Vipshop Holdings (VIPS) Net Margin (2011 - 2026)
Vipshop Holdings' quarterly Net Margin came in at 11.73% in Q4 2025, down 20.0% year-on-year from 14.66% in Q4 2024, and up 43.59% quarter-over-quarter from 8.17% in Q3 2025.
Vipshop Holdings has reported Net Margin for 15 years, with the latest figure at 11.73% in Q4 2025.
- For the quarter ending Q4 2025, Net Margin fell 20.0% year-over-year to 11.73%; the trailing twelve-month figure through Dec 2025 stood at 10.26% (down 119.0% YoY), and the FY2025 full-year result was 6.65%, down 48.0% from the prior year.
- Net Margin for Q4 2025 stood at 11.73%, up from 8.17% in the prior quarter.
- The five-year high for Net Margin was 13.74% in Q4 2023, with the low at 4.18% in Q3 2021.
- Average Net Margin over 5 years is 9.14%, with a median of 9.01% recorded in 2023.
- Year-over-year, Net Margin sank 246 bps in 2021 and surged 453 bps in 2022.
- Tracing VIPS's Net Margin over 5 years: stood at 6.89% in 2021, then surged by 66 bps to 11.42% in 2022, then gained by 20 bps to 13.74% in 2023, then declined by 13 bps to 11.93% in 2024, then retreated by 2 bps to 11.73% in 2025.
- The last three Net Margin figures came in at 11.73% (Q4 2025), 8.17% (Q3 2025), and 8.86% (Q2 2025), per Business Quant data.
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.54% |
| Dec 31, 2025 | 11.73% |
| Sep 30, 2025 | 8.17% |
| Jun 30, 2025 | 8.86% |
| Mar 31, 2025 | 11.48% |
| Dec 31, 2024 | 11.93% |
| Sep 30, 2024 | 9.42% |
| Jun 30, 2024 | 10.61% |
| Mar 31, 2024 | 13.24% |
| Dec 31, 2023 | 13.74% |
| Sep 30, 2023 | 9.09% |
| Jun 30, 2023 | 8.93% |
| Mar 31, 2023 | 9.22% |
| Dec 31, 2022 | 11.42% |
| Sep 30, 2022 | 7.25% |
| Jun 30, 2022 | 6.89% |
| Mar 31, 2022 | 6.59% |
| Dec 31, 2021 | 6.89% |
| Sep 30, 2021 | 4.18% |
| Jun 30, 2021 | 6.32% |
| Mar 31, 2021 | 6.77% |
| Dec 31, 2020 | 6.17% |
| Sep 30, 2020 | 6.64% |
| Jun 30, 2020 | 6.81% |
| Mar 31, 2020 | 5.59% |
| Dec 31, 2019 | 6.01% |
| Sep 30, 2019 | 7.78% |
| Jun 30, 2019 | 5.34% |
| Mar 31, 2019 | 2.66% |
| Dec 31, 2018 | 3.14% |
| Sep 30, 2018 | 2.73% |
| Jun 30, 2018 | 2.67% |
| Mar 31, 2018 | 3.81% |
| Dec 31, 2017 | 3.06% |
| Sep 30, 2017 | 4.02% |
| Jun 30, 2017 | 4.77% |
| Mar 31, 2017 | 5.68% |
| Dec 31, 2016 | 6.03% |
| Sep 30, 2016 | 5.85% |
| Jun 30, 2016 | 6.15% |
| Mar 31, 2016 | 6.21% |
| Dec 31, 2015 | 4.50% |
| Sep 30, 2015 | 6.55% |
| Jun 30, 2015 | 6.43% |
| Mar 31, 2015 | 5.99% |
| Dec 31, 2014 | 5.84% |
| Sep 30, 2014 | 5.41% |
| Jun 30, 2014 | 3,041,052.05% |
| Mar 31, 2014 | 3,649,510.23% |
| Dec 31, 2013 | 0.00% |
| Sep 30, 2013 | 5,280,709.79% |
| Jun 30, 2013 | 3.92% |
| Mar 31, 2013 | 3.11% |
| Dec 31, 2012 | 5.32% |
| Sep 30, 2012 | -933,682,319,699.43% |
| Jun 30, 2012 | -4.27% |
| Mar 31, 2012 | -8.48% |
| Dec 31, 2011 | -60,381,565.93% |
| Sep 30, 2011 | -33,407,348.48% |
| Jun 30, 2011 | -48,068,017.30% |
| Mar 31, 2011 | -193.70% |