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

Vipshop Holdings (VIPS) has reported Net Margin for 16 consecutive years, with 9.07% the latest figure, recorded in Q1 2026.

• In Q1 2026, Net Margin rose 107.0% year-over-year to 9.07%; the TTM figure through Mar 2026 stood at 7.72% (up 31.0% YoY), while the FY2025 annual figure was 6.84%, down 30.0% from the prior year.
• Net Margin came in at 9.07% for Q1 2026 at Vipshop Holdings, up from 8.65% in the prior quarter.
• The five-year high for Net Margin was 9.1% in Q4 2023, with the low at 4.58% in Q1 2022.
• Average Net Margin over 5 years is 7.31%, with a median of 7.7% recorded in 2024.
• Across the five-year window, Net Margin jumped 566 bps in 2022 and slumped 260 bps in 2023, its largest moves.
• Year by year, Net Margin stood at 7.47% in 2022, then gained by 22 bps to 9.1% in 2023, then slipped by 13 bps to 7.92% in 2024, then gained by 9 bps to 8.65% in 2025, then increased by 5 bps to 9.07% in 2026.
• According to Business Quant data, Net Margin over the past three periods registered 9.07%, 8.65%, and 6.3% for Q1 2026, Q4 2025, and Q3 2025 respectively.