Vipshop Holdings (VIPS) Tax Rate (2012 - 2026)

Vipshop Holdings (VIPS) recorded quarterly Tax Rate of 20.63% in Q1 2026, down 3.62% quarter-over-quarter from 19.91% in Q4 2025, and up 161.0% on a YoY basis from 7.9% in Q1 2025.

Vipshop Holdings (VIPS) Tax Rate (2012 - 2026) Analysis & Trends

Vipshop Holdings' Tax Rate history runs 15 years deep, the most recent figure standing at 20.63% for Q1 2026.

  • In Q1 2026, Tax Rate rose 161.0% year-over-year to 20.63%; the TTM figure through Mar 2026 stood at 21.45% (up 386.0% YoY), while the FY2025 annual figure was 20.18%, down 264.0% from the prior year.
  • Tax Rate was 20.63% for Q1 2026 at Vipshop Holdings, down from 19.91% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 17.07% in Q2 2023 to a low of 35.99% in Q3 2024.
  • Historically, Tax Rate has averaged 23.52% across 5 years, with a median of 22.35% in 2022.
  • The sharpest annual moves came in 2022 and 2023: Tax Rate tumbled 1466 bps in 2022, then jumped 1500 bps in 2023.
  • A 5-year view of Tax Rate shows it stood at 35.96% in 2022, then surged by 42 bps to 20.96% in 2023, then slumped by 36 bps to 28.46% in 2024, then surged by 30 bps to 19.91% in 2025, then declined by 4 bps to 20.63% in 2026.
  • The last three Tax Rate figures came in at 20.63% (Q1 2026), 19.91% (Q4 2025), and 23.48% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Amazon Com 2,551.03 Bn 2,407.94 Bn 171.21 Bn 24.00%
2 Mercadolibre 82.72 Bn 77.07 Bn 3.86 Bn 27.98%
3 DoorDash 72.09 Bn 67.22 Bn 2.04 Bn 4.19%
4 PDD Holdings 62.92 Bn 38.25 Bn 12.81 Bn -30.47%
5 Ebay 48.30 Bn 44.44 Bn 2.29 Bn 17.15%
6 Coupang 34.44 Bn 34.35 Bn 2.30 Bn -4.31%
7 Zkh 14.36 Bn 14.36 Bn 285.30 Mn 5.40%
8 Wayfair 10.72 Bn 9.65 Bn 880.00 Mn -0.96%
9 Maplebear 10.27 Bn 9.58 Bn 738.00 Mn 23.40%
10 Vipshop Holdings 225.75 Mn -3.35 Bn 941.60 Mn -20.63%

Historic Data

Download Data
DateValue
Mar 31, 2026 -20.63%
Mar 31, 2026 -20.63%
Dec 31, 2025 -19.91%
Dec 31, 2025 -19.91%
Sep 30, 2025 -23.48%
Sep 30, 2025 -23.48%
Jun 30, 2025 -23.88%
Jun 30, 2025 -23.88%
Mar 31, 2025 -22.24%
Mar 31, 2025 -22.24%
Dec 31, 2024 -28.46%
Dec 31, 2024 -28.46%
Sep 30, 2024 -35.99%
Sep 30, 2024 -35.99%
Jun 30, 2024 -17.99%
Jun 30, 2024 -17.99%
Mar 31, 2024 -22.14%
Mar 31, 2024 -22.14%
Dec 31, 2023 -20.96%
Dec 31, 2023 -20.96%