Vipshop Financial Statements
NYSE: VIPSConsumer DiscretionaryCatalog/Specialty DistributionUSD
Market open · Delayed 15 min · as of Oct 9, 11:33 AM ET
Vipshop revenue and earnings
In fiscal 2025, Vipshop generated $15.15 billion in revenue, up 2.0% from fiscal 2024. Net income was $1.04 billion (-3.6% year over year), for a net margin of 6.8% versus a median of 6.1% in the prior 5 years. Gross margin was 23.1% (down from 23.5%) and operating margin 7.7%.
Diluted earnings per share came in at $10.12, up from $9.83. Over the last 5 fiscal years, VIPS's revenue has grown at a -0.6% compound annual rate (a contraction).
Summary generated from market data by MetaCap's automated system. Methodology
Vipshop income 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 15.15B | 14.85B | 15.90B | 14.96B | 18.37B | 15.61B | 13.36B | 12.29B | 11.21B | 8.15B |
| Revenue growth (YoY) | +1.97% | -6.55% | +6.28% | -18.58% | +17.67% | +16.86% | +8.66% | +9.70% | +37.49% | +31.33% |
| Cost of Revenue | 11.64B | 11.36B | 12.27B | 11.82B | 14.74B | 12.35B | 10.39B | 9.81B | 8.70B | 6.19B |
| Gross Profit | 3.50B | 3.49B | 3.62B | 3.13B | 3.63B | 3.26B | 2.97B | 2.48B | 2.50B | 1.96B |
| Operating Expenses | 2.49B | 2.36B | 2.45B | 2.34B | 2.90B | 2.47B | 2.38B | 2.24B | 2.17B | 1.62B |
| Operating Income | 1.16B | 1.26B | 1.28B | 898.55M | 876.00M | 898.10M | 685.65M | 352.14M | 413.51M | 389.99M |
| Interest Expense | 12.88M | 7.90M | 3.23M | 3.52M | 2.27M | 10.32M | 12.35M | 23.23M | 12.67M | 12.27M |
| Pretax Income | 1.27B | — | — | — | — | 1.08B | 709.99M | 399.55M | 390.52M | 384.00M |
| Income Tax | 257.25M | 317.22M | 262.82M | 255.00M | 191.87M | 173.18M | 141.28M | 82.41M | 96.24M | 86.68M |
| Net Income | 1.04B | 1.07B | 1.16B | 915.13M | 736.41M | 907.18M | 572.62M | 310.30M | 290.86M | 287.02M |
| Net Income growth (YoY) | -3.56% | -7.03% | +26.23% | +24.27% | -18.82% | +58.43% | +84.54% | +6.68% | +1.34% | +23.23% |
| EPS (Basic) | 10.35 | 10.00 | 10.33 | 7.18 | 5.39 | 6.70 | 4.32 | 2.34 | 2.55 | 2.53 |
| EPS (Diluted) | 10.12 | 9.83 | 10.16 | 7.13 | 5.29 | 6.56 | 4.25 | 2.27 | 2.45 | 2.43 |
| Shares Outstanding (Basic) | 100.07M | 106.07M | 110.70M | 127.24M | 136.18M | 135.08M | 133.52M | 132.27M | 117.55M | 115.96M |
| Shares Outstanding (Diluted) | 102.38M | 107.86M | 112.55M | 128.16M | 138.75M | 138.04M | 136.08M | 140.08M | 125.72M | 125.82M |
| EBITDA | 1.38B | 1.45B | 1.47B | 1.08B | 1.05B | 1.05B | 804.93M | 464.17M | 524.31M | 477.99M |
| Gross Margin | 23.12% | 23.49% | 22.79% | 20.96% | 19.74% | 20.90% | 22.24% | 20.19% | 22.35% | 24.03% |
| Operating Margin | 7.68% | 8.46% | 8.07% | 6.01% | 4.77% | 5.75% | 5.13% | 2.86% | 3.69% | 4.78% |
| Net Margin | 6.84% | 7.23% | 7.27% | 6.12% | 4.01% | 5.81% | 4.29% | 2.52% | 2.60% | 3.52% |
This table shows 10 annual periods of Vipshop's income statement, from FY 2025 back to FY 2016, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow VIPS's reporting calendar. What is a income statement?