Vipshop Holdings Ltd (VIPS) Research & Development (2011 - 2026)

Vipshop Holdings (VIPS) has reported Research & Development for 16 consecutive years, with -$65.0 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Research & Development fell 5.0% year-over-year to -$65.0 million; the TTM figure through Mar 2026 stood at -$249.1 million (up 3.41% YoY), while the FY2025 annual figure was $251.0 million, down 3.19% from the prior year.
• Research & Development came in at -$65.0 million for Q1 2026 at Vipshop Holdings, down from -$60.8 million in the prior quarter.
• The five-year high for Research & Development was -$55.5 million in Q3 2022, with the low at -$69.9 million in Q4 2023.
• Average Research & Development over 5 years is -$62.3 million, with a median of -$61.6 million recorded in 2025.
• The largest YoY upside for Research & Development was 14.79% in 2022 against a maximum downside of 19.54% in 2022.
• Year by year, Research & Development stood at -$59.2 million in 2022, then decreased by 18.05% to -$69.9 million in 2023, then rose by 8.06% to -$64.3 million in 2024, then gained by 5.36% to -$60.8 million in 2025, then slipped by 6.8% to -$65.0 million in 2026.
• According to Business Quant data, Research & Development over the past three periods registered -$65.0 million, -$60.8 million, and -$61.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.