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JD.com, Inc.

JDNasdaq

Built from JD.com, Inc.'s own SEC filings · updates as new filings land · sources cited throughout

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← Research LibraryThe BriefFY2025 20-F · headline figures audited against SEC data

Revenue rose 13.0% to CNY 1309.09B, but investment in food delivery and other new businesses cut operating income to CNY 2.77B and net income fell 52.5%.

The read at a glance✓ Audited against SEC data
  • Growth — Revenue +13.0% to CNY 1309.09B; growth acceleratingOK
  • Profitability — Operating margin 0.2%, down 313 bps; net income -52.5%Watch
  • Cash — Free cash flow -78.8% to CNY 11.17BWatch
  • Accounting — Altman-Z in the grey zone; no manipulation flag; earnings quality safeWatch
  • Capital — Buybacks CNY 21.43B, -17.3%; dividends CNY 10.38B, +25.6%Note
  • Deal — Secured 59.8% of Ceconomy, pending clearancesNote

Business

JD.com is a Chinese retailer that sells electronics, home appliances and general merchandise online, runs an online marketplace and owns a logistics business. In 2025 it expanded into food delivery. It reports in CNY.

Where the revenue comes from

Fiscal 2025, as JD.com, Inc. reports it. History and quarterly detail are in the app.

  • Jd Retail¥1126.4B
  • Jd Logistics¥217.1B
  • New Business¥49.3B

Latest filings

  • 6-K · Company announcement (foreign filer)2026-08-13
  • 6-K · Company announcement (foreign filer)2026-07-31
  • 6-K · Company announcement (foreign filer)2026-06-05
  • 6-K · Company announcement (foreign filer)2026-05-18
  • 6-K · Company announcement (foreign filer)2026-05-12
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  • What changed🔒
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  • Margins & accounting🔒
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  • The long arc🔒
  • Company history🔒
  • The filings, readable — with what changed vs the prior year highlighted🔒
  • Full financial statements, industry-aware, sources cited throughout🔒
  • Forensic score history & components — the trend, not one year🔒
  • Ownership: insider buys/sells, clusters, activist stakes🔒
  • Ana — ask about JD.com, Inc., every answer cited to the official filings🔒

Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.

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