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.
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,942.84 Bn | 2,819.86 Bn | 198.88 Bn | 147.44 Bn |
| 2 | PDD Holdings | 507.66 Bn | 448.11 Bn | 9.83 Bn | 14.01 Bn |
| 3 | Mercadolibre | 97.39 Bn | 82.19 Bn | 4.16 Bn | 5.74 Bn |
| 4 | DoorDash | 93.67 Bn | 88.33 Bn | 2.35 Bn | 301.00 Mn |
| 5 | JD.com | 87.53 Bn | 58.35 Bn | 7.66 Bn | 28.22 Bn |
| 6 | Sea | 77.98 Bn | 69.46 Bn | 3.15 Bn | 1.24 Bn |
| 7 | Ebay | 47.41 Bn | 44.11 Bn | 2.30 Bn | 353.00 Mn |
| 8 | Coupang | 29.58 Bn | 23.47 Bn | 2.49 Bn | 8.31 Bn |
| 9 | Zkh | 15.88 Bn | 15.88 Bn | 51.11 Mn | 359,133.42 |
| 10 | Wayfair | 13.67 Bn | 12.52 Bn | 1.05 Bn | 1.32 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.22 Bn |
| Dec 31, 2025 | 27.69 Bn |
| Sep 30, 2025 | 28.90 Bn |
| Jun 30, 2025 | 30.88 Bn |
| Mar 31, 2025 | 24.89 Bn |
| Dec 31, 2024 | 27.90 Bn |
| Sep 30, 2024 | 24.54 Bn |
| Mar 31, 2024 | 21.07 Bn |
| Dec 31, 2023 | 23.78 Bn |
| Sep 30, 2023 | 23.13 Bn |
| Jun 30, 2023 | 24.27 Bn |
| Mar 31, 2023 | 19.76 Bn |
| Dec 31, 2022 | 24.29 Bn |
| Sep 30, 2022 | 24.65 Bn |
| Jun 30, 2022 | 26.34 Bn |
| Mar 31, 2022 | 22.46 Bn |
| Dec 31, 2021 | 22.66 Bn |
| Sep 30, 2021 | 20.63 Bn |
| Jun 30, 2021 | 19.89 Bn |
| Mar 31, 2021 | 15.14 Bn |