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

JD.com has disclosed Operating Leases across 7 years of filings, most recently posting $4.7 billion for Q4 2025.

• In Q4 2025, Operating Leases rose 85.18% year-over-year to $4.7 billion; the TTM figure through Dec 2025 stood at $4.7 billion (up 85.18% YoY), while the FY2025 annual figure was $3.4 billion, up 36.64% from the prior year.
• Operating Leases rose to $4.7 billion in Q4 2025, from $2.5 billion in the prior quarter.
• Over the last five years, Operating Leases for JD reached as high as $4.7 billion in Q4 2025 and fell as low as $1.9 billion in Q4 2023.
• The 5-year median for Operating Leases is $3.2 billion (2022), against an average of $3.1 billion.
• Annual changes were most pronounced in 2021 — Operating Leases surged 106.16% — and 2023, when it plunged 40.4%.
• A 5-year view of Operating Leases shows it stood at $3.2 billion in 2021, then slipped by 0.05% to $3.2 billion in 2022, then slumped by 40.4% to $1.9 billion in 2023, then surged by 32.71% to $2.5 billion in 2024, then jumped by 85.18% to $4.7 billion in 2025.
• According to Business Quant data, Operating Leases over the past three periods registered $4.7 billion, $2.5 billion, and $1.9 billion for Q4 2025, Q4 2024, and Q4 2023 respectively.