JD.com (JD) Cost of Revenue (2013 - 2026)
JD.com (JD) posted quarterly Cost of Revenue of $38.1 billion for Q1 2026, up 9.12% year-over-year from $34.9 billion in Q1 2025, and down 10.41% quarter-over-quarter from $42.5 billion in Q4 2025.
JD.com (JD) Cost of Revenue (2013 - 2026) Analysis & Trends
JD.com (JD) has reported Cost of Revenue for 14 consecutive years, with $38.1 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue rose 9.12% year-over-year to $38.1 billion; the TTM figure through Mar 2026 stood at $157.4 billion (up 12.72% YoY), while the FY2025 annual figure was $157.2 billion, up 17.67% from the prior year.
- Cost of Revenue eased to $38.1 billion in Q1 2026 per JD's latest filing, from $42.5 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $42.5 billion in Q4 2025 and bottomed at $28.6 billion in Q3 2023.
- Historically, Cost of Revenue has averaged $34.7 billion across 5 years, with a median of $34.6 billion in 2022.
- Annual changes were most pronounced in 2023 — Cost of Revenue fell 7.37% — and 2025, when it increased 24.0%.
- JD.com's Cost of Revenue stood at $36.8 billion in 2022, then grew by 0.46% to $37.0 billion in 2023, then grew by 8.86% to $40.3 billion in 2024, then gained by 5.57% to $42.5 billion in 2025, then slipped by 10.41% to $38.1 billion in 2026.
- Business Quant data shows JD's Cost of Revenue at $38.1 billion in Q1 2026, $42.5 billion in Q4 2025, and $34.9 billion in Q3 2025.
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