JD.com (JD) FCF Margin (2013 - 2026)
JD.com (JD) posted quarterly FCF Margin of 0.67% for Q1 2026, up 626.0% year-over-year from 0.09% in Q1 2025, and down 90.03% quarter-over-quarter from 6.71% in Q4 2025.
JD.com (JD) FCF Margin (2013 - 2026) Analysis & Trends
JD.com (JD) has reported FCF Margin for 14 consecutive years, with 0.67% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin rose 626.0% year-over-year to 0.67%; the TTM figure through Mar 2026 stood at 3.49% (down 129.0% YoY), while the FY2025 annual figure was 0.83%, down 372.0% from the prior year.
- FCF Margin eased to 0.67% in Q1 2026 per JD's latest filing, from 6.71% in the prior quarter.
- Across five years, FCF Margin topped out at 18.01% in Q2 2024 and bottomed at 8.45% in Q1 2023.
- Historically, FCF Margin has averaged 4.32% across 5 years, with a median of 6.71% in 2025.
- Annual changes were most pronounced in 2025 — FCF Margin tumbled 1068 bps — and 2026, when it soared 626 bps.
- JD.com's FCF Margin stood at 6.78% in 2022, then gained by 4 bps to 7.05% in 2023, then rose by 9 bps to 7.69% in 2024, then slipped by 13 bps to 6.71% in 2025, then sank by 90 bps to 0.67% in 2026.
- Business Quant data shows JD's FCF Margin at 0.67% in Q1 2026, 6.71% in Q4 2025, and 1.83% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,927.23 Bn | 2,804.24 Bn | 198.88 Bn | -7.06% |
| 2 | PDD Holdings | 505.53 Bn | 445.99 Bn | 9.83 Bn | 19.47% |
| 3 | Mercadolibre | 97.91 Bn | 82.71 Bn | 4.16 Bn | 31.67% |
| 4 | DoorDash | 93.36 Bn | 88.01 Bn | 2.35 Bn | 18.03% |
| 5 | JD.com | 87.12 Bn | 57.94 Bn | 7.66 Bn | 0.67% |
| 6 | Sea | 78.15 Bn | 69.63 Bn | 3.15 Bn | 14.91% |
| 7 | Ebay | 47.32 Bn | 44.01 Bn | 2.30 Bn | 10.40% |
| 8 | Coupang | 29.67 Bn | 23.56 Bn | 2.49 Bn | 0.56% |
| 9 | Zkh | 16.19 Bn | 16.19 Bn | 51.11 Mn | - |
| 10 | Wayfair | 13.67 Bn | 12.53 Bn | 1.05 Bn | 9.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.67% |
| Dec 31, 2025 | 6.71% |
| Sep 30, 2025 | -1.83% |
| Jun 30, 2025 | 7.32% |
| Mar 31, 2025 | -5.59% |
| Dec 31, 2024 | 7.69% |
| Sep 30, 2024 | -1.66% |
| Jun 30, 2024 | 18.01% |
| Mar 31, 2024 | -3.76% |
| Dec 31, 2023 | 7.05% |
| Sep 30, 2023 | 6.92% |
| Jun 30, 2023 | 17.17% |
| Mar 31, 2023 | -8.45% |
| Dec 31, 2022 | 6.78% |
| Sep 30, 2022 | 4.56% |
| Jun 30, 2022 | 12.97% |
| Mar 31, 2022 | -1.07% |
| Dec 31, 2021 | 2.93% |
| Sep 30, 2021 | 7.41% |
| Jun 30, 2021 | 11.29% |