Vipshop Holdings (VIPS) Payables (2011 - 2026)
Vipshop Holdings (VIPS) recorded quarterly Payables of $947.0 million in Q1 2026, down 63.46% quarter-over-quarter from $2.6 billion in Q4 2025, and up 55.16% on a YoY basis from $610.4 million in Q1 2025.
Vipshop Holdings (VIPS) Payables (2011 - 2026) Analysis & Trends
Vipshop Holdings' Payables history runs 16 years deep, the most recent figure standing at $947.0 million for Q1 2026.
- In Q1 2026, Payables rose 55.16% year-over-year to $947.0 million; the TTM figure through Mar 2026 stood at $947.0 million (up 55.16% YoY), while the FY2025 annual figure was $2.6 billion, up 7.54% from the prior year.
- Payables was $947.0 million for Q1 2026 at Vipshop Holdings, down from $2.6 billion in the prior quarter.
- In the past five years, Payables ranged from a high of $2.6 billion in Q4 2023 to a low of $72.5 million in Q2 2023.
- Historically, Payables has averaged $955.7 million across 5 years, with a median of $610.4 million in 2025.
- The sharpest annual moves came in 2022 and 2023: Payables soared 1509.06% in 2022, then tumbled 73.11% in 2023.
- A 5-year view of Payables shows it stood at $2.5 billion in 2022, then increased by 4.24% to $2.6 billion in 2023, then declined by 5.64% to $2.4 billion in 2024, then grew by 5.83% to $2.6 billion in 2025, then plunged by 63.46% to $947.0 million in 2026.
- The last three Payables figures came in at $947.0 million (Q1 2026), $2.6 billion (Q4 2025), and $1.1 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | 124.75 Bn |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 5.04 Bn |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 268.00 Mn |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | 7.10 Bn |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | 311.00 Mn |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | 7.64 Bn |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | - |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | 1.09 Bn |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | 48.00 Mn |
| 10 | Vipshop Holdings | 225.75 Mn | -3.35 Bn | 941.60 Mn | 947.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 947.01 Mn |
| Dec 31, 2025 | 2.59 Bn |
| Sep 30, 2025 | 1.10 Bn |
| Jun 30, 2025 | 921.18 Mn |
| Mar 31, 2025 | 610.35 Mn |
| Dec 31, 2024 | 2.45 Bn |
| Sep 30, 2024 | 753.62 Mn |
| Jun 30, 2024 | 343.34 Mn |
| Mar 31, 2024 | 347.72 Mn |
| Dec 31, 2023 | 2.60 Bn |
| Sep 30, 2023 | 109.38 Mn |
| Jun 30, 2023 | 72.53 Mn |
| Mar 31, 2023 | 146.06 Mn |
| Dec 31, 2022 | 2.49 Bn |
| Sep 30, 2022 | 198.02 Mn |
| Jun 30, 2022 | 269.73 Mn |
| Mar 31, 2022 | 303.93 Mn |
| Dec 31, 2021 | 2.36 Bn |
| Sep 30, 2021 | 278.52 Mn |
| Mar 31, 2021 | 18.89 Mn |