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
DateValue
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