JD.com (JD) EBT Margin (2013 - 2026)
JD.com (JD) posted quarterly EBT Margin of 2.25% for Q1 2026, down 219.0% year-over-year from 1.89% in Q1 2025, and up 686.3% quarter-over-quarter from 0.38% in Q4 2025.
JD.com (JD) EBT Margin (2013 - 2026) Analysis & Trends
JD.com (JD) has reported EBT Margin for 14 consecutive years, with 2.25% the latest figure, recorded in Q1 2026.
- In Q1 2026, EBT Margin fell 219.0% year-over-year to 2.25%; the TTM figure through Mar 2026 stood at 1.44% (down 323.0% YoY), while the FY2025 annual figure was 1.93%, down 251.0% from the prior year.
- EBT Margin advanced to 2.25% in Q1 2026 per JD's latest filing, from 0.38% in the prior quarter.
- Across five years, EBT Margin topped out at 5.85% in Q3 2024 and bottomed at 1.22% in Q1 2022.
- Historically, EBT Margin has averaged 2.69% across 5 years, with a median of 3.17% in 2022.
- Annual changes were most pronounced in 2023 — EBT Margin surged 443 bps — and 2025, when it plunged 373 bps.
- JD.com's EBT Margin stood at 1.29% in 2022, then slipped by 17 bps to 1.08% in 2023, then soared by 210 bps to 3.35% in 2024, then sank by 111 bps to 0.38% in 2025, then soared by 686 bps to 2.25% in 2026.
- Business Quant data shows JD's EBT Margin at 2.25% in Q1 2026, 0.38% in Q4 2025, and 2.22% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,927.23 Bn | 2,804.24 Bn | 198.88 Bn | 31.58% |
| 2 | PDD Holdings | 505.53 Bn | 445.99 Bn | 9.83 Bn | 25.49% |
| 3 | Mercadolibre | 97.91 Bn | 82.71 Bn | 4.16 Bn | 5.96% |
| 4 | DoorDash | 93.36 Bn | 88.01 Bn | 2.35 Bn | 4.65% |
| 5 | JD.com | 87.12 Bn | 57.94 Bn | 7.66 Bn | 2.25% |
| 6 | Sea | 78.15 Bn | 69.63 Bn | 3.15 Bn | 9.23% |
| 7 | Ebay | 47.32 Bn | 44.01 Bn | 2.30 Bn | 21.22% |
| 8 | Coupang | 29.67 Bn | 23.56 Bn | 2.49 Bn | -6.02% |
| 9 | Zkh | 16.19 Bn | 16.19 Bn | 51.11 Mn | -0.45% |
| 10 | Wayfair | 13.67 Bn | 12.53 Bn | 1.05 Bn | 0.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.25% |
| Dec 31, 2025 | -0.38% |
| Sep 30, 2025 | 2.22% |
| Jun 30, 2025 | 1.88% |
| Mar 31, 2025 | 4.43% |
| Dec 31, 2024 | 3.35% |
| Sep 30, 2024 | 5.85% |
| Jun 30, 2024 | 5.36% |
| Mar 31, 2024 | 3.48% |
| Dec 31, 2023 | 1.08% |
| Sep 30, 2023 | 4.36% |
| Jun 30, 2023 | 3.38% |
| Mar 31, 2023 | 3.21% |
| Dec 31, 2022 | 1.29% |
| Sep 30, 2022 | 3.17% |
| Jun 30, 2022 | 1.96% |
| Mar 31, 2022 | -1.22% |
| Dec 31, 2021 | -1.86% |
| Sep 30, 2021 | -1.20% |
| Jun 30, 2021 | 0.41% |