Vipshop Holdings Ltd (VIPS) Gross Margin (2011 - 2026)

Vipshop Holdings (VIPS) has reported Gross Margin for 16 consecutive years, with 26.69% the latest figure, recorded in Q1 2026.

• In Q1 2026, Gross Margin rose 166.0% year-over-year to 26.69%; the TTM figure through Mar 2026 stood at 25.56% (up 34.0% YoY), while the FY2025 annual figure was 23.12%, down 37.0% from the prior year.
• Gross Margin came in at 26.69% for Q1 2026 at Vipshop Holdings, up from 24.86% in the prior quarter.
• The five-year high for Gross Margin was 26.69% in Q1 2026, with the low at 20.93% in Q1 2022.
• Average Gross Margin over 5 years is 24.42%, with a median of 25.04% recorded in 2025.
• Across the five-year window, Gross Margin surged 256 bps in 2024 and tumbled 84 bps in 2025, its largest moves.
• Year by year, Gross Margin stood at 23.07% in 2022, then gained by 10 bps to 25.38% in 2023, then slipped by 3 bps to 24.69% in 2024, then grew by 1 bps to 24.86% in 2025, then gained by 7 bps to 26.69% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 26.69%, 24.86%, and 25.35% for Q1 2026, Q4 2025, and Q3 2025 respectively.