JD.com (JD) Notes Payables (2013 - 2025)
JD.com (JD) posted quarterly Notes Payables of $1.2 billion for Q1 2026, up 105.83% year-over-year from $583.0 million in Q1 2025, and up 6.2% quarter-over-quarter from $1.1 billion in Q4 2025.
Analysis
JD.com (JD) Notes Payables (2013 - 2025) Analysis & Trends
JD.com (JD) has reported Notes Payables for 14 consecutive years, with $1.2 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Notes Payables rose 105.83% year-over-year to $1.2 billion; the TTM figure through Mar 2026 stood at $1.2 billion (up 105.83% YoY), while the FY2025 annual figure was $1.1 billion, up 10.3% from the prior year.
- Notes Payables rose to $1.2 billion in Q1 2026 per JD's latest filing, from $1.1 billion in the prior quarter.
- Across five years, Notes Payables topped out at $2.7 billion in Q1 2022 and bottomed at $583.0 million in Q1 2025.
- Historically, Notes Payables has averaged $1.6 billion across 5 years, with a median of $1.7 billion in 2022.
- Annual changes were most pronounced in 2022 — Notes Payables surged 2256.95% — and 2024, when it plunged 64.94%.
- JD.com's Notes Payables 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 advanced by 7.06% to $1.1 billion in 2025, then climbed by 6.2% to $1.2 billion in 2026.
- Business Quant data shows JD's Notes Payables at $1.2 billion in Q1 2026, $1.1 billion in Q4 2025, and $2.4 billion in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Amazon Com | 2,742.86 Bn | 2,619.88 Bn | 198.88 Bn |
| 2 | PDD Holdings | 116.24 Bn | -48,010.17 Bn | 9.45 Bn |
| 3 | Mercadolibre | 99.45 Bn | 84.25 Bn | 4.16 Bn |
| 4 | DoorDash | 98.02 Bn | 92.67 Bn | 2.35 Bn |
| 5 | Sea | 67.10 Bn | 58.70 Bn | 3.55 Bn |
| 6 | Ebay | 46.73 Bn | 43.42 Bn | 2.30 Bn |
| 7 | JD.com | 39.68 Bn | 7.13 Bn | 16.50 Bn |
| 8 | Coupang | 28.45 Bn | 22.34 Bn | 2.49 Bn |
| 9 | Wayfair | 12.37 Bn | 11.23 Bn | 1.05 Bn |
| 10 | Maplebear | 11.75 Bn | 10.90 Bn | 751.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 1.13 Bn |
| Dec 31, 2024 | 1.06 Bn |
| Dec 31, 2023 | 699.16 Mn |
| Dec 31, 2022 | 1.71 Bn |
| Dec 31, 2021 | 683.20 Mn |
| Dec 31, 2020 | 88.27 Mn |
| Dec 31, 2019 | 45.11 Mn |
| Jun 30, 2019 | 20.03 Mn |
| Mar 31, 2019 | 139.27 Mn |
| Dec 31, 2018 | 21.30 Mn |
| Sep 30, 2018 | 165.64 Mn |
| Dec 31, 2017 | 30.23 Mn |
| Sep 30, 2017 | 150.30 Mn |
| Jun 30, 2017 | 220.34 Mn |
| Mar 31, 2017 | 1.80 Bn |
| Dec 31, 2016 | 275.29 Mn |
| Sep 30, 2016 | 887.27 Mn |
| Jun 30, 2016 | 900.48 Mn |
| Mar 31, 2016 | 810.56 Mn |
| Dec 31, 2015 | 476.50 Mn |