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

Vipshop Holdings' Research & Development history runs 16 years deep, the most recent figure standing at -$65.0 million for 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 was -$65.0 million for Q1 2026 at Vipshop Holdings, down from -$60.8 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of -$55.5 million in Q3 2022 to a low of -$69.9 million in Q4 2023.
• Historically, Research & Development has averaged -$62.3 million across 5 years, with a median of -$61.6 million in 2025.
• Biggest YoY gain for Research & Development was 14.79% in 2022; the steepest drop was 19.54% in 2022.
• A 5-year view of Research & Development shows it stood at -$59.2 million in 2022, then declined by 18.05% to -$69.9 million in 2023, then climbed by 8.06% to -$64.3 million in 2024, then grew by 5.36% to -$60.8 million in 2025, then fell by 6.8% to -$65.0 million in 2026.
• The last three Research & Development figures came in at -$65.0 million (Q1 2026), -$60.8 million (Q4 2025), and -$61.6 million (Q3 2025), per Business Quant data.