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Earnings Data
Report Date
Aug 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.82Last Year’s EPS
0.73Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong full-year execution with diversified growth: significant user acquisition and engagement gains, double-digit full-year revenue growth, JD Retail margin improvement, rapid scaling of new businesses and major AI and logistics investments. At the same time, near-term headwinds remain—Q4 weakness in electronics/home appliances, a sharp drop in free cash flow versus prior year, ongoing losses at scaled new business operations and JD Logistics' year-over-year profit decline. Management emphasized improving unit economics for new businesses, disciplined investment, and confidence in 2026 momentum.Company Guidance
Full-Year Revenue Growth
Total net revenues for 2025 increased 13% year-on-year to RMB 1.3 trillion, driven by diversified growth streams across retail, services and new businesses.
Q4 Revenue Resilience and Profitability
Q4 total revenues grew 2% year-on-year to RMB 352 billion. Consolidated gross margin expanded by 32 basis points year-on-year to 15.6% in Q4. Non‑GAAP net income was RMB 1.1 billion in Q4 and RMB 27 billion for the full year (non‑GAAP net margin 0.3% Q4; 2.1% FY).
User Growth and Engagement Acceleration
Quarterly active customers grew ~30% year-on-year in Q4 and annual active customers exceeded 700 million. Annual user shopping frequency surged over 40% year-on-year, with strong cross-selling benefits from JD Food Delivery and other initiatives.
JD Retail Margin Expansion and Full-Year Strength
JD Retail delivered double-digit full-year revenue and operating profit growth; operating margin expanded by 52 basis points to 4.6% for 2025. JD Retail gross margin improved by 1.1 percentage points year-on-year in both Q4 and full year, indicating stronger supply chain-driven economics.
Robust General Merchandise and Services Growth
General merchandise revenues rose 12.1% in Q4 and 15.3% for the full year; supermarket delivered double-digit growth and mid-teens full-year growth. Service revenues grew 20% in Q4 and 24% for the full year; marketplace & marketing revenues increased 15% in Q4 and 19% for the full year.
New Businesses Scaling and Improving Unit Economics
New businesses revenue surged 201% year-on-year in Q4 and 157% for the full year, driven by rapid scaling of JD Food Delivery, Jingxi and international business. New business non‑GAAP operating loss narrowed to RMB 14.8 billion in Q4 with JD Food Delivery loss rate over GMV and total investment both improving (investment scale in Q4 down nearly 20% QoQ; Q4 loss reduced ~20% QoQ).
Strong Capital Returns and Liquidity
Board approved USD 1.4 billion annual cash dividend (USD 1 per ADS). Share buybacks of ~USD 3 billion in 2025 repurchased ~6.3% of outstanding shares (all canceled). Year-end cash, restricted cash and short-term investments totaled RMB 225 billion.
Meaningful AI and Logistics Advances
JoyAI token invocations surged nearly 100-fold from 2024 and supports over 1,000 applications. Jingyan reached 150 million annual AAC with >20% penetration. Logistics automation expanded (20+ LangzuTech warehouses deployed and first LangzuTech facility launched in the U.K.), and JoyInside-integrated product sales rose ~20x during 11.11 vs June 18.
JD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
JD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2026 | $30.53 | $31.49 | +3.14% |
Mar 05, 2026 | $24.54 | $24.61 | +0.27% |
Nov 13, 2025 | $30.20 | $29.67 | -1.73% |
Aug 14, 2025 | $31.41 | $30.51 | -2.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does JD.com Inc (JD) report earnings?
JD.com Inc (JD) is schdueled to report earning on Aug 13, 2026, Before Open (Confirmed).
What is JD.com Inc (JD) earnings time?
JD.com Inc (JD) earnings time is at Aug 13, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is JD EPS forecast?
JD EPS forecast for the fiscal quarter 2026 (Q2) is 0.82.
