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JD.com Starts 2026 with Revenue Growth and Stronger Retail Margins Despite Profit Decline

Story Highlights
  • JD.com grew first-quarter 2026 revenue 4.9% to RMB315.7 billion while overall net income and earnings per ADS declined sharply year on year.
  • JD Retail improved operating income and margin as JD.com reported record active customers, stronger user engagement and better performance in new businesses.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
JD.com Starts 2026 with Revenue Growth and Stronger Retail Margins Despite Profit Decline

Meet Samuel – Your Personal Investing Prophet

JD.com, Inc. Class A ( (HK:9618) ) just unveiled an update.

JD.com reported first-quarter 2026 net revenues of RMB315.7 billion, up 4.9% year on year, while net income attributable to ordinary shareholders fell to RMB5.1 billion and non-GAAP net income to RMB7.4 billion, reflecting lower profitability at the group level. Diluted net income per ADS roughly halved versus a year earlier, even as JD Retail’s income from operations rose to RMB15.0 billion with operating margin improving to 5.6%, underscoring stronger performance in its core retail unit.

Management highlighted record annual active customers, higher shopping frequency and expanding synergies across JD’s ecosystem, as well as steady bottom-line improvements in its New Businesses segment. The company described the quarter as a solid start to 2026 and signaled confidence in its full-year trajectory and long-term value creation, suggesting continued focus on profitability and operational resilience despite the year-on-year decline in overall net income.

The most recent analyst rating on (HK:9618) stock is a Buy with a HK$155.00 price target. To see the full list of analyst forecasts on JD.com, Inc. Class A stock, see the HK:9618 Stock Forecast page.

More about JD.com, Inc. Class A

JD.com, Inc. is a leading supply chain-based technology and service provider, best known for its large-scale retail and e-commerce operations in China and its listings on Nasdaq and the Hong Kong Stock Exchange. The company operates with a weighted voting rights structure, offering both Class A and Class B shares, and runs its flagship JD Retail segment alongside newer growth businesses.

Average Trading Volume: 11,994,499

Technical Sentiment Signal: Sell

Current Market Cap: HK$324.9B

See more data about 9618 stock on TipRanks’ Stock Analysis page.

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