JD.com, Inc 6-K, filed Aug 13, 2026

JD.com, Inc. (JD)

6-K 2026-08-13 For: 2026-08-13

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Added on August 13, 2026

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JD.com, Inc filed this 6-K on August 13, 2026.

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JD.COM, INC.

By	:	/s/ Ian Su Shan
Name	:	Ian Su Shan
Title	:	Chief Financial Officer


	For the three months ended
	June 30, 2025			June 30, 2026			June 30, 2026
	RMB			RMB			US$
	(In millions)
Net cash provided by operating activities		24,409			37,718			5,559
Add/(Less): Impact from consumer financing receivables included in the operating cash flow		641			(363	)		(53	)
Less: Capital expenditures, net of related sales proceeds		(3,032	)		(5,520	)		(814	)
Capital expenditures for development properties		(1,076	)		(2,517	)		(371	)
Other capital expenditures*		(1,956	)		(3,003	)		(443	)

Free cash flow		22,018			31,835			4,692


	For the twelve months ended
	June 30, 2025			June 30, 2026			June 30, 2026
	RMB			RMB			US$
	(In millions)
Net cash provided by operating activities		24,819			51,117			7,534
Less: Impact from consumer financing receivables included in the operating cash flow		(1,366	)		(1,739	)		(257	)
Less: Capital expenditures, net of related sales proceeds		(13,377	)		(17,963	)		(2,647	)
Capital expenditures for development properties		(6,327	)		(8,122	)		(1,197	)
Other capital expenditures		(7,050	)		(9,841	)		(1,450	)

Free cash flow		10,076			31,415			4,630


	For the three months ended									For the six months ended
	June 30, 2025			June 30, 2026			June 30, 2026			June 30, 2025			June 30, 2026			June 30, 2026
	RMB			RMB			US$			RMB			RMB			US$
	(In millions, except percentage data)
Net revenues:
JD Retail		310,075			295,383			43,534			573,920			563,971			83,119
JD Logistics		51,564			64,102			9,447			98,531			124,683			18,376
New Businesses		13,852			7,260			1,070			19,605			13,539			1,995
Inter-segment eliminations*		(18,831	)		(20,344	)		(2,998	)		(34,314	)		(40,098	)		(5,909	)

Total consolidated net revenues		356,660			346,401			51,053			657,742			662,095			97,581

Less: cost of revenues:
JD Retail		(256,527	)		(240,650	)		(35,467	)		(475,922	)		(459,279	)		(67,689	)
JD Logistics		(46,234	)		(57,991	)		(8,547	)		(90,019	)		(113,842	)		(16,778	)
New Businesses		(14,405	)		(4,911	)		(724	)		(18,991	)		(9,345	)		(1,377	)
Inter-segment eliminations*		17,171			16,476			2,428			31,710			32,743			4,825
Less: operating expenses:
JD Retail		(39,609	)		(41,255	)		(6,080	)		(71,213	)		(76,254	)		(11,238	)
JD Logistics		(3,372	)		(3,848	)		(567	)		(6,409	)		(7,558	)		(1,114	)
New Businesses		(14,448	)		(12,607	)		(1,858	)		(16,942	)		(24,804	)		(3,656	)
Inter-segment eliminations*		1,660			3,868			570			2,604			7,355			1,084
Income/(Loss) from operations:
JD Retail		13,939			13,478			1,987			26,785			28,438			4,192
JD Logistics		1,958			2,263			333			2,103			3,283			484
New Businesses		(14,777	)		(9,854	)		(1,452	)		(16,104	)		(20,206	)		(2,978	)
Including: gain on sale of development properties		224			404			60			224			404			60

Total segment income from operations		1,120			5,887			868			12,784			11,515			1,698
Unallocated items**		(1,979	)		(1,340	)		(198	)		(3,110	)		(3,161	)		(467	)

Total consolidated (loss)/income from operations		(859	)		4,547			670			9,674			8,354			1,231
Share of results of equity investees		2,072			2,551			376			3,402			4,187			617
Interest expense		(643	)		(708	)		(104	)		(1,243	)		(1,394	)		(205	)
Others, net		6,129			4,269			629			8,208			6,602			973

Total consolidated income before tax		6,699			10,659			1,571			20,041			17,749			2,616


