JD.com (JD) Net Margin (2013 - 2026)
JD.com (JD) recorded Net Margin of 2.05% in Q2 2026, up 0.34 percentage points from 1.72% a year earlier and up 0.44 percentage points from the prior quarter.
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Analysis
JD.com (JD) Net Margin (2013 - 2026) Analysis & Trends
On a TTM basis, JD.com's Net Margin came in at 1.13% as of Jun 30, 2026, down 1.94 percentage points year-over-year; for FY2025, it was 1.30%, down 2.27 percentage points from FY2024.
- Annual Net Margin has a five-year change of -4.29 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 3.57% in FY2024 (+1.33 pp), 2.24% in FY2023 (+1.22 pp), 1.02% in FY2022 (+1.66 pp) and -0.64% in FY2021 (-6.23 pp).
- The Q2 2026 figure is the highest quarterly Net Margin since Q1 2025.
- On a year-over-year basis, Net Margin rose in four of the last eight quarters, with an average year-over-year change of -0.85 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 3.83 percentage points in Q1 2023, against a drop of 12.72 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 1.61% (Q1 2026), -0.77% (Q4 2025) and 1.75% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,583.91 Bn | 2,583.91 Bn | - | - |
| 2 | Home Depot | 327.32 Bn | 320.57 Bn | 16.12 Bn | 9.96% |
| 3 | Tjx Companies | 155.16 Bn | 132.70 Bn | 5.07 Bn | 10.01% |
| 4 | Lowes Companies | 116.41 Bn | 109.37 Bn | 8.58 Bn | 9.24% |
| 5 | O Reilly Automotive | 72.96 Bn | 72.96 Bn | 2.68 Bn | - |
| 6 | Ross Stores | 72.59 Bn | 55.51 Bn | 2.12 Bn | 13.59% |
| 7 | Target | 69.63 Bn | 64.22 Bn | 8.94 Bn | 7.07% |
| 8 | Autozone | 52.04 Bn | 50.89 Bn | 3.52 Bn | 14.13% |
| 9 | Carvana | 49.71 Bn | 39.29 Bn | 1.52 Bn | 3.59% |
| 10 | JD.com | 36.48 Bn | -83.72 Bn | 8.74 Bn | 2.06% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.06% |
| Mar 31, 2026 | 1.62% |
| Dec 31, 2025 | -0.77% |
| Sep 30, 2025 | 1.76% |
| Jun 30, 2025 | 1.73% |
| Mar 31, 2025 | 3.62% |
| Dec 31, 2024 | 2.84% |
| Sep 30, 2024 | 4.50% |
| Jun 30, 2024 | 4.34% |
| Mar 31, 2024 | 2.74% |
| Dec 31, 2023 | 1.11% |
| Sep 30, 2023 | 3.20% |
| Jun 30, 2023 | 2.28% |
| Mar 31, 2023 | 2.58% |
| Dec 31, 2022 | 1.03% |
| Sep 30, 2022 | 2.45% |
| Jun 30, 2022 | 1.63% |
| Mar 31, 2022 | -1.25% |
| Dec 31, 2021 | -1.87% |
| Sep 30, 2021 | -1.28% |
API Access
JD.com Net 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=net-margin&ticker=JD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=JD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();