Stocktoria

JD.com, Inc. JD

Nasdaq · stock · Retail-Retail Stores, NEC · website · IPO 2014-05-22 · LEI

JD.com, Inc. statistics & valuation

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
-0.10% 0.00% -0.60% 1.60% 1.70% 0.40% 1.90% 2.40% 3.30% 0.20% 2016201720182019202020212022202320242025
Return on equity (%)
-11.10% 2016201720182019202020212022202320242025
Shares outstanding
2.80B 2.91B 2.88B 2.97B 3.11B 3.11B 3.18B 3.17B 3.08B 2.98B 2016201720182019202020212022202320242025
Net debt ($)
-$4.53B -$221.6M -$1.62B $16.86B $22.02B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-2.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
1.20% 2.80% 3.90% 5.00% 5.10% 2016201720182019202020212022202320242025
Debt / equity (×)
0.05× 0.41× 0.25× 0.74× 0.99× 2016201720182019202020212022202320242025
EPS ($)
-$0.20 -$0.01 -$0.13 $0.59 $2.43 -$0.18 $0.47 $1.07 $1.84 $0.92 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

JD.com, Inc. trades at about 34.4× earnings — near its 10-year norm (10-year range 21.1×–126.7×, median 36.5×).

21.1× 126.7×

Shaded band = 10-year range (21.1×–126.7×); dot = today's 34.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin0.2%3.3%2.4%1.9%0.4%1.7%1.6%-0.6%-0.0%-0.1%
Net margin-0.2%
FCF margin5.1%5.0%3.9%2.8%1.2%
Return on assets-2.4%
Return on equity-11.1%
Debt / equity0.99×0.74×0.25×0.41×0.05×
Current ratio1.221.291.161.321.351.350.990.870.971.02

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.