Income Statement - Vipshop Holdings Ltd (VIPS)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 105,919.55 | 108,420.83 | 112,856.02 | 103,152.49 | 117,059.68 | 101,858.49 | 92,994.42 | 84,523.95 | 72,912.31 | 56,591.30 | 40,203.21 | 23,129.31 | 10,420.79 | 4,314.15 | 1,427.59 | 216.10 | 19.15 |
| Cost of revenue | 81,429.23 | 82,951.18 | 87,135.13 | 81,536.41 | 93,953.12 | 80,573.18 | 72,314.19 | 67,454.98 | 56,618.47 | 42,994.69 | 30,306.72 | 17,378.04 | 7,916.30 | 3,351.26 | 1,155.19 | 194.83 | 17.59 |
| Gross profit | 24,490.32 | 25,469.65 | 25,720.89 | 21,616.08 | 23,106.56 | 21,285.31 | 20,680.23 | 17,068.97 | 16,293.84 | 13,596.61 | 9,896.49 | 5,751.27 | 2,504.50 | 962.89 | 272.40 | 21.28 | 1.56 |
| Total operating expenses | 16,354.37 | 16,296.40 | 16,616.76 | 15,418.63 | 17,524.14 | 15,425.22 | 15,906.85 | 14,647.85 | 13,603.40 | 10,888.91 | 7,825.94 | 4,917.58 | 2,173.90 | 1,038.32 | 944.38 | 76.77 | 10.99 |
| Operating income | 8,135.95 | 9,173.25 | 9,104.14 | 6,197.45 | 5,582.42 | 5,860.09 | 4,773.37 | 2,421.11 | 2,690.45 | 2,707.71 | 2,070.55 | 833.69 | 330.60 | -78.09 | -671.98 | -55.49 | -9.43 |
| Non-operating income (net) | 1,072.66 | 981.21 | 963.17 | 1,873.20 | 333.16 | 1,189.29 | 196.61 | 278.96 | -171.87 | -113.11 | -104.09 | 163.94 | 104.55 | 23.45 | -2.22 | 0.00 | 0.00 |
| Income before tax | 9,208.60 | 10,154.46 | 10,067.30 | 8,070.65 | 5,915.58 | 7,049.37 | 4,969.99 | 2,700.08 | 2,518.57 | 2,594.60 | 1,966.46 | 997.63 | 435.15 | -54.64 | -674.20 | -55.49 | -9.43 |
| Income tax expense | 1,798.96 | 2,315.52 | 1,866.00 | 1,758.81 | 1,222.70 | 1,130.02 | 983.55 | 566.60 | 626.14 | 601.83 | 457.75 | 247.99 | 112.42 | 4.41 | 3.11 | 0.00 | 0.00 |
| Net income | 7,242.49 | 7,739.94 | 8,116.62 | 6,298.82 | 4,681.07 | 5,906.96 | 4,016.83 | 2,128.79 | 1,949.66 | 2,036.82 | 1,589.66 | 851.44 | 316.95 | -59.12 | -674.20 | -55.49 | -9.43 |
Show Quarterly Income Statement
Income Statement - Vipshop Holdings Ltd (VIPS)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 26,413.78 | 32,473.78 | 21,370.87 | 25,806.36 | 26,268.54 | 33,223.84 | 20,675.94 | 26,875.17 | 27,645.88 | 27,645.88 | 22,765.86 | 27,879.30 | 27,536.38 | 31,757.76 | 21,614.96 | 24,535.25 | 25,244.52 | 34,131.67 | 24,921.81 | 29,607.70 | 28,398.50 | 35,774.94 | 23,180.03 | 24,110.67 | 18,792.86 | 29,319.10 | 19,612.98 | 22,743.72 | 21,318.62 | 26,083.36 | 17,831.58 | 20,738.38 | 19,870.63 | 24,129.63 | 15,313.16 | 17,516.58 | 15,952.95 | 18,980.19 | 12,002.32 | 13,439.70 | 12,169.09 | 13,901.15 | 8,671.25 | 9,018.12 | 8,612.70 | 8,413.92 | 5,330.15 | 5,078.89 | 4,306.36 | 3,945.31 | 2,348.80 | 2,157.69 | 1,930.90 | 1,867.66 | 980.49 | 860.89 | 638.96 | 639.10 | 336.43 | 262.41 | 189.65 | 17.45 | 8.08 | 4.86 | 2.21 | 2.80 |
