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Earnings Data
Report Date
Aug 14, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.59Last Year’s EPS
0.6Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balanced demonstrable operating and financial strengths (modest revenue growth, stronger gross margins, double-digit net income growth, SVIP expansion, a strong outlet business, healthy cash reserves, completed dividend and an expected one-time REIT gain) with meaningful near-term headwinds (soft March–May trends, cautious Q2 revenue guidance of -5% to 0% YoY, online softness vs offline/outlet shift, higher fulfillment costs and limited non-GAAP improvement). Management emphasized operational discipline, AI-driven initiatives and SVIP-driven quality of growth but acknowledged uncertainty in consumer sentiment, resulting in conservative near-term guidance.Company Guidance
Revenue and Profitability Growth in Q1
Total net revenues increased 1.2% YoY to RMB 26.6 billion. Gross profit rose 6.8% YoY to RMB 6.5 billion and gross margin expanded to 24.4% from 23.2% (up 1.2 percentage points). Income from operations increased 9.7% YoY to RMB 2.5 billion with operating margin improving to 9.4% from 8.7%.
Net Income and EPS Improvement
Net income attributable to Vipshop shareholders increased 13.6% YoY to RMB 2.2 billion. Net margin widened to 8.3% from 7.4%. Net income per diluted ADS rose to RMB 4.48 from RMB 3.72.
Strong SVIP Member Metrics and Customer Quality
Total active customers showed positive momentum led by SVIP members which grew 9% YoY. Paid SVIP members accounted for approximately 50%–55% of online spending, driving higher-quality revenue and engagement.
Outlet (Shanshan) Business Outperformance
Shanshan outlets posted robust growth with GMV up around 30% YoY, benefiting from category concentration (e.g., sports, outdoor) and strong regional positions of key outlets.
Shareholder Returns and Strong Cash Position
Completed annual dividend distribution of approximately USD 300 million and remain on track to return 75% of full-year 2025 non-GAAP net income. As of March 31, 2026, cash and cash equivalents (including restricted cash) were RMB 28.3 billion and short-term investments RMB 2.7 billion.
Strategic ENablers — AI, Merchandising, and Exclusive Inventory
Management highlighted scaling generative AI for personalized marketing, improvements in merchandising speed and exclusive low-priced inventory flow-through, which have driven improved customer acquisition efficiency and higher-frequency visits from high-value shoppers.
REIT Transaction Driving Near-Term Accounting Gain and Cash Inflow
Subscription to 49% of a commercial REIT (two underlying assets) will deconsolidate those assets; management expects a one-time GAAP investment gain of ~RMB 5.3 billion in Q2 and a cash inflow of ~RMB 1.7 billion in Q2.
VIPS 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
VIPS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 21, 2026 | $14.22 | $14.52 | +2.11% |
Feb 26, 2026 | $17.07 | $17.42 | +2.08% |
Nov 20, 2025 | $18.70 | $17.39 | -7.00% |
Aug 14, 2025 | $15.73 | $16.66 | +5.93% |
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 Vipshop Holdings (VIPS) report earnings?
Vipshop Holdings (VIPS) is schdueled to report earning on Aug 14, 2026, After Close (Confirmed).
What is Vipshop Holdings (VIPS) earnings time?
Vipshop Holdings (VIPS) earnings time is at Aug 14, 2026, After Close (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 VIPS EPS forecast?
VIPS EPS forecast for the fiscal quarter 2026 (Q2) is 0.59.
