VIPS
Vipshop Holdings LtdVipshop Holdings Ltd reported revenue of CNY 105.92B in its most recent fiscal year, down 2.3% on the year before. It kept 6.8% of that as net income, and generated CNY 5.47B of free cash flow. Figures below are compared against other companies classified under Retail-Catalog & Mail-Order Houses.
Grades vs. industry
Growth
| Metric | Company | Industry median | Rank |
|---|---|---|---|
Revenue growth (YoY) Latest fiscal year revenue vs. the year before. | -2.3% | 5.3% | 20 / 28 |
Revenue growth (3y) Annualized revenue growth over three fiscal years. | 0.9% | 0.2% | 12 / 27 |
Revenue growth (5y) Annualized revenue growth over five fiscal years. | 0.8% | 4.0% | 18 / 25 |
EPS growth (YoY) Diluted EPS vs. the prior fiscal year. | -1.4% | -0.0% | 6 / 10 |
EPS growth (3y) Annualized diluted EPS growth over three fiscal years. | 12.9% | 7.9% | 3 / 6 |
EPS growth (5y) Annualized diluted EPS growth over five fiscal years. | 10.6% | 5.0% | 3 / 8 |
Free cash flow growth (YoY) Operating cash flow less capital expenditure, vs. prior year. | -14.6% | 9.3% | 10 / 16 |
Free cash flow growth (3y) Annualized free cash flow growth over three fiscal years. | -12.2% | 14.1% | 8 / 11 |
top third of peersmiddle thirdbottom third. Rank 1 is always best — for debt and payout ratios that means the lowest figure, not the highest.
“Not reported” means the company did not tag this figure in its filing, not that the value is zero. Rankings are hidden where fewer than 5 classified peers reported the metric, and compare against a broad industry code rather than close competitors.
Profitability
| Metric | Company | Industry median | Rank |
|---|---|---|---|
Gross margin Gross profit as a share of revenue. Often unreported. | 23.1% | 43.6% | 23 / 26 |
Operating margin Operating income as a share of revenue. | 7.7% | 0.1% | 3 / 27 |
Net margin Net income as a share of revenue. | 6.8% | -1.7% | 3 / 28 |
Free cash flow margin Free cash flow as a share of revenue. | 5.2% | 2.3% | 3 / 26 |
Return on equity Net income divided by shareholder equity. | 17.7% | -1.8% | 9 / 26 |
Return on assets Net income divided by total assets. | 9.2% | -2.5% | 5 / 29 |
Return on invested capital After-tax operating profit over debt plus equity less cash. | 27.2% | 1.1% | 4 / 19 |
top third of peersmiddle thirdbottom third. Rank 1 is always best — for debt and payout ratios that means the lowest figure, not the highest.
“Not reported” means the company did not tag this figure in its filing, not that the value is zero. Rankings are hidden where fewer than 5 classified peers reported the metric, and compare against a broad industry code rather than close competitors.
Financial health
| Metric | Company | Industry median | Rank |
|---|---|---|---|
Debt to equity Total debt divided by shareholder equity. | 0.14x | 0.33x | 6 / 17 |
Current ratio Current assets over current liabilities. | 1.28x | 1.23x | 11 / 29 |
Quick ratio Current assets excluding inventory, over current liabilities. | 1.11x | 0.93x | 11 / 29 |
Interest coverage Operating income divided by interest expense. | 90.36x | 2.61x | 4 / 20 |
Net debt to EBITDA Net debt over derived EBITDA. EBITDA is not a GAAP tag; it is computed. | -2.37x | -2.45x | 9 / 15 |
top third of peersmiddle thirdbottom third. Rank 1 is always best — for debt and payout ratios that means the lowest figure, not the highest.
“Not reported” means the company did not tag this figure in its filing, not that the value is zero. Rankings are hidden where fewer than 5 classified peers reported the metric, and compare against a broad industry code rather than close competitors.
Debt figures can be understated where a filer splits borrowings across XBRL tags this site does not match.
