JD.com (JD) Capital Expenditures (2013 - 2026)
JD.com's (JD) quarterly Capital Expenditures came in at -$673.0 million in Q2 2026, down 43.5% year-over-year from -$1.2 billion in Q2 2025, and down 196.48% quarter-over-quarter from -$227.0 million in Q1 2026.
Powered by 
Analysis
JD.com (JD) Capital Expenditures (2013 - 2026) Analysis & Trends
JD.com (JD) has reported Capital Expenditures for 14 consecutive years, with -$673.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Capital Expenditures fell 43.5% year-over-year to -$673.0 million in Q2 2026; TTM through Jun 2026 was -$2.1 billion, a 29.11% decrease from a year earlier, with the FY2026 full-year figure at -$1.5 billion, changed N/A from the prior year.
- Capital Expenditures was -$673.0 million for Q2 2026 at JD.com, down from -$227.0 million in the prior quarter.
- Over five years, Capital Expenditures peaked at -$143.0 million in Q1 2022 and troughed at -$826.0 million in Q3 2025.
- A 5-year average of -$375.0 million and a median of -$298.0 million in 2023 frame the typical range for Capital Expenditures.
- Across the five-year window, Capital Expenditures jumped 48.98% in 2022 and sank 60.82% in 2025, its largest moves.
- Over 5 years, Capital Expenditures stood at -$223.0 million in 2022, then slipped by 24.22% to -$277.0 million in 2023, then grew by 11.55% to -$245.0 million in 2024, then slumped by 60.82% to -$394.0 million in 2025, then plunged by 70.81% to -$673.0 million in 2026.
- The last three Capital Expenditures figures came in at -$673.0 million (Q2 2026), -$227.0 million (Q1 2026), and -$394.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,735.76 Bn | 2,612.77 Bn | 198.88 Bn | 98.41 Bn |
| 2 | JD.com | 32.66 Bn | 9.40 Bn | 16.50 Bn | -673.00 Mn |
| 3 | Coupang | 25.61 Bn | 19.50 Bn | 2.49 Bn | 317.00 Mn |
| 4 | Wayfair | 13.93 Bn | 12.79 Bn | 1.05 Bn | 26.00 Mn |
| 5 | GigaCloud Technology | 3.80 Bn | 3.42 Bn | 105.56 Mn | 3.32 Mn |
| 6 | Pattern | 3.04 Bn | 2.69 Bn | 384.36 Mn | 10.93 Mn |
| 7 | Yunji | 1.88 Bn | 1.86 Bn | - | - |
| 8 | Revolve | 1.47 Bn | 1.13 Bn | 196.67 Mn | 2.84 Mn |
| 9 | ATRenew | 632.36 Mn | 371.23 Mn | -705.59 Mn | - |
| 10 | Stitch Fix | 398.30 Mn | 211.49 Mn | 148.84 Mn | 5.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -673.00 Mn |
| Mar 31, 2026 | -227.00 Mn |
| Dec 31, 2025 | -394.00 Mn |
| Sep 30, 2025 | -826.00 Mn |
| Jun 30, 2025 | -469.00 Mn |
| Mar 31, 2025 | -194.00 Mn |
| Dec 31, 2024 | -245.00 Mn |
| Sep 30, 2024 | -734.00 Mn |
| Jun 30, 2024 | -448.00 Mn |
| Mar 31, 2024 | -211.00 Mn |
| Dec 31, 2023 | -277.00 Mn |
| Sep 30, 2023 | -588.00 Mn |
| Jun 30, 2023 | -319.00 Mn |
| Mar 31, 2023 | -156.00 Mn |
| Dec 31, 2022 | -223.00 Mn |
| Sep 30, 2022 | -412.00 Mn |
| Jun 30, 2022 | -211.00 Mn |
| Mar 31, 2022 | -143.00 Mn |
| Dec 31, 2021 | -253.45 Mn |
| Sep 30, 2021 | -533.95 Mn |
API Access
JD.com Capital Expenditures 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=capital-expenditures&ticker=JD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "JD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=JD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();