Vipshop Holdings Income Statement (2011-2025) | VIPS

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Income Statement	Mar2011	Jun2011	Sep2011	Dec2011	Mar2012	Jun2012	Sep2012	Dec2012	Mar2013	Jun2013	Sep2013	Dec2013	Mar2014	Jun2014	Sep2014	Dec2014	Mar2015	Jun2015	Sep2015	Dec2015	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025
Revenue & cost
Revenue	28,872.04B	0.04B	0.05B	105,205,829,000.00B	101,262.02B	135,279.79B	155.94	0.30B	310,658.68B	351,289.21B	383.71	651,016,288,000.00B	701,927.98B	0.82B	0.87B	1.36B	1.39B	1.45B	1.36B	2.15B	1.89B	2.02B	1.80B	2.73B	2.32B	2.58B	2.30B	3.71B	3.17B	3.13B	2.60B	3.79B	3.18B	3.31B	2.74B	4.21B	2.65B	3.41B	3.41B	5.48B	4.33B	4.59B	3.87B	5.36B	3.98B	3.66B	3.04B	4.60B	4.01B	3.84B	3.12B	4.88B	3.83B	3.70B	2.95B	4.55B	3.62B	3.60B	3.00B
Cost of Revenue	23.95	0.03B	42,511.01B	84,211.22B	79,837.02B	105,727.01B	0.12B	0.23B	237,908.54B	268,659.46B	0.29B	0.49B	527,116.53B	623,667.70B	0.65B	1.02B	1.04B	1.09B	1.03B	1.63B	1.43B	1.53B	1.36B	2.09B	1.78B	2.01B	1.78B	2.90B	2.53B	2.52B	2.07B	3.01B	2.53B	2.57B	2.15B	3.21B	2.14B	2.71B	2.70B	4.28B	3.48B	3.66B	3.12B	4.30B	3.19B	2.91B	2.38B	3.60B	3.15B	2.99B	2.38B	3.72B	2.92B	2.83B	2.24B	3.51B	2.78B	2.76B	2.31B
Gross Profit	4.92	7.43	10.00	20,994.61B	21,425.00B	29,552.78B	34.76	0.07B	72,750.14B	82,629.75B	92,966.17B	159,426,218,000.00B	174,811.45B	205,777.38B	0.22B	0.34B	0.35B	0.36B	0.34B	0.52B	0.46B	0.49B	0.44B	0.64B	0.54B	0.57B	0.53B	0.81B	0.64B	0.61B	0.53B	0.78B	0.65B	0.74B	0.59B	1.01B	0.51B	0.70B	0.72B	1.20B	0.85B	0.92B	0.75B	1.05B	0.79B	0.75B	0.66B	1.00B	0.86B	0.86B	0.74B	1.16B	0.91B	0.87B	0.71B	1.04B	0.84B	0.85B	0.69B
Operating items
Research & Development	-493.88B	-850.12B	-1190.92B	-0.00B	-2433.16B	-2656.04B	-3218.86B	-0.01B	-7948.15B	-8656.21B	-9628.38B	-0.01B	18,660.94B	21,397.71B	-0.03B	-0.04B	0.04B	0.04B	0.04B	0.05B	-0.05B	-0.06B	-0.06B	-0.07B	-0.06B	0.07B	0.07B	0.07B	0.07B	0.08B	0.07B	0.08B	0.06B	0.06B	0.06B	-0.05B	-0.05B	-0.04B	-0.04B	-0.04B	-0.05B	-0.06B	-0.06B	-0.07B	-0.06B	-0.06B	-0.06B	-0.06B	-0.06B	-0.06B	-0.06B	-0.07B	-0.07B	-0.07B	-0.06B	-0.06B	-0.06B	-0.06B	-0.06B
Selling, General & Administrative	-3514.26B	-15198.84B	-10352.06B	-0.06B	-5756.15B	-5575.36B	-6321.34B	-0.01B	-9804.91B	-10755.08B	-11916.88B	-0.02B	24,132.19B	36,886.57B	-0.04B	-0.05B	0.05B	0.05B	0.05B	0.07B	-0.06B	-0.07B	-0.08B	-0.09B	-0.08B	0.09B	0.08B	0.12B	0.10B	0.09B	0.09B	0.12B	0.10B	0.10B	0.10B	-0.25B	-0.12B	-0.11B	-0.12B	-0.19B	-0.15B	-0.16B	-0.16B	-0.19B	-0.17B	-0.18B	-0.15B	-0.16B	-0.15B	-0.13B	-0.16B	-0.14B	-0.13B	-0.12B	-0.14B	-0.17B	-0.13B	-0.18B	-0.14B
