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
DateValue
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