JD.com Past Earnings Performance

Past criteria checks 5/6

JD.com has been growing earnings at an average annual rate of 6.1%, while the Multiline Retail industry saw earnings growing at 20% annually. Revenues have been growing at an average rate of 12.2% per year. JD.com's return on equity is 14.3%, and it has net margins of 3.6%.

Key information

6.1%

Earnings growth rate

5.4%

EPS growth rate

Multiline Retail Industry Growth12.6%
Revenue growth rate12.2%
Return on equity14.3%
Net Margin3.6%
Next Earnings Update13 May 2025

Recent past performance updates

Recent updates

JD.com: Enduring Growth Amid A Trade War, Hiking My Target Price

Apr 19

JD.com (NASDAQ:JD) Is Paying Out A Larger Dividend Than Last Year

Apr 02
JD.com (NASDAQ:JD) Is Paying Out A Larger Dividend Than Last Year

JD.com: Why I See Significant Upside Potential

Mar 20

JD.com: Upgrading To Buy On Government Subsidy Tailwinds Driving Growth

Mar 11

JD.com, Inc. (NASDAQ:JD) Shares Could Be 46% Below Their Intrinsic Value Estimate

Feb 24
JD.com, Inc. (NASDAQ:JD) Shares Could Be 46% Below Their Intrinsic Value Estimate

JD: Earnings To Reflect Q4 Stimulus

Feb 24

JD.com: Is Instant Retail A Recipe For Success Or A Misstep In A Crowded Market?

Feb 13

Further Upside For JD.com, Inc. (NASDAQ:JD) Shares Could Introduce Price Risks After 27% Bounce

Feb 11
Further Upside For JD.com, Inc. (NASDAQ:JD) Shares Could Introduce Price Risks After 27% Bounce

JD.com (NASDAQ:JD) Has A Rock Solid Balance Sheet

Feb 03
JD.com (NASDAQ:JD) Has A Rock Solid Balance Sheet

JD.com: Consumption Subsidies A Short-Term Catalyst, But Value Trap Remains

Jan 13

JD.Com: A Capital Return Play For 2025

Jan 05

JD.Com Stock Should Surge Anew Despite Trump Tariffs

Dec 26

Cautious Investors Not Rewarding JD.com, Inc.'s (NASDAQ:JD) Performance Completely

Dec 22
Cautious Investors Not Rewarding JD.com, Inc.'s (NASDAQ:JD) Performance Completely

Here's Why JD.com (NASDAQ:JD) Has Caught The Eye Of Investors

Dec 08
Here's Why JD.com (NASDAQ:JD) Has Caught The Eye Of Investors
author-image

Enhanced Supply Chain And Strategic Programs Set The Stage For A Retail Growth Revolution

Nov 24 Enhanced supply chain and logistics are expected to lower costs and improve margins, positively impacting revenue and net margins.

Are Investors Undervaluing JD.com, Inc. (NASDAQ:JD) By 39%?

Nov 24
Are Investors Undervaluing JD.com, Inc. (NASDAQ:JD) By 39%?

JD.com: Excellent Q3 Results, Cheap Again

Nov 14

JD.com (NASDAQ:JD) Is Looking To Continue Growing Its Returns On Capital

Nov 10
JD.com (NASDAQ:JD) Is Looking To Continue Growing Its Returns On Capital

JD.com Could Thrive In A Trump Presidency

Nov 08

JD.com: Valuation And Fundamentals At An Inflection Point

Oct 21

JD.com: This Is Probably Just The Beginning

Oct 04

Is JD.com (NASDAQ:JD) Using Too Much Debt?

Sep 25
Is JD.com (NASDAQ:JD) Using Too Much Debt?

Can JD Maintain Its Momentum

Sep 21

JD.com: Top Chinese Stock To Buy Now

Aug 30

JD.com's Q2 Earnings: Profit Margins Are Well Set To Soar 2x

Aug 19

JD.com, Inc. Just Recorded A 69% EPS Beat: Here's What Analysts Are Forecasting Next

Aug 17
JD.com, Inc. Just Recorded A 69% EPS Beat: Here's What Analysts Are Forecasting Next

Insufficient Growth At JD.com, Inc. (NASDAQ:JD) Hampers Share Price

Aug 17
Insufficient Growth At JD.com, Inc. (NASDAQ:JD) Hampers Share Price

JD.com: A Depressed Multiple With Real EPS Growth And Impressive FCF

Aug 12

An Intrinsic Calculation For JD.com, Inc. (NASDAQ:JD) Suggests It's 48% Undervalued