Other Operating Expenses	-7624.85B	-10680.64B	-15875.64B	-0.03B	-22750.24B	-27133.58B	-29014.44B	-0.05B	-50825.23B	-57908.44B	-61471.29B	-0.10B	104,639.84B	128,619.41B	-0.13B	-0.20B	0.19B	0.21B	0.20B	0.31B	-0.26B	-0.27B	-0.25B	-0.37B	-0.31B	0.35B	0.32B	0.49B	0.38B	-0.44B	-0.34B	0.47B	-0.38B	-0.45B	-0.33B	-0.47B	-0.26B	-0.38B	-0.40B	-0.60B	-0.48B	-0.54B	-0.44B	-0.52B	-0.39B	-0.35B	-0.32B	-0.45B	-0.38B	-0.44B	-0.34B	-0.47B	-0.37B	-0.40B	-0.33B	-0.46B	-0.36B	-0.39B	-0.35B
Operating Expenses	-11632.99B	-26729.60B	-27418.62B	-0.08B	-30939.55B	-35364.98B	-38554.64B	-0.06B	-68578.29B	-77319.72B	-83016.54B	-0.13B	147,432.96B	186,903.69B	-0.21B	-0.29B	0.28B	0.30B	0.28B	0.42B	-0.37B	-0.40B	-0.38B	-0.53B	-0.45B	0.50B	0.47B	0.68B	0.55B	0.59B	0.50B	0.66B	0.54B	0.61B	0.47B	-0.77B	-0.42B	-0.54B	-0.58B	-0.83B	-0.67B	-0.75B	-0.66B	-0.78B	-0.62B	-0.59B	-0.51B	-0.67B	-0.59B	-0.62B	-0.55B	-0.69B	-0.57B	-0.59B	-0.54B	-0.69B	-0.55B	-0.64B	-0.55B
Operating Income	-6.71	-19301215000.00B	-0.02B	-0.06B	-8.67	-5442.59B	-3.25	0.01B	5,477.92B	6,748.04B	0.01B	0.03B	0.03B	23,707.86B	0.02B	0.06B	0.06B	0.07B	0.07B	0.12B	0.09B	0.10B	0.08B	0.14B	0.11B	0.09B	0.07B	0.14B	0.11B	0.06B	0.05B	0.15B	0.13B	0.14B	0.16B	0.26B	0.11B	0.18B	0.18B	0.40B	0.23B	0.23B	0.12B	0.29B	0.20B	0.19B	0.16B	0.36B	0.29B	0.26B	0.21B	0.52B	0.38B	0.31B	0.19B	0.39B	0.31B	0.24B	0.18B
EBIT	-6.71	-19301215000.00B	-0.02B	-0.06B	-8.67	-5442.59B	-3.25	0.01B	5,477.92B	6,748.04B	0.01B	0.03B	0.03B	23,707.86B	0.02B	0.06B	0.06B	0.07B	0.07B	0.12B	0.09B	0.10B	0.08B	0.14B	0.11B	0.09B	0.07B	0.14B	0.11B	0.06B	0.05B	0.15B	0.13B	0.14B	0.17B	0.26B	0.11B	0.18B	0.18B	0.40B	0.23B	0.23B	0.12B	0.29B	0.20B	0.19B	0.17B	0.36B	0.29B	0.27B	0.21B	0.52B	0.39B	0.31B	0.19B	0.39B	0.31B	0.23B	0.18B
Non-operating items
Other Non Operating Income		-181.21B	57.16B	0.00B	107.66B	-678.87B	424.45B	-0.00B	-222.62B	1,039.61B	287.80B	0.00B	-1057.90B	713.01B	0.00B	-0.00B	0.00B	0.00B	0.01B	0.01B	0.00B	0.00B	0.00B	0.01B	0.00B	0.01B	0.00B	0.00B	0.01B	0.01B	0.01B	0.00B	0.01B	0.00B	0.01B	-0.01B	0.01B	-0.00B	-0.01B	-0.02B	0.00B	-0.01B	0.00B	-0.01B	-0.00B	0.03B	0.05B	0.02B	-0.00B	0.04B	-0.00B	-0.01B	-0.00B	-0.01B	-0.01B	0.02B	-0.00B	-0.00B	-0.00B
Net income details
EBT	-6710.01B	-19495.30B	-17541.29B	-0.06B	-8586.24B	-5779.61B	-1456.03B	0.01B	7,691.78B	11,395.63B	16,078.72B	0.04B	35,752.65B	33,917.20B	0.04B	0.07B	0.06B	0.07B	0.07B	0.12B	0.09B	0.10B	0.08B	0.14B	0.11B	0.09B	0.07B	0.14B	0.11B	0.07B	0.06B	0.14B	0.13B	0.14B	0.17B	0.26B	0.12B	0.18B	0.18B	0.40B	0.23B	0.23B	0.12B	0.29B	0.20B	0.19B	0.17B	0.36B	0.29B	0.27B	0.21B	0.52B	0.39B	0.31B	0.19B	0.39B	0.31B	0.24B	0.18B
