Growth Metrics

JD.com (JDCMF) Operating Leases (2019 - 2025)

JD.com (JDCMF) reported Operating Leases of $4.7 billion for Q4 2025, up 85.18% year-over-year from $2.5 billion in Q4 2024, and up 85.18% on a QoQ basis from $2.5 billion in Q4 2024.

JD.com (JDCMF) has 7 years of Operating Leases data on file, last reported at $4.7 billion in Q4 2025.

  • Quarterly Operating Leases rose 85.18% year-over-year to $4.7 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $4.7 billion (up 85.18% YoY) and the FY2025 annual result came in at $3.4 billion, up 36.64% from the prior year.
  • Operating Leases improved to $4.7 billion in Q4 2025 per JDCMF's latest filing, from $2.5 billion in the prior quarter.
  • Across five years, Operating Leases topped out at $4.7 billion in Q4 2025 and bottomed at $1.9 billion in Q4 2023.
  • The 5-year median for Operating Leases is $3.2 billion (2022), against an average of $3.1 billion.
  • The widest annual swing landed in 2021, when Operating Leases soared 106.16%; it then plunged 40.4% in 2023.
  • Tracing JDCMF's Operating Leases over 5 years: stood at $3.2 billion in 2021, then retreated by 0.05% to $3.2 billion in 2022, then slumped by 40.4% to $1.9 billion in 2023, then soared by 32.71% to $2.5 billion in 2024, then surged by 85.18% to $4.7 billion in 2025.
  • Per Business Quant, the three latest JDCMF Operating Leases figures stand at $4.7 billion (Q4 2025), $2.5 billion (Q4 2024), and $1.9 billion (Q4 2023).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Amazon Com 2,907.49 Bn 2,764.40 Bn 171.21 Bn
2 Mercadolibre 85.96 Bn 80.31 Bn 3.86 Bn
3 DoorDash 69.36 Bn 64.50 Bn 2.04 Bn
4 PDD Holdings 66.56 Bn 41.90 Bn 12.81 Bn
5 Ebay 48.95 Bn 45.09 Bn 2.29 Bn
6 Coupang 30.30 Bn 30.21 Bn 2.30 Bn
7 Maplebear 9.52 Bn 8.83 Bn 738.00 Mn
8 Wayfair 9.47 Bn 8.40 Bn 880.00 Mn
9 Chewy 9.33 Bn 8.46 Bn 959.70 Mn
10 JD.com - - 7.66 Bn

Historic Data

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DateValue
Dec 31, 2025 4.67 Bn
Dec 31, 2024 2.52 Bn
Dec 31, 2023 1.90 Bn
Dec 31, 2022 3.19 Bn
Dec 31, 2021 3.19 Bn
Dec 31, 2020 1.55 Bn
Mar 31, 2020 481.16 Mn
Dec 31, 2019 1.24 Bn