JD.com (JD) EBITDA (2013 - 2026)
JD.com (JD) posted quarterly EBITDA of $549.6 million for Q1 2026, down 62.07% year-over-year from $1.4 billion in Q1 2025, and up 165.74% quarter-over-quarter from -$836.0 million in Q4 2025.
Analysis
JD.com (JD) EBITDA (2013 - 2026) Analysis & Trends
JD.com (JD) has reported EBITDA for 14 consecutive years, with $549.6 million the latest figure, recorded in Q1 2026.
- In Q1 2026, EBITDA fell 62.07% year-over-year to $549.6 million; the TTM figure through Mar 2026 stood at -$552.0 million (down 109.56% YoY), while the FY2025 annual figure was $386.0 million, down 92.73% from the prior year.
- EBITDA grew to $549.6 million in Q1 2026 per JD's latest filing, from -$836.0 million in the prior quarter.
- Across five years, EBITDA topped out at $1.7 billion in Q3 2024 and bottomed at -$836.0 million in Q4 2025.
- Historically, EBITDA has averaged $759.0 million across 5 years, with a median of $936.0 million in 2023.
- Annual changes were most pronounced in 2022 — EBITDA jumped 1239.63% — and 2025, when it plunged 171.88%.
- JD.com's EBITDA stood at $701.0 million in 2022, then sank by 59.34% to $285.0 million in 2023, then soared by 308.07% to $1.2 billion in 2024, then slumped by 171.88% to -$836.0 million in 2025, then jumped by 165.74% to $549.6 million in 2026.
- Business Quant data shows JD's EBITDA at $549.6 million in Q1 2026, -$836.0 million in Q4 2025, and -$146.8 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,739.10 Bn | 2,616.11 Bn | 198.88 Bn | 51.31 Bn |
| 2 | PDD Holdings | 116.84 Bn | -48,009.57 Bn | 9.45 Bn | 4.08 Bn |
| 3 | DoorDash | 99.59 Bn | 94.24 Bn | 2.35 Bn | 206.00 Mn |
| 4 | Mercadolibre | 98.62 Bn | 83.42 Bn | 4.16 Bn | 683.00 Mn |
| 5 | Sea | 68.17 Bn | 59.77 Bn | 3.55 Bn | 429.76 Mn |
| 6 | Ebay | 47.01 Bn | 43.70 Bn | 2.30 Bn | 676.00 Mn |
| 7 | JD.com | 39.70 Bn | 7.14 Bn | 16.50 Bn | 1.23 Bn |
| 8 | Coupang | 28.54 Bn | 22.43 Bn | 2.49 Bn | -556.00 Mn |
| 9 | Wayfair | 12.70 Bn | 11.55 Bn | 1.05 Bn | 104.00 Mn |
| 10 | Maplebear | 11.76 Bn | 10.91 Bn | 751.00 Mn | 143.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.23 Bn |
| Mar 31, 2026 | 552.00 Mn |
| Dec 31, 2025 | -836.00 Mn |
| Sep 30, 2025 | 1.21 Bn |
| Jun 30, 2025 | 1.34 Bn |
| Mar 31, 2025 | 1.45 Bn |
| Dec 31, 2024 | 1.16 Bn |
| Sep 30, 2024 | 4.31 Bn |
| Jun 30, 2024 | 2.51 Bn |
| Mar 31, 2024 | 1.07 Bn |
| Dec 31, 2023 | 285.00 Mn |
| Sep 30, 2023 | 3.29 Bn |
| Jun 30, 2023 | 2.03 Bn |
| Mar 31, 2023 | 936.00 Mn |
| Dec 31, 2022 | 701.00 Mn |
| Sep 30, 2022 | 2.09 Bn |
| Jun 30, 2022 | 921.00 Mn |
| Mar 31, 2022 | 380.00 Mn |
| Dec 31, 2021 | -61.51 Mn |
| Sep 30, 2021 | 703.50 Mn |