Tax Provisions								-0.00B	-1850.61B	-2362.46B	-4051.84B	-0.01B	10,323.49B	9,472.55B	-0.01B	-0.01B	0.01B	0.02B	0.01B	0.03B	0.02B	0.02B	0.02B	-0.03B	0.02B	0.03B	0.02B	0.03B	0.02B	0.02B	0.01B	0.03B	0.04B	0.03B	0.03B	-0.05B	-0.02B	-0.05B	-0.04B	-0.06B	-0.05B	-0.05B	-0.03B	-0.06B	-0.05B	-0.04B	-0.04B	-0.13B	-0.06B	-0.05B	-0.05B	-0.11B	-0.09B	-0.06B	-0.07B	-0.11B	-0.07B	-0.06B	-0.04B
Profit After Tax	-6710.01B	-19495.30B	-17541.29B	-0.06B	-8586.24B	-5779.61B	-1456.03B	0.01B	5,841.17B	9,033.17B	12,026.89B	0.03B	24,674.46B	22,618.96B	0.02B	0.05B	0.06B	0.06B	0.05B	0.08B	0.07B	0.07B	0.05B	0.11B	0.08B	0.05B	0.05B	0.10B	0.08B	0.10B	0.03B	0.10B	0.13B	0.12B	0.12B	0.20B	0.10B	0.22B	0.18B	0.38B	0.24B	0.17B	0.10B	0.22B	0.17B	0.19B	0.24B	0.33B	0.27B	0.29B	0.17B	0.42B	0.33B	0.27B	0.15B	0.34B	0.27B	0.21B	0.18B
Equity Income													754.71B	1,825.69B	-0.00B	-0.01B	0.00B	0.00B	0.01B	0.00B	0.00B	0.00B	0.00B	-0.00B	0.00B	0.01B	0.00B			0.05B	0.01B	-0.00B	0.03B
Net Income - Minority																								-0.01B	-0.01B	-0.00B	-0.00B	0.01B	-0.01B	-0.01B	-0.01B	0.01B	-0.01B	-0.01B		-0.06B				-0.13B
Income from Non-Controlling Interests													1,919.57B	3,767.78B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.01B	0.00B	-0.00B	-0.00B	-0.00B	-0.00B	0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.01B	-0.01B	-0.00B	-0.01B
Income from Continuing Operations	-6710.01B	-19495.30B	-17541.29B	-0.06B	-8586.24B	-5779.61B	-1456.03B	0.01B	9,542.39B	13,758.09B	20,130.56B	0.05B	25,429.17B	24,444.65B	0.05B	0.08B	0.05B	0.05B	0.05B	0.10B	0.07B	0.08B	0.06B	0.17B	0.08B	0.07B	0.05B	0.11B	0.09B	0.09B	0.08B	0.11B	0.17B	0.17B	0.20B	0.30B	0.14B	0.22B	0.22B	0.46B	0.28B	0.28B	0.15B	0.35B	0.25B	0.24B	0.21B	0.50B	0.35B	0.32B	0.26B	0.63B	0.47B	0.37B	0.25B	0.50B	0.38B	0.29B	0.22B
Consolidated Net Income	-6710.01B	-19495.30B	-17541.29B	-0.06B	-8586.24B	-5779.61B	-1456.03B	0.01B	9,542.39B	13,758.09B	20,130.56B	0.05B	25,429.17B	24,444.65B	0.05B	0.08B	0.05B	0.05B	0.05B	0.10B	0.07B	0.08B	0.06B	0.17B	0.08B	0.07B	0.05B	0.11B	0.09B	0.09B	0.08B	0.11B	0.17B	0.17B	0.20B	0.30B	0.14B	0.22B	0.22B	0.46B	0.28B	0.28B	0.15B	0.35B	0.25B	0.24B	0.21B	0.50B	0.35B	0.32B	0.26B	0.63B	0.47B	0.37B	0.25B	0.50B	0.38B	0.29B	0.22B
Income towards Parent Company	-6710.01B	-19495.30B	-17541.29B	-0.06B	-8586.24B	-5779.61B	-1456.03B	0.01B	9,542.39B	13,758.09B	20,130.56B	0.05B	25,429.17B	24,444.65B	0.05B	0.08B	0.05B	0.05B	0.05B	0.10B	0.07B	0.08B	0.06B	0.16B	0.08B	0.07B	0.05B	0.12B	0.09B	0.08B	0.07B	0.11B	0.16B	0.17B	0.20B	0.24B	0.14B	0.22B	0.22B	0.32B	0.28B	0.28B	0.15B	0.35B	0.25B	0.24B	0.21B	0.50B	0.35B	0.32B	0.26B	0.63B	0.47B	0.37B	0.25B	0.50B	0.38B	0.29B	0.22B
