Growth Metrics

JD.com (JD) Cost Of Revenue (2013 - 2026)

JD.com (JD) reported 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% on a QoQ basis from $42.5 billion in Q4 2025.

JD.com (JD) has 14 years of Cost of Revenue data on file, last reported at $38.1 billion in Q1 2026.

  • Quarterly Cost of Revenue rose 9.12% year-over-year to $38.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $157.4 billion (up 12.72% YoY) and the FY2025 annual result came in at $157.2 billion, up 17.67% from the prior year.
  • Cost of Revenue retreated 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.
  • The 5-year median for Cost of Revenue is $34.6 billion (2022), against an average of $34.7 billion.
  • The widest annual swing landed in 2023, when Cost of Revenue dropped 7.37%; it then climbed 24.0% in 2025.
  • Tracing JD's Cost of Revenue over 5 years: stood at $36.8 billion in 2022, then gained by 0.46% to $37.0 billion in 2023, then gained by 8.86% to $40.3 billion in 2024, then grew by 5.57% to $42.5 billion in 2025, then fell by 10.41% to $38.1 billion in 2026.
  • Per Business Quant, the three latest JD Cost of Revenue figures stand at $38.1 billion (Q1 2026), $42.5 billion (Q4 2025), and $34.9 billion (Q3 2025).