JD.com, Inc. (JD) Cost of Revenue (2013 - 2026)

JD.com has disclosed Cost of Revenue across 14 years of filings, most recently posting $38.1 billion for 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 slipped to $38.1 billion in Q1 2026, from $42.5 billion in the prior quarter.
• Over the last five years, Cost of Revenue for JD reached as high as $42.5 billion in Q4 2025 and fell as low as $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.
• Annual changes were most pronounced in 2023 — Cost of Revenue fell 7.37% — and 2025, when it increased 24.0%.
• A 5-year view of Cost of Revenue shows it stood at $36.8 billion in 2022, then climbed by 0.46% to $37.0 billion in 2023, then climbed by 8.86% to $40.3 billion in 2024, then rose by 5.57% to $42.5 billion in 2025, then decreased by 10.41% to $38.1 billion in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $38.1 billion, $42.5 billion, and $34.9 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.