Vipshop Holdings Ltd (VIPS) Cost of Revenue (2011 - 2026)

Vipshop Holdings (VIPS) has reported Cost of Revenue for 16 consecutive years, with $2.9 billion the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue rose 4.64% year-over-year to $2.9 billion; the TTM figure through Mar 2026 stood at $11.6 billion (up 1.81% YoY), while the FY2025 annual figure was $11.6 billion, up 2.46% from the prior year.
• Cost of Revenue came in at $2.9 billion for Q1 2026 at Vipshop Holdings, down from $3.6 billion in the prior quarter.
• The five-year high for Cost of Revenue was $3.7 billion in Q4 2023, with the low at $2.2 billion in Q3 2024.
• Average Cost of Revenue over 5 years is $3.0 billion, with a median of $2.9 billion recorded in 2022.
• Across the five-year window, Cost of Revenue dropped 23.62% in 2022 and gained 4.64% in 2026, its largest moves.
• Year by year, Cost of Revenue stood at $3.6 billion in 2022, then gained by 3.34% to $3.7 billion in 2023, then slipped by 5.84% to $3.5 billion in 2024, then increased by 2.07% to $3.6 billion in 2025, then fell by 18.67% to $2.9 billion in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $2.9 billion, $3.6 billion, and $2.3 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.