JD.com (JDCMF) Operating Margin (2013 - 2026)
JD.com (JDCMF) reported Operating Margin of 1.21% for Q1 2026, down 229.0% year-over-year from 0.93% in Q1 2025, and up 172.68% on a QoQ basis from 1.66% in Q4 2025.
JD.com (JDCMF) has 14 years of Operating Margin data on file, last reported at 1.21% in Q1 2026.
- Quarterly Operating Margin fell 229.0% year-over-year to 1.21% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.29% (down 377.0% YoY) and the FY2025 annual result came in at 0.21%, down 313.0% from the prior year.
- Operating Margin grew to 1.21% in Q1 2026 per JDCMF's latest filing, from 1.66% in the prior quarter.
- Across five years, Operating Margin topped out at 4.63% in Q3 2024 and bottomed at 1.66% in Q4 2025.
- The 5-year median for Operating Margin is 2.45% (2024), against an average of 1.98%.
- The widest annual swing landed in 2022, when Operating Margin surged 241 bps; it then plunged 498 bps in 2025.
- Tracing JDCMF's Operating Margin over 5 years: stood at 1.64% in 2022, then sank by 60 bps to 0.66% in 2023, then surged by 270 bps to 2.45% in 2024, then plunged by 168 bps to 1.66% in 2025, then soared by 173 bps to 1.21% in 2026.
- Per Business Quant, the three latest JDCMF Operating Margin figures stand at 1.21% (Q1 2026), 1.66% (Q4 2025), and 0.35% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,907.49 Bn | 2,764.40 Bn | 171.21 Bn | 13.14% |
| 2 | Mercadolibre | 85.96 Bn | 80.31 Bn | 3.86 Bn | 6.91% |
| 3 | DoorDash | 69.36 Bn | 64.50 Bn | 2.04 Bn | 3.74% |
| 4 | PDD Holdings | 66.56 Bn | 41.90 Bn | 12.81 Bn | 22.37% |
| 5 | Ebay | 48.95 Bn | 45.09 Bn | 2.29 Bn | 19.78% |
| 6 | Coupang | 30.30 Bn | 30.21 Bn | 2.30 Bn | -2.85% |
| 7 | Maplebear | 9.52 Bn | 8.83 Bn | 738.00 Mn | 17.86% |
| 8 | Wayfair | 9.47 Bn | 8.40 Bn | 880.00 Mn | -0.38% |
| 9 | Chewy | 9.33 Bn | 8.46 Bn | 959.70 Mn | 1.30% |
| 10 | JD.com | - | - | 7.66 Bn | 1.21% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.21% |
| Dec 31, 2025 | -1.66% |
| Sep 30, 2025 | -0.35% |
| Jun 30, 2025 | -0.24% |
| Mar 31, 2025 | 3.50% |
| Dec 31, 2024 | 2.45% |
| Sep 30, 2024 | 4.63% |
| Jun 30, 2024 | 3.61% |
| Mar 31, 2024 | 2.96% |
| Dec 31, 2023 | 0.66% |
| Sep 30, 2023 | 3.76% |
| Jun 30, 2023 | 2.87% |
| Mar 31, 2023 | 2.65% |
| Dec 31, 2022 | 1.64% |
| Sep 30, 2022 | 3.58% |
| Jun 30, 2022 | 1.40% |
| Mar 31, 2022 | 1.01% |
| Dec 31, 2021 | -0.14% |
| Sep 30, 2021 | 1.18% |
| Jun 30, 2021 | 0.12% |
| Mar 31, 2021 | 0.82% |
| Dec 31, 2020 | 0.27% |
| Sep 30, 2020 | 2.52% |
| Jun 30, 2020 | 2.51% |
| Mar 31, 2020 | 1.59% |
| Dec 31, 2019 | 0.31% |
| Sep 30, 2019 | 3.69% |
| Jun 30, 2019 | 1.51% |
| Mar 31, 2019 | 1.01% |
| Dec 31, 2018 | 0.70% |
| Sep 30, 2018 | 0.62% |
| Jun 30, 2018 | 0.85% |
| Mar 31, 2018 | 4,363.30% |
| Dec 31, 2017 | 1.45% |
| Sep 30, 2017 | 0.60% |
| Jun 30, 2017 | 0.43% |
| Mar 31, 2017 | 1.11% |
| Dec 31, 2016 | 0.63% |
| Sep 30, 2016 | 0.69% |
| Jun 30, 2016 | 0.55% |
| Mar 31, 2016 | 1.60% |
| Dec 31, 2015 | 7.78% |
| Sep 30, 2015 | 1.51% |
| Jun 30, 2015 | 1.57% |
| Mar 31, 2015 | 2.25% |
| Dec 31, 2014 | 2.18% |
| Sep 30, 2014 | 1.40% |
| Jun 30, 2014 | 2.75% |
| Mar 31, 2014 | -17.00% |
| Dec 31, 2013 | -1.31% |
| Sep 30, 2013 | -0.45% |
| Jun 30, 2013 | -1.33% |