	For the three months ended							For the six months ended
	June 30, 2025			June 30, 2026			June 30, 2026	June 30, 2025			June 30, 2026			June 30, 2026
	RMB			RMB			US$	RMB			RMB			US$
	(In millions, except percentage data)
YoY% change of net revenues:
JD Retail		20.6	%		(4.7	)%			18.6	%		(1.7	)%
JD Logistics		16.6	%		24.3	%			14.1	%		26.5	%
New Businesses		198.8	%		(47.6	)%			106.2	%		(30.9	)%
Operating margin:
JD Retail		4.5	%		4.6	%			4.7	%		5.0	%
JD Logistics		3.8	%		3.5	%			2.1	%		2.6	%
New Businesses		(106.7	)%		(135.7	)%			(82.1	)%		(149.2	)%


99.1		Press Release - JD.com Announces Second Quarter and Interim 2026 Results


US:		+1-855-883-1031
International:		+61-7-3107-6325
Chinese Mainland:		400-120-9216
Hong Kong, China:		800-930-639
Passcode:		10056227


	As of
	December 31, 2025		June 30, 2026		June 30, 2026
	RMB		RMB		US$
ASSETS
Current assets
Cash and cash equivalents		137,488		89,068		13,127
Restricted cash		12,137		13,396		1,974
Short-term investments		75,744		132,594		19,542
Accounts receivable, net(including consumer financing receivables of RMB1.7 billion and RMB0.4 billion as of December 31, 2025 and June 30, 2026, respectively)⁽¹⁾		27,333		28,710		4,231
Advance to suppliers		5,856		5,766		850
Inventories, net		95,428		114,577		16,887
Prepayments and other current assets		17,898		18,962		2,795
Amount due from related parties		2,142		1,134		167
Assets held for sale		395		395		58

Total current assets		374,421		404,602		59,631

Non-current assets
Property, equipment and software, net		91,349		95,866		14,129
Construction in progress		6,503		5,734		845
Intangible assets, net		7,723		7,178		1,058
Land use rights, net		36,878		38,782		5,716
Operating lease right-of-use assets		31,128		32,962		4,858
Goodwill		26,291		26,291		3,875
Investment in equity investees		51,978		58,040		8,554
Marketable securities and other investments		51,840		38,395		5,659
Deferred tax assets		5,237		6,164		908
Other non-current assets		11,853		11,392		1,679

Total non-current assets		320,780		320,804		47,281

Total assets		695,201		725,406		106,912


	Q2 2025		Q3 2025		Q4 2025		Q1 2026		Q2 2026
Cash flow and turnover days
Operating cash flow – trailing twelve months (“TTM”)		24.8		23.0		19.0		37.8		51.1
Free cash flow – TTM		10.1		12.6		6.5		21.6		31.4
Inventory turnover days⁽⁵⁾ – TTM		34.1		35.8		37.8		38.3		40.5
Accounts payable turnover days⁽⁶⁾ – TTM		59.0		58.0		60.0		59.7		64.2
Accounts receivable turnover days⁽⁷⁾ – TTM		7.4		8.3		8.7		8.7		8.6


				For the six months ended June 30, 2025 IFRSs adjustments
	Amounts as reported under U.S. GAAP			Financial instruments with special features			Investments measured at fair value			Lease accounting			Impairment of long-lived assets		Convertible senior notes			Share-based compensation		Investment in JD Technology			Amounts under IFRSs
	(RMB in millions)
				Note i			Note ii			Note iii			Note iv		Note v			Note vi		Note vii
Fulfillment		(41,882	)		—			—			818			57		—			—		—			(41,007	)
Marketing		(37,556	)		—			—			2			—		—			—		—			(37,554	)
Research and development		(9,920	)		—			—			4			—		—			—		—			(9,916	)
General and administrative		(5,680	)		—			—			5			—		—			—		—			(5,675	)
Gain on sale of development properties		224			—			—			(123	)		—		—			—		—			101

Income from operations		9,674			—			—			706			57		—			—		—			10,437
Share of results of equity investees		3,402			—			9			—			—		—			—		(279	)		3,132
Interest expense		(1,243	)		(2	)		—			(532	)		—		(618	)		—		—			(2,395	)
Others, net		8,208			—			102			(31	)		—		493			—		—			8,772
Fair value changes of financial instruments with special features		—			(4	)		—			—			—		—			—		—			(4	)

Income before tax		20,041			(6	)		111			143			57		(125	)		—		(279	)		19,942
Income tax expenses		(2,053	)		—			(57	)		—			—		—			221		—			(1,889	)

Net income		17,988			(6	)		54			143			57		(125	)		221		(279	)		18,053
Net income attributable to non-controlling interests shareholders		920			(1	)		—			(19	)		14		—			54		—			968

Net income attributable to the Company’s ordinary shareholders		17,068			(5	)		54			162			43		(125	)		167		(279	)		17,085


