JD.com (ADR)
Combines inventory-led retail, a marketplace and self-built logistics across China.
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Profile
Combines inventory-led online retail, marketplace and marketing services, and integrated logistics in a China-centered platform. Owning warehouses and delivery capacity supports product authenticity and rapid fulfillment, while the Cayman holding-company structure depends on contractual control of regulated Chinese operations.
Combines first-party online retail with a marketplace, marketing services and an owned fulfillment network. JD Retail sells merchandise from inventory, while JD Logistics provides warehousing, distribution and integrated supply-chain services to internal and external customers.
Operations are centered in China, with newer international activity and New Businesses spanning health, industrials and property. Direct sourcing, inventory control and self-built delivery infrastructure support product authenticity and rapid fulfillment.
The listed issuer is a Cayman holding company that relies on contractual arrangements with variable interest entities for regulated Chinese operations. Founder Richard Qiangdong Liu retains concentrated voting control, while Chinese cybersecurity, data, antitrust and offshore-listing rules shape operating permissions and continued market access.
Company facts
Categories
Key statistics
Year to date −2.7% · Average volume (30d) 8.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 14, 2026 | Mizuho Securities | Target | $41 | $39 | ||
| Jul 13, 2026 | Macquarie | Target | $35 | $37 | ||
| Jun 24, 2026 | Daiwa | Downgrade | Hold | Neutral | ||
| Jun 24, 2026 | Daiwa Capital | Downgrade | Buy | Hold | ||
| Jun 23, 2026 | Daiwa | Downgrade | Hold | $110 | $27 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | $0.86 | $0.93 | +8.1% | $50.38B | $50.98B | +1.2% | −7.31% |
| May 12, 2026Q1 FY26 | $0.57 | $0.74 | +29.8% | $45.16B | $45.75B | +1.3% | +7.24% |
| Mar 5, 2026Q4 FY25 | $0.07 | $0.08 | +14.3% | $50.26B | $50.36B | +0.2% | +6.12% |
| Nov 13, 2025Q3 FY25 | $0.46 | $0.52 | +13.0% | $49.69B | $42.00B | −15.5% | −4.56% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $44.80B | $53.07B | $44.50B | $52.42B | $46.69B | $51.40B | |
| Gross profit | $7.12B | $8.43B | $4.24B | −$1.65B | $7.80B | $8.76B | |
| Operating income | $1.57B | −$127.8M | −$156.4M | −$870.3M | $563.0M | $614.7M | |
| Net income | $1.62B | $919.2M | $785.0M | −$403.7M | $754.5M | $1.06B | |
| Diluted EPS | $1.07 | $0.62 | $0.50 | −$0.27 | $0.53 | $0.75 | |
| Gross margin | 15.9% | 15.9% | 9.5% | -3.2% | 16.7% | 17.0% | |
| Operating margin | 3.5% | -0.2% | -0.4% | -1.7% | 1.2% | 1.2% |
Fiscal years (4-quarter sums)FY21 $141.59B · FY22 $155.67B · FY23 $161.39B · FY24 $172.42B · FY25 $194.78B
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $34.99B · Total debt $15.67B · Total assets $107.97B · Shareholders' equity $32.61B
Dividends
Raised for 2 straight years — most recently to $1.00 from $0.76 in Apr 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Apr 9, 2026 | Apr 9 | Apr 29 | $1.00 | |
| Apr 8, 2025 | Apr 8 | Apr 29 | $1.00 | raised from $0.76 |
| Apr 4, 2024 | Apr 5 | Apr 29 | $0.76 | raised from $0.62 |
| Apr 5, 2023 | Apr 6 | May 4 | $0.62 | |
| May 19, 2022 | May 20 | Jun 14 | $1.26 | special dividend |
Ownership
Shares outstanding 1.40B · Float 1.21B · 86.3% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Richard Qiangdong Liu | 362.31M | 12.50% | 13G | May 13, 2025 |
| BlackRock, Inc. | 132.86M | 5.30% | 13G | Jul 28, 2026 |
| FIL Ltd | 13.73M | 0.98% | 13F | Aug 13, 2026 |
| Dodge & Cox | 12.19M | 0.87% | 13F | Aug 13, 2026 |
| Newlands Management Operations LLC | 11.69M | 0.83% | 13F | Aug 14, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Alibaba Group (ADR)
Broadest rival across China e-commerce, instant retail, and logistics
- PDD (ADR)
Value-led marketplace rival in China and cross-border e-commerce
- Vipshop (ADR)
China online discount retailer focused on branded merchandise
- Amazon
Global retail, marketplace, and fulfillment benchmark
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| JD.com (ADR) | $28.63 | −0.35% | $40.35B | 19.0 | 8.8 | 0.2 | +2.5% |
| Alibaba Group (ADR) | $118.57 | −0.26% | $284.99B | 27.1 | 18.1 | 1.8 | +14.8% |
| PDD (ADR) | $85.92 | +0.20% | $121.97B | 9.1 | 10.1 | 1.8 | +14.0% |
| Vipshop (ADR) | $13.50 | −0.07% | $6.64B | 4.4 | 5.6 | 0.4 | +1.1% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| Median | 15.3 | 14.1 | 1.8 | +14.4% |