JD.com (JD) Operating Expenses (2013 - 2026)

JD.com (JD) has reported Operating Expenses for 14 consecutive years, with -$1.5 billion the latest figure, recorded in Q1 2026.

• In Q1 2026, Operating Expenses fell 55.97% year-over-year to -$1.5 billion; the TTM figure through Mar 2026 stood at -$5.5 billion (down 43.4% YoY), while the FY2025 annual figure was $4.6 billion, up 33.03% from the prior year.
• Operating Expenses climbed to -$1.5 billion in Q1 2026 per JD's latest filing, from -$1.6 billion in the prior quarter.
• Across five years, Operating Expenses topped out at -$833.0 million in Q1 2024 and bottomed at -$1.6 billion in Q4 2025.
• Historically, Operating Expenses has averaged -$1.1 billion across 5 years, with a median of -$985.1 million in 2022.
• Annual changes were most pronounced in 2024 — Operating Expenses increased 24.69% — and 2026, when it sank 55.97%.
• JD.com's Operating Expenses stood at -$1.2 billion in 2022, then declined by 19.64% to -$1.4 billion in 2023, then grew by 24.69% to -$1.0 billion in 2024, then slumped by 54.11% to -$1.6 billion in 2025, then climbed by 6.37% to -$1.5 billion in 2026.
• Business Quant data shows JD's Operating Expenses at -$1.5 billion in Q1 2026, -$1.6 billion in Q4 2025, and -$1.2 billion in Q3 2025.