Vipshop Holdings Ltd

VIPS · XNYS

CIK 1529192fmd_1MRWKQ94QNQVZ7Q9N08Y5AC6HKRetail Trade · Retail-Catalog & Mail-Order HousesTemplate: Standard

Coverage: Jan 01, 2010 to Dec 31, 2025, 16 periods

Income Statement · Annual · Millions · CNY
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	56,591	72,912	84,524	92,994	101,858	117,060	103,152	112,856	108,421	105,920
Cost of revenue	42,995	56,618	67,455	72,314	80,573	93,953	81,536	87,135	82,951	81,429
Gross profit	13,597	16,294	17,069	20,680	21,285	23,107	21,616	25,721	25,470	24,490
Total operating expenses	11,247	14,134	15,405	16,552	16,133	18,449	16,143	17,418	17,212	17,410
Operating income	2,708	2,690	2,421	4,773	5,860	5,582	6,197	9,104	9,173	8,136
Interest expense	85	82	160	86	67	14	24	23	58	90
Interest and investment income	107	101	243	217	449	671	764	780	810	802
Other non-operating income (expense)	(42)	(150)	326	169	1,159	291	1,880	883	814	779
Income before taxes	2,666	2,541	2,747	4,943	7,019	5,873	8,077	9,987	9,987	8,915
Income tax expense	602	626	567	984	1,130	1,223	1,759	1,866	2,316	1,799
Net income from continuing operations	2,064	1,915	2,180	3,959	5,889	4,651	6,318	8,121	7,672	7,116
Net income	1,993	1,892	2,133	3,986	5,919	4,693	6,312	8,117	7,740	7,242
Net income to common shareholders	2,037	1,950	2,129	4,017	5,907	4,681	6,299	8,117	7,740	7,242