Other Revenues was Vipshop Holdings’s largest revenue line in fiscal 2025, bringing in $8.52B of $13.64B (62%).
| Products and Services | FY 2011 | FY 2012 | FY 2013 | FY 2015 | FY 2016 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Product Revenues | $97.25B | $100.73B | — | |||||||||
| Other Revenues | — | — | $8.52B | |||||||||
| Apparel | — | — | — | |||||||||
| Toys, Kids & Baby | — | — | — | |||||||||
| Service | $4.43B | $4.96B | $5.12B | |||||||||
| Home Goods & Other Lifestyle Products | — | — | — | |||||||||
| Shoes & Bags | — | — | — | |||||||||
| Other Goods | — | — | — | |||||||||
| Cosmetics | — | — | — | |||||||||
| Lease | $2.30B | $2.73B | — | |||||||||
| Sportswear & Sporting Goods | — | — | — | |||||||||
| Total | $103.98B | $108.42B | $13.64B |
Vipshop Holdings brought in $13.64B from its two revenue lines in fiscal 2025, the year ended December 31, 2025. Vipshop Holdings regrouped these revenue lines after fiscal 2024, so the total does not compare directly with that year's $108.42B. Other Revenues was the largest at $8.52B (62.5%), ahead of Service at $5.12B (37.5%).
Vipshop Holdings stopped reporting Product Revenues ($100.73B in fiscal 2024) and Lease ($2.73B in fiscal 2024) as separate revenue lines.
Vip.Com was Vipshop Holdings’s largest segment in fiscal 2024, bringing in $104.38B of $108.63B (96%).
| Segment | FY 2015 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2024 |
|---|---|---|---|---|---|---|---|
| Vip.Com | $114.19B | $99.63B | $104.38B | ||||
| Others | $3.20B | — | — | ||||
| Shan Shan Outlets | $1.58B | $1.81B | $3.28B | ||||
| Other | — | $1.72B | $962.19M | ||||
| Internet Finance Business | — | — | — | ||||
| Total | $118.97B | $103.15B | $108.63B |
Vipshop Holdings brought in $108.63B from its three segments in fiscal 2024, the year ended December 31, 2024. That was up 5.3% from $103.15B in fiscal 2022, the previous year with figures. Vip.Com was the largest at $104.38B (96.1%), ahead of Shan Shan Outlets at $3.28B (3.0%) and Other at $962.19M (0.9%).
Compared with fiscal 2022, the previous year with figures, Shan Shan Outlets grew 81.6% to $3.28B and Vip.Com grew 4.8% to $104.38B.
Vipshop Holdings began breaking out Other in fiscal 2022, when it brought in $1.72B. Vipshop Holdings stopped reporting Others as a separate segment after fiscal 2021, when it brought in $3.20B.
Revenues Recognized At A Point In Time was Vipshop Holdings’s largest revenue line in fiscal 2024, bringing in $103.08B of $108.42B (95%).
| Timing of Transfer of Good or Service | FY 2024 |
|---|---|
| Revenues Recognized At A Point In Time | $103.08B |
| Revenues Recognized Over Time | $5.34B |
| Total | $108.42B |
Vipshop Holdings brought in $108.42B from its two revenue lines in fiscal 2024, the year ended December 31, 2024. Revenues Recognized At A Point In Time was the largest at $103.08B (95.1%), ahead of Revenues Recognized Over Time at $5.34B (4.9%).
Vipshop Holdings (VIPS) reports its revenue by products and services, by segment and by timing of transfer of good or service. In fiscal 2025, Other Revenues was its largest revenue line, bringing in $8.52B (62.5% of the total), followed by Service at $5.12B (37.5%).
Other Revenues was Vipshop Holdings' largest revenue line in fiscal 2025, bringing in $8.52B, or 62.5% of the $13.64B total across its two revenue lines.
Vip.Com was Vipshop Holdings' largest segment in fiscal 2024, bringing in $104.38B, or 96.1% of the $108.63B total across its three segments.
Every figure comes from Vipshop Holdings' annual financial filings, as reported. Each line keeps the name Vipshop Holdings gives it, and years follow its fiscal calendar.
Vipshop Holdings' revenue by products and services goes back to fiscal 2011, 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.