Vipshop Holdings Ltd (VIPS) stock
VIPSNYSERetail-Catalog & Mail-Order HousesFiscal year ends December 31
$12.94−0.23 (-1.75%)
Close on Nov 12, 2026Market cap $6.20BP/E 6.1Yield –
Vipshop operating margin
Operating margin is operating income as a percentage of revenue.
For fiscal 2025 it was 7.7%, against 8.5% the year before. The highest annual figure on record is 8.5% in fiscal 2024.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 7.7% | −0.8 |
| FY2024 | Dec 31, 2024 | 8.5% | +0.4 |
| FY2023 | Dec 31, 2023 | 8.1% | +2.1 |
| FY2022 | Dec 31, 2022 | 6.0% | +1.2 |
| FY2021 | Dec 31, 2021 | 4.8% | −1.0 |
| FY2020 | Dec 31, 2020 | 5.8% | +0.6 |
| FY2019 | Dec 31, 2019 | 5.1% | +2.3 |
| FY2018 | Dec 31, 2018 | 2.9% | −0.8 |
| FY2017 | Dec 31, 2017 | 3.7% | −1.1 |
| FY2016 | Dec 31, 2016 | 4.8% | −0.4 |
| FY2015 | Dec 31, 2015 | 5.2% | +1.5 |
| FY2014 | Dec 31, 2014 | 3.6% | +0.4 |
| FY2013 | Dec 31, 2013 | 3.2% | – |
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