← Vipshop Holdings Ltd
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $8.2b | $11.2b |
$12.3b
+9.70%
|
$13.4b
+8.66%
|
$15.6b
+16.86%
|
$18.4b
+17.67%
|
$15.0b
-18.58%
|
$15.9b
+6.31%
|
$14.9b
-6.58%
|
$15.1b |
$106.2b
+601.34%
|
|
| Total net revenues | $56.6b | $72.9b | — | $93.0b | $101.9b | $117.1b | $103.2b | $112.9b | $108.4b | $105.9b | — | |
| Revenue from Contract with Customer, Including Assessed Tax | $8.2b | $11.2b | $12.3b | $13.4b | $15.6b | $18.4b | $15.0b | $15.9b | $14.9b | $15.1b | — | |
| Cost of Revenue | $6.2b |
$8.7b
+40.53%
|
$9.8b
+12.74%
|
$10.4b
+5.87%
|
$12.3b
+18.88%
|
$14.7b
+19.39%
|
$11.8b
-19.82%
|
$12.3b
+3.82%
|
$11.4b
-7.40%
|
$11.6b
+2.46%
|
$81.3b
+598.39%
|
|
| Cost of revenues | ($43.0b) |
($56.6b)
-31.69%
|
($67.5b)
-19.14%
|
($72.3b)
-7.20%
|
($80.6b)
-11.42%
|
($94.0b)
-16.61%
|
($81.5b)
+13.22%
|
($87.1b)
-6.87%
|
($83.0b)
+4.80%
|
($81.4b)
+1.83%
|
$81.3b
+199.87%
|
|
| Gross Profit | $2.0b |
$2.5b
+27.88%
|
$2.5b
-0.87%
|
$3.0b
+19.65%
|
$3.3b
+9.82%
|
$3.6b
+11.15%
|
$3.1b
-13.57%
|
$3.6b
+15.59%
|
$3.5b
-3.68%
|
$3.5b
+0.37%
|
$24.9b
+611.10%
|
|
| Fulfillment expenses (Including shipping and handling expenses of RMB5,837,096, RMB5,822,405 and RMB5,822,804 for the years ended December 31, 2023, 2024 and 2025, respectively) | ($4.9b) | ($6.9b) | ($7.5b) | ($7.3b) | ($6.9b) | ($7.7b) | ($7.2b) | ($8.3b) | ($8.3b) | ($8.3b) | — | |
| General and Administrative Expense | $279.6m | $376.2m | $388.9m | $583.8m | $574.5m | $657.5m | $646.6m | $584.0m | $547.0m | $625.5m | $4.4b | |
| General and administrative expenses | ($1.9b) | ($2.4b) | ($2.7b) | ($4.1b) | ($3.7b) | ($4.2b) | ($4.5b) | ($4.1b) | ($4.0b) | ($4.4b) | $4.4b | |
| Amortization of Intangible Assets | $52.4m | $52.4m | $7.0m | $2.3m | $5.6m | $1.9m | $472k | $532k | $518k | $540k | — | |
| Operating Expenses | $1.6b | $2.2b | $2.2b | $2.4b | $2.5b | $2.9b | $2.3b | $2.5b | $2.4b | $2.5b | $16.7b | |
| Total operating expenses | ($11.2b) | ($14.1b) | ($15.4b) | ($16.6b) | ($16.1b) | ($18.4b) | ($16.1b) | ($17.4b) | ($17.2b) | ($17.4b) | $16.7b | |
| Other Operating Income | $51.6m | $81.6m | $110.1m | $92.7m | $108.5m | $924.6m | $724.8m | $801.6m | $915.2m | $8.1b | — | |
| Operating Income (Loss) | $390.0m |
$413.5m
+6.03%
|
$352.1m
-14.84%
|
$685.7m
+94.71%
|
$898.1m
+30.98%
|
$876.0m
-2.46%
|
$898.5m
+2.57%
|
$1.3b
+42.71%
|
$1.3b
-1.99%
|
$1.2b
-7.42%
|
$8.2b
+604.94%
|
|
| Other Operating Income (Expense), Net | $2.7b | $531.1m | $2.4b | $4.8b | $5.9b | $5.6b | $6.2b | $9.1b | $9.2b | $151.0m | — | |
| Interest Expense | $12.3m | $12.7m | $23.2m | $12.4m | $10.3m | $2.3m | $3.5m | $3.2m | $7.9m | $12.9m | $109.7m | |
| Interest expenses | ($85.2m) | ($82.4m) | ($159.7m) | ($86.0m) | ($67.4m) | ($14.5m) | ($24.3m) | ($22.9m) | ($57.7m) | ($90.0m) | $109.7m | |
| Investment Income, Interest | $15.4m | $15.5m | $35.3m | $31.2m | $68.8m | $105.4m | $110.8m | $109.9m | $110.9m | $114.6m | — | |
| Interest income | $107.0m | $101.1m | $242.9m | $217.0m | $449.0m | $671.5m | $764.0m | $780.3m | $809.8m | $801.6m | $758.7m | |
| Debt and Equity Securities, Realized Gain (Loss) | — | — | — | $23.8m | $44.9m | ($10.1m) | $34.3m | $1.4m | $18.5m | $15.6m | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $7.4m | ($14.0m) | $10.3m | ($134k) | ($24.5m) | ($5.8m) | $99.7m | $22.9m | ($3.4m) | ($8.9m) | — | |
| Exchange gain (loss) | $51.1m | ($90.9m) | $71.1m | ($935k) | ($160.1m) | ($37.1m) | $687.9m | $162.7m | ($24.8m) | ($62.1m) | — | |
| Other income (expense): | ||||||||||||
| Income (Loss) from Equity Method Investments | ($10.3m) | ($3.4m) | ($6.8m) | $3.9m | $4.6m | $6.6m | ($951k) | $11.3m | $22.9m | $42.0m | — | |
| Share of income of equity method investees, net of tax of nil | ($71.5m) | ($22.3m) | ($47.0m) | $27.2m | $30.0m | $42.3m | ($6.6m) | $80.3m | $167.0m | $293.9m | — | |
