JD.com (JD) Net Margin (2012 - 2025)

JD.com (JD) posted annual Net Margin of 1.5% for FY2025, down 57.99% year-over-year from 3.57% in FY2024.

JD.com (JD) Net Margin (2012 - 2025) Analysis & Trends

JD.com (JD) has reported Net Margin for 14 consecutive years, with 1.5% the latest figure, recorded in FY2025.

In Q1 2026, Net Margin fell 190.0% year-over-year to 2.34%; the TTM figure through Mar 2026 stood at 0.36% (down 275.0% YoY), while the FY2025 annual figure was 1.5%, down 207.0% from the prior year.
Net Margin declined to 1.5% in FY2025 per JD's latest filing, from 3.57% in the prior year.
Across five years, Net Margin topped out at 3.57% in FY2024 and bottomed at 0.37% in FY2021.
Historically, Net Margin has averaged 1.58% across 5 years, with a median of 1.5% in 2025.
Annual changes were most pronounced in 2021 — Net Margin sank 700 bps — and 2022, when it jumped 137 bps.
JD.com's Net Margin stood at 0.37% in 2021, then soared by 365 bps to 0.99% in 2022, then surged by 124 bps to 2.23% in 2023, then jumped by 60 bps to 3.57% in 2024, then tumbled by 58 bps to 1.5% in 2025.
Business Quant data shows JD's Net Margin at 1.5% in FY2025, 3.57% in FY2024, and 2.23% in FY2023.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Yr)
1	Amazon Com	2,865.58 Bn	2,742.60 Bn	198.88 Bn	-
2	PDD Holdings	472.15 Bn	412.61 Bn	9.83 Bn	22.66%
3	DoorDash	93.73 Bn	88.38 Bn	2.35 Bn	-
4	Mercadolibre	92.41 Bn	77.22 Bn	4.16 Bn	-
5	JD.com	80.21 Bn	51.03 Bn	7.66 Bn	-
6	Sea	73.19 Bn	64.67 Bn	3.15 Bn	-
7	Ebay	46.22 Bn	42.91 Bn	2.30 Bn	-
8	Coupang	29.15 Bn	23.04 Bn	2.49 Bn	-
9	Zkh	16.47 Bn	16.47 Bn	51.11 Mn	-
10	Wayfair	13.43 Bn	12.29 Bn	1.05 Bn	-

Download Data