Share

The JD.com earnings per share therefore indicates how much revenue JD.com has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Sales per Share
EBIT per share
Earnings per Share
Details
Date
Sales per Share
EBIT per share
Earnings per Share
Jan 1, 2009
1.07 CNY
-0.04 CNY
-0.1 CNY
Jan 1, 2010
3.14 CNY
-0.15 CNY
-0.42 CNY
Jan 1, 2011
7.73 CNY
-0.51 CNY
-1.08 CNY
Jan 1, 2012
15.13 CNY
-0.71 CNY
-1.21 CNY
Jan 1, 2013
25.36 CNY
-0.21 CNY
-0.91 CNY
Jan 1, 2014
42.1 CNY
-2.12 CNY
-4.74 CNY
Jan 1, 2015
66.19 CNY
-0.95 CNY
-3.33 CNY
Jan 1, 2016
92.09 CNY
-0.45 CNY
-1.36 CNY
Jan 1, 2017
127.37 CNY
-0.29 CNY
-0.05 CNY
Jan 1, 2018
160.54 CNY
-0.9 CNY
-0.87 CNY
Jan 1, 2019
194.41 CNY
1.72 CNY
4.11 CNY
Jan 1, 2020
239.88 CNY
3.44 CNY
15.89 CNY
Jan 1, 2021
306.23 CNY
1.09 CNY
-1.15 CNY
Jan 1, 2022
328.91 CNY
5.77 CNY
3.26 CNY
Jan 1, 2023
342.11 CNY
9.12 CNY
7.62 CNY

JD.com business model

JD.com is a Chinese online trading platform that was founded in 1998 as a physical retail store and went online in 2004. It is one of the largest e-commerce companies globally and offers a wide range of products, from electronics to household items, clothing, food and beverages, beauty products, and more. The company is headquartered in Beijing, China, and is listed on the NASDAQ. JD.com's business model is based on vertical integration, owning and managing warehouses, processing centers, and a fleet of delivery vans and drones for quick customer delivery. It has expanded its services to over 300 million customers and plans to expand overseas in the future. JD.com is known for its quality and service and has earned a reputation for fast and reliable shipping and excellent customer support. It also offers mediation services and insurance to ensure customer satisfaction and security. In addition to its core e-commerce business, JD.com has developed various divisions such as JD Finance, JD Logistics, and JD Health. JD Finance offers financial products like investments, loans, insurance, and payment services. JD Logistics focuses on delivery services and advanced supply chain technology. JD Health specializes in online healthcare services, including consultations with doctors, medication orders, and hospital appointments. JD.com is also involved in the development of technologies like robotic logistics solutions and IoT. It aims to improve efficiency and competitiveness through investments in disruptive technologies. Overall, JD.com has established itself as a leading online retailer through its vertical integration, logistics technologies, and diverse product range. Its divisions and technologies have expanded its services and made it a major player in the Chinese market. JD.com's innovative technologies and unmatched quality and service allow it to differentiate itself and shape the Chinese online retail market.

JD.com SWOT Analysis

Strengths

JD.com is one of the leading e-commerce companies in China, with a strong market presence and brand recognition.

The company has a vast product offering, including a wide range of consumer goods, electronics, and apparel, which attracts a large customer base.

JD.com operates its own logistics network, enabling efficient and reliable deliveries, which gives them a competitive advantage over some of their competitors.

Weaknesses

JD.com has high operating costs due to significant investments in its logistics infrastructure and technology development.

The company heavily relies on the Chinese market, which makes it vulnerable to economic fluctuations and regulatory changes in the country.

JD.com faces intense competition from other domestic e-commerce giants, such as Alibaba, which puts pressure on their market share and profitability.

Opportunities

JD.com can expand its business internationally and tap into the growing global e-commerce market.

The increasing adoption of mobile shopping presents an opportunity for JD.com to enhance its mobile platforms and attract more customers.

The company can further diversify its product offering and enter new segments to reach a broader customer base.

Threats

JD.com faces the risk of counterfeit products being sold on its platform, which can potentially damage its reputation and customer trust.

Intensifying competition in the e-commerce industry, not only from domestic players but also from international giants like Amazon, poses a threat to JD.com's market position.

Any negative changes in Chinese regulations or government policies can significantly impact JD.com's operations and profitability.

JD.com Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

JD.com historical P/E ratio, EBIT multiple, and P/S ratio

Details

Historical Valuation Multiples

Price-to-Earnings Ratio (P/E)

The P/E ratio divides JD.com's share price by its earnings per share. It tells you how many years of current earnings you are "paying for" when you buy the stock. A P/E of 20 means you pay $20 for every $1 of annual earnings. The S&P 500 historically trades at an average P/E of roughly 15–17. A P/E significantly above that may signal high growth expectations; one below may indicate undervaluation — or declining business quality.

Price-to-Sales Ratio (P/S)

The P/S ratio divides market capitalization by total revenue. Unlike the P/E ratio, it works even for companies that are not yet profitable, making it essential for evaluating high-growth firms. A P/S below 1.0 may indicate undervaluation, while ratios above 10 are typically reserved for fast-growing tech or SaaS companies with high expected future margins.

Price-to-EBIT Ratio

This ratio relates JD.com's market price to its operating earnings, excluding the effects of debt structure and tax jurisdiction. It is particularly useful for comparing companies across different countries or with different levels of leverage, because it focuses purely on operational profitability. Lower values suggest cheaper operational earnings.

How to Use This Chart

This chart plots JD.com's valuation multiples over time. Compare the current P/E, P/S, and P/EBIT to their own historical averages — if the current ratio is well below the multi-year average, the stock may be relatively cheap compared to its own track record. Combine this with industry comparisons: a P/E that looks high in absolute terms may be justified if JD.com grows earnings faster than its peers.

JD.com annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

JD.com shares outstanding

The number of shares was JD.com in 2025 — This indicates how many shares 3.076 B is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2009
2.73 B base_Shares
Jan 1, 2010
2.73 B base_Shares
Jan 1, 2011
2.73 B base_Shares
Jan 1, 2012
2.73 B base_Shares
Jan 1, 2013
2.73 B base_Shares
Jan 1, 2014
2.73 B base_Shares
Jan 1, 2015
2.74 B base_Shares
Jan 1, 2016
2.8 B base_Shares
Jan 1, 2017
2.84 B base_Shares
Jan 1, 2018
2.88 B base_Shares
Jan 1, 2019
2.97 B base_Shares
Jan 1, 2020
3.11 B base_Shares
Jan 1, 2021
3.11 B base_Shares
Jan 1, 2022
3.18 B base_Shares
Jan 1, 2023
3.17 B base_Shares

JD.com Dividend History

4 years of dividend payments · 2 consecutive increases

YearAnnual DividendYoY ChangePayments
20250.5CNY 31.6%
Apr 7, 20250.5CNY 31.6%1/1
20240.38CNY 22.6%
20230.31CNY 50.8%

JD.com dividend history and estimates

In 2025, JD.com paid a dividend amounting to 0.5 CNY. Dividend means that JD.com distributes a portion of its profits to its owners.
  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Invalid Date
0 CNY
0.63 CNY
0 CNY
Jan 1, 2023
0.31 CNY
0 CNY
0 CNY
Jan 1, 2024
0.38 CNY
0 CNY
0 CNY
Jan 1, 2025
0.5 CNY
0 CNY
0 CNY
Invalid Date
0 CNY
2.43 CNY
0 CNY
Invalid Date
0 CNY
3.31 CNY
0 CNY

JD.com dividend payout ratio

In 2025, JD.com had a payout ratio of 19.33%. The payout ratio indicates the percentage of the company's profits that JD.com distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2009
19.33 %
Jan 1, 2010
19.33 %
Jan 1, 2011
19.33 %
Jan 1, 2012
19.33 %
Jan 1, 2013
19.33 %
Jan 1, 2014
19.33 %
Jan 1, 2015
19.33 %
Jan 1, 2016
19.33 %
Jan 1, 2017
19.33 %
Jan 1, 2018
19.33 %
Jan 1, 2019
19.33 %
Jan 1, 2020
19.33 %
Jan 1, 2021
19.33 %
Jan 1, 2022
19.33 %
Jan 1, 2023
19.33 %

Current JD.com forecasts and price targets in March 2026

Δ MOM Price Target
1.92 %
Buy87.50 % (28)
Hold9.38 % (3)
Sell3.13 % (1)
12M Price Target
138.10
Last Price
13.40
Currency
CNY
12M Return Potential
930.93 %
LTM Return
0 %

JD.com Earnings Estimates

JD.com Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/9/20244.91CNY0CNY2024 Q1
3/7/20244.07CNY305.64 BCNY2023 Q4
8/21/20233.72CNY322.31 BCNY2023 Q2
5/15/20233.69CNY276.71 BCNY2023 Q1
3/8/20233.46CNY313.99 BCNY2022 Q4
11/18/20224.18CNY248.67 BCNY2022 Q3
8/23/20222.42CNY264.47 BCNY2022 Q2
5/17/20221.77CNY241.05 BCNY2022 Q1
3/10/20221.44CNY278.41 BCNY2021 Q4
11/18/20211.72CNY218.59 BCNY2021 Q3

EESG©

Eulerpool ESG Scorecard© for the JD.com stock

89/100
99
Environment
99
Social
68
Governance
E

Environment

20
Scope 1 - Direct Emissions2,266,323.15
Scope 2 - Indirect emissions from purchased energy1,196,686.57
Scope 3 - Indirect emissions within the value chain6,980,973.82
Total CO₂ emissions3,463,009.72
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees20.9
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

JD.com shareholders

% Name
2.75680%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.88876%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
1.29574%
China Asset Management Co., Ltd.
China Asset Management Co., Ltd.
1.02143%
Hang Seng Investment Management Ltd.
Hang Seng Investment Management Ltd.
0.91265%
Krane Funds Advisors, LLC
Krane Funds Advisors, LLC
0.85713%
BlackRock Advisors (UK) Limited
BlackRock Advisors (UK) Limited
0.81683%
CSOP Asset Management Limited
CSOP Asset Management Limited
0.70796%
E Fund Management Co. Ltd.
E Fund Management Co. Ltd.
0.62539%
Geode Capital Management, L.L.C.
Geode Capital Management, L.L.C.
0.55181%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
...

JD.com Executives and Management Board

QL

Mr. Qiangdong Liu

(51)

Chairman of the Board · since 2022

RX

Ms. Ran Xu

(47)

Chief Executive Officer, Executive Director · since 2020

IS

Mr. Ian Su Shan

(42)

Chief Financial Officer

PZ

Ms. Pang Zhang

(35)

Chief Human Resource Officer

LH

Mr. Louis Hsieh

(59)

Independent Director

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Most common questions regarding JD.com

JD.com is a leading e-commerce company in China with an efficient and extensive business model. It operates as a retailer, utilizing both online and offline channels, and offers a wide range of products and services. JD.com focuses on providing a superior customer experience through fast and reliable delivery, quality assurance, and excellent customer service. With its robust logistics network and advanced technology, JD.com has streamlined its operations and established a strong presence in the Chinese market. As a result, JD.com has become a trusted platform for online shopping, empowering consumers and connecting them with a diverse array of products.

All fundamentals about JD.com

Our stock analysis for JD.com Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of JD.com Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.