| Share of equity adjustments for other comprehensive income (loss) of an equity method investee | — | — | — | — | — | — | — | $23.1m | ($148.9m) | ($52.5m) | — | |
| Income before income taxes and share of income of equity method investees | $2.7b | $2.5b | $2.7b | $4.9b | $7.0b | $5.9b | $8.1b | $10.0b | $10.0b | $8.9b | $9.2b | |
| Nonoperating Income (Expense) | — | ($149.6m) | $326.0m | $169.4m | $1.2b | $290.9m | $1.9b | $882.9m | $814.2m | $778.7m | — | |
| Income tax expense | ($601.8m) | ($626.1m) | ($566.6m) | ($983.6m) | ($1.1b) | ($1.2b) | ($1.8b) | ($1.9b) | ($2.3b) | ($1.8b) | $1.8b | |
| Income Tax Expense (Benefit) | $86.7m | $96.2m | $82.4m | $141.3m | $173.2m | $191.9m | $255.0m | $262.8m | $317.2m | $257.2m | $1.8b | |
| Net income attributable to non-controlling interests | $44.0m | $57.2m | ($4.7m) | $30.4m | ($12.4m) | ($11.8m) | ($13.0m) | ($84.7m) | ($99.0m) | ($167.1m) | — | |
| Net Income (Loss) Attributable to Parent | $2.0b |
$1.9b
-4.28%
|
$2.1b
+9.19%
|
$4.0b
+88.69%
|
$5.9b
+47.06%
|
$4.7b
-20.75%
|
$6.3b
+34.56%
|
$8.1b
+28.86%
|
$7.7b
-4.64%
|
$1.0b
-86.62%
|
$7.5b
+624.75%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $293.4m |
$299.7m
+2.15%
|
$309.6m
+3.32%
|
$577.0m
+86.35%
|
$905.3m
+56.90%
|
$734.6m
-18.86%
|
$913.2m
+24.32%
|
$1.1b
+25.18%
|
$1.1b
-7.25%
|
$7.2b
+583.02%
|
$7.5b
+3.64%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | ($6.3m) | ($8.8m) | $681k | ($4.4m) | $1.9m | $1.9m | $1.9m | $11.9m | $13.6m | $23.9m | $7.5b | |
| Earnings Per Share, Basic | $2.53 | $2.55 | $2.34 | $4.32 | $6.70 | $5.39 | $7.18 | $10.33 | $10.00 | $10.35 | $15.29 | |
| Earnings Per Share, Diluted | $2.43 | $2.45 | $2.27 | $4.25 | $6.56 | $5.29 | $7.13 | $10.16 | $9.83 | $10.12 | $14.90 | |
| -Basic (in shares) | $116.0m | $117.6m | $132.3m | $133.5m | $135.1m | $136.2m | $127.2m | $110.7m | $106.1m | $100.1m | $492.0m | |
| -Diluted (in shares) | $125.8m | $125.7m | $140.1m | $136.1m | $138.0m | $138.7m | $128.2m | $112.6m | $107.9m | $102.4m | $504.7m | |
| Weighted Average Number of Shares Outstanding, Basic | 116.0m | 117.6m | 132.3m | 133.5m | 135.1m | 136.2m | 127.2m | 110.7m | 106.1m | 100.1m | 492.0m | |
| Weighted Average Number of Shares Outstanding, Diluted | 125.8m | 125.7m | 140.1m | 136.1m | 138.0m | 138.7m | 128.2m | 112.6m | 107.9m | 102.4m | 504.7m | |
| Additional Financial Items | ||||||||||||
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | $0 | $44.0m | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $40.0m | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Marketing expenses | ($2.8b) | ($3.0b) | ($3.2b) | ($3.3b) | ($4.3b) | ($5.1b) | ($2.8b) | ($3.2b) | ($3.0b) | ($3.0b) | — | |
| Technology and content expenses | ($1.6b) | ($1.8b) | ($2.0b) | ($1.6b) | ($1.2b) | ($1.5b) | ($1.6b) | ($1.8b) | ($1.9b) | ($1.8b) | — | |
| Impairment loss of investments | ($114.6m) | ($133.0m) | ($20.1m) | ($127.6m) | ($43.2m) | ($414.8m) | ($93.9m) | ($19.1m) | ($61.2m) | ($15.4m) | — | |
| Investment (loss) gain and revaluation of investments | — | $55.6m | $191.8m | $166.9m | $980.9m | $85.7m | $546.0m | ($18.1m) | $148.2m | $144.7m | — | |
| Foreign currency translation, net of tax of nil | ($289.0m) | $342.3m | ($7.1m) | ($25.8m) | ($2.3m) | ($29.6m) | ($610.3m) | ($11.1m) | $37.1m | $35.6m | — | |
| Comprehensive income | $1.7b | $2.2b | $2.1b | $4.0b | $5.9b | $4.7b | $5.7b | $8.2b | $7.7b | $7.4b | — | |
| Less: Comprehensive income attributable to non-controlling interests | ($40.9m) | ($57.2m) | $4.7m | ($30.4m) | $12.4m | $11.8m | $13.0m | $84.7m | $99.0m | $167.1m | — | |
| Comprehensive income attributable to Vipshop Holdings Limited's shareholders | $1.8b | $2.3b | $2.1b | $4.0b | $5.9b | $4.7b | $5.7b | $8.1b | $7.6b | $7.2b | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.