Vipshop Holdings (VIPS) Operating Income (2011 - 2026)
Vipshop Holdings (VIPS) recorded quarterly Operating Income of $362.1 million in Q1 2026, down 12.65% quarter-over-quarter from $414.5 million in Q4 2025, and up 15.41% on a YoY basis from $313.8 million in Q1 2025.
Vipshop Holdings (VIPS) Operating Income (2011 - 2026) Analysis & Trends
Vipshop Holdings' Operating Income history runs 16 years deep, the most recent figure standing at $362.1 million for Q1 2026.
- In Q1 2026, Operating Income rose 15.41% year-over-year to $362.1 million; the TTM figure through Mar 2026 stood at $1.2 billion (down 0.84% YoY), while the FY2025 annual figure was $1.2 billion, down 7.42% from the prior year.
- Operating Income was $362.1 million for Q1 2026 at Vipshop Holdings, down from $414.5 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of $516.7 million in Q4 2023 to a low of $159.9 million in Q3 2022.
- Historically, Operating Income has averaged $292.3 million across 5 years, with a median of $289.1 million in 2023.
- The sharpest annual moves came in 2023 and 2024: Operating Income jumped 42.91% in 2023, then dropped 24.4% in 2024.
- A 5-year view of Operating Income shows it stood at $363.8 million in 2022, then jumped by 42.02% to $516.7 million in 2023, then fell by 24.4% to $390.6 million in 2024, then gained by 6.12% to $414.5 million in 2025, then dropped by 12.65% to $362.1 million in 2026.
- The last three Operating Income figures came in at $362.1 million (Q1 2026), $414.5 million (Q4 2025), and $177.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | 23.85 Bn |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 611.00 Mn |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 151.00 Mn |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | 3.96 Bn |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | 611.00 Mn |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | -242.00 Mn |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | -3.26 Mn |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | -11.00 Mn |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | 182.00 Mn |
| 10 | Vipshop Holdings | 225.75 Mn | -3.35 Bn | 941.60 Mn | 362.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 362.10 Mn |
| Dec 31, 2025 | 414.53 Mn |
| Sep 30, 2025 | 177.33 Mn |
| Jun 30, 2025 | 237.02 Mn |
| Mar 31, 2025 | 313.75 Mn |
| Dec 31, 2024 | 390.62 Mn |
| Sep 30, 2024 | 189.51 Mn |
| Jun 30, 2024 | 307.19 Mn |
| Mar 31, 2024 | 382.21 Mn |
| Dec 31, 2023 | 516.67 Mn |
| Sep 30, 2023 | 210.21 Mn |
| Jun 30, 2023 | 264.30 Mn |
| Mar 31, 2023 | 289.14 Mn |
| Dec 31, 2022 | 363.80 Mn |
| Sep 30, 2022 | 159.88 Mn |
| Jun 30, 2022 | 189.35 Mn |
| Mar 31, 2022 | 202.33 Mn |
| Dec 31, 2021 | 287.12 Mn |
| Sep 30, 2021 | 119.62 Mn |
| Jun 30, 2021 | 227.75 Mn |