JD.com (JD) Operating Leases (2019 - 2025)
JD.com (JD) posted quarterly Operating Leases of $4.7 billion for Q4 2025, up 30.4% year-over-year from $3.6 billion in Q4 2024, and up 30.4% quarter-over-quarter from $3.6 billion in Q4 2024.
JD.com (JD) Operating Leases (2019 - 2025) Analysis & Trends
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.
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| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Amazon Com | 2,934.50 Bn | 2,811.51 Bn | 198.88 Bn |
| 2 | PDD Holdings | 507.07 Bn | 447.53 Bn | 9.83 Bn |
| 3 | Mercadolibre | 97.53 Bn | 82.34 Bn | 4.16 Bn |
| 4 | DoorDash | 93.15 Bn | 87.80 Bn | 2.35 Bn |
| 5 | JD.com | 87.38 Bn | 58.20 Bn | 7.66 Bn |
| 6 | Sea | 78.04 Bn | 69.52 Bn | 3.15 Bn |
| 7 | Ebay | 47.73 Bn | 44.42 Bn | 2.30 Bn |
| 8 | Coupang | 29.85 Bn | 23.74 Bn | 2.49 Bn |
| 9 | Zkh | 16.25 Bn | 16.25 Bn | 51.11 Mn |
| 10 | Wayfair | 13.70 Bn | 12.56 Bn | 1.05 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 4.67 Bn |
| Dec 31, 2024 | 3.58 Bn |
| Dec 31, 2023 | 2.98 Bn |
| Dec 31, 2022 | 3.19 Bn |
| Dec 31, 2021 | 3.19 Bn |
| Dec 31, 2020 | 2.38 Bn |
| Mar 31, 2020 | 481.16 Mn |
| Dec 31, 2019 | 1.24 Bn |
| Sep 30, 2019 | 803.07 Mn |