Baozun (BZUN) Operating Expenses (2014 - 2026)
Baozun (BZUN) posted Operating Expenses of -$394.9 million for Q2 2026, down 14.42% on a QoQ basis from -$345.1 million in Q1 2026, and down 10.42% year-over-year from -$440.9 million in Q2 2025.
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Analysis
Baozun (BZUN) Operating Expenses (2014 - 2026) Analysis & Trends
Baozun has reported Operating Expenses for 13 years, with the latest figure at -$394.9 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 10.42% year-over-year to -$394.9 million in Q2 2026; TTM through Jun 2026 was -$1.5 billion, a 8.24% decrease from a year earlier, with the FY2025 full-year figure at -$1.4 billion, down 8.23% from the prior year.
- Operating Expenses was -$394.9 million for Q2 2026 at Baozun, down from -$345.1 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.
- Average Operating Expenses over 5 years is -$330.9 million, with a median of -$322.6 million recorded in 2022.
- The sharpest annual moves came in 2022 and 2026: Operating Expenses climbed 29.18% in 2022, then slipped 16.78% in 2026.
- Over 5 years, Operating Expenses stood at -$352.2 million in 2022, then dropped by 10.94% to -$390.7 million in 2023, then decreased by 2.43% to -$400.2 million in 2024, then dropped by 7.07% to -$428.5 million in 2025, then advanced by 7.84% to -$394.9 million in 2026.
- The last three Operating Expenses figures came in at -$394.9 million (Q2 2026), -$345.1 million (Q1 2026), and -$428.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Shopify | 166.44 Bn | 161.49 Bn | 1.71 Bn | 1.22 Bn |
| 2 | Global-E Online | 6.43 Bn | 6.07 Bn | 131.87 Mn | 87.19 Mn |
| 3 | Vtex | 629.70 Mn | 443.81 Mn | 51.71 Mn | -26.70 Mn |
| 4 | Rezolve Ai | 369.68 Mn | 258.57 Mn | - | - |
| 5 | Commerce.com | 275.92 Mn | 119.60 Mn | 63.53 Mn | 60.83 Mn |
| 6 | Baozun | 152.97 Mn | -66.33 Mn | 302.56 Mn | -394.92 Mn |
| 7 | BeLive Holdings | 24.01 Mn | 17.39 Mn | - | - |
| 8 | Paid | 18.65 Mn | 17.57 Mn | 1.22 Mn | 1.25 Mn |
| 9 | Caro Holdings | 11.71 Mn | 11.71 Mn | - | 161,540.00 |
| 10 | Amaze Holdings | 1.11 Mn | 1.11 Mn | - | 700.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -394.92 Mn |
| 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 |
API Access
Baozun Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=BZUN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "BZUN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=BZUN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();