JD.com (JD) Payables (2013 - 2026)
JD.com (JD) posted quarterly Payables of $28.2 billion for Q1 2026, up 13.37% year-over-year from $24.9 billion in Q1 2025, and up 1.92% quarter-over-quarter from $27.7 billion in Q4 2025.
Analysis
JD.com (JD) Payables (2013 - 2026) Analysis & Trends
JD.com (JD) has reported Payables for 14 consecutive years, with $28.2 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Payables rose 13.37% year-over-year to $28.2 billion; the TTM figure through Mar 2026 stood at $28.2 billion (up 13.37% YoY), while the FY2025 annual figure was $27.3 billion, changed 0.48% from the prior year.
- Payables improved to $28.2 billion in Q1 2026 per JD's latest filing, from $27.7 billion in the prior quarter.
- Across five years, Payables topped out at $30.9 billion in Q2 2025 and bottomed at $19.8 billion in Q1 2023.
- Historically, Payables has averaged $25.2 billion across 5 years, with a median of $24.6 billion in 2022.
- Annual changes were most pronounced in 2022 — Payables jumped 48.41% — and 2023, when it decreased 12.03%.
- JD.com's Payables stood at $24.3 billion in 2022, then dropped by 2.11% to $23.8 billion in 2023, then gained by 17.36% to $27.9 billion in 2024, then retreated by 0.77% to $27.7 billion in 2025, then advanced by 1.92% to $28.2 billion in 2026.
- Business Quant data shows JD's Payables at $28.2 billion in Q1 2026, $27.7 billion in Q4 2025, and $28.9 billion in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,746.20 Bn | 2,623.21 Bn | 198.88 Bn | 147.44 Bn |
| 2 | PDD Holdings | 116.28 Bn | -48,010.13 Bn | 9.45 Bn | 11.48 Bn |
| 3 | DoorDash | 98.95 Bn | 93.61 Bn | 2.35 Bn | 301.00 Mn |
| 4 | Mercadolibre | 98.90 Bn | 83.71 Bn | 4.16 Bn | 5.74 Bn |
| 5 | Sea | 67.51 Bn | 59.11 Bn | 3.55 Bn | 814.22 Mn |
| 6 | Ebay | 46.90 Bn | 43.59 Bn | 2.30 Bn | 353.00 Mn |
| 7 | JD.com | 39.64 Bn | 7.09 Bn | 16.50 Bn | 33.63 Bn |
| 8 | Coupang | 28.35 Bn | 22.24 Bn | 2.49 Bn | 8.31 Bn |
| 9 | Wayfair | 12.44 Bn | 11.30 Bn | 1.05 Bn | 1.32 Bn |
| 10 | Maplebear | 11.73 Bn | 10.88 Bn | 751.00 Mn | 62.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.63 Bn |
| Mar 31, 2026 | 27.03 Bn |
| Dec 31, 2025 | 27.69 Bn |
| Sep 30, 2025 | 26.52 Bn |
| Jun 30, 2025 | 29.27 Bn |
| Mar 31, 2025 | 24.31 Bn |
| Dec 31, 2024 | 27.90 Bn |
| Sep 30, 2024 | 22.67 Bn |
| Jun 30, 2024 | 25.17 Bn |
| Mar 31, 2024 | 20.53 Bn |
| Dec 31, 2023 | 23.78 Bn |
| Sep 30, 2023 | 21.23 Bn |
| Jun 30, 2023 | 21.70 Bn |
| Mar 31, 2023 | 17.75 Bn |
| Dec 31, 2022 | 24.29 Bn |
| Sep 30, 2022 | 22.02 Bn |
| Jun 30, 2022 | 24.25 Bn |
| Mar 31, 2022 | 19.73 Bn |
| Dec 31, 2021 | 22.66 Bn |
| Sep 30, 2021 | 19.55 Bn |