JD.com (JD) Gross Margin (2013 - 2026)
JD.com's Gross Margin came in at 17.06% for Q2 2026, up 1.33 percentage points from 15.73% a year earlier and up 0.33 percentage points from the prior quarter.
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Analysis
JD.com (JD) Gross Margin (2013 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, JD.com reported Gross Margin of 16.54%, up 0.56 percentage points year-over-year; for FY2025, it came in at 97.30%, up 81.44 percentage points from FY2024.
- Gross Margin has increased in each of the last seven years, with a five-year change of +84.71 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 15.87% in FY2024 (+1.14 pp), 14.72% in FY2023 (+0.67 pp), 14.06% in FY2022 (+0.49 pp) and 13.56% in FY2021 (+0.97 pp).
- The Q2 2026 figure represents the highest quarterly Gross Margin since Q3 2024.
- Year-over-year, Gross Margin has increased for three consecutive quarters, with an average year-over-year change of +0.64 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q3 2024 (a gain of 1.52 percentage points), and the weakest in Q3 2021 (a drop of 0.93 percentage points).
- Business Quant data shows JD's Gross Margin at 16.73% (Q1 2026), 15.63% (Q4 2025) and 16.79% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,654.24 Bn | 2,170.93 Bn | 104.83 Bn | 52.26% |
| 2 | Home Depot | 289.19 Bn | 282.43 Bn | 16.12 Bn | 33.67% |
| 3 | Tjx Companies | 143.39 Bn | 120.94 Bn | 5.07 Bn | 33.41% |
| 4 | Lowes Companies | 105.29 Bn | 98.25 Bn | 8.58 Bn | 33.04% |
| 5 | Ross Stores | 75.79 Bn | 58.72 Bn | 2.12 Bn | 33.83% |
| 6 | Target | 72.00 Bn | 66.59 Bn | 8.94 Bn | 33.67% |
| 7 | O Reilly Automotive | 70.61 Bn | 69.69 Bn | 2.52 Bn | 51.45% |
| 8 | Carvana | 66.52 Bn | 58.12 Bn | 1.38 Bn | 18.76% |
| 9 | Autozone | 47.57 Bn | 46.47 Bn | 2.52 Bn | 52.15% |
| 10 | JD.com | 32.28 Bn | -77.90 Bn | 8.71 Bn | 17.06% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.06% |
| Mar 31, 2026 | 16.73% |
| Dec 31, 2025 | 15.63% |
| Sep 30, 2025 | 16.79% |
| Jun 30, 2025 | 15.73% |
| Mar 31, 2025 | 15.86% |
| Dec 31, 2024 | 15.31% |
| Sep 30, 2024 | 17.30% |
| Jun 30, 2024 | 15.83% |
| Mar 31, 2024 | 15.30% |
| Dec 31, 2023 | 14.21% |
| Sep 30, 2023 | 15.78% |
| Jun 30, 2023 | 14.90% |
| Mar 31, 2023 | 14.82% |
| Dec 31, 2022 | 14.06% |
| Sep 30, 2022 | 14.86% |
| Jun 30, 2022 | 13.41% |
| Mar 31, 2022 | 13.94% |
| Dec 31, 2021 | 13.45% |
| Sep 30, 2021 | 14.16% |
API Access
JD.com Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=JD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "JD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=JD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();