| Cost of revenue | 19,957.92 | 25,029.58 | 16,461.95 | 19,751.36 | 20,186.33 | 25,596.30 | 15,720.54 | 20,533.96 | 21,100.38 | 21,100.38 | 17,384.33 | 21,677.36 | 21,631.82 | 24,857.56 | 16,931.88 | 19,510.91 | 20,236.05 | 27,418.28 | 20,080.30 | 23,650.88 | 22,803.67 | 27,927.52 | 18,299.06 | 19,170.86 | 15,175.74 | 22,318.37 | 15,378.96 | 17,654.58 | 16,962.28 | 20,699.02 | 14,200.15 | 16,694.60 | 15,861.21 | 18,889.64 | 11,813.67 | 13,656.69 | 12,258.47 | 14,513.04 | 9,070.36 | 10,198.29 | 9,213.00 | 10,552.73 | 6,514.92 | 6,767.45 | 6,471.62 | 6,320.86 | 4,004.43 | 3,818.87 | 3,233.89 | 2,979.15 | 1,779.72 | 1,650.16 | 1,478.72 | 1,439.23 | 761.91 | 672.82 | 503.77 | 511.15 | 272.38 | 214.35 | 157.32 | 16.84 | 6.67 | 4.08 | 1.79 | 2.58 |
| Gross profit | 6,455.87 | 7,444.20 | 4,908.91 | 6,055.00 | 6,082.21 | 7,627.54 | 4,955.40 | 6,341.21 | 6,545.50 | 6,545.50 | 5,381.53 | 6,201.95 | 5,904.56 | 6,900.20 | 4,683.07 | 5,024.35 | 5,008.47 | 6,713.40 | 4,841.51 | 5,956.83 | 5,594.82 | 7,847.43 | 4,880.96 | 4,939.80 | 3,617.12 | 7,000.73 | 4,234.02 | 5,089.14 | 4,356.33 | 5,384.34 | 3,631.44 | 4,043.77 | 4,009.41 | 5,239.99 | 3,499.48 | 3,859.89 | 3,694.47 | 4,467.15 | 2,931.96 | 3,241.41 | 2,956.09 | 3,348.42 | 2,156.32 | 2,250.67 | 2,141.08 | 2,093.06 | 1,325.71 | 1,260.02 | 1,072.48 | 966.16 | 569.07 | 507.53 | 452.18 | 428.43 | 218.58 | 188.07 | 135.19 | 127.96 | 64.05 | 48.06 | 32.33 | 3.21 | 0.00 | 0.00 | 0.00 | 0.23 |
| Total operating expenses | 4,139.71 | 4,545.35 | 3,646.51 | 4,357.09 | 3,805.41 | 4,776.31 | 3,625.50 | 4,108.79 | 3,785.80 | 3,785.80 | 3,847.87 | 4,285.45 | 3,918.87 | 4,390.98 | 3,545.75 | 3,756.06 | 3,725.85 | 4,883.68 | 4,070.73 | 4,486.32 | 4,083.41 | 5,257.65 | 3,632.85 | 3,699.80 | 2,834.93 | 5,225.30 | 3,064.62 | 4,123.78 | 3,493.16 | 4,380.91 | 3,276.73 | 3,643.49 | 3,346.72 | 4,356.08 | 3,051.28 | 3,238.16 | 2,957.88 | 3,528.22 | 2,403.18 | 2,597.48 | 2,360.03 | 2,546.66 | 1,720.26 | 1,812.90 | 1,746.12 | 1,722.26 | 1,197.99 | 1,110.38 | 886.95 | 787.02 | 495.37 | 459.70 | 419.51 | 394.69 | 236.35 | 222.70 | 189.92 | 519.35 | 175.68 | 172.94 | 76.41 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating income | 2,316.16 | 2,898.85 | 1,262.40 | 1,697.90 | 2,276.80 | 2,851.23 | 1,329.90 | 2,232.42 | 2,759.70 | 2,759.70 | 1,533.66 | 1,916.50 | 1,985.69 | 2,509.22 | 1,137.33 | 1,268.29 | 1,282.61 | 1,829.72 | 770.79 | 1,470.51 | 1,511.41 | 2,589.78 | 1,248.11 | 1,240.01 | 782.19 | 1,775.43 | 1,169.41 | 965.36 | 863.17 | 1,003.43 | 354.71 | 400.28 | 662.69 | 883.91 | 448.20 | 621.74 | 736.60 | 938.93 | 528.79 | 643.93 | 596.07 | 801.76 | 436.06 | 437.77 | 394.96 | 370.80 | 127.72 | 149.64 | 185.53 | 179.14 | 73.70 | 41.45 | 34.05 | 30.17 | -20.44 | -34.64 | -54.73 | -391.39 | -111.63 | -124.88 | -44.08 | 0.00 | 0.00 | 0.00 | 0.00 | -1.38 |
