Financials in USD. Standardized financial statements.
A compact view of how Vipshop Holdings Limited turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $105.92B | $108.42B | $112.86B | $103.15B | $117.06B | $101.86B | $92.99B | $84.52B | $72.91B | $56.59B |
| Revenue Growth? | -2.3% | -3.9% | +9.4% | -11.9% | +14.9% | +9.5% | +10.0% | +15.9% | +28.8% | 0.0% |
| Cost of Revenue? | $81.43B | $82.95B | $87.14B | $81.54B | $93.95B | $80.57B | $72.31B | $67.45B | $56.62B | $42.99B |
| Gross Profit? | $24.49B | $25.47B | $25.72B | $21.62B | $23.11B | $21.29B | $20.68B | $17.07B | $16.29B | $13.60B |
| Gross Margin? | +23.1% | +23.5% | +22.8% | +21.0% | +19.7% | +20.9% | +22.2% | +20.2% | +22.3% | +24.0% |
| Operating Expenses? | $16.35B | $16.30B | $16.62B | $15.42B | $17.52B | $15.43B | $15.91B | $14.65B | $13.60B | $10.89B |
| Operating Income? | $8.14B | $9.17B | $9.10B | $6.20B | $5.58B | $5.86B | $4.77B | $2.42B | $2.69B | $2.71B |
| EBITDA? | $9.56B | $10.41B | $10.40B | $7.50B | $6.58B | $6.78B | $6.35B | $3.14B | $3.68B | $3.63B |
| Income Before Tax | $9.21B | $10.15B | $10.07B | $8.07B | $5.92B | $7.05B | $4.97B | $2.70B | $2.52B | $2.59B |
| Income Tax Expense | $1.80B | $2.32B | $1.87B | $1.76B | $1.22B | $1.13B | $983.55M | $566.60M | $626.14M | $601.83M |
| Net Income? | $7.24B | $7.74B | $8.12B | $6.30B | $4.68B | $5.91B | $4.02B | $2.13B | $1.95B | $2.04B |
| EPS? | $14.06 | $14.59 | $14.66 | $9.90 | $6.88 | $8.75 | $6.02 | $3.12 | $3.32 | $3.51 |
| Diluted EPS? | $14.15 | $14.35 | $14.42 | $9.83 | $6.75 | $8.56 | $5.90 | $3.04 | $3.19 | $3.37 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality