VIPS
Income statement / Annual
Last year (2025), Vipshop Holdings Ltd's total revenue was $105.92 B,
a decrease of 2.31% from the previous year.
In 2025, Vipshop Holdings Ltd's net income was $7.24 B.
See Vipshop Holdings Ltd,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2025
|
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
| Period Ended |
12/31/2025 |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
| Operating Revenue |
$105.92 B |
$108.42 B |
$112.86 B |
$103.15 B |
$117.06 B |
$101.86 B |
$92.99 B |
$84.52 B |
$72.91 B |
$56.59 B |
| Cost of Revenue |
$81.43 B
|
$82.95 B
|
$87.14 B
|
$81.54 B
|
$93.95 B
|
$80.57 B
|
$72.31 B
|
$67.45 B
|
$56.62 B
|
$42.99 B
|
| Gross Profit |
$24.49 B
|
$25.47 B
|
$25.72 B
|
$21.62 B
|
$23.11 B
|
$21.29 B
|
$20.68 B
|
$17.07 B
|
$16.29 B
|
$13.60 B
|
| Gross Profit Ratio |
0.23
|
0.23
|
0.23
|
0.21
|
0.2
|
0.21
|
0.22
|
0.2
|
0.22
|
0.24
|
| Research and Development Expenses |
$1.76 B
|
$1.89 B
|
$1.77 B
|
$1.61 B
|
$1.52 B
|
$1.22 B
|
$1.57 B
|
$2.00 B
|
$1.81 B
|
$1.56 B
|
| General & Administrative Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$15.66 B
|
$15.32 B
|
$15.49 B
|
$14.30 B
|
$16.87 B
|
$14.86 B
|
$14.17 B
|
$13.40 B
|
$12.33 B
|
$9.68 B
|
| Other Expenses |
-$1.06 B
|
-$915.21 M
|
-$645.32 M
|
-$485.53 M
|
-$862.66 M
|
-$660.83 M
|
$170.43 M
|
-$757.06 M
|
-$531.06 M
|
-$354.03 M
|
| Operating Expenses |
$16.35 B
|
$16.30 B
|
$16.62 B
|
$15.42 B
|
$17.52 B
|
$15.43 B
|
$15.91 B
|
$14.65 B
|
$13.60 B
|
$10.89 B
|
| Cost And Expenses |
$97.78 B
|
$99.25 B
|
$103.75 B
|
$96.96 B
|
$111.48 B
|
$96.00 B
|
$88.22 B
|
$82.10 B
|
$70.22 B
|
$53.88 B
|
| Interest Income |
$779.75 M
|
$809.79 M
|
$780.29 M
|
$764.02 M
|
$671.46 M
|
$449.02 M
|
$217.03 M
|
$242.87 M
|
$101.13 M
|
$107.04 M
|
| Interest Expense |
$87.58 M
|
$57.68 M
|
$22.93 M
|
$24.26 M
|
$14.46 M
|
$67.36 M
|
$86.00 M
|
$159.74 M
|
$82.44 M
|
$85.20 M
|
| Depreciation & Amortization |
$1.42 B
|
$1.42 B
|
$1.30 B
|
$1.23 B
|
$1.11 B
|
$1.01 B
|
$846.13 M
|
$818.13 M
|
$1.06 B
|
$974.95 M
|
| EBITDA |
$9.56 B |
$10.41 B |
$10.40 B |
$7.50 B |
$6.58 B |
$6.78 B |
$6.35 B |
$3.14 B |
$3.68 B |
$3.63 B |
| EBITDA Ratio |
0.09
|
0.1
|
0.09
|
0.07
|
0.06
|
0.07
|
0.07
|
0.04
|
0.05
|
0.06
|
| Operating Income Ratio |
0.08
|
0.08
|
0.08
|
0.06
|
0.05
|
0.06
|
0.05
|
0.03
|
0.04
|
0.05
|
| Total Other Income/Expenses Net |
$1.07 B
|
$981.21 M
|
$963.17 M
|
$1.87 B
|
$333.16 M
|
$1.19 B
|
$196.61 M
|
$278.96 M
|
-$171.87 M
|
-$113.11 M
|
| Income Before Tax |
$9.21 B
|
$10.15 B
|
$10.07 B
|
$8.07 B
|
$5.92 B
|
$7.05 B
|
$4.97 B
|
$2.70 B
|
$2.52 B
|
$2.59 B
|
| Income Before Tax Ratio |
0.09
|
0.09
|
0.09
|
0.08
|
0.05
|
0.07
|
0.05
|
0.03
|
0.03
|
0.05
|
| Income Tax Expense |
$1.80 B
|
$2.32 B
|
$1.87 B
|
$1.76 B
|
$1.22 B
|
$1.13 B
|
$983.55 M
|
$566.60 M
|
$626.14 M
|
$601.83 M
|
| Net Income |
$7.24 B
|
$7.74 B
|
$8.12 B
|
$6.30 B
|
$4.68 B
|
$5.91 B
|
$4.02 B
|
$2.13 B
|
$1.95 B
|
$2.04 B
|
| Net Income Ratio |
0.07
|
0.07
|
0.07
|
0.06
|
0.04
|
0.06
|
0.04
|
0.03
|
0.03
|
0.04
|
| EPS |
14.06 |
14.59 |
14.66 |
9.9 |
6.88 |
8.75 |
6.02 |
3.12 |
3.32 |
3.51 |
| EPS Diluted |
14.15 |
14.35 |
14.42 |
9.83 |
6.75 |
8.56 |
5.9 |
3.04 |
3.19 |
3.37 |
| Weighted Average Shares Out |
$511.91 M
|
$530.38 M
|
$562.76 M
|
$693.73 M
|
$680.88 M
|
$675.39 M
|
$667.62 M
|
$682.06 M
|
$587.77 M
|
$579.79 M
|
| Weighted Average Shares Out Diluted |
$511.92 M
|
$539.28 M
|
$562.76 M
|
$693.73 M
|
$693.73 M
|
$690.18 M
|
$680.41 M
|
$700.42 M
|
$628.58 M
|
$629.09 M
|
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