Jul 30
An Intrinsic Calculation For JD.com, Inc. (NASDAQ:JD) Suggests It's 48% Undervalued

JD.com: Great Bang For The Buck

Jul 18

Returns At JD.com (NASDAQ:JD) Are On The Way Up

Jul 15
Returns At JD.com (NASDAQ:JD) Are On The Way Up

JD.com: Big Buyback Could Ramp Up Growth

Jul 10

JD.com: A Cautious Buy On The Back Of Sentiment Recovery And The Economy

Jun 26

JD.com: The Sell-Off Created An Opportunity

Jun 06

We Think JD.com (NASDAQ:JD) Can Manage Its Debt With Ease

May 28
We Think JD.com (NASDAQ:JD) Can Manage Its Debt With Ease

JD.com: What Can We Expect From Q1 Results? (Rating Downgrade)

May 14

JD.com, Inc. (NASDAQ:JD) Soars 27% But It's A Story Of Risk Vs Reward

May 12
JD.com, Inc. (NASDAQ:JD) Soars 27% But It's A Story Of Risk Vs Reward

JD.com Stock: Valuation Normalization And Rating Upgrade

May 03

JD.com: Profitable Growth On Sale

Apr 23

JD.com: Positive Trends Underway Are Too Nascent

Apr 09

JD.com: Stock Is Cheap In Spite Of Sound 2023 Earnings (Rating Upgrade)

Mar 23

JD.com Q4 Earnings: Positive Growth Trends, Bearish Consumer Spending Trends

Mar 08

Seizing The Moment: Why JD.com Is A Smart Buy In China's Deflation Cycle

Feb 28

Revenue & Expenses Breakdown

How JD.com makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqGS:JD Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 241,158,81941,35956,84117,031
30 Sep 241,117,91034,89453,04116,988
30 Jun 241,105,22131,09951,14516,386
31 Mar 241,101,75525,03650,56716,241
31 Dec 231,084,66224,16749,84316,393
30 Sep 231,074,03123,81049,98616,418
30 Jun 231,069,86821,83749,78216,740
31 Mar 231,049,53719,63248,16416,695
31 Dec 221,046,23610,38048,82516,893
30 Sep 221,026,6972,18350,29516,632
30 Jun 221,001,870-6,58750,89016,520
31 Mar 22988,071-10,16852,26016,186
31 Dec 21951,592-3,56050,30516,332
30 Sep 21900,01325,93045,60616,731
30 Jun 21855,51936,29741,84416,833
31 Mar 21802,77351,94936,89716,744
31 Dec 20745,80249,40533,56516,149
30 Sep 20692,15828,71430,86115,237
30 Jun 20652,78621,76629,59214,715
31 Mar 20602,0135,93828,34314,837
31 Dec 19576,88812,18427,72414,619
30 Sep 19541,0373,74525,77514,530
30 Jun 19510,9626,13428,50614,393
31 Mar 19482,9733,30325,09013,448
31 Dec 18462,020-2,49224,39612,144
30 Sep 18437,3531,40424,94210,703
30 Jun 18416,331-58223,7649,011
31 Mar 18387,2411,34322,3367,776
31 Dec 17362,33211719,1336,652
30 Sep 17331,578-23519,5215,772
30 Jun 17310,343-2,69319,6516,034
31 Mar 17279,538-79216,1014,630
31 Dec 16258,290-2,00015,3844,453
30 Sep 16233,475-8,09613,9964,352
30 Jun 16217,924-9,31914,0374,415
31 Mar 16198,605-9,30812,9563,861
31 Dec 15181,042-7,73210,5632,902
30 Sep 15161,400-3,7009,5972,993
30 Jun 15146,301-1,8398,4992,620
31 Mar 15128,985-8,3757,4242,255
31 Dec 14115,002-12,9549,9851,836
30 Sep 14100,405-11,3908,2121,493
30 Jun 1489,431-12,8557,7601,231

Quality Earnings: JD has high quality earnings.

Growing Profit Margin: JD's current net profit margins (3.6%) are higher than last year (2.2%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: JD's earnings have grown by 6.1% per year over the past 5 years.

Accelerating Growth: JD's earnings growth over the past year (71.1%) exceeds its 5-year average (6.1% per year).

Earnings vs Industry: JD earnings growth over the past year (71.1%) exceeded the Multiline Retail industry 16.2%.


Return on Equity

High ROE: JD's Return on Equity (14.3%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/08 05:20
End of Day Share Price 2025/05/08 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

JD.com, Inc. is covered by 87 analysts. 42 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Zixiao YangArete Research Services LLP
Ishan MajumdarBaptista Research
Alicia YapBarclays