				For the six months ended June 30, 2026 IFRSs adjustments
	Amounts as reported under U.S. GAAP			Financial instruments with special features			Investments measured at fair value			Lease accounting			Impairment of long-lived assets		Convertible senior notes			Share-based compensation		Investment in JD Technology			Amounts under IFRSs
	(RMB in millions)
				Note i			Note ii			Note iii			Note iv		Note v			Note vi		Note vii
Fulfillment		(47,844	)		—			—			1,154			75		—			—		—			(46,615	)
Marketing		(35,674	)		—			—			4			—		—			—		—			(35,670	)
Research and development		(14,165	)		—			—			9			—		—			—		—			(14,156	)
General and administrative		(6,701	)		—			—			10			—		—			—		—			(6,691	)
Gain on sale of development properties		404			—			—			(53	)		—		—			—		—			351

Income from operations		8,354			—			—			1,124			75		—			—		—			9,553
Share of results of equity investees		4,187			—			(201	)		—			—		—			—		(145	)		3,841
Interest expense		(1,394	)		(16	)		—			(595	)		—		(672	)		—		—			(2,677	)
Others, net		6,602			—			160			—			—		1,632			—		—			8,394

Income before tax		17,749			(16	)		(41	)		529			75		960			—		(145	)		19,111
Income tax expenses		(3,232	)		—			(126	)		—			—		—			94		—			(3,264	)

Net income		14,517			(16	)		(167	)		529			75		960			94		(145	)		15,847
Net income attributable to non-controlling interests shareholders		2,286			—			—			151			19		—			20		—			2,476

Net income attributable to the Company’s ordinary shareholders		12,231			(16	)		(167	)		378			56		960			74		(145	)		13,371


			As of December 31, 2025 IFRSs adjustments
	Amounts as reported under U.S. GAAP		Financial instruments with special features			Investments measured at fair value			Lease accounting			Impairment of long-lived assets			Convertible senior notes			Share-based compensation			Investment in JD Technology		Amounts under IFRSs
	(RMB in millions)
			Note i			Note ii			Note iii			Note iv			Note v			Note vi			Note vii
Property, equipment and software, net		91,349		—			—			—			(2,615	)		—			—			—		88,734
Land use rights, net		36,878		—			—			—			(1,743	)		—			—			—		35,135
Operating lease right-of-use assets		31,128		—			—			(1,277	)		—			—			—			—		29,851
Investment in equity investees		51,978		—			(27,214	)		—			—			—			—			5,766		30,530
Marketable securities and other investments		51,840		—			(1,494	)		—			—			—			—			—		50,346
Financial assets at fair value through profit or loss		—		—			30,094			—			—			—			—			—		30,094
Financial assets at fair value through other comprehensive income		—		—			260			—			—			—			—			—		260
Deferred tax assets		5,237		—			137			—			—			—			(414	)		—		4,960

Total assets		695,201		—			1,783			(1,277	)		(4,358	)		—			(414	)		5,766		696,701

Accrued expenses and other liabilities		51,191		4,116			—			—			—			—			—			—		55,307
Unsecured senior notes		24,309		—			—			—			—			(1,892	)		—			—		22,417
Financial liabilities at fair value through profit or loss		—		11,058			—			—			—			2,277			—			—		13,335
Deferred tax liabilities		8,019		—			576			—			—			—			—			—		8,595

Total liabilities		401,418		15,174			576			—			—			385			—			—		417,553

Total JD.com, Inc. shareholders’ equity		225,040		(5,465	)		1,199			(1,074	)		(3,267	)		(385	)		(331	)		5,766		221,483
Non-controlling interests		68,743		(9,709	)		8			(203	)		(1,091	)		—			(83	)		—		57,665

Total shareholders’ equity		293,783		(15,174	)		1,207			(1,277	)		(4,358	)		(385	)		(414	)		5,766		279,148


			As of June 30, 2026 IFRSs adjustments
	Amounts as reported under U.S. GAAP		Financial instruments with special features			Investments measured at fair value			Lease accounting			Impairment of long-lived assets			Convertible senior notes			Share-based compensation			Investment in JD Technology		Amounts under IFRSs
	(RMB in millions)
			Note i			Note ii			Note iii			Note iv			Note v			Note vi			Note vii
Property, equipment and software, net		95,866		—			—			—			(2,570	)		—			—			—		93,296
Land use rights, net		38,782		—			—			—			(1,713	)		—			—			—		37,069
Operating lease right-of-use assets		32,962		—			—			(748	)		—			—			—			—		32,214
Investment in equity investees		58,040		—			(28,100	)		—			—			—			—			6,394		36,334
Marketable securities and other investments		38,395		—			(959	)		—			—			—			—			—		37,436
Financial assets at fair value through profit or loss		—		—			30,372			—			—			—			—			—		30,372
Financial assets at fair value through other comprehensive income		—		—			260			—			—			—			—			—		260
Deferred tax assets		6,164		—			8			—			—			—			(359	)		—		5,813

