JD.com, Inc. (JD) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — JD

Balance Sheet

(in billions CNY)

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Cash & Equivalents	137.49	108.35	10.13	78.86	70.77	86.08	5.31
Short-term Investments	10.83	125.65	118.25	141.10	114.56	60.58	24.60
Accounts Receivable	27.33	25.60	2.86	2.98	1.87	1.09	6.19
Inventory	13.65	89.33	9.59	77.95	11.86	58.93	57.93
Total Current Assets	53.54	386.70	307.81	351.07	299.67	234.80	139.09
Property, Plant & Equipment	13.06	82.74	70.04	55.08	5.17	3.46	2.97
Goodwill	3.76	25.71	2.81	23.12	12.43	10.90	0.95
Intangible Assets	7.72	7.79	0.98	9.14	5.84	6.46	0.59
Total Non-current Assets	320.78	311.54	45.23	35.40	196.84	187.49	17.33
Total Assets	695.20	698.23	628.96	86.30	496.51	64.72	37.31
Accounts Payable	26.94	192.86	166.17	23.29	22.05	106.82	90.43
Short-term Debt	1.15	7.58	5.03	12.15	0.69	--	0.00
Total Current Liabilities	43.77	299.52	265.65	266.56	221.64	174.02	20.11
Long-term Debt	41.68	--	--	--	9.49	12.97	--
Total Non-current Liabilities	95.35	85.42	9.43	7.91	4.41	4.08	2.74
Total Liabilities	401.42	384.94	332.58	46.56	249.72	200.67	22.85
Retained Earnings	12.15	76.57	6.21	4.25	5.31	37.42	(11.91)
Total Stockholder Equity	32.18	239.35	231.86	213.37	32.78	187.54	81.86

Income Statement

(in billions CNY) (except per-share rows)

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Total Revenue	1,309.09	1,158.82	152.77	1,046.24	149.33	114.30	82.86
Cost of Revenue	1,099.06	974.95	130.28	899.16	822.53	636.69	492.47
Gross Profit	210.03	183.87	159.70	21.32	129.07	109.11	12.13
Research & Development	22.23	17.03	2.31	16.89	16.33	16.15	2.10
Selling, General & Admin	1.71	8.89	9.71	11.05	11.56	6.41	0.79
Total Operating Expenses	207.25	145.13	18.83	127.35	124.93	96.77	10.83
Operating Income	2.77	38.74	3.67	19.72	0.65	12.34	8.99
Interest Expense	2.80	2.90	0.41	0.31	0.19	1.13	0.10
Pretax Income	3.62	51.54	4.46	13.87	(0.40)	50.82	13.69
Tax Provision	2.18	6.88	1.18	4.18	0.30	0.23	1.80
Net Income	23.14	44.66	3.28	9.69	(4.47)	7.56	1.71
Basic EPS	6.89	13.83	7.69	0.48	(0.18)	2.51	4.18
Diluted EPS	6.45	13.43	7.61	3.21	(1.15)	2.43	4.11

Cash Flow Statement

(in billions CNY)

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Operating Cash Flow	18.99	58.10	8.38	8.38	6.64	6.52	3.56
Capital Expenditures	7.82	5.35	4.03	0.80	0.87	--	5.32
Free Cash Flow*	11.17	52.74	4.36	7.59	5.77	--	(1.76)
Investing Cash Flow	5.98	(0.87)	(59.54)	(54.03)	(74.25)	(8.86)	(25.35)
Financing Cash Flow	(26.73)	(21.00)	(5.81)	1.18	19.50	71.07	2.57

* Derived from reported values

Dividends Per Share

(USD)

Metric	FY 2025	FY 2024	FY 2023	FY 2022
Dividends Per Share	0.50	0.38	0.31	0.63