VIPS Vipshop Holdings Limited American Depositary Shares, each representing two ordinary shares
NYSE · Retail · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Apr 16, 2026VIPS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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| Ex-date | Split | Type |
|---|---|---|
| Nov. 4, 2014 | 10-for-1 | Forward |
About Vipshop Holdings Limited American Depositary Shares, each representing two ordinary shares Company overview from Wikipedia
Vipshop (Chinese: 唯品会; pinyin: Wei Pin Hui) is a Chinese company that operates the e-commerce website VIP.com (formerly Vipshop.com) specializing in online discount sales. Vipshop is based out of Guangzhou, Guangdong, China, and was listed on New York Stock Exchange (NYSE) on March 23, 2012.
As of 2017, Vipshop had 52.1 million customers, and there were 269.8 million orders for the year 2016. Following Tmall and JD.com, it became the third largest e-commerce site in China.
According to the US Fortune magazine, VIP.com ranked the 115th in its 2017 China 500 listing as well as the top 3 B2C e-commerce retailer. The 2017 Top 250 Global Powers of Retailing co-authored by Deloitte and STORES Media listed VIP.com as the world's fastest growing retailer. And in BrandZ™ Top 100 Most Valuable Chinese Brands 2017, VIP.com ranked 40th.
History
8 December 2008: Vipshop.com went online
2010 and 2011: Completed 2 rounds of VC financing at 70 million US dollars
March 2012: Listed on New York Stock Exchange (VIPS)
November 2013: Transferred to new domain name VIP.com
September 2014: Launched VIP International
2015: Began to run its own logistics & distribution system
2016: Launched INTERNET financing business "Wei pin Hua" (Chinese: 唯品花; pinyin: Wei Pin Hua)
2017: Announced to spin off financing service and reconstruct its logistics business
Sales model
According to I Research, VIP.com's on-line discount sales model is one of the three mainstream e-commerce models in China (the other two are market place model of Tmall and general B2C model of JD). And VIP.com is ranked No.1 in China's on-line discount market with 38.1% market share.
According to the 2015 Q3-2016 Q4 "China B2C online shopping market share monitoring report" released by Analysys, VIP.com has ranked No.3 in terms of B2C market share consecutively for the last 6 quarters. VIP.com has become the world's largest flash sale platform as well as the third-largest online retailer in China.
Metrics
According to VIP.com, over 20,000 brands have cooperated with VIP.com, serving more than 300 million users across China; of the total, more than 2,200 brands have developed exclusive online cooperation with VIP.com. Following Tmall and JingDong, VIP.com is now the third largest e-commerce site in China.
In 2016, VIP.com reported annual net revenue of US$2.73 billion and a total of 269.8 million orders.
As of March 31, 2017, VIP.com had been profitable for 18 consecutive quarters.
The revenue of VIP.com in first quarter of 2020 only reached CN¥18.8 billion. The yoy rate of first-quarter revenue is -11.85% compare to 2019.
In August 2020, VIP.com released financial report for second quarter with net revenue of CN¥ 24.1 billion and net profit of CN¥1.536 billion.
Financial services
Internet Finance Division was founded at the end of 2015. With one year's development, "VIP Expense", a consumer finance product, had attracted 5 million new users. Currently, 15% of orders at Vip.com are paid through the "VIP Expense".
During the "12.8" Anniversary celebration sales period in 2016, the average transaction value per customer paid through "VIP Expense" was 45% higher than that of the overall transaction and the user activity rate improved by 27%.
In 2016, the average monthly new user growth of "VIP Expense" stood above 30%.
