JD.com (JD) Capital Expenditures (2013 - 2026)
JD.com (JD) posted quarterly Capital Expenditures of -$227.0 million for Q1 2026, down 17.01% year-over-year from -$273.5 million in Q1 2025, and up 42.39% quarter-over-quarter from -$394.0 million in Q4 2025.
JD.com (JD) Capital Expenditures (2013 - 2026) Analysis & Trends
JD.com (JD) has reported Capital Expenditures for 14 consecutive years, with -$227.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Capital Expenditures fell 17.01% year-over-year to -$227.0 million; the TTM figure through Mar 2026 stood at -$1.2 billion (down 31.54% YoY), while the FY2025 annual figure was $1.1 billion, up 52.52% from the prior year.
- Capital Expenditures climbed to -$227.0 million in Q1 2026 per JD's latest filing, from -$394.0 million in the prior quarter.
- Across five years, Capital Expenditures topped out at -$77.0 million in Q2 2022 and bottomed at -$394.0 million in Q4 2025.
- Historically, Capital Expenditures has averaged -$231.6 million across 5 years, with a median of -$227.0 million in 2026.
- On a YoY basis, Capital Expenditures climbed as much as 48.98% in 2022 and fell as far as 331.04% in 2022.
- JD.com's Capital Expenditures stood at -$223.0 million in 2022, then declined by 24.22% to -$277.0 million in 2023, then rose by 11.55% to -$245.0 million in 2024, then slumped by 60.82% to -$394.0 million in 2025, then surged by 42.39% to -$227.0 million in 2026.
- Business Quant data shows JD's Capital Expenditures at -$227.0 million in Q1 2026, -$394.0 million in Q4 2025, and -$353.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,942.84 Bn | 2,819.86 Bn | 198.88 Bn | 98.41 Bn |
| 2 | PDD Holdings | 507.66 Bn | 448.11 Bn | 9.83 Bn | - |
| 3 | Mercadolibre | 97.39 Bn | 82.19 Bn | 4.16 Bn | 441.00 Mn |
| 4 | DoorDash | 93.67 Bn | 88.33 Bn | 2.35 Bn | 141.00 Mn |
| 5 | JD.com | 87.53 Bn | 58.35 Bn | 7.66 Bn | -227.00 Mn |
| 6 | Sea | 77.98 Bn | 69.46 Bn | 3.15 Bn | - |
| 7 | Ebay | 47.41 Bn | 44.11 Bn | 2.30 Bn | 223.00 Mn |
| 8 | Coupang | 29.58 Bn | 23.47 Bn | 2.49 Bn | 317.00 Mn |
| 9 | Zkh | 15.88 Bn | 15.88 Bn | 51.11 Mn | - |
| 10 | Wayfair | 13.67 Bn | 12.52 Bn | 1.05 Bn | 26.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -227.00 Mn |
| Mar 31, 2026 | -227.00 Mn |
| Dec 31, 2025 | -394.00 Mn |
| Dec 31, 2025 | -394.00 Mn |
| Sep 30, 2025 | -353.00 Mn |
| Sep 30, 2025 | -353.00 Mn |
| Jun 30, 2025 | -273.00 Mn |
| Jun 30, 2025 | -273.00 Mn |
| Mar 31, 2025 | -194.00 Mn |
| Mar 31, 2025 | -194.00 Mn |
| Dec 31, 2024 | -245.00 Mn |
| Dec 31, 2024 | -245.00 Mn |
| Sep 30, 2024 | -271.00 Mn |
| Sep 30, 2024 | -271.00 Mn |
| Jun 30, 2024 | -238.00 Mn |
| Jun 30, 2024 | -238.00 Mn |
| Mar 31, 2024 | -211.00 Mn |
| Mar 31, 2024 | -211.00 Mn |
| Dec 31, 2023 | -277.00 Mn |
| Dec 31, 2023 | -277.00 Mn |