VIPS · Vipshop Holdings Ltd · Financials
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Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CNY | 778.74M | 814.23M | 882.87M | 1.88B | 290.85M | 1.16B | 169.43M | 325.96M | -149.59M | -41.63M | -20.03M | — | — | — | — | — |
| USD/shares | $10.35 | $10.00 | $10.33 | $7.18 | $5.39 | $6.70 | $4.32 | $2.34 | $2.55 | $2.53 | — | — | $0.48 | -$0.11 | -$3.38 | -$0.18 |
| USD/shares | $10.12 | $9.83 | $10.16 | $7.13 | $5.29 | $6.56 | $4.25 | $2.27 | $2.45 | $2.43 | — | — | $0.45 | -$0.11 | -$3.38 | -$0.18 |
| shares | 100.07M | 106.07M | 110.7M | 127.24M | 136.18M | 135.08M | 133.52M | 132.27M | 117.55M | 115.96M | 115.74M | 113.31M | 108.96M | 88.85M | 46.26M | 47.78M |
| shares | 102.38M | 107.86M | 112.55M | 128.16M | 138.75M | 138.04M | 136.08M | 140.08M | 125.72M | 125.82M | 120.17M | 120.23M | 115.5M | 88.85M | 46.26M | 47.78M |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2015–FY2025: 22.95B in buybacks, 3.48B in dividends.
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Read debt and covenant terms in your AI or your code through MCP and the API →Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Current operating lease liabilities | 2025-12-31 | USD 6,786,000 | 20-F filed 2026-04-16 |
| Noncurrent operating lease liabilities | 2025-12-31 | USD 79,643,000 | 20-F filed 2026-04-16 |
| Operating lease liabilities | 2025-12-31 | CNY 604,409,000 | 20-F filed 2026-04-16 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
| Short-term borrowings | 2025-12-31 | CNY 5,844,620,000 | 20-F filed 2026-04-16 |
| Short-term borrowings | 2025-12-31 | USD 835,770,000 | 20-F filed 2026-04-16 |
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 15 similar-size Internet Retail companies (of 43 listed).
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (CNY)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| VipCom | 101,136,509,000 | 104,379,002,000 | 109,177,540,000 | — | — | — | — | — |
| Shan Shan Outlets | 4,058,022,000 | 3,284,968,000 | 2,771,018,000 | 1,858,668,000 | 1,579,032,000 | 1,151,331,000 | 245,817,000 | — |
| Other | 725,015,000 | 756,862,000 | 907,462,000 | — | — | — | — | — |
| All Other Segments | — | — | 1,234,053,000 | 2,105,712,000 | 3,202,867,000 | 2,904,182,000 | 2,638,702,000 | 753,752,000 |
| Vip.com | — | — | 109,556,481,000 | 100,806,644,000 | 114,189,757,000 | 99,324,590,000 | 91,435,282,000 | 84,159,609,000 |
By Product & Service (CNY)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Product | 97,398,826,000 | 100,734,550,000 | 105,613,485,000 | 97,250,078,000 | 111,256,902,000 | 97,449,712,000 | 88,721,311,000 | 81,510,275,000 |
| Product And Service Other | 8,520,720,000 | 7,686,282,000 | 7,242,535,000 | 5,902,411,000 | 5,802,776,000 | 4,408,777,000 | 4,273,107,000 | 3,013,673,000 |
| Service | 5,120,000,000 | 4,960,000,000 | 4,940,000,000 | 4,430,000,000 | 4,710,000,000 | 3,960,000,000 | 4,190,000,000 | 3,010,972,000 |
| Lease | 3,400,000,000 | 2,730,000,000 | 2,300,000,000 | 2,300,000,000 | 1,470,000,000 | 1,090,000,000 | 445,000,000 | 2,701,000 |
| Apparel | — | — | — | — | — | — | 33,575,532,000 | 30,446,797,000 |
| Cosmetics | — | — | — | — | — | — | 14,645,878,000 | 11,700,310,000 |
| Home Goods and Other Lifestyle Products | — | — | — | — | — | — | 8,306,962,000 | 9,808,677,000 |
| Other Goods | — | — | — | — | — | — | 5,717,088,000 | 7,398,958,000 |
| Shoes and Bags | — | — | — | — | — | — | 9,045,520,000 | 8,442,178,000 |
| Sportswear and Sporting Goods | — | — | — | — | — | — | 7,333,523,000 | 5,699,740,000 |
| Toys Kids and Baby | — | — | — | — | — | — | 10,096,808,000 | 8,013,615,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (CNY)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| VipCom | 7,182,538,000 | 8,351,532,000 | 8,619,170,000 | 6,521,058,000 | — | — | — | — |
| Shan Shan Outlets | 857,213,000 | 725,236,000 | 361,120,000 | 1,224,000 | 357,602,000 | 187,499,000 | 6,255,000 | — |
| Other | 96,195,000 | 96,485,000 | 123,845,000 | -324,836,000 | — | — | — | — |
| All Other Segments | — | — | — | — | 88,065,000 | 2,291,000 | 227,719,000 | -215,459,000 |
| Vip.com | — | — | — | — | 6,158,560,000 | 6,656,721,000 | 5,267,814,000 | 3,353,658,000 |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| VipCom | 7.1% | 8% | 7.9% | — | — | — | — | — |
| Shan Shan Outlets | 21.1% | 22.1% | 13% | 0.1% | 22.6% | 16.3% | 2.5% | — |
| Other | 13.3% | 12.7% | 13.6% | — | — | — | — | — |
| All Other Segments | — | — | — | — | 2.7% | 0.1% | 8.6% | -28.6% |
| Vip.com | — | — | — | — | 5.4% | 6.7% | 5.8% | 4% |