JD.com (JD) Operating Leases (2019 - 2025)

JD.com (JD) has reported Operating Leases for 7 consecutive years, with $4.7 billion the latest figure, recorded in Q4 2025.

• In Q4 2025, Operating Leases rose 30.4% year-over-year to $4.7 billion; the TTM figure through Dec 2025 stood at $4.7 billion (up 30.4% YoY), while the FY2025 annual figure was $3.4 billion, up 36.64% from the prior year.
• Operating Leases grew to $4.7 billion in Q4 2025 per JD's latest filing, from $3.6 billion in the prior quarter.
• Across five years, Operating Leases topped out at $4.7 billion in Q4 2025 and bottomed at $3.0 billion in Q4 2023.
• Historically, Operating Leases has averaged $3.5 billion across 5 years, with a median of $3.2 billion in 2021.
• Annual changes were most pronounced in 2021 — Operating Leases surged 34.06% — and 2023, when it slipped 6.6%.
• JD.com's Operating Leases stood at $3.2 billion in 2021, then dropped by 0.05% to $3.2 billion in 2022, then declined by 6.6% to $3.0 billion in 2023, then gained by 20.26% to $3.6 billion in 2024, then surged by 30.4% to $4.7 billion in 2025.
• Business Quant data shows JD's Operating Leases at $4.7 billion in Q4 2025, $3.6 billion in Q4 2024, and $3.0 billion in Q4 2023.