Vipshop Holdings (VIPS) Research & Development (2011 - 2026)
Vipshop Holdings' quarterly Research & Development came in at -$60.8 million in Q4 2025, up 5.36% year-on-year from -$57.7 million in Q4 2024, and up 1.24% quarter-over-quarter from -$61.6 million in Q3 2025.
Vipshop Holdings has reported Research & Development for 15 years, with the latest figure at -$60.8 million in Q4 2025.
- For the quarter ending Q4 2025, Research & Development rose 5.36% year-over-year to -$60.8 million; the trailing twelve-month figure through Dec 2025 stood at -$246.0 million (up 6.37% YoY), and the FY2025 full-year result was $251.0 million, down 3.19% from the prior year.
- Research & Development for Q4 2025 stood at -$60.8 million, up from -$61.6 million in the prior quarter.
- The five-year high for Research & Development was -$51.5 million in Q1 2021, with the low at -$69.9 million in Q4 2023.
- Average Research & Development over 5 years is -$61.5 million, with a median of -$61.5 million recorded in 2022.
- Year-over-year, Research & Development tumbled 66.53% in 2021 and grew 14.79% in 2022.
- Tracing VIPS's Research & Development over 5 years: stood at -$69.5 million in 2021, then gained by 14.79% to -$59.2 million in 2022, then fell by 18.05% to -$69.9 million in 2023, then grew by 8.06% to -$64.3 million in 2024, then increased by 5.36% to -$60.8 million in 2025.
- The last three Research & Development figures came in at -$60.8 million (Q4 2025), -$61.6 million (Q3 2025), and -$61.7 million (Q2 2025), per Business Quant data.
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -64.98 Mn |
| Dec 31, 2025 | -60.84 Mn |
| Sep 30, 2025 | -61.60 Mn |
| Jun 30, 2025 | -61.71 Mn |
| Mar 31, 2025 | -61.88 Mn |
| Dec 31, 2024 | -64.28 Mn |
| Sep 30, 2024 | -64.72 Mn |
| Jun 30, 2024 | -67.04 Mn |
| Mar 31, 2024 | -66.74 Mn |
| Dec 31, 2023 | -69.92 Mn |
| Sep 30, 2023 | -59.66 Mn |
| Jun 30, 2023 | -61.10 Mn |
| Mar 31, 2023 | -57.19 Mn |
| Dec 31, 2022 | -59.23 Mn |
| Sep 30, 2022 | -55.49 Mn |
| Jun 30, 2022 | -61.47 Mn |
| Mar 31, 2022 | -61.58 Mn |
| Dec 31, 2021 | -69.52 Mn |
| Sep 30, 2021 | -56.93 Mn |
| Jun 30, 2021 | -57.30 Mn |
| Mar 31, 2021 | -51.52 Mn |
| Dec 31, 2020 | -41.74 Mn |
| Sep 30, 2020 | -44.94 Mn |
| Jun 30, 2020 | -43.22 Mn |
| Mar 31, 2020 | -47.79 Mn |
| Dec 31, 2019 | -52.02 Mn |
| Sep 30, 2019 | 56.06 Mn |
| Jun 30, 2019 | 61.52 Mn |
| Mar 31, 2019 | 57.06 Mn |
| Dec 31, 2018 | 77.55 Mn |
| Sep 30, 2018 | 71.46 Mn |
| Jun 30, 2018 | 77.16 Mn |
| Mar 31, 2018 | 74.35 Mn |
| Dec 31, 2017 | 74.71 Mn |
| Sep 30, 2017 | 68.39 Mn |
| Jun 30, 2017 | 66.06 Mn |
| Mar 31, 2017 | -60.95 Mn |
| Dec 31, 2016 | -67.83 Mn |
| Sep 30, 2016 | -56.16 Mn |
| Jun 30, 2016 | -58.91 Mn |
| Mar 31, 2016 | -50.66 Mn |
| Dec 31, 2015 | 49.65 Mn |
| Sep 30, 2015 | 39.82 Mn |
| Jun 30, 2015 | 39.63 Mn |
| Mar 31, 2015 | 41.32 Mn |
| Dec 31, 2014 | -38.09 Mn |
| Sep 30, 2014 | -31.33 Mn |
| Jun 30, 2014 | 21,397.71 Bn |
| Mar 31, 2014 | 18,660.94 Bn |
| Dec 31, 2013 | -14.17 Mn |
| Sep 30, 2013 | -9,628.38 Bn |
| Jun 30, 2013 | -8,656.21 Bn |
| Mar 31, 2013 | -7,948.15 Bn |
| Dec 31, 2012 | -6.34 Mn |
| Sep 30, 2012 | -3,218.86 Bn |
| Jun 30, 2012 | -2,656.04 Bn |
| Mar 31, 2012 | -2,433.16 Bn |
| Dec 31, 2011 | -2.98 Mn |
| Sep 30, 2011 | -1,190.92 Bn |
| Jun 30, 2011 | -850.12 Bn |
| Mar 31, 2011 | -493.88 Bn |