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Vipshop Holdings Ltd

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 16, 2026

$12.80−0.06 (-0.47%)

Close on Oct 19, 2026

Vipshop Holdings Ltd income statement

AnnualQuarterlyTTM

Millions of CNY, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31
Revenue	105,920	108,421	112,856	103,152	117,060	101,858	92,994	84,524	72,912	56,591	40,203	23,129	10,421	–	–	–
Cost of Revenue	81,429	82,951	87,135	81,536	93,953	80,573	72,314	67,455	56,618	42,995	30,307	17,378	7,916	–	–	–
Gross Profit	24,490	25,470	25,721	21,616	23,107	21,285	20,680	17,069	16,294	13,597	9,896	5,751	2,504	–	–	–
General & Administrative	4,374	3,993	4,147	4,460	4,190	3,749	4,064	2,674	2,448	1,941	1,301	967	307	–	–	–
Advertising Expenses	2,010	1,970	1,820	1,750	3,280	3,080	2,230	1,652	1,527	1,672	1,022	788	436	–	–	–
Operating Expenses	17,410	17,212	17,418	16,143	18,449	16,133	16,552	15,405	14,134	11,247	8,134	5,072	2,227	–	–	–
Operating Income	8,136	9,173	9,104	6,197	5,582	5,860	4,773	2,421	2,690	2,708	2,071	834	331	–	–	–
Interest Expense	90	58	23	24	14	67	86	160	82	85	86	75	–	–	–	–
Interest & Investment Income	802	810	780	764	671	449	217	243	101	107	267	289	96	–	–	–
Income from Equity Investments	294	167	80	-6.56	42	30	27	-47	-22	-71	-84	-63	0	–	–	–
Other Non-Operating Income	779	814	883	1,880	291	1,159	169	326	-150	-42	-20	–	–	–	–	–
Asset Impairment Charges	0	0	0	0	0	0	278	0	0	0	0	0	0	–	–	–
Gain (Loss) on Investments	–	–	–	–	–	–	–	192	56	–	–	–	–	–	–	–
Gain (Loss) on Sale of Assets	-6.46	3.78	-5.26	-35	-5.69	-7.75	-14	-0.76	4.17	-10	-1.69	-0.20	-0.32	–	–	–
Pretax Income	8,915	9,987	9,987	8,077	5,873	7,019	4,943	2,747	2,541	2,666	2,051	1,060	435	–	–	–
Income Tax Expense	1,799	2,316	1,866	1,759	1,223	1,130	984	567	626	602	458	245	114	–	–	–
Net Income incl. Noncontrolling Interests	7,410	7,839	8,201	6,312	4,693	5,919	3,986	2,133	1,892	1,993	1,509	753	–	–	–	–
Minority Interest in Earnings	167	99	85	13	12	12	-30	4.69	-57	-44	-81	-89	–	–	–	–
Net Income	7,242	7,740	8,117	–	–	–	–	–	–	–	1,509	753	321	–	–	–
Net Income to Common	7,242	7,740	8,117	6,299	4,681	5,907	4,017	2,129	1,950	2,037	1,590	841	321	–	–	–
EPS (Basic)(per share)	72.37	72.97	73.32	49.51	34.38	43.73	30.08	16.09	16.59	17.57	13.74	7.42	–	–	–	–
EPS (Diluted)(per share)	70.74	71.76	72.11	49.15	33.74	42.79	29.58	15.61	15.94	16.86	13.23	7.00	–	–	–	–
Shares Outstanding (Basic, Weighted)(shares)	100	106	111	127	136	135	134	132	118	116	116	113	109	89	46	48
Shares Outstanding (Diluted, Weighted)(shares)	102	108	113	128	139	138	136	140	126	126	120	120	115	89	46	48

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 23.1%
Operating margin: 7.7%
Net margin: 6.8%
Return on equity, FY2025: 17.9%

Financial strength

Current ratio: 1.28
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 74.4%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.