Baozun (BZUN) Operating Expenses (2014 - 2026)
Baozun (BZUN) posted quarterly Operating Expenses of -$345.1 million for Q1 2026, down 16.78% year-over-year from -$414.8 million in Q1 2025, and up 19.46% quarter-over-quarter from -$428.5 million in Q4 2025.
Baozun (BZUN) Operating Expenses (2014 - 2026) Analysis & Trends
Baozun's Operating Expenses history runs 13 years deep, the most recent figure standing at -$345.1 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 16.78% year-over-year to -$345.1 million; the TTM figure through Mar 2026 stood at -$1.4 billion (down 7.56% YoY), while the FY2025 annual figure was $1.4 billion, up 8.23% from the prior year.
- Operating Expenses for Q1 2026 stood at -$345.1 million, up from -$428.5 million in the prior quarter.
- The five-year high for Operating Expenses was -$248.5 million in Q3 2022, with the low at -$428.5 million in Q4 2025.
- The 5-year median for Operating Expenses is -$320.3 million (2022), against an average of -$327.2 million.
- The sharpest annual moves came in 2022 and 2026: Operating Expenses gained 29.18% in 2022, then retreated 16.78% in 2026.
- Baozun's Operating Expenses stood at -$352.2 million in 2022, then decreased by 10.94% to -$390.7 million in 2023, then fell by 2.43% to -$400.2 million in 2024, then decreased by 7.07% to -$428.5 million in 2025, then rose by 19.46% to -$345.1 million in 2026.
- Business Quant data shows BZUN's Operating Expenses at -$345.1 million in Q1 2026, -$428.5 million in Q4 2025, and -$306.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,931.64 Bn | 2,808.66 Bn | 198.88 Bn | 330.81 Bn |
| 2 | PDD Holdings | 506.17 Bn | 446.63 Bn | 9.83 Bn | -5.87 Bn |
| 3 | Mercadolibre | 98.29 Bn | 83.09 Bn | 4.16 Bn | 3.48 Bn |
| 4 | DoorDash | 92.11 Bn | 86.76 Bn | 2.35 Bn | 4.30 Bn |
| 5 | JD.com | 87.50 Bn | 58.32 Bn | 7.66 Bn | -1.51 Bn |
| 6 | Sea | 78.22 Bn | 69.70 Bn | 3.15 Bn | -2.55 Bn |
| 7 | Ebay | 47.18 Bn | 43.87 Bn | 2.30 Bn | 1.63 Bn |
| 8 | Coupang | 29.74 Bn | 23.63 Bn | 2.49 Bn | 9.41 Bn |
| 9 | Zkh | 16.36 Bn | 16.36 Bn | 51.11 Mn | -23.28 Mn |
| 10 | Baozun | 507.26 Mn | 89.06 Mn | 243.45 Mn | -345.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -345.14 Mn |
| Dec 31, 2025 | -428.52 Mn |
| Sep 30, 2025 | -306.48 Mn |
| Jun 30, 2025 | -357.65 Mn |
| Mar 31, 2025 | -295.54 Mn |
| Dec 31, 2024 | -400.21 Mn |
| Sep 30, 2024 | -309.44 Mn |
| Jun 30, 2024 | -331.60 Mn |
| Mar 31, 2024 | -281.78 Mn |
| Dec 31, 2023 | -390.71 Mn |
| Sep 30, 2023 | -268.55 Mn |
| Jun 30, 2023 | -324.99 Mn |
| Mar 31, 2023 | -280.80 Mn |
| Dec 31, 2022 | -352.19 Mn |
| Sep 30, 2022 | -248.47 Mn |
| Jun 30, 2022 | -320.30 Mn |
| Mar 31, 2022 | -319.49 Mn |
| Dec 31, 2021 | -497.27 Mn |
| Sep 30, 2021 | -318.98 Mn |
| Jun 30, 2021 | -340.35 Mn |