Vipshop Holdings (VIPS) Operating Leases (2019 - 2026)

Vipshop Holdings has reported Operating Leases for 7 years, with the latest figure at $78.5 million in Q4 2025.

• For the quarter ending Q4 2025, Operating Leases fell 4.72% year-over-year to $78.5 million; the trailing twelve-month figure through Dec 2025 stood at $78.5 million (down 4.72% YoY), and the FY2025 full-year result was $79.6 million, down 1.8% from the prior year.
• Operating Leases for Q4 2025 stood at $78.5 million, down from $82.1 million in the prior quarter.
• The five-year high for Operating Leases was $190.8 million in Q1 2021, with the low at $78.5 million in Q4 2025.
• Average Operating Leases over 5 years is $106.4 million, with a median of $98.0 million recorded in 2023.
• Year-over-year, Operating Leases plunged 41.34% in 2022 and declined 0.75% in 2025.
• Tracing VIPS's Operating Leases over 5 years: stood at $149.0 million in 2021, then slipped by 21.42% to $117.1 million in 2022, then slipped by 18.26% to $95.7 million in 2023, then slipped by 13.91% to $82.4 million in 2024, then declined by 4.72% to $78.5 million in 2025.
• The last three Operating Leases figures came in at $78.5 million (Q4 2025), $82.1 million (Q3 2025), and $82.9 million (Q2 2025), per Business Quant data.

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