Net Income towards Common Stockholders	-55924.99B	-19495.30B	-17541.29B	-63524.93B	-8586.24B	-5779.61B	-1456.03B	15,821.87B	9,542.39B	13,758.09B	20,130.56B	0.05B	25,429.17B	24,444.65B	0.05B	0.08B	0.05B	0.05B	0.05B	0.10B	0.07B	0.08B	0.06B	0.16B	0.08B	0.07B	0.05B	0.12B	0.09B	0.08B	0.07B	0.11B	0.16B	0.17B	0.20B	0.24B	0.14B	0.22B	0.22B	0.32B	0.28B	0.28B	0.15B	0.35B	0.25B	0.24B	0.21B	0.50B	0.35B	0.32B	0.26B	0.63B	0.47B	0.37B	0.25B	0.50B	0.38B	0.29B	0.22B
Additional items
EPS (Basic)				-0.00B				0.00B	159.04B	171.98B	0.00B	2.78		0.00B	2.76	4.22				5.44								6.55				5.96				12.79				15.84				16.40				27.70				40.81				34.19
EPS (Weighted Average and Diluted)				-0.00B				0.00B	190.85B	171.98B	0.00B	2.78		0.00B	2.76	3.98	2.57	2.70	2.83	5.01	3.79	4.06	3.31	8.56	4.24	3.69	2.66	6.13	3.87	0.58		5.63				12.55				15.50				16.09				27.50				40.14				33.62
Shares Outstanding (Weighted Average)				0.05B				0.02B	60.00	80.00	0.02B	0.02B		0.02B	0.02B	0.02B				0.02B								0.02B				0.02B				0.02B				0.02B				0.02B				0.02B				0.02B				0.01B
Shares Outstanding (Diluted Average)				0.05B				0.02B	50.00	80.00	0.02B	0.02B		0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B		0.02B				0.02B				0.02B				0.02B				0.02B				0.02B				0.02B
EBITDA	-6.71	-19301215000.00B	-0.02B	-0.06B	-8.67	-5442.59B	-0.00B	0.01B	5,477.92B	6,748.04B	0.01B	0.03B	0.03B	23,707.86B	0.03B	0.05B	0.06B	0.07B	0.07B	0.08B	0.09B	0.10B	0.08B	0.08B	0.11B	0.09B	0.07B	0.12B	0.11B	0.06B	0.05B	0.15B	0.13B	0.14B	0.17B	0.26B	0.11B	0.18B	0.18B	0.40B	0.23B	0.23B	0.12B	0.29B	0.20B	0.19B	0.17B	0.36B	0.29B	0.27B	0.21B	0.52B	0.39B	0.31B	0.19B	0.39B	0.31B	0.23B	0.18B
Interest Expenses			-189.75B	-0.00B	-186.72B	-33.98B	-1.20B	-969.00					1,628.28B	4,681.19B	-0.00B	-0.00B										-0.00B	-0.00B	-0.00B	-0.00B	0.01B	0.01B	0.01B	0.00B	0.00B	0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B
Tax Rate								-10.01%	-24.06%	-20.73%	-25.20%	-28.82%	28.87%	27.93%	-29.54%	-14.36%	22.58%	25.72%	21.37%	20.30%	21.98%	19.87%	25.65%	-22.07%	22.52%	26.48%	21.78%	20.92%	15.40%	27.50%	24.92%	24.01%	27.42%	21.67%	17.41%	-17.53%	-20.82%	-25.84%	-20.16%	-14.82%	-20.04%	-21.26%	-27.50%	-21.30%	-22.70%	-22.92%	-22.35%	-35.96%	-19.52%	-17.07%	-23.58%	-20.96%	-22.14%	-17.99%	-35.99%	-28.46%	-22.24%	-23.88%	-23.48%

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Vipshop Holdings Income Statement (2011-2025) | VIPS

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