Insider activity
Trades reported by officers, directors and 10% shareholders on SEC Form 4. None of the last 4 reported transactions were open-market purchases — grants, option exercises and sales make up the majority of insider filings at most companies.
| Date | Insider | Transaction | Shares | Price | Value |
|---|---|---|---|---|---|
| Oct 13, 2026 | Li Tianmin Chief Technology Officer | Open-market sale | 2,394 | $64.06 | $153.4K |
| Oct 13, 2026 | Liu Chun Director | Open-market sale | 181 | $63.85 | $11.6K |
| Sep 8, 2026 | Wang Yuhua Chief Financial Officer | Open-market sale | 2,499 | $64.95 | $162.3K |
| Sep 8, 2026 | Yang Donghao Director | Open-market sale | 479 | $64.80 | $31.0K |
A dash under price or value means none was reported, which is normal for grants and gifts — it does not mean the shares were free. Option exercises and awards are compensation arriving on a schedule, not a judgement about the stock.
Annual financials
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CNY 105.92B | CNY 108.42B | CNY 112.86B | CNY 103.15B | CNY 117.06B | CNY 101.86B | CNY 92.99B | CNY 84.52B | CNY 72.91B | CNY 56.59B |
| Gross profit | CNY 24.49B | CNY 25.47B | CNY 25.72B | CNY 21.62B | CNY 23.11B | CNY 21.29B | CNY 20.68B | CNY 17.07B | CNY 16.29B | CNY 13.60B |
| Operating income | CNY 8.14B | CNY 9.17B | CNY 9.10B | CNY 6.20B | CNY 5.58B | CNY 5.86B | CNY 4.77B | CNY 2.42B | CNY 2.69B | CNY 2.71B |
| Net income | CNY 7.24B | CNY 7.74B | CNY 8.12B | CNY 6.31B | CNY 4.69B | CNY 5.92B | CNY 3.99B | CNY 2.13B | CNY 1.89B | CNY 1.99B |
| EPS (diluted) | CNY 70.74 | CNY 71.76 | CNY 72.11 | CNY 49.15 | CNY 33.74 | CNY 42.79 | CNY 29.58 | CNY 15.61 | CNY 15.94 | CNY 16.86 |
| Operating cash flow | CNY 7.45B | CNY 9.13B | CNY 14.41B | CNY 10.52B | CNY 6.74B | CNY 11.82B | CNY 12.29B | CNY 5.75B | CNY 981.25M | CNY 2.83B |
| Capital expenditure | CNY 1.99B | CNY 2.72B | CNY 2.17B | CNY 2.43B | CNY 2.73B | CNY 2.24B | CNY 3.30B | CNY 2.52B | CNY 2.20B | CNY 1.97B |
| Free cash flow | CNY 5.47B | CNY 6.41B | CNY 12.25B | CNY 8.09B | CNY 4.01B | CNY 9.58B | CNY 8.99B | CNY 3.23B | -CNY 1.22B | CNY 863.77M |
| Total assets | CNY 78.84B | CNY 74.94B | CNY 72.32B | CNY 65.48B | CNY 62.29B | CNY 58.94B | CNY 48.58B | CNY 43.56B | CNY 37.98B | CNY 25.09B |
| Shareholder equity | CNY 41.00B | CNY 39.97B | CNY 36.96B | CNY 32.75B | CNY 32.63B | CNY 28.50B | CNY 21.83B | CNY 17.26B | CNY 14.29B | CNY 5.73B |
| Total debt | CNY 5.84B | CNY 2.40B | CNY 1.43B | CNY 2.69B | CNY 1.98B | CNY 1.04B | CNY 1.16B | CNY 1.34B | CNY 907.31M | — |
| Cash | CNY 22.99B | CNY 26.35B | CNY 25.41B | CNY 21.94B | CNY 16.30B | CNY 12.00B | CNY 6.57B | CNY 9.54B | CNY 9.97B | CNY 4.11B |
A dash means the figure was not tagged in that year’s filing. It does not mean zero. Figures reflect the most recent filing covering each period, so restated years show their restated values.
Amounts are in CNY, as the company reports them. Nothing here is converted to dollars, so these figures cannot be compared directly against a company reporting in another currency. Margins, returns and other ratios are unaffected.
Source
Figures come from Vipshop Holdings Ltd’s filings with the SEC, as submitted in XBRL. The most recent annual figures are from a 20-F filed Apr 16, 2026. View filings on EDGAR.