JD.com, Inc. (NASDAQ:JD)
Insiders here have filed 3 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Profitable, but on a thin margin.
- Revenue
- $1310.55B
- Net income
- $14.74B
- Net margin
- 1.1%
Little or no net debt.
- Total debt
- $105.35B
- Cash
- $102.50B
- Net debt / EBITDA
- 0.10x
Covers near-term obligations, without much room.
- Current assets
- $404.75B
- Current liabilities
- $354.86B
- Current ratio
- 1.14
Roughly cash-neutral.
- Operating cash flow
- $50.72B
- Free cash flow
- $31.32B
- FCF margin
- 2.4%
Not funding itself by issuing shares.
- Shares outstanding
- 1346.0M
- Share growth (1y)
- -5.2%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
JD Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 345.42 B | 313.78 B | 352.28 B | 299.06 B | 356.66 B | 301.08 B |
| Revenue Growth (YoY) | -3.15 % | 4.22 % | 1.53 % | 14.85 % | 22.40 % | 15.78 % |
| Cost of Revenue | 286.56 B | 261.35 B | 363.39 B | 270.59 B | 300.02 B | 253.23 B |
| Gross Profit | 58.87 B | 52.43 B | -11.11 B | 28.47 B | 56.64 B | 47.85 B |
| SG&A Expense | 23.41 B | 18.96 B | 28.86 B | 24.04 B | 30.28 B | 12.75 B |
| R&D Expense | 7.24 B | 6.79 B | 6.66 B | 5.65 B | 5.30 B | 4.62 B |
| Operating Expenses | 54.74 B | 48.65 B | -5.26 B | 29.52 B | 57.50 B | 37.31 B |
| Operating Income | 4.13 B | 3.78 B | -5.85 B | -1.05 B | -859.00 M | 10.53 B |
| Pretax Income | 10.63 B | 7.05 B | -1.35 B | 6.63 B | 6.70 B | 13.34 B |
| Tax Provision | 1.97 B | 1.25 B | -124.00 M | 252.00 M | -10.00 M | 2.06 B |
| Net Income | 7.11 B | 5.07 B | -2.71 B | 5.28 B | 6.18 B | 10.89 B |
| EPS (Basic) | 5.30 | 3.72 | -1.80 | 3.38 | 4.34 | 7.52 |
| EPS (Diluted) | 5.02 | 3.54 | -1.80 | 3.38 | 4.14 | 7.18 |
| Shares Outstanding | 1.35 B | 1.37 B | 1.42 B | 1.48 B | 1.42 B | 1.45 B |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.