JD.com (JDCMF) Research & Development (2013 - 2026)
JD.com (JDCMF) reported Research & Development of -$995.0 million for Q1 2026, down 56.2% year-over-year from -$2.3 billion in Q1 2025, and down 4.41% on a QoQ basis from -$953.0 million in Q4 2025.
JD.com (JDCMF) has 14 years of Research & Development data on file, last reported at -$995.0 million in Q1 2026.
- Quarterly Research & Development fell 56.2% year-over-year to -$995.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$3.5 billion (down 42.43% YoY) and the FY2025 annual result came in at $3.2 billion, up 36.26% from the prior year.
- Research & Development fell to -$995.0 million in Q1 2026 per JDCMF's latest filing, from -$953.0 million in the prior quarter.
- Across five years, Research & Development topped out at -$520.0 million in Q3 2023 and bottomed at -$995.0 million in Q1 2026.
- The 5-year median for Research & Development is -$611.0 million (2023), against an average of -$664.2 million.
- The widest annual swing landed in 2023, when Research & Development increased 11.85%; it then plunged 58.57% in 2025.
- Tracing JDCMF's Research & Development over 5 years: stood at -$633.0 million in 2022, then increased by 3.48% to -$611.0 million in 2023, then gained by 1.64% to -$601.0 million in 2024, then tumbled by 58.57% to -$953.0 million in 2025, then declined by 4.41% to -$995.0 million in 2026.
- Per Business Quant, the three latest JDCMF Research & Development figures stand at -$995.0 million (Q1 2026), -$953.0 million (Q4 2025), and -$793.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,907.49 Bn | 2,764.40 Bn | 171.21 Bn | 29.57 Bn |
| 2 | Mercadolibre | 85.96 Bn | 80.31 Bn | 3.86 Bn | 699.00 Mn |
| 3 | DoorDash | 69.36 Bn | 64.50 Bn | 2.04 Bn | 398.00 Mn |
| 4 | PDD Holdings | 66.56 Bn | 41.90 Bn | 12.81 Bn | -714.26 Mn |
| 5 | Ebay | 48.95 Bn | 45.09 Bn | 2.29 Bn | 450.00 Mn |
| 6 | Coupang | 30.30 Bn | 30.21 Bn | 2.30 Bn | - |
| 7 | Maplebear | 9.52 Bn | 8.83 Bn | 738.00 Mn | 164.00 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 | -995.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -995.00 Mn |
| Dec 31, 2025 | -953.00 Mn |
| Sep 30, 2025 | -793.00 Mn |
| Jun 30, 2025 | -740.00 Mn |
| Mar 31, 2025 | -637.00 Mn |
| Dec 31, 2024 | -601.00 Mn |
| Sep 30, 2024 | -626.00 Mn |
| Jun 30, 2024 | -580.00 Mn |
| Mar 31, 2024 | -559.00 Mn |
| Dec 31, 2023 | -611.00 Mn |
| Sep 30, 2023 | -520.00 Mn |
| Jun 30, 2023 | -562.00 Mn |
| Mar 31, 2023 | -610.00 Mn |
| Dec 31, 2022 | -633.00 Mn |
| Sep 30, 2022 | -579.00 Mn |
| Jun 30, 2022 | -601.00 Mn |
| Mar 31, 2022 | -692.00 Mn |
| Dec 31, 2021 | -644.18 Mn |
| Sep 30, 2021 | -621.41 Mn |
| Jun 30, 2021 | -572.04 Mn |
| Mar 31, 2021 | -691.34 Mn |
| Dec 31, 2020 | -690.18 Mn |
| Sep 30, 2020 | -604.86 Mn |
| Jun 30, 2020 | -510.06 Mn |
| Mar 31, 2020 | -556.00 Mn |
| Dec 31, 2019 | -515.82 Mn |
| Sep 30, 2019 | -501.58 Mn |
| Jun 30, 2019 | -542.74 Mn |
| Mar 31, 2019 | 553.78 Mn |
| Dec 31, 2018 | 509.35 Mn |
| Sep 30, 2018 | 502.15 Mn |
| Jun 30, 2018 | 420.21 Mn |
| Mar 31, 2018 | 384.69 Mn |
| Dec 31, 2017 | 316.75 Mn |
| Sep 30, 2017 | 263.94 Mn |
| Jun 30, 2017 | 228.11 Mn |
| Mar 31, 2017 | 226.17 Mn |
| Dec 31, 2016 | 211.45 Mn |
| Sep 30, 2016 | 219.33 Mn |
| Jun 30, 2016 | 201.46 Mn |
| Mar 31, 2016 | 172.35 Mn |
| Dec 31, 2015 | 166.73 Mn |
| Sep 30, 2015 | 139.21 Mn |
| Jun 30, 2015 | 126.55 Mn |
| Mar 31, 2015 | 113.63 Mn |
| Dec 31, 2014 | 99.76 Mn |
| Sep 30, 2014 | 83.41 Mn |
| Jun 30, 2014 | 67.70 Mn |
| Mar 31, 2014 | -46.82 Mn |
| Dec 31, 2013 | -45.35 Mn |
| Sep 30, 2013 | -41.06 Mn |
| Jun 30, 2013 | -35.46 Mn |