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.
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Analysis
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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,735.27 Bn | 2,612.28 Bn | 198.88 Bn | 31.58% |
| 2 | PDD Holdings | 116.19 Bn | -48,010.22 Bn | 9.45 Bn | 36.60% |
| 3 | DoorDash | 98.67 Bn | 93.32 Bn | 2.35 Bn | 4.65% |
| 4 | Mercadolibre | 98.66 Bn | 83.46 Bn | 4.16 Bn | 5.96% |
| 5 | Sea | 67.43 Bn | 59.03 Bn | 3.55 Bn | 9.19% |
| 6 | Ebay | 46.79 Bn | 43.48 Bn | 2.30 Bn | 21.22% |
| 7 | JD.com | 39.63 Bn | 7.08 Bn | 16.50 Bn | 2.68% |
| 8 | Coupang | 28.43 Bn | 22.32 Bn | 2.49 Bn | -6.02% |
| 9 | Wayfair | 12.38 Bn | 11.24 Bn | 1.05 Bn | 0.06% |
| 10 | Maplebear | 11.74 Bn | 10.89 Bn | 751.00 Mn | 14.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.68% |
| Mar 31, 2026 | 2.25% |
| Dec 31, 2025 | -0.38% |
| Sep 30, 2025 | 2.79% |
| Jun 30, 2025 | 3.05% |
| Mar 31, 2025 | 4.43% |
| Dec 31, 2024 | 3.35% |
| Sep 30, 2024 | 4.92% |
| Jun 30, 2024 | 4.48% |
| Mar 31, 2024 | 3.48% |
| Dec 31, 2023 | 1.08% |
| Sep 30, 2023 | 3.64% |
| Jun 30, 2023 | 3.30% |
| Mar 31, 2023 | 3.21% |
| Dec 31, 2022 | 1.29% |
| Sep 30, 2022 | 1.34% |
| Jun 30, 2022 | 1.04% |
| Mar 31, 2022 | -1.22% |
| Dec 31, 2021 | -1.86% |
| Sep 30, 2021 | -0.39% |