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.
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,925.72 Bn | 2,802.73 Bn | 198.88 Bn | 51.31 Bn |
| 2 | PDD Holdings | 505.98 Bn | 446.44 Bn | 9.83 Bn | 3.96 Bn |
| 3 | Mercadolibre | 97.47 Bn | 82.28 Bn | 4.16 Bn | 683.00 Mn |
| 4 | DoorDash | 92.92 Bn | 87.57 Bn | 2.35 Bn | 156.00 Mn |
| 5 | JD.com | 87.50 Bn | 58.32 Bn | 7.66 Bn | 549.62 Mn |
| 6 | Sea | 77.42 Bn | 68.91 Bn | 3.15 Bn | 573.57 Mn |
| 7 | Ebay | 47.53 Bn | 44.22 Bn | 2.30 Bn | 676.00 Mn |
| 8 | Coupang | 29.76 Bn | 23.65 Bn | 2.49 Bn | -556.00 Mn |
| 9 | Zkh | 16.08 Bn | 16.08 Bn | 51.11 Mn | -3.25 Mn |
| 10 | Wayfair | 13.70 Bn | 12.55 Bn | 1.05 Bn | 104.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 549.62 Mn |
| Dec 31, 2025 | -836.00 Mn |
| Sep 30, 2025 | -146.84 Mn |
| Jun 30, 2025 | -118.76 Mn |
| Mar 31, 2025 | 1.45 Bn |
| Dec 31, 2024 | 1.16 Bn |
| Sep 30, 2024 | 1.72 Bn |
| Jun 30, 2024 | 1.45 Bn |
| Mar 31, 2024 | 1.07 Bn |
| Dec 31, 2023 | 285.00 Mn |
| Sep 30, 2023 | 1.29 Bn |
| Jun 30, 2023 | 1.18 Bn |
| Mar 31, 2023 | 936.00 Mn |
| Dec 31, 2022 | 701.00 Mn |
| Sep 30, 2022 | 1.28 Bn |
| Jun 30, 2022 | 569.89 Mn |
| Mar 31, 2022 | 380.00 Mn |
| Dec 31, 2021 | -61.51 Mn |
| Sep 30, 2021 | 397.58 Mn |
| Jun 30, 2021 | 46.58 Mn |