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Vipshop Holdings (VIPS) Gross Margin: 2010-2024

Historic Gross Margin for Vipshop Holdings (VIPS) over the last 15 years, with FY2024 value amounting to 23.49%.

  • Vipshop Holdings' Gross Margin fell 8400.0% to 25.35% in Q3 2025 from the same period last year, while for Sep 2025 it was 25.32%, marking a year-over-year decrease of 1800.0%. This contributed to the annual value of 23.49% for FY2024, which is 7000.0% up from last year.
  • Vipshop Holdings' Gross Margin amounted to 23.49% in FY2024, which was up 7000.0% from 22.79% recorded in FY2023.
  • In the past 5 years, Vipshop Holdings' Gross Margin registered a high of 23.49% during FY2024, and its lowest value of 19.74% during FY2021.
  • Moreover, its 5-year median value for Gross Margin was 20.96% (2022), whereas its average is 21.57%.
  • Per our database at Business Quant, Vipshop Holdings' Gross Margin crashed by -13400bps in 2020 and then skyrocketed by 18400bps in 2023.
  • Annual analysis of 5 years shows Vipshop Holdings' Gross Margin stood at 20.9% in 2020, then decreased by -6bps to 19.74% in 2021, then grew by 6bps to 20.96% in 2022, then rose by 9bps to 22.79% in 2023, then grew by 3bps to 23.49% in 2024.
  • Its Gross Margin stands at 23.49% for FY2024, versus 22.79% for FY2023 and 20.96% for FY2022.