JD.com (JD) Invested Capital (2014 - 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.
JD.com (JD) Invested Capital (2014 - 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,931.64 Bn | 2,808.66 Bn | 198.88 Bn | - |
| 2 | PDD Holdings | 506.17 Bn | 446.63 Bn | 9.83 Bn | 153.19 Mn |
| 3 | Mercadolibre | 98.29 Bn | 83.09 Bn | 4.16 Bn | 6.48 Bn |
| 4 | DoorDash | 92.11 Bn | 86.76 Bn | 2.35 Bn | - |
| 5 | JD.com | 87.50 Bn | 58.32 Bn | 7.66 Bn | - |
| 6 | Sea | 78.22 Bn | 69.70 Bn | 3.15 Bn | 416.52 Mn |
| 7 | Ebay | 47.18 Bn | 43.87 Bn | 2.30 Bn | 6.74 Bn |
| 8 | Coupang | 29.74 Bn | 23.63 Bn | 2.49 Bn | 1.99 Bn |
| 9 | Zkh | 16.36 Bn | 16.36 Bn | 51.11 Mn | 33,205.27 |
| 10 | Wayfair | 13.66 Bn | 12.51 Bn | 1.05 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 225.94 Mn |
| Dec 31, 2025 | 87.98 Mn |
| Sep 30, 2025 | 34.65 Mn |
| Jun 30, 2025 | 129.82 Mn |
| Mar 31, 2025 | 406.37 Mn |
| Dec 31, 2024 | 1.06 Bn |
| Sep 30, 2024 | 77.00 Mn |
| Mar 31, 2024 | 99.00 Mn |
| Dec 31, 2023 | 699.16 Mn |
| Sep 30, 2023 | 21.98 Mn |
| Jun 30, 2023 | 25.70 Mn |
| Mar 31, 2023 | 38.00 Mn |
| Dec 31, 2022 | 1.71 Bn |
| Sep 30, 2022 | 37.43 Mn |
| Jun 30, 2022 | 47.77 Mn |
| Mar 31, 2022 | 31.00 Mn |
| Dec 31, 2021 | 683.20 Mn |
| Sep 30, 2021 | 65.94 Mn |
| Jun 30, 2021 | 56.88 Mn |
| Mar 31, 2021 | 55.74 Mn |