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JD.com stock: key metrics
JDJD.com had an operating margin of 0.2% and a return on invested capital (ROIC) of 1.5% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2011 | 5.5% | −6.6% | −6.1% |
| 2012 | 8.4% | −4.7% | −8.0% |
| 2013 | 9.9% | −0.8% | −3.6% |
| 2014 | 11.6% | −5.0% | −11.3% |
| 2015 | 13.4% | −3.6% | −4.3% |
| 2016 | 15.2% | −0.8% | −0.8% |
| 2017 | 14.0% | −0.2% | 0.0% |
| 2018 | 14.3% | −0.6% | −0.5% |
| 2019 | 14.6% | 1.6% | 2.1% |
| 2020 | 14.6% | 1.7% | 6.6% |
| 2021 | 13.6% | 0.4% | −0.4% |
| 2022 | 14.1% | 1.9% | 1.0% |
| 2023 | 14.7% | 2.4% | 2.2% |
| 2024 | 9.8% | 3.3% | 3.6% |
| 2025 | 9.3% | 0.2% | 1.5% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2011 | −46.1% | −18.7% | −12.1% |
| 2012 | −100.0% | −23.3% | −18.5% |
| 2013 | −26.9% | −5.2% | −9.6% |
| 2014 | −34.5% | −18.5% | −19.5% |
| 2015 | −25.3% | −38.2% | −9.1% |
| 2016 | −5.9% | −5.7% | −1.2% |
| 2017 | 0.2% | −1.0% | 0.1% |
| 2018 | −4.2% | −4.3% | −1.2% |
| 2019 | 103.7% | 24.8% | 32.7% |
| 2020 | 26.3% | 20.9% | 11.7% |
| 2021 | −1.7% | 3.2% | −0.7% |
| 2022 | 4.9% | 12.8% | 1.7% |
| 2023 | 10.4% | 13.0% | 3.8% |
| 2024 | 17.3% | 19.5% | 5.9% |
| 2025 | 8.7% | 1.5% | 2.8% |
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.