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VIPS · NYSE · Specialty Retail

Vipshop (ADR) (VIPS)

Sells branded merchandise through online flash sales and outlet malls.

$12.50

vs last close−0.18 (−1.38%)

In millions of USD, except per-share figures · converted from CNY at the latest rate

In millions	Q3 FY23Sep 2023	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	3,397	5,174	4,126	4,011	3,085	4,958	3,920	3,851	3,189	4,846	3,942	3,702
Cost of revenue	2,594	3,946	3,149	3,064	2,346	3,820	3,012	2,947	2,457	3,735	2,978	2,828
Gross profit	803	1,229	977	946	739	1,138	908	904	733	1,111	963	874
	574	681	565	613	541	713	568	650	544	678	618	647
Research & development	65	74	72	73	68	70	67	66	65	63	66	73
	533	629	538	568	494	686	533	615	523	665	551	273
Selling & marketing	0	0	0	0	0	0	0	0	0	0	0	113
General & administrative	0	0	0	0	0	0	0	0	0	0	0	160
Other expenses	−24	−22	−45	−28	−21	−43	−32	−31	−45	−50	—	301
Operating income	229	547	412	333	198	425	340	253	188	433	346	227
	9	13	31	18	31	67	32	34	45	50	67	851
Interest income	25	31	32	29	26	34	33	29	28	25	27	27
Interest expense	0	2	2	2	2	3	2	4	4	4	4	36
Other non-operating income	0	1	−33	−20	−33	27	−33	−37	−49	−54	−72	−887
Income before tax	238	560	443	351	229	493	371	287	233	483	413	1,078
Income tax expense	54	115	92	61	71	122	76	61	45	87	77	498
Net income from continuing operations	184	445	350	290	158	371	296	226	188	396	336	580
Other adjustments	0	0	0	0	0	0	0	0	0	0	—	68
Net income	180	441	346	288	156	365	290	222	182	386	327	643
EPS, basic	$0.33	$0.81	$0.64	$0.53	$0.30	$0.71	$0.56	$0.44	$0.37	$0.78	$0.68	$1.34
EPS, diluted	$0.33	$0.80	$0.62	$0.52	$0.29	$0.70	$0.56	$0.43	$0.36	$0.76	$0.67	$1.32
Weighted average shares, basic	542	552	542	554	554	521	513	506	493	505	480	481
Weighted average shares, diluted	552	552	555	554	554	522	522	512	505	505	493	488
EBITDA	275	595	493	401	280	451	426	344	290	540	417	1,114
Depreciation & amortization	46	49	49	49	49	53	53	53	53	53	0	0
EBIT	229	546	444	353	231	398	373	291	237	487	417	1,114