JD.com (JD) Construction in Progress (2013 - 2026)
JD.com (JD) posted quarterly Construction in Progress of $800.0 million for Q1 2026, down 17.53% year-over-year from $970.0 million in Q1 2025, and down 12.75% quarter-over-quarter from $916.9 million in Q4 2025.
Analysis
JD.com (JD) Construction in Progress (2013 - 2026) Analysis & Trends
JD.com (JD) has reported Construction in Progress for 14 consecutive years, with $800.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Construction in Progress fell 17.53% year-over-year to $800.0 million; the TTM figure through Mar 2026 stood at $800.0 million (down 17.53% YoY), while the FY2025 annual figure was $930.0 million, up 10.06% from the prior year.
- Construction in Progress retreated to $800.0 million in Q1 2026 per JD's latest filing, from $916.9 million in the prior quarter.
- Across five years, Construction in Progress topped out at $1.6 billion in Q4 2022 and bottomed at $800.0 million in Q1 2026.
- Historically, Construction in Progress has averaged $1.1 billion across 5 years, with a median of $1.2 billion in 2022.
- Annual changes were most pronounced in 2022 — Construction in Progress soared 72.48% — and 2024, when it plunged 40.25%.
- JD.com's Construction in Progress stood at $1.6 billion in 2022, then retreated by 12.2% to $1.4 billion in 2023, then sank by 37.72% to $858.1 million in 2024, then gained by 6.85% to $916.9 million in 2025, then slipped by 12.75% to $800.0 million in 2026.
- Business Quant data shows JD's Construction in Progress at $800.0 million in Q1 2026, $916.9 million in Q4 2025, and $1.2 billion in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Construction in Progress (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,746.20 Bn | 2,623.21 Bn | 198.88 Bn | - |
| 2 | PDD Holdings | 116.28 Bn | -48,010.13 Bn | 9.45 Bn | - |
| 3 | DoorDash | 98.95 Bn | 93.61 Bn | 2.35 Bn | - |
| 4 | Mercadolibre | 98.90 Bn | 83.71 Bn | 4.16 Bn | - |
| 5 | Sea | 67.51 Bn | 59.11 Bn | 3.55 Bn | - |
| 6 | Ebay | 46.90 Bn | 43.59 Bn | 2.30 Bn | - |
| 7 | JD.com | 39.64 Bn | 7.09 Bn | 16.50 Bn | 842.10 Mn |
| 8 | Coupang | 28.35 Bn | 22.24 Bn | 2.49 Bn | - |
| 9 | Wayfair | 12.44 Bn | 11.30 Bn | 1.05 Bn | - |
| 10 | Maplebear | 11.73 Bn | 10.88 Bn | 751.00 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 842.10 Mn |
| Mar 31, 2026 | 796.35 Mn |
| Dec 31, 2025 | 916.87 Mn |
| Sep 30, 2025 | 1.16 Bn |
| Jun 30, 2025 | 942.00 Mn |
| Mar 31, 2025 | 968.33 Mn |
| Dec 31, 2024 | 858.13 Mn |
| Sep 30, 2024 | 804.39 Mn |
| Jun 30, 2024 | 815.14 Mn |
| Mar 31, 2024 | 1.33 Bn |
| Dec 31, 2023 | 1.38 Bn |
| Sep 30, 2023 | 1.35 Bn |
| Jun 30, 2023 | 1.41 Bn |
| Mar 31, 2023 | 1.43 Bn |
| Dec 31, 2022 | 1.57 Bn |
| Sep 30, 2022 | 1.52 Bn |
| Jun 30, 2022 | 1.22 Bn |
| Mar 31, 2022 | 1.19 Bn |
| Dec 31, 2021 | 909.83 Mn |
| Sep 30, 2021 | 1.06 Bn |