JD.com Inc (JD)
NASDAQ:JD
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JD
(NASDAQ:JD)
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Rating:67Neutral
Price Target:
$32.00
▲(12.44% Upside)
Action:ReiteratedDate:11/15/25
JD's overall stock score of 67 is driven primarily by solid financial performance (score: 70) with steady growth and profitability, and an attractive valuation (score: 85) with a low P/E ratio and decent dividend yield. However, bearish technical indicators (score: 45) reflecting a downward price trend weigh on the score. Positive earnings call sentiment with strong revenue and user growth provides a moderate boost.
Positive Factors
Revenue Growth
Consistent double-digit revenue growth across multiple segments indicates strong market demand and effective business strategies, supporting long-term expansion.
Negative Factors
Profit Margin Pressures
Ongoing investments and rising operational costs are compressing profit margins, which may limit profitability and require strategic cost management.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent double-digit revenue growth across multiple segments indicates strong market demand and effective business strategies, supporting long-term expansion.
Read all positive factors
JD (JD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$41.49B
Dividend Yield3.37%
Average Volume (3M)11.41M
Price to Earnings (P/E)14.6
Beta (1Y)0.95
Revenue Growth16.54%
EPS Growth-3.61%
CountryUS
Employees570,895
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.08
Shares Outstanding1,490,500,000
10 Day Avg. Volume11,533,385
30 Day Avg. Volume11,405,318
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)1.63
Price to Sales (P/S)0.34
P/FCF Ratio8.80
Enterprise Value/Market Cap6.23
Enterprise Value/Revenue0.20
Enterprise Value/Gross Profit1.56
Enterprise Value/Ebitda5.50
Forecast
1Y Price Target
$34.21Price Target Upside20.20% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)19.91
Revenue Forecast (FY)$1.39T
JD Business Overview & Revenue Model
Company Description
JD.com, Inc. operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise pr...
How the Company Makes Money
JD.com generates revenue through several key streams. The primary source of income comes from direct sales of products, where the company purchases goods from suppliers and sells them to consumers. Additionally, JD operates a marketplace model, al...
JD Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down revenue by different business segments, revealing which areas are the most lucrative and where JD might face opportunities or challenges.
Breaks down revenue by different business segments, revealing which areas are the most lucrative and where JD might face opportunities or challenges.
Data provided by:
The Fly
The FlyJD Earnings Call Summary
Earnings Call Date:Mar 05, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 19, 2026
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.Positive Updates
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.
Negative Updates
Electronics and Home Appliance Weakness
Electronics and home appliances revenue declined 12% year-on-year in Q4 (attributed to a high prior-year trade-in base), causing JD Retail Q4 revenue to edge down ~1.7–2% YoY despite full-year retail growth.
Read all updates
Q4-2025 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
Management guided to sustained user and revenue momentum in 2026 with mix-driven, margin‑accretive growth: they expect JD Retail to rebound in H2 after a high base in electronics/Home Appliances in H1 and to deliver retail profit growth toward its long‑term high‑single‑digit operating‑margin target (JD Retail margin was 4.6% in 2025, +52 bps YoY), while marketplace & marketing (Q4 +15%, FY25 +18.9%) and service revenues (Q4 +20%, FY +24%) should maintain solid growth and advertising synergies (JD Food Delivery contributed ~2–3% to ad revenue in Q4) will continue; general merchandise (Q4 +12.1%, FY +15.3%), logistics (Q4 +22%, FY +19%) and new businesses (revenue +201% Q4, +157% FY) will be scaled with financial discipline — JD Food Delivery narrowed losses (new‑business non‑GAAP loss RMB14.8bn in Q4) and cut investment nearly 20% QoQ with management expecting further unit‑economics improvement and lower 2026 investment if competition normalizes — all while targeting continued group gross‑margin expansion (Q4 15.6%, FY25 16.0%), higher non‑GAAP profit beyond RMB1.1bn Q4 / RMB27bn FY25, strong liquidity (RMB225bn cash) and continued shareholder returns (USD1.4bn dividend; USD3bn share repurchases in 2025); AI investments (JoyAI token invocations ~100× YoY, Jingyan 150M AAC with an expected double in 2026) are cited as key enablers.JD Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.30T | 1.16T | 1.08T | 1.05T | 951.59B | 745.80B |
| Gross Profit | 165.96B | 113.44B | 159.70B | 147.07B | 129.07B | 109.11B |
| EBITDA | 46.95B | 47.36B | 42.82B | 23.21B | 4.87B | 58.01B |
| Net Income | 32.20B | 41.36B | 24.17B | 10.38B | -3.56B | 49.41B |
Balance Sheet | ||||||
| Total Assets | 713.53B | 698.23B | 628.96B | 595.25B | 496.51B | 422.29B |
| Cash, Cash Equivalents and Short-Term Investments | 198.27B | 234.00B | 190.15B | 219.96B | 185.33B | 146.66B |
| Total Debt | 112.09B | 89.77B | 68.43B | 65.05B | 34.14B | 31.55B |
| Total Liabilities | 409.11B | 384.94B | 332.58B | 321.13B | 249.72B | 200.67B |
| Stockholders Equity | 231.93B | 239.35B | 231.86B | 213.37B | 208.91B | 187.54B |
Cash Flow | ||||||
| Free Cash Flow | 9.10B | 44.28B | 39.51B | 35.84B | 23.74B | 34.87B |
| Operating Cash Flow | 23.00B | 58.09B | 59.52B | 57.82B | 42.30B | 42.54B |
| Investing Cash Flow | 11.82B | -871.00M | -59.54B | -54.03B | -74.25B | -57.81B |
| Financing Cash Flow | -14.51B | -21.00B | -5.81B | 1.18B | 19.50B | 71.07B |
JD Technical Analysis
Negative
28.46
Price Trends
27.91
Positive
28.69
Negative
30.75
Negative
Market Momentum
0.29
Negative
51.90
Neutral
37.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JD, the sentiment is Negative. The current price of 28.46 is above the 20-day moving average (MA) of 28.40, above the 50-day MA of 27.91, and below the 200-day MA of 30.75, indicating a neutral trend. The MACD of 0.29 indicates Negative momentum. The RSI at 51.90 is Neutral, neither overbought nor oversold. The STOCH value of 37.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JD.
JD Risk Analysis
JD disclosed 111 risk factors in its most recent earnings report. JD reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
JD Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $88.33B | 51.14 | 33.73% | ― | 38.01% | 44.52% | |
70 Outperform | $48.17B | 48.10 | 15.34% | ― | 35.85% | 1336.48% | |
70 Outperform | $138.57B | 11.47 | 26.44% | ― | 12.53% | -6.43% | |
69 Neutral | $254.57B | 36.81 | 8.82% | 1.31% | 5.14% | 50.76% | |
67 Neutral | $41.49B | 14.55 | 8.57% | 3.37% | 16.54% | -3.61% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
53 Neutral | $35.08B | -412.37 | 4.52% | ― | 16.63% | -62.54% |
* Consumer Cyclical Sector Average
JD
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.