Jd Retail was JD.com’s largest segment in fiscal 2025, bringing in $1,126.40B of $1,309.09B (86%).
| Segment | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jd Retail | $929.93B | $945.34B | $1,015.95B | $1,126.40B | ||||||||
| Jd Mall | — | — | — | — | ||||||||
| Jd Logistics | $137.40B | $166.63B | $182.84B | $217.15B | ||||||||
| New Businesses | $29.81B | $26.62B | $19.16B | $49.28B | ||||||||
| Unallocated Items | — | — | — | — | ||||||||
| Inter-Segment | -$50.90B | -$53.92B | -$59.12B | -$83.74B | ||||||||
| Total | $1,046.24B | $1,084.66B | $1,158.82B | $1,309.09B |
JD.com brought in $1,309.09B from its four segments in fiscal 2025, the year ended December 31, 2025. That was up 13.0% from $1,158.82B in fiscal 2024. Jd Retail was the largest at $1,126.40B (86.0%), ahead of Jd Logistics at $217.15B (16.6%) and New Businesses at $49.28B (3.8%).
Compared with fiscal 2024, New Businesses grew fastest, up 157.3% to $49.28B. Every segment above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these segments grew from $1,046.24B to $1,309.09B, a compound annual growth rate of 7.8%. Jd Retail's share of the total fell from 88.9% to 86.0%.
The total is net of Inter-Segment, which took $83.74B off revenue in fiscal 2025.
Electronics & Home Appliance Products was JD.com’s largest product and service line in fiscal 2025, bringing in $605.13B of $1,309.09B (46%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Electronics & Home Appliance Products | $515.95B | $538.80B | $564.98B | $605.13B | ||||||
| General Merchandise Products | $349.12B | $332.43B | $363.03B | $418.67B | ||||||
| Logistics & Other Services | $99.20B | $128.71B | $140.70B | $178.15B | ||||||
| Online Marketplace & Marketing Services | $81.97B | $84.73B | $90.11B | $107.13B | ||||||
| Marketplace & Advertising Services | — | — | — | — | ||||||
| Total | $1,046.24B | $1,084.66B | $1,158.82B | $1,309.09B |
JD.com brought in $1,309.09B from its four product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 13.0% from $1,158.82B in fiscal 2024. Electronics & Home Appliance Products was the largest at $605.13B (46.2%), ahead of General Merchandise Products at $418.67B (32.0%) and Logistics & Other Services at $178.15B (13.6%). The remaining line, Online Marketplace & Marketing Services, brought in $107.13B.
Compared with fiscal 2024, Logistics & Other Services grew fastest, up 26.6% to $178.15B. Every line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these lines grew from $1,046.24B to $1,309.09B, a compound annual growth rate of 7.8%. Electronics & Home Appliance Products' share of the total fell from 49.3% to 46.2%.
JD.com (JD) reports its revenue by segment and by product and service. In fiscal 2025, Jd Retail was its largest segment, bringing in $1,126.40B (86.0% of the total), followed by Jd Logistics at $217.15B (16.6%).
Jd Retail was JD.com's largest segment in fiscal 2025, bringing in $1,126.40B, or 86.0% of the $1,309.09B total across its four segments.
Electronics & Home Appliance Products was JD.com's largest product and service line in fiscal 2025, bringing in $605.13B, or 46.2% of the $1,309.09B total across its four product and service lines.
Among JD.com's segments that make up at least 2% of revenue, New Businesses grew fastest in fiscal 2025, up 157.3% from $19.16B to $49.28B.
Every figure comes from JD.com's annual financial filings, as reported. Each line keeps the name JD.com gives it, and years follow its fiscal calendar.
JD.com's revenue by segment goes back to fiscal 2014, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.