Earnings ·
Vipshop Holdings Limited reported unaudited financial results for the second quarter ended June 30, 2026
VIPSVipshop Holdings Ltd
Vipshop Holdings Limited reported unaudited financial results for the second quarter ended June 30, 2026. Total net revenues decreased 4.3% year-over-year to RMB24.7 billion (US$3.6 billion), while gross profit fell to RMB5.8 billion from RMB6.1 billion in the prior year period. Net income attributable to shareholders surged 189.1% to RMB4.3 billion, driven by a one-off investment gain of RMB5.79 billion from the listing of a commercial REIT. Non-GAAP net income declined significantly to RMB392.2 million due to a one-time withholding tax adjustment. The company also announced a new US$1.0 billion share repurchase program authorized on August 20, 2026, effective after the current program is fully utilized. Vipshop operates as an off-price retailer in China.