To the full analysis
JD.com stock: growth
JDJD.com reported $196.32B in revenue for fiscal 2025, up 13% on the prior year, up 11.9% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
34.3%
per year from 2011 to 2025, per share 34.3%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2011 | |
|---|---|---|---|
| Revenue | 11.9% | 21.9% | 34.3% |
| Revenue per share | 13.3% | 21.4% | 34.3% |
| Earnings | −16.9% | no data | no data |
| Earnings per share | −15.9% | no data | no data |
| Free cash flow | −32.7% | no data | no data |
| Free cash flow per share | −31.9% | no data | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2011 | $3.17B | −$192.52M | −$106.44M |
| 2012 | $6.21B | −$497.42M | $38.38M |
| 2013 | $10.4B | −$372.7M | $341.58M |
| 2014 | $17.25B | −$1.94B | −$282.99M |
| 2015 | $27.19B | −$1.16B | −$1.07B |
| 2016 | $39.01B | −$299.99M | $645.87M |
| 2017 | $54.34B | $19.31M | $2.02B |
| 2018 | $69.29B | −$373.66M | −$73.19M |
| 2019 | $86.51B | $1.83B | $3.19B |
| 2020 | $111.84B | $7.41B | $5.23B |
| 2021 | $142.7B | −$533.87M | $3.56B |
| 2022 | $156.9B | $1.56B | $5.37B |
| 2023 | $162.66B | $3.62B | $5.92B |
| 2024 | $173.78B | $6.2B | $6.64B |
| 2025 | $196.32B | $2.94B | $720.88M |
Revenue by segment
How JD.com, Inc. makes its money and how that has shifted. Names are as the company reports them.
- Electronics And Home Appliance Products46%
- General Merchandise Products32%
- Logistics And Other Services14%
- online marketplace and marketing services8%
Figures as a table
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|
| Electronics And Home Appliance Products | $49.29B | $60.12B | $73.87B | $77.37B | $80.8B | $84.73B | $90.75B | 46.2% |
| General Merchandise Products | $27.3B | $37.63B | $48.45B | $52.36B | $49.85B | $54.44B | $62.79B | 32% |
| Logistics And Other Services | $3.52B | $6.07B | $9.57B | $14.88B | $19.3B | $21.1B | $26.72B | 13.6% |
| online marketplace and marketing services | $6.4B | $8.02B | $10.82B | $12.29B | $12.71B | $13.51B | $16.07B | 8.2% |
| Total revenue | $86.51B | $111.84B | $142.7B | $156.9B | $162.66B | $173.78B | $196.32B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CN¥6.6683)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 4 Nov 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.