JD.com Cash Flow Statement
NASDAQ: JDConsumer DiscretionaryOther Specialty StoresUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
JD.com free cash flow
In fiscal 2025, JD.com generated $2.72 billion of operating cash flow and spent $1.12 billion on capital expenditures. That left free cash flow of $1.60 billion, a free-cash-flow margin of 0.9% of revenue. Free cash flow was down 77.9% from the prior year's $7.23 billion.
JD.com returned $4.55 billion to shareholders: $1.48 billion in dividends and $3.06 billion in share repurchases, equal to 285% of free cash flow. Free cash flow covered dividend payments 1.1 times.
Summary generated from market data by MetaCap's automated system. Methodology
JD.com cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 3.31B | 6.12B | 3.27B | 1.41B | -701.00M | 7.56B | 1.71B | -407.32M | -1.80M | -491.68M |
| Net Income growth (YoY) | -45.91% | +86.81% | +132.76% | — | -109.27% | +342.72% | — | — | — | — |
| Depreciation & Amortization | 1.39B | 1.22B | 1.17B | 1.05B | 978.00M | 929.91M | 837.15M | 808.67M | 644.41M | 523.31M |
| Stock-Based Compensation | 676.00M | 411.00M | 677.00M | 1.09B | 1.43B | 636.93M | 530.75M | 532.32M | 427.29M | 337.57M |
| Change in Working Capital | -1.67B | 384.00M | 1.89B | 853.00M | 1.17B | 1.68B | 194.40M | 859.43M | 1.86B | -808.73M |
| Operating Cash Flow | 2.72B | 7.96B | 8.38B | 8.38B | 6.64B | 6.52B | 3.56B | 3.04B | 3.81B | 1.26B |
| Capital Expenditures | -1.12B | -733.00M | -567.00M | -797.00M | -873.00M | — | -764.45M | -1.07B | -502.17M | -195.79M |
| Investing Cash Flow | 5.98B | -119.00M | -8.39B | -7.83B | -11.65B | -8.86B | -3.64B | -3.79B | -5.76B | -6.95B |
| Dividends Paid | -1.48B | -1.13B | -949.00M | -1.90B | — | — | — | — | — | — |
| Share Repurchases | -3.06B | -3.55B | -352.00M | -264.00M | -823.00M | -47.78M | -18.82M | -29.95M | — | -768.87M |
| Debt Issued | 4.90B | 1.87B | 1.85B | 2.04B | — | 1.04B | — | 420.42M | — | 915.45M |
| Debt Repaid | -3.43B | -1.82B | -1.58B | -527.00M | -5.00M | -18.90M | — | — | — | — |
| Financing Cash Flow | -3.82B | -2.88B | -818.00M | 171.00M | 3.06B | 10.89B | 369.51M | 1.63B | 2.96B | 5.86B |
| Net Change in Cash | 4.85B | 4.98B | -804.00M | 1.23B | -2.19B | 7.77B | 346.21M | 1.12B | 909.37M | 274.78M |
| Free Cash Flow | 1.60B | 7.23B | 7.82B | 7.59B | 5.76B | 6.52B | 2.80B | 1.97B | 3.31B | 1.07B |
This table shows 10 annual periods of JD.com's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow JD's reporting calendar. What is a cash flow statement?