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JD.com, Inc. Class A (HK:9618)
:9618
Hong Kong Market
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JD.com, Inc. Class A (9618) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Mar 05, 2026
Before Open (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
1.24
Last Year’s EPS
3.98
Same Quarter Last Year
Based on 23 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Nov 13, 2025|
% Change Since:
|
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth and user engagement, with significant expansions in the general merchandise category and new businesses like food delivery and international expansion. However, challenges remain in the electronics and home appliances segment and the food delivery business continues to incur losses. Despite these challenges, the overall sentiment remains positive with a focus on strategic initiatives and AI integration.
Company Guidance
During JD.com's third quarter 2025 earnings call, the company provided several key metrics reflecting its performance and strategic direction. Total revenues increased by 15% year-on-year to RMB 299 billion, with a notable 19% growth in the general merchandise category. The core retail business saw an 11% revenue increase, reaching RMB 251 billion, while JD Retail's gross margin expanded by 1.3 percentage points to 19.3%. Marketplace and marketing revenues grew 24% year-on-year, marking a consistent double-digit growth trajectory for seven consecutive quarters. JD's food delivery business achieved double-digit quarter-on-quarter GMV growth, although it remains in a loss-making phase, with efforts to optimize operating efficiencies showing promise. The company's user base also expanded significantly, with quarterly active customer numbers up over 40% year-on-year, surpassing 700 million annual active customers. Additionally, JD is advancing its AI strategy, aiming to foster a comprehensive AI ecosystem with significant investments over the next three years. The company maintains a high single-digit margin target for the long term, supported by its diversified growth drivers and enhanced operational efficiencies.
Revenue Growth and User Engagement
Total revenues were up 15% year-on-year, with general merchandise categories and marketplace and marketing revenue accelerating. Quarterly active customer numbers increased by over 40% year-on-year, with annual active customers exceeding 700 million.
Core Retail Business Performance
Retail revenues increased by 11% year-on-year to RMB 251 billion, with general merchandise category recording 19% year-on-year revenue growth. Marketplace and marketing revenues grew 24% year-on-year.
New Business Developments
JD Food Delivery achieved double-digit quarter-on-quarter growth, narrowing operating losses. The international retail business is establishing capabilities in Europe, and the AI ecosystem is expanding with new product launches.
Margin Expansion in Core Retail
JD Retail's gross margin sustained year-on-year expansion for 14 quarters, up 1.3 percentage points to 19.3% in Q3, with non-GAAP operating income up 28% year-on-year.
AI Strategy and Applications
JD launched new AI products, including a digital human assistant app and AI agent for various sectors, and enhanced retail technology infrastructure, reducing costs and improving sales performance.

JD.com, Inc. Class A (HK:9618) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

HK:9618 Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Mar 05, 2026
2025 (Q4)
1.24 / -
3.98
Nov 13, 2025
2025 (Q3)
1.49 / 2.05
4.664-56.09% (-2.62)
Aug 14, 2025
2025 (Q2)
2.01 / 2.71
5.095-46.75% (-2.38)
May 13, 2025
2025 (Q1)
3.83 / 4.55
3.05848.86% (+1.49)
Mar 06, 2025
2024 (Q4)
3.25 / 3.98
2.8838.19% (+1.10)
Nov 14, 2024
2024 (Q3)
4.14 / 4.66
3.61229.13% (+1.05)
Aug 15, 2024
2024 (Q2)
3.37 / 5.09
2.89575.99% (+2.20)
May 16, 2024
2024 (Q1)
2.54 / 3.06
2.68713.81% (+0.37)
Mar 06, 2024
2023 (Q4)
2.58 / 2.88
2.7096.31% (+0.17)
Nov 15, 2023
2023 (Q3)
3.15 / 3.61
3.445.00% (+0.17)
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

HK:9618 Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 13, 2025
HK$124.70HK$124.40-0.24%
Aug 14, 2025
HK$127.40HK$125.10-1.81%
May 13, 2025
HK$139.90HK$137.00-2.07%
Mar 06, 2025
HK$160.92HK$174.47+8.42%
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. Class A (HK:9618) report earnings?
JD.com, Inc. Class A (HK:9618) is schdueled to report earning on Mar 05, 2026, Before Open (Confirmed).
    What is JD.com, Inc. Class A (HK:9618) earnings time?
    JD.com, Inc. Class A (HK:9618) earnings time is at Mar 05, 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 the P/E ratio of JD.com, Inc. Class A stock?
          The P/E ratio of JD.com, Inc. Class A is N/A.
            What is HK:9618 EPS forecast?
            HK:9618 EPS forecast for the fiscal quarter 2025 (Q4) is 1.24.

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