JD.com (JDCMF) Operating Expenses (2013 - 2026)
JD.com (JDCMF) reported Operating Expenses of -$1.5 billion for Q1 2026, down 55.77% year-over-year from -$3.4 billion in Q1 2025, and down 5.85% on a QoQ basis from -$1.4 billion in Q4 2025.
JD.com (JDCMF) has 14 years of Operating Expenses data on file, last reported at -$1.5 billion in Q1 2026.
- Quarterly Operating Expenses fell 55.77% year-over-year to -$1.5 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$5.3 billion (down 42.56% YoY) and the FY2025 annual result came in at $4.9 billion, up 37.76% from the prior year.
- Operating Expenses eased to -$1.5 billion in Q1 2026 per JDCMF's latest filing, from -$1.4 billion in the prior quarter.
- Across five years, Operating Expenses topped out at -$833.0 million in Q1 2024 and bottomed at -$1.5 billion in Q1 2026.
- The 5-year median for Operating Expenses is -$957.0 million (2024), against an average of -$1.0 billion.
- The widest annual swing landed in 2023, when Operating Expenses advanced 18.52%; it then tumbled 55.77% in 2026.
- Tracing JDCMF's Operating Expenses over 5 years: stood at -$1.2 billion in 2022, then rose by 18.52% to -$946.0 million in 2023, then grew by 0.95% to -$937.0 million in 2024, then sank by 52.19% to -$1.4 billion in 2025, then dropped by 5.85% to -$1.5 billion in 2026.
- Per Business Quant, the three latest JDCMF Operating Expenses figures stand at -$1.5 billion (Q1 2026), -$1.4 billion (Q4 2025), and -$1.2 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,907.49 Bn | 2,764.40 Bn | 171.21 Bn | 157.67 Bn |
| 2 | Mercadolibre | 85.96 Bn | 80.31 Bn | 3.86 Bn | 3.25 Bn |
| 3 | DoorDash | 69.36 Bn | 64.50 Bn | 2.04 Bn | 3.89 Bn |
| 4 | PDD Holdings | 66.56 Bn | 41.90 Bn | 12.81 Bn | -5.87 Bn |
| 5 | Ebay | 48.95 Bn | 45.09 Bn | 2.29 Bn | 1.68 Bn |
| 6 | Coupang | 30.30 Bn | 30.21 Bn | 2.30 Bn | 8.75 Bn |
| 7 | Maplebear | 9.52 Bn | 8.83 Bn | 738.00 Mn | 556.00 Mn |
| 8 | Wayfair | 9.47 Bn | 8.40 Bn | 880.00 Mn | 891.00 Mn |
| 9 | Chewy | 9.33 Bn | 8.46 Bn | 959.70 Mn | 917.20 Mn |
| 10 | JD.com | - | - | 7.66 Bn | -1.51 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.51 Bn |
| Dec 31, 2025 | -1.43 Bn |
| Sep 30, 2025 | -1.21 Bn |
| Jun 30, 2025 | -1.18 Bn |
| Mar 31, 2025 | -969.00 Mn |
| Dec 31, 2024 | -937.00 Mn |
| Sep 30, 2024 | -957.00 Mn |
| Jun 30, 2024 | -873.00 Mn |
| Mar 31, 2024 | -833.00 Mn |
| Dec 31, 2023 | -946.00 Mn |
| Sep 30, 2023 | -859.00 Mn |
| Jun 30, 2023 | -887.00 Mn |
| Mar 31, 2023 | -974.00 Mn |
| Dec 31, 2022 | -1.16 Bn |
| Sep 30, 2022 | -948.00 Mn |
| Jun 30, 2022 | -948.00 Mn |
| Mar 31, 2022 | -1.08 Bn |
| Dec 31, 2021 | -1.23 Bn |
| Sep 30, 2021 | -1.09 Bn |
| Jun 30, 2021 | -968.69 Mn |
| Mar 31, 2021 | -1.03 Bn |
| Dec 31, 2020 | -993.31 Mn |
| Sep 30, 2020 | -839.97 Mn |
| Jun 30, 2020 | -711.49 Mn |
| Mar 31, 2020 | -755.00 Mn |
| Dec 31, 2019 | -727.23 Mn |
| Sep 30, 2019 | -689.23 Mn |
| Jun 30, 2019 | -740.27 Mn |
| Mar 31, 2019 | 750.63 Mn |
| Dec 31, 2018 | 19.75 Bn |
| Sep 30, 2018 | 15.35 Bn |
| Jun 30, 2018 | 18.64 Bn |
| Mar 31, 2018 | 15.96 Bn |
| Dec 31, 2017 | 17.18 Bn |
| Sep 30, 2017 | 12.51 Bn |
| Jun 30, 2017 | 13.81 Bn |
| Mar 31, 2017 | 10.95 Bn |
| Dec 31, 2016 | 11.62 Bn |
| Sep 30, 2016 | 9.17 Bn |
| Jun 30, 2016 | 9.87 Bn |
| Mar 31, 2016 | 8.50 Bn |
| Dec 31, 2015 | 9.09 Bn |
| Sep 30, 2015 | 7.05 Bn |
| Jun 30, 2015 | 7.52 Bn |
| Mar 31, 2015 | 6.04 Bn |
| Dec 31, 2014 | 5.72 Bn |
| Sep 30, 2014 | 4.79 Bn |
| Jun 30, 2014 | 4.74 Bn |
| Mar 31, 2014 | -4.35 Bn |
| Dec 31, 2013 | -3.35 Bn |
| Sep 30, 2013 | -2.96 Bn |
| Jun 30, 2013 | -2.87 Bn |