JD.com, Inc. (JD) EBITDA Margin (2013 - 2026)

JD.com has disclosed EBITDA Margin across 14 years of filings, most recently posting 1.2% for Q1 2026.

• In Q1 2026, EBITDA Margin fell 229.0% year-over-year to 1.2%; the TTM figure through Mar 2026 stood at 0.29% (down 377.0% YoY), while the FY2025 annual figure was 1.3%, down 231.0% from the prior year.
• EBITDA Margin improved to 1.2% in Q1 2026, from 1.66% in the prior quarter.
• Over the last five years, EBITDA Margin for JD reached as high as 4.63% in Q3 2024 and fell as low as 1.66% in Q4 2025.
• The 5-year median for EBITDA Margin is 2.45% (2024), against an average of 1.99%.
• Annual changes were most pronounced in 2022 — EBITDA Margin jumped 241 bps — and 2025, when it plunged 498 bps.
• A 5-year view of EBITDA Margin shows it stood at 1.64% in 2022, then sank by 60 bps to 0.66% in 2023, then jumped by 270 bps to 2.45% in 2024, then plunged by 168 bps to 1.66% in 2025, then jumped by 172 bps to 1.2% in 2026.
• According to Business Quant data, EBITDA Margin over the past three periods registered 1.2%, 1.66%, and 0.35% for Q1 2026, Q4 2025, and Q3 2025 respectively.