VIPS
Vipshop Holdings Limited
NYSE: VIPS · CONSUMER CYCLICAL · INTERNET RETAIL
$14.14
+0.07% today
Updated 2026-04-29
Market cap
$6.79B
P/E ratio
6.83
P/S ratio
0.06x
EPS (TTM)
$2.07
Dividend yield
4.38%
52W range
$13 – $20
Volume
2.1M
Vipshop Holdings Limited (VIPS) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.15M | $216.10M | $1.43B | $4.31B | $10.42B | $23.13B | $40.20B | $56.59B | $72.91B | $84.52B | $92.99B | $101.86B | $117.06B | $103.15B | $112.86B | $108.42B | $105.92B |
| Revenue growth (YoY) | — | +1028.4% | +560.6% | +202.2% | +141.5% | +122.0% | +73.8% | +40.8% | +28.8% | +15.9% | +10.0% | +9.5% | +14.9% | -11.9% | +9.4% | -3.9% | -2.3% |
| Cost of revenue | $17.59M | $194.83M | $1.16B | $3.35B | $7.92B | $17.38B | $30.31B | $42.99B | $56.62B | $67.45B | $72.31B | $80.57B | $93.95B | $81.54B | $87.14B | $82.95B | $81.43B |
| Gross profit | $1.56M | $21.28M | $272.40M | $962.89M | $2.50B | $5.75B | $9.90B | $13.60B | $16.29B | $17.07B | $20.68B | $21.29B | $23.11B | $21.62B | $25.72B | $25.47B | $24.49B |
| Gross margin | 8.2% | 9.8% | 19.1% | 22.3% | 24.0% | 24.9% | 24.6% | 24.0% | 22.3% | 20.2% | 22.2% | 20.9% | 19.7% | 21.0% | 22.8% | 23.5% | 23.1% |
| R&D | $704887.00 | $3.73M | $34.67M | $91.28M | $248.13M | $671.00M | $1.08B | $1.56B | $1.81B | $2.00B | $1.57B | $1.22B | $1.52B | $1.61B | $1.77B | $1.89B | $1.76B |
| SG&A | $9.32M | $61.12M | $852.06M | $853.31M | $1.75B | $3.95B | $6.05B | $8.41B | $11.16B | $12.16B | $12.95B | $11.85B | $13.36B | $4.46B | $4.15B | $3.99B | $4.37B |
| Operating income | $-9.43M | $-55.49M | $-671.98M | $-78.09M | $330.60M | $833.69M | $2.07B | $2.71B | $2.69B | $2.42B | $4.77B | $5.86B | $5.58B | $6.20B | $9.10B | $9.17B | $8.14B |
| Operating margin | -49.2% | -25.7% | -47.1% | -1.8% | 3.2% | 3.6% | 5.2% | 4.8% | 3.7% | 2.9% | 5.1% | 5.8% | 4.8% | 6.0% | 8.1% | 8.5% | 7.7% |
| EBITDA | $-9.15M | $-54.80M | $-662.61M | $-49.84M | $375.84M | $1.17B | $2.64B | $3.63B | $3.68B | $3.14B | $6.35B | $6.78B | $6.58B | $7.50B | $10.40B | $10.41B | $9.56B |
| EBITDA margin | -47.8% | -25.4% | -46.4% | -1.2% | 3.6% | 5.0% | 6.6% | 6.4% | 5.0% | 3.7% | 6.8% | 6.7% | 5.6% | 7.3% | 9.2% | 9.6% | 9.0% |
| EBIT | $-9.43M | $-55.49M | $-671.21M | $-78.09M | $320.17M | $805.93M | $2.06B | $2.66B | $2.62B | $2.32B | $5.51B | $5.77B | $5.47B | $6.27B | $9.10B | $8.99B | $8.14B |
| Interest expense | $320.00 | $3740.00 | $3.11M | $1.39M | $94.94M | $75.25M | $85.76M | $85.19M | $82.44M | $159.74M | $86.00M | $67.36M | $14.46M | $24.26M | $22.93M | $57.68M | $87.58M |
| Income tax | $320.00 | $3740.00 | $3.11M | $4.41M | $112.42M | $247.99M | $457.75M | $601.83M | $626.14M | $566.60M | $983.55M | $1.13B | $1.22B | $1.76B | $1.87B | $2.32B | — |
| Effective tax rate | -0.0% | -0.0% | -0.5% | -8.1% | 26.2% | 22.6% | 22.4% | 22.8% | 24.3% | 21.0% | 19.7% | 16.1% | 20.7% | 21.8% | 18.7% | 23.0% | 0.0% |
| Net income | $-9.43M | $-55.49M | $-674.20M | $-59.12M | $316.95M | $851.44M | $1.59B | $2.04B | $1.95B | $2.13B | $4.02B | $5.91B | $4.68B | $6.30B | $8.12B | $7.74B | $7.24B |
| Net income growth (YoY) | — | -488.6% | -1115.1% | +91.2% | +636.1% | +168.6% | +86.7% | +28.1% | -4.3% | +9.2% | +88.7% | +47.1% | -20.8% | +34.6% | +28.9% | -4.6% | -6.4% |
| Profit margin | -49.2% | -25.7% | -47.2% | -1.4% | 3.0% | 3.7% | 4.0% | 3.6% | 2.7% | 2.5% | 4.3% | 5.8% | 4.0% | 6.1% | 7.2% | 7.1% | 6.8% |