JD.com, Inc.: stock overview

JDNASDAQConsumer cyclical · Retail-Retail Stores, NEC

Price

$27.91

November 13, 2026Market cap $39.7B

DCF calculator

What Ploutos Investor adds for JD.com

Part of Ploutos Investor, €9.99 a month

See the plans
  • The full history: 14 fiscal years, from 2012
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

Sign in with a free account to see the last 5 fiscal years.

Notes on these figures

  • Profit over the last twelve months is well above what the business itself earned, because it includes large gains outside the business, such as on investments or from selling a business. The P/E is lower than the business alone would give.

In short

JD.com had revenue of $187B in the fiscal year to December 31, 2025 and net income of $2.8B, a net margin of 1.5%. Revenue grew by 11.9% a year on average over the last 5 years. At $27.91 the shares trade at a P/E of 14.2, against a median of 14.5 over the last 4 fiscal years. It holds more cash than debt, by $23.4B. It pays a dividend yielding 3.74%.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$39.7B
1.42B shares
P/E
14.2
Today14.2
Median14.5
Revenue, fiscal year
$187B
+11.9% a year over 5 years
Net margin
1.5%
2025: 1.8%, above 63% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+9.9% a year over 2 years

  • 202520-F
    Revenue$187B
  • 202420-F
    Revenue$159B
  • 202320-F
    Revenue$153B

Fiscal years in figures

JD's revenue, profit, cash flow and dividend with each year-end price, from 2012 to 2022, 11 more fiscal years

Part of Ploutos Investor, €9.99 a month

See the plans

Sign in with a free account to see the last 5 fiscal years.

Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $45.4B
$39.7B
Enterprise value 
$16.3B
P/E 3-year median: 13.5
14.2
EV / EBIT 
41.2
EV / Revenue 
0.1
P/B 3-year median: 1.4
1.2
FCF yield 3-year median: 13.9%
4.0%
Earnings yield 3-year median: 7.4%
7.1%

Profitability

Gross margin 
16.0%
Operating margin 
0.2%
Net margin 3-year median: 2.2%
1.5%
ROIC 
0.8%
ROIC, 5-year average 
5.8%
ROE, fiscal year 
8.7%

Growth

Revenue, yearly change 
+13.0%
EPS, yearly change 
-52.0%
FCF, yearly change 
-78.8%
Revenue, average a year 
+11.9%
EPS, average a year 
-16.5%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$30.5B
Total debt 
$11.8B
Of which operating leases 
$4.7B
Net cash 
$23.4B
Net debt / EBITDA 
-13.1x
Interest cover 
–
Current ratio 
–

Balance sheet of December 31, 2025.

Returns to shareholders

Dividend yield 3-year median: 2.1%
3.74%
Buybacks 
7.71%
Total returned 
11.45%
Shares, yearly change 
-4.8%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 59).

Operating margin

0.2%

Above 48% of the 65 companies in its industry, and 35% of all.

Net margin

1.8%

Above 63% of the 66 companies in its industry, and 41% of all.

ROE

10.3%

Above 62% of the 46 companies in its industry, and 61% of all.

ROA

3.3%

Above 60% of the 64 companies in its industry, and 63% of all.

Revenue growth

17.9%

Above 89% of the 66 companies in its industry, and 78% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
JD.com, Inc.
CIK
1549802
Exchange
NASDAQ
Industry (SIC)
5990 · Retail-Retail Stores, NEC
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
CNY
Shares
1.42B

Other companies: Consumer cyclical

The largest companies of the same sector, each with its own page.

The Consumer cyclical sectorAll companies

The full analysis

What do JD.com's filings show?

These are JD.com's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about JD

Didn't find what you were looking for?

Ask us
What is JD's market cap?

JD.com, Inc.'s market cap is $39.7B, at a price of $27.91 on November 13, 2026 and 1.42B shares.

What is JD's P/E?

JD's P/E is 14.2, on earnings per share of $1.84 in the fiscal year to December 31, 2025. The median over the last 4 fiscal years was 14.5.

How much revenue does JD have?

JD.com had revenue of $187B in the fiscal year to December 31, 2025. Over the last 5 years it changed by +11.9% a year on average.

Does JD pay a dividend?

Yes. JD.com paid $1.04 per share over the last 12 months, a yield of 3.74% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From JD.com, Inc.'s SEC filings (its annual report on 20-F) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.