JD.com (JDCMF) Gross Margin (2013 - 2026)
JD.com (JDCMF) reported Gross Margin of 16.73% for Q1 2026, up 84.0% year-over-year from 9.09% in Q1 2025, and up 7.02% on a QoQ basis from 15.63% in Q4 2025.
JD.com (JDCMF) has 14 years of Gross Margin data on file, last reported at 16.73% in Q1 2026.
- Quarterly Gross Margin rose 84.0% year-over-year to 16.73% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 16.18% (up 17.0% YoY) and the FY2025 annual result came in at 16.04%, up 18.0% from the prior year.
- Gross Margin advanced to 16.73% in Q1 2026 per JDCMF's latest filing, from 15.63% in the prior quarter.
- Across five years, Gross Margin topped out at 17.3% in Q3 2024 and bottomed at 13.41% in Q2 2022.
- The 5-year median for Gross Margin is 15.31% (2024), against an average of 15.28%.
- The widest annual swing landed in 2024, when Gross Margin soared 166 bps; it then plunged 51 bps in 2025.
- Tracing JDCMF's Gross Margin over 5 years: stood at 14.06% in 2022, then increased by 1 bps to 14.21% in 2023, then climbed by 8 bps to 15.31% in 2024, then rose by 2 bps to 15.63% in 2025, then gained by 7 bps to 16.73% in 2026.
- Per Business Quant, the three latest JDCMF Gross Margin figures stand at 16.73% (Q1 2026), 15.63% (Q4 2025), and 16.79% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,907.49 Bn | 2,764.40 Bn | 171.21 Bn | 94.32% |
| 2 | Mercadolibre | 85.96 Bn | 80.31 Bn | 3.86 Bn | 43.66% |
| 3 | DoorDash | 69.36 Bn | 64.50 Bn | 2.04 Bn | 50.64% |
| 4 | PDD Holdings | 66.56 Bn | 41.90 Bn | 12.81 Bn | 72.28% |
| 5 | Ebay | 48.95 Bn | 45.09 Bn | 2.29 Bn | 74.04% |
| 6 | Coupang | 30.30 Bn | 30.21 Bn | 2.30 Bn | 27.01% |
| 7 | Maplebear | 9.52 Bn | 8.83 Bn | 738.00 Mn | 72.42% |
| 8 | Wayfair | 9.47 Bn | 8.40 Bn | 880.00 Mn | 30.02% |
| 9 | Chewy | 9.33 Bn | 8.46 Bn | 959.70 Mn | 29.40% |
| 10 | JD.com | - | - | 7.66 Bn | 16.73% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.73% |
| Dec 31, 2025 | 15.63% |
| Sep 30, 2025 | 16.79% |
| Jun 30, 2025 | 15.73% |
| Mar 31, 2025 | 15.89% |
| Dec 31, 2024 | 15.31% |
| Sep 30, 2024 | 17.30% |
| Jun 30, 2024 | 15.77% |
| Mar 31, 2024 | 15.30% |
| Dec 31, 2023 | 14.21% |
| Sep 30, 2023 | 15.64% |
| Jun 30, 2023 | 14.39% |
| Mar 31, 2023 | 14.82% |
| Dec 31, 2022 | 14.06% |
| Sep 30, 2022 | 14.86% |
| Jun 30, 2022 | 13.41% |
| Mar 31, 2022 | 13.96% |
| Dec 31, 2021 | 13.45% |
| Sep 30, 2021 | 14.22% |
| Jun 30, 2021 | 12.50% |
| Mar 31, 2021 | 14.33% |
| Dec 31, 2020 | 13.88% |
| Sep 30, 2020 | 15.38% |
| Jun 30, 2020 | 14.24% |
| Mar 31, 2020 | 15.42% |
| Dec 31, 2019 | 14.06% |
| Sep 30, 2019 | 14.92% |
| Jun 30, 2019 | 14.72% |
| Mar 31, 2019 | 15.02% |
| Dec 31, 2018 | 14.22% |
| Sep 30, 2018 | 15.38% |
| Jun 30, 2018 | 13.50% |
| Mar 31, 2018 | 14.14% |
| Dec 31, 2017 | 13.03% |
| Sep 30, 2017 | 15.50% |
| Jun 30, 2017 | 13.57% |
| Mar 31, 2017 | 14.19% |
| Dec 31, 2016 | 12.98% |
| Sep 30, 2016 | 15.89% |
| Jun 30, 2016 | 14.98% |
| Mar 31, 2016 | 14.37% |
| Dec 31, 2015 | 12.99% |
| Sep 30, 2015 | 13.82% |
| Jun 30, 2015 | 12.87% |
| Mar 31, 2015 | 12.19% |
| Dec 31, 2014 | 12.70% |
| Sep 30, 2014 | 12.22% |
| Jun 30, 2014 | 11.03% |
| Mar 31, 2014 | 9.98% |
| Dec 31, 2013 | 10.14% |
| Sep 30, 2013 | 9.84% |
| Jun 30, 2013 | 8.90% |