| Non-operating income (net) | 449.79 | 335.59 | 298.81 | 227.08 | 211.18 | 450.95 | 205.00 | 117.75 | 207.51 | 199.58 | 61.74 | 533.27 | 281.86 | 636.38 | 815.95 | 315.56 | 105.31 | -16.32 | 78.71 | -72.50 | 343.26 | 242.60 | 251.30 | 623.98 | 71.42 | -51.63 | -75.35 | 65.90 | 257.69 | -77.60 | -25.80 | 413.98 | -31.61 | -35.17 | -28.07 | -81.26 | -27.38 | 31.47 | -47.93 | -78.29 | -18.35 | -148.43 | -50.00 | 58.81 | 35.54 | 15.92 | 72.02 | 46.82 | 29.19 | 37.11 | 24.72 | 28.55 | 13.76 | 13.81 | 11.29 | -2.14 | 0.55 | -0.21 | -0.76 | -1.26 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income before tax | 2,765.94 | 3,234.43 | 1,561.21 | 1,924.99 | 2,487.98 | 3,302.18 | 1,534.90 | 2,350.17 | 2,967.21 | 2,959.28 | 1,595.40 | 2,449.77 | 2,267.55 | 3,145.60 | 1,953.28 | 1,583.84 | 1,387.93 | 1,813.40 | 849.50 | 1,398.01 | 1,854.67 | 2,832.37 | 1,499.41 | 1,863.98 | 853.61 | 1,723.80 | 1,094.06 | 1,031.26 | 1,120.86 | 925.83 | 328.91 | 814.26 | 631.08 | 848.74 | 420.13 | 540.48 | 709.22 | 970.39 | 480.86 | 565.64 | 577.71 | 653.33 | 386.06 | 496.57 | 430.50 | 386.72 | 199.74 | 196.45 | 214.71 | 216.25 | 98.42 | 69.99 | 47.81 | 43.98 | -9.15 | -36.78 | -54.18 | -391.60 | -112.39 | -126.13 | -44.08 | 0.00 | 0.00 | 0.00 | 0.00 | -1.38 |
| Income tax expense | 516.15 | 583.04 | 301.07 | 407.19 | 507.67 | 816.36 | 474.22 | 405.65 | 619.29 | 619.29 | 364.84 | 339.06 | 390.14 | 903.84 | 266.41 | 296.72 | 291.84 | 390.69 | 212.31 | 312.75 | 306.96 | 384.66 | 247.76 | 324.88 | 172.72 | 313.80 | 212.46 | 213.39 | 243.90 | 231.84 | 102.80 | 125.49 | 106.48 | 188.87 | 101.68 | 169.68 | 165.91 | 207.19 | 135.65 | 127.96 | 131.03 | 162.75 | 93.20 | 112.60 | 89.19 | 60.67 | 63.97 | 58.93 | 64.06 | 62.33 | 24.85 | 14.56 | 11.51 | 4.41 | -8.62 | -2.18 | 0.13 | 0.00 | 1.13 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net income | 2,192.96 | 2,589.22 | 1,220.68 | 1,489.75 | 1,942.85 | 2,446.68 | 1,045.34 | 1,931.21 | 2,316.71 | 2,316.71 | 1,208.29 | 2,097.45 | 1,858.73 | 2,233.76 | 1,686.50 | 1,282.89 | 1,095.66 | 1,414.77 | 628.35 | 1,092.48 | 1,545.47 | 2,440.81 | 1,244.40 | 1,536.92 | 684.83 | 1,455.56 | 875.47 | 813.52 | 872.28 | 688.67 | 228.75 | 681.64 | 529.73 | 673.20 | 338.06 | 386.48 | 551.92 | 767.78 | 342.86 | 451.61 | 474.57 | 506.17 | 316.70 | 399.29 | 367.51 | 350.99 | 170.34 | 164.15 | 165.02 | 153.92 | 73.75 | 55.68 | 36.32 | 39.63 | -9.15 | -36.78 | -54.18 | -391.60 | -112.39 | -126.13 | -44.08 | 0.00 | 0.00 | 0.00 | 0.00 | -1.38 |