Total assets		725,406		—			1,581			(748	)		(4,283	)		—			(359	)		6,394		727,991

Accrued expenses and other liabilities		49,249		2,184			—			—			—			—			—			—		51,433
Unsecured senior notes		30,162		—			—			—			—			(1,186	)		—			—		28,976
Financial liabilities at fair value through profit or loss		—		11,058			—			—			—			594			—			—		11,652
Deferred tax liabilities		8,701		—			573			—			—			—			—			—		9,274

Total liabilities		443,031		13,242			573			—			—			(592	)		—			—		456,254

Total JD.com, Inc. shareholders’ equity		219,118		(4,224	)		1,001			(696	)		(3,211	)		592			(303	)		6,394		218,671
Non-controlling interests		63,257		(9,018	)		7			(52	)		(1,072	)		—			(56	)		—		53,066

Total shareholders’ equity		282,375		(13,242	)		1,008			(748	)		(4,283	)		592			(359	)		6,394		271,737


	For the three months ended
	June 30, 2025		June 30, 2026		June 30, 2026		YoY% Change
	RMB		RMB		US$
	(In millions, except percentage data)
Electronics and home appliances revenues		178,982		157,886		23,270		(11.8	)%
General merchandise revenues		103,432		109,229		16,098		5.6	%

Net product revenues		282,414		267,115		39,368		(5.4	)%

Marketplace and marketing revenues		28,507		30,860		4,548		8.3	%
Logistics and other service revenues		45,739		48,426		7,137		5.9	%

Net service revenues		74,246		79,286		11,685		6.8	%

Total net revenues		356,660		346,401		51,053		(2.9	)%


	For the six months ended
	June 30, 2025		June 30, 2026		June 30, 2026		YoY% Change
	RMB		RMB		US$
	(In millions, except percentage data)
Electronics and home appliances revenues		323,277		290,057		42,749		(10.3	)%
General merchandise revenues		201,446		221,877		32,701		10.1	%

Net product revenues		524,723		511,934		75,450		(2.4	)%

Marketplace and marketing revenues		50,827		57,377		8,456		12.9	%
Logistics and other service revenues		82,192		92,784		13,675		12.9	%

Net service revenues		133,019		150,161		22,131		12.9	%

Total net revenues		657,742		662,095		97,581		0.7	%


	For the three months ended									For the six months ended
	June 30, 2025			June 30, 2026			June 30, 2026			June 30, 2025			June 30, 2026			June 30, 2026
	RMB			RMB			US$			RMB			RMB			US$
(2) Includes share-based compensation as follows:
Cost of revenues		(25	)		(18	)		(2	)		(32	)		(38	)		(6	)
Fulfillment		(75	)		(93	)		(14	)		(146	)		(209	)		(31	)
Marketing		(49	)		(56	)		(8	)		(111	)		(128	)		(19	)
Research and development		(296	)		(226	)		(34	)		(513	)		(462	)		(68	)
General and administrative		(1,212	)		(673	)		(99	)		(1,622	)		(1,142	)		(168	)

Total		(1,657	)		(1,066	)		(157	)		(2,424	)		(1,979	)		(292	)

(3) Includes amortization of business cooperation arrangements and intangible assets resulting from assets and business acquisitions as follows:
Fulfillment		(50	)		(49	)		(7	)		(99	)		(98	)		(14	)
Marketing		(236	)		(189	)		(28	)		(515	)		(377	)		(56	)
Research and development		(36	)		(36	)		(6	)		(72	)		(72	)		(11	)

Total		(322	)		(274	)		(41	)		(686	)		(547	)		(81	)


	For the three months ended						For the six months ended
	June 30, 2025		June 30, 2026		June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2026
	RMB		RMB		US$		RMB		RMB		US$
Non-GAAP net income attributable to the Company’s ordinary shareholders		7,394		8,930		1,316		20,152		16,309		2,404
Non-GAAP net income per share:
Basic		2.60		3.32		0.49		7.02		6.01		0.89
Diluted		2.48		3.14		0.46		6.71		5.70		0.84
Non-GAAP net income per ADS:
Basic		5.20		6.63		0.98		14.04		12.01		1.77
Diluted		4.97		6.29		0.93		13.42		11.40		1.68
Weighted average number of shares:
Basic		2,841		2,692				2,870		2,716
Diluted		2,970		2,816				3,003		2,841