Growth Metrics

Vipshop Holdings (VIPS) Gross Margin (2016 - 2025)

Historic Gross Margin for Vipshop Holdings (VIPS) over the last 15 years, with Q3 2025 value amounting to 22.97%.

  • Vipshop Holdings' Gross Margin fell 10000.0% to 22.97% in Q3 2025 from the same period last year, while for Sep 2025 it was 23.13%, marking a year-over-year decrease of 6000.0%. This contributed to the annual value of 23.49% for FY2024, which is 7000.0% up from last year.
  • Per Vipshop Holdings' latest filing, its Gross Margin stood at 22.97% for Q3 2025, which was down 10000.0% from 23.46% recorded in Q2 2025.
  • Vipshop Holdings' 5-year Gross Margin high stood at 23.97% for Q3 2024, and its period low was 19.43% during Q3 2021.
  • Its 5-year average for Gross Margin is 21.97%, with a median of 22.25% in 2023.
  • In the last 5 years, Vipshop Holdings' Gross Margin crashed by -22700bps in 2021 and then skyrocketed by 22400bps in 2022.
  • Over the past 5 years, Vipshop Holdings' Gross Margin (Quarter) stood at 19.67% in 2021, then rose by 10bps to 21.73% in 2022, then grew by 9bps to 23.74% in 2023, then dropped by -3bps to 22.96% in 2024, then increased by 0bps to 22.97% in 2025.
  • Its last three reported values are 22.97% in Q3 2025, 23.46% for Q2 2025, and 23.15% during Q1 2025.