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Vipshop Holdings (VIPS) Operating Margin: 2010-2024

Historic Operating Margin for Vipshop Holdings (VIPS) over the last 15 years, with FY2024 value amounting to 8.46%.

  • Vipshop Holdings' Operating Margin rose 8000.0% to 1.54% in Q3 2025 from the same period last year, while for Sep 2025 it was 1.02%, marking a year-over-year increase of 1100.0%. This contributed to the annual value of 8.46% for FY2024, which is 3900.0% up from last year.
  • Latest data reveals that Vipshop Holdings reported Operating Margin of 8.46% as of FY2024, which was up 3900.0% from 8.07% recorded in FY2023.
  • Over the past 5 years, Vipshop Holdings' Operating Margin peaked at 8.46% during FY2024, and registered a low of 4.77% during FY2021.
  • Moreover, its 5-year median value for Operating Margin was 6.01% (2022), whereas its average is 6.61%.
  • As far as peak fluctuations go, Vipshop Holdings' Operating Margin tumbled by -9800bps in 2021, and later soared by 20600bps in 2023.
  • Over the past 5 years, Vipshop Holdings' Operating Margin (Annual) stood at 5.75% in 2020, then dropped by -17bps to 4.77% in 2021, then rose by 26bps to 6.01% in 2022, then skyrocketed by 34bps to 8.07% in 2023, then rose by 5bps to 8.46% in 2024.
  • Its Operating Margin was 8.46% in FY2024, compared to 8.07% in FY2023 and 6.01% in FY2022.