Vipshop Holdings (VIPS) Return on Capital Employed (2012 - 2026)
Vipshop Holdings (VIPS) recorded quarterly Return on Capital Employed of 17.55% in Q1 2026, up 3.36% quarter-over-quarter from 16.98% in Q4 2025, and down 140.0% on a YoY basis from 43.89% in Q1 2025.
Vipshop Holdings (VIPS) Return on Capital Employed (2012 - 2026) Analysis & Trends
Vipshop Holdings' Return on Capital Employed history runs 15 years deep, the most recent figure standing at 17.55% for Q1 2026.
- In Q1 2026, Return on Capital Employed fell 140.0% year-over-year to 17.55%; the TTM figure through Mar 2026 stood at 17.55% (down 140.0% YoY), while the FY2025 annual figure was 4.95%, down 1557.0% from the prior year.
- Return on Capital Employed was 17.55% for Q1 2026 at Vipshop Holdings, up from 16.98% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 25.68% in Q4 2023 to a low of 13.82% in Q1 2022.
- Historically, Return on Capital Employed has averaged 19.51% across 5 years, with a median of 18.95% in 2025.
- The sharpest annual moves came in 2023 and 2025: Return on Capital Employed jumped 709 bps in 2023, then plunged 658 bps in 2025.
- A 5-year view of Return on Capital Employed shows it stood at 19.77% in 2022, then grew by 30 bps to 25.68% in 2023, then fell by 18 bps to 21.17% in 2024, then fell by 20 bps to 16.98% in 2025, then grew by 3 bps to 17.55% in 2026.
- The last three Return on Capital Employed figures came in at 17.55% (Q1 2026), 16.98% (Q4 2025), and 17.77% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,624.51 Bn | 2,481.43 Bn | 171.21 Bn | 12.12% |
| 2 | Mercadolibre | 83.29 Bn | 77.64 Bn | 3.86 Bn | 23.76% |
| 3 | DoorDash | 67.87 Bn | 63.01 Bn | 2.04 Bn | 5.26% |
| 4 | PDD Holdings | 64.68 Bn | 40.01 Bn | 12.81 Bn | 0.03% |
| 5 | Ebay | 48.60 Bn | 44.74 Bn | 2.29 Bn | 18.13% |
| 6 | Coupang | 29.01 Bn | 28.92 Bn | 2.30 Bn | 0.97% |
| 7 | Zkh | 16.33 Bn | 16.33 Bn | 285.30 Mn | 246,132.27% |
| 8 | Maplebear | 10.11 Bn | 9.42 Bn | 738.00 Mn | 20.87% |
| 9 | Wayfair | 9.36 Bn | 8.30 Bn | 880.00 Mn | 11.64% |
| 10 | Vipshop Holdings | 225.75 Mn | -3.35 Bn | 941.60 Mn | 17.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.55% |
| Dec 31, 2025 | 16.98% |
| Sep 30, 2025 | 17.77% |
| Jun 30, 2025 | 18.06% |
| Mar 31, 2025 | 18.95% |
| Dec 31, 2024 | 21.17% |
| Sep 30, 2024 | 24.35% |
| Jun 30, 2024 | 23.23% |
| Mar 31, 2024 | 23.31% |
| Dec 31, 2023 | 25.68% |
| Sep 30, 2023 | 22.25% |
| Jun 30, 2023 | 21.04% |
| Mar 31, 2023 | 18.02% |
| Dec 31, 2022 | 19.77% |
| Sep 30, 2022 | 15.16% |
| Jun 30, 2022 | 14.56% |
| Mar 31, 2022 | 13.82% |
| Dec 31, 2021 | 16.97% |
| Mar 31, 2021 | 17.99% |
| Dec 31, 2020 | 20.17% |