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JD · NASDAQ · Specialty Retail

JD.com (ADR) (JD)

Combines inventory-led retail, a marketplace and self-built logistics across China.

$27.39
vs last close+0.11 (+0.40%)
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JD.com, Inc.JD
Consumer Discretionary

Combines inventory-led online retail, marketplace and marketing services, and integrated logistics in a China-centered platform. Owning warehouses and delivery capacity supports product authenticity and rapid fulfillment, while the Cayman holding-company structure depends on contractual control of regulated Chinese operations.

Combines first-party online retail with a marketplace, marketing services and an owned fulfillment network. JD Retail sells merchandise from inventory, while JD Logistics provides warehousing, distribution and integrated supply-chain services to internal and external customers.

Operations are centered in China, with newer international activity and New Businesses spanning health, industrials and property. Direct sourcing, inventory control and self-built delivery infrastructure support product authenticity and rapid fulfillment.

The listed issuer is a Cayman holding company that relies on contractual arrangements with variable interest entities for regulated Chinese operations. Founder Richard Qiangdong Liu retains concentrated voting control, while Chinese cybersecurity, data, antitrust and offshore-listing rules shape operating permissions and continued market access.

Company facts

CEOSandy Ran Xu
ListedMay 22, 2014
ExchangeNASDAQ
HeadquartersBeijing, China
CountryChina
Employees776,682
CIK0001549802
ISINUS47215P1066

Market cap$38.30B
EPS (ttm)$1.52
P/E (ttm)17.99
ROE6.6%
P/B1.17
P/S0.1955
Dividend yieldDiv yield3.67%
Beta0.79vs XLY 0.27

Price target$37.00+35.6%Average of 46 analysts
ConsensusBuy32 of 46 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 7, 2026Arete ResearchTarget
Target: $37
Target: $30
Aug 14, 2026Mizuho SecuritiesTarget
Target: $41
Target: $39
Jul 13, 2026MacquarieTarget
Target: $35
Target: $37
Jun 24, 2026DaiwaDowngrade
Rating: Hold
Rating: Neutral
Jun 24, 2026Daiwa CapitalDowngrade
Rating: Buy
Rating: Hold

Next report
Nov 12, 26
in 51 days
EPS estimate
$0.97
Revenue estimate
$46.59B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$1.02$1.16$0.69$0.52$0.08$0.74$0.93Pending
Estimate$0.90$1.05$0.50$0.46$0.07$0.57$0.86$0.97
Surprise+13.3%+10.5%+38.0%+13.0%+14.3%+29.8%+8.1%—

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$47.52B$41.35B$49.74B$42.00B$50.36B$45.75B$50.98BPending
Estimate$40.16B$40.31B$46.73B$49.69B$50.26B$45.16B$50.38B$46.59B
Surprise+18.3%+2.6%+6.4%−15.5%+0.2%+1.3%+1.2%—
Estimate$0.97
ReportedDue Nov 12, 2026
Estimate$46.59B
ReportedDue Nov 12, 2026
View details

Debt to equity48.10%
Current ratio114.10%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$38.93B$51.88B$45.02B$53.33B$44.72B$52.67B$46.92B$51.65B
Net income$1.75B$1.47B$1.63B$923.7M$788.9M−$405.6M$758.2M$1.06B
Net margin4.5%2.8%3.6%1.7%1.8%0.0%1.6%2.1%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$1.80B$1.27B$1.57B−$128.4M−$157.1M−$874.5M$565.8M$617.7M
YoY growth+29.5%+319.3%+36.8%Turned lossTurned lossTurned loss−64.1%Turned profit

Balance sheet, Jun 30, 2026Cash & short-term investments $35.16B · Total debt $15.75B · Total assets $108.50B · Shareholders' equity $32.77B

Revenue
$51.65B
Operating income
$617.7M
Net income
$1.06B

Reported in CNY, converted at the latest exchange rate

View details

Dividend yield
3.67%
Next ex-date
Apr 9, 27
estimated · in 199 days
Annual dividend
$1.00
per share
Schedule
Annual
one payment a year

HistoryDividendAnnual yield

————Apr '23Apr '24Apr '25Apr '26
Dividend————$0.62$0.76$1.00$1.00
Annual yield————1.53%2.91%3.03%3.53%
Ex-date————Apr 5Apr 4Apr 8Apr 9
Payment date————May 4Apr 29Apr 29Apr 29
View details

Institutions14.48%203.24M ADS
497 holders · as of Jun 30, 2026
Insiders23.83%334.55M ADS
12 holders · as of Aug 17, 2026
Other61.69%866.06M ADS
remainder

1.40B ADS (1 ADS = 2 ordinary shares) as of Sep 7, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count is from the company's Dec 2023 annual report; nothing newer is on file here.

This company has 2 share classes; every stake here is a share of the whole company.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Richard Qiangdong LiuInsider
12.90%181.16Mfiled May 13, 2025
Qiangdong Liu1,2Insiderdirector
10.89%305.63M B ordinaryfiled May 15, 2026
Hillhouse Capital Management, Ltd.Institution
3.50%49.09Mfiled Feb 14, 2018
FIL LtdInstitution
0.98%13.73M A ADSas of Jun 30, 2026
Dodge & CoxInstitution
0.87%12.19M A ADSas of Jun 30, 2026
  1. Qiangdong Liu reports a block also reported by another filer; it is counted once, under that filer.
  2. Qiangdong Liu reports a block also reported by Newlands Management Operations LLC; it is counted once, under Newlands Management Operations LLC.

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

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Compare

CompanyPriceChange
JD.com (ADR)$27.39+0.40%$38.30B18.08.60.2+2.5%
Alibaba Group (ADR)$116.48+0.63%$277.46B26.317.71.8+14.7%
PDD (ADR)$79.98+0.86%$112.87B8.49.01.7+14.0%
Vipshop (ADR)$12.60+0.76%$6.15B4.05.60.4+1.1%
Amazon$254.83−1.40%$2.78T20.827.33.6+19.6%
Median14.613.31.7+14.4%