JD.com (JD) Return on Capital Employed (2014 - 2026)
JD.com (JD) posted quarterly Return on Capital Employed of 1.02% for Q1 2026, down 1131.0% year-over-year from 0.1% in Q1 2025, and down 264.96% quarter-over-quarter from 0.62% in Q4 2025.
Analysis
JD.com (JD) Return on Capital Employed (2014 - 2026) Analysis & Trends
JD.com (JD) has reported Return on Capital Employed for 13 consecutive years, with 1.02% the latest figure, recorded in Q1 2026.
- In Q1 2026, Return on Capital Employed fell 1131.0% year-over-year to 1.02%; the TTM figure through Mar 2026 stood at 1.02% (down 1131.0% YoY), while the FY2025 annual figure was 0.72%, down 967.0% from the prior year.
- Return on Capital Employed declined to 1.02% in Q1 2026 per JD's latest filing, from 0.62% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 10.28% in Q1 2025 and bottomed at 1.02% in Q1 2026.
- Historically, Return on Capital Employed has averaged 6.03% across 5 years, with a median of 7.25% in 2023.
- Annual changes were most pronounced in 2023 — Return on Capital Employed jumped 596 bps — and 2026, when it sank 1131 bps.
- JD.com's Return on Capital Employed stood at 6.49% in 2022, then increased by 16 bps to 7.51% in 2023, then surged by 36 bps to 10.22% in 2024, then slumped by 94 bps to 0.62% in 2025, then plunged by 265 bps to 1.02% in 2026.
- Business Quant data shows JD's Return on Capital Employed at 1.02% in Q1 2026, 0.62% in Q4 2025, and 4.27% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,735.27 Bn | 2,612.28 Bn | 198.88 Bn | 21.93% |
| 2 | PDD Holdings | 116.19 Bn | -48,010.22 Bn | 9.45 Bn | 0.03% |
| 3 | DoorDash | 98.67 Bn | 93.32 Bn | 2.35 Bn | 5.28% |
| 4 | Mercadolibre | 98.66 Bn | 83.46 Bn | 4.16 Bn | 22.76% |
| 5 | Sea | 67.43 Bn | 59.03 Bn | 3.55 Bn | 146.68% |
| 6 | Ebay | 46.79 Bn | 43.48 Bn | 2.30 Bn | 20.50% |
| 7 | JD.com | 39.63 Bn | 7.08 Bn | 16.50 Bn | 4.25% |
| 8 | Coupang | 28.43 Bn | 22.32 Bn | 2.49 Bn | -9.29% |
| 9 | Wayfair | 12.38 Bn | 11.24 Bn | 1.05 Bn | 32.77% |
| 10 | Maplebear | 11.74 Bn | 10.89 Bn | 751.00 Mn | 22.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.25% |
| Mar 31, 2026 | 4.20% |
| Dec 31, 2025 | 5.68% |
| Sep 30, 2025 | 9.39% |
| Jun 30, 2025 | 16.22% |
| Mar 31, 2025 | 16.80% |
| Dec 31, 2024 | 17.46% |
| Sep 30, 2024 | 15.45% |
| Jun 30, 2024 | 14.77% |
| Mar 31, 2024 | 12.98% |
| Dec 31, 2023 | 13.22% |
| Sep 30, 2023 | 14.04% |
| Jun 30, 2023 | 12.43% |
| Mar 31, 2023 | 9.43% |
| Dec 31, 2022 | 8.76% |
| Sep 30, 2022 | 7.11% |
| Jun 30, 2022 | 4.46% |
| Mar 31, 2022 | 2.39% |
| Dec 31, 2021 | 1.33% |
| Sep 30, 2021 | 2.57% |