JD.com (JD) Invested Capital (2015 - 2026)
JD.com (JD) posted quarterly Invested Capital of $225.9 million for Q1 2026, down 44.4% year-over-year from $406.4 million in Q1 2025, and up 156.81% quarter-over-quarter from $88.0 million in Q4 2025.
Analysis
JD.com (JD) Invested Capital (2015 - 2026) Analysis & Trends
JD.com (JD) has reported Invested Capital for 13 consecutive years, with $225.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Invested Capital fell 44.4% year-over-year to $225.9 million; the TTM figure through Mar 2026 stood at $478.4 million (down 68.91% YoY), while the FY2025 annual figure was $86.8 million, down 91.64% from the prior year.
- Invested Capital improved to $225.9 million in Q1 2026 per JD's latest filing, from $88.0 million in the prior quarter.
- Across five years, Invested Capital topped out at $1.7 billion in Q4 2022 and bottomed at $22.0 million in Q3 2023.
- Historically, Invested Capital has averaged $295.3 million across 5 years, with a median of $82.5 million in 2024.
- On a YoY basis, Invested Capital climbed as much as 310.47% in 2025 and fell as far as 91.66% in 2025.
- JD.com's Invested Capital stood at $1.7 billion in 2022, then sank by 59.06% to $699.2 million in 2023, then surged by 50.95% to $1.1 billion in 2024, then plunged by 91.66% to $88.0 million in 2025, then jumped by 156.81% to $225.9 million in 2026.
- Business Quant data shows JD's Invested Capital at $225.9 million in Q1 2026, $88.0 million in Q4 2025, and $34.7 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,735.27 Bn | 2,612.28 Bn | 198.88 Bn | - |
| 2 | PDD Holdings | 116.19 Bn | -48,010.22 Bn | 9.45 Bn | - |
| 3 | DoorDash | 98.67 Bn | 93.32 Bn | 2.35 Bn | - |
| 4 | Mercadolibre | 98.66 Bn | 83.46 Bn | 4.16 Bn | 6.48 Bn |
| 5 | Sea | 67.43 Bn | 59.03 Bn | 3.55 Bn | - |
| 6 | Ebay | 46.79 Bn | 43.48 Bn | 2.30 Bn | 6.74 Bn |
| 7 | JD.com | 39.63 Bn | 7.08 Bn | 16.50 Bn | 519.00 Mn |
| 8 | Coupang | 28.43 Bn | 22.32 Bn | 2.49 Bn | 1.99 Bn |
| 9 | Wayfair | 12.38 Bn | 11.24 Bn | 1.05 Bn | - |
| 10 | Maplebear | 11.74 Bn | 10.89 Bn | 751.00 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 519.00 Mn |
| Mar 31, 2026 | 1.19 Bn |
| Dec 31, 2025 | 1.13 Bn |
| Sep 30, 2025 | 2.38 Bn |
| Jun 30, 2025 | 1.61 Bn |
| Mar 31, 2025 | 581.90 Mn |
| Dec 31, 2024 | 1.06 Bn |
| Sep 30, 2024 | 1.35 Bn |
| Jun 30, 2024 | 773.70 Mn |
| Mar 31, 2024 | 736.57 Mn |
| Dec 31, 2023 | 699.16 Mn |
| Sep 30, 2023 | 1.90 Bn |
| Jun 30, 2023 | 2.56 Bn |
| Mar 31, 2023 | 2.09 Bn |
| Dec 31, 2022 | 1.71 Bn |
| Sep 30, 2022 | 2.63 Bn |
| Jun 30, 2022 | 2.09 Bn |
| Mar 31, 2022 | 2.70 Bn |
| Dec 31, 2021 | 683.20 Mn |
| Sep 30, 2021 | 1.09 Bn |