== References ==
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | VIPS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | 0.35Y avg ≈0.2 | ≈0.2 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | VIPS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin | 23.1%5Y avg ≈22.0% | ≈22.0% | · | · | |
| Operating Margin | 7.7%5Y avg ≈7.0% | ≈7.0% | · | · | |
| EBITDA Margin | 7.7%5Y avg ≈7.0% | ≈7.0% | · | · | |
| Pretax Margin | 8.4%5Y avg ≈7.9% | ≈7.9% | · | · | |
| Net Profit Margin | 6.8%5Y avg ≈6.3% | ≈6.3% | · | · | |
| ROA | 9.4%5Y avg ≈9.9% | ≈9.9% | · | · | |
| ROE | 17.9%5Y avg ≈19.3% | ≈19.3% | · | · | |
| ROIC | 13.9%5Y avg ≈15.2% | ≈15.2% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | VIPS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity | 0.15Y avg ≈0.1 | ≈0.1 | · | · | |
| Current Ratio | 1.35Y avg ≈1.2 | ≈1.2 | · | · | |
| Quick Ratio | 1.05Y avg ≈0.9 | ≈0.9 | · | · | |
| Interest Coverage | 90.45Y avg ≈257.6 | ≈257.6 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | VIPS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 1.45Y avg ≈1.6 | ≈1.6 | · | · | |
| Inventory Turnover | 16.05Y avg ≈14.7 | ≈14.7 | · | · | |
| Receivables Turnover | 117.45Y avg ≈181.8 | ≈181.8 | · | · | |
| Revenue / Employee | ≈$7.0M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Apr 10, 2026 | $0.62 | USD | ≈4.1% |
| Apr 11, 2025 | $0.48 | USD | ≈3.8% |
| Mar 14, 2024 | $0.43 | USD | ≈2.5% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 25, 2026 | $0.80 | $3.96 | -79.8% |
| March 31, 2026 | May 21, 2026 | $4.68 | $4.70 | -0.44% |
| Dec. 31, 2025 | $5.66 | $5.53 | 2.3% | |
| Sept. 30, 2025 | $2.98 | $2.98 | -0.01% | |
| June 30, 2025 | $4.06 | $4.05 | 0.30% | |
| March 31, 2025 | $4.43 | $4.42 | 0.14% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $105.92B | $108.42B | $112.86B | $103.15B | $117.06B | $101.86B | $92.99B | $84.52B | $72.91B | $56.59B | $40.20B | $23.13B | |
| Cost of Revenue | $81.43B | $82.95B | $87.14B | $81.54B | $93.95B | $80.57B | $72.31B | $67.45B | $56.62B | $42.99B | $30.31B | $17.38B | |
| Gross Profit | $24.49B | $25.47B | $25.72B | $21.62B | $23.11B | $21.29B | $20.68B | $17.07B | $16.29B | $13.60B | $9.90B | $5.75B | |
| SG&A Expense | $4.37B | $3.99B | $4.15B | $4.46B | $4.19B | $3.75B | $4.06B | $2.67B | $2.45B | $1.94B | $1.30B | $967M | |
| Operating Expenses | $17.41B | $17.21B | $17.42B | $16.14B | $18.45B | $16.13B | $16.55B | $15.40B | $14.13B | $11.25B | $8.13B | $5.07B | |
| Operating Income | $8.14B | $9.17B | $9.10B | $6.20B | $5.58B | $5.86B | $4.77B | $2.42B | $2.69B | $2.71B | $2.07B | $834M | |
| Interest Expense | $90M | $58M | $23M | $24M | $14M | $67M | $86M | $160M | $82M | $85M | $86M | $75M | |
| Interest Income | $802M | $810M | $780M | $764M | $671M | $449M | $217M | $243M | $101M | $107M | $267M | $289M | |
| Other Non-op | $779M | $814M | $883M | $1.88B | $291M | $1.16B | $169M | $326M | $-150M | $-42M | $-20M | · | |
| Pretax Income | $8.91B | $9.99B | $9.99B | $8.08B | $5.87B | $7.02B | $4.94B | $2.75B | $2.54B | $2.67B | $2.05B | $1.06B | |
| Income Tax | $1.80B | $2.32B | $1.87B | $1.76B | $1.22B | $1.13B | $984M | $567M | $626M | $602M | $458M | $245M | |
| Net Income | $7.24B | $7.74B | $8.12B | $6.31B | $4.69B | $5.92B | $3.99B | $2.13B | $1.89B | $1.99B | $1.51B | $753M | |
| EPS (Basic) | $72.37 | $72.97 | $73.32 | $49.51 | $34.38 | $43.73 | $30.08 | $16.09 | $16.59 | $17.57 | $13.74 | $7.42 | |
| EPS (Diluted) | $70.74 | $71.76 | $72.11 | $49.15 | $33.74 | $42.79 | $29.58 | $15.61 | $15.94 | $16.86 | $13.23 | $7.00 | |
| Shares (Basic) | 100,072,178 | 106,074,914 | 110,695,778 | 127,235,048 | 136,175,112 | 135,077,790 | 133,524,129 | 132,266,157 | 117,554,229 | 115,958,088 | 115,736,092 | 113,310,682 | |
| Shares (Diluted) | 102,383,890 | 107,855,806 | 112,552,398 | 128,157,304 | 138,745,022 | 138,036,010 | 136,081,415 | 140,083,610 | 125,715,833 | 125,817,183 | 120,168,063 | 120,227,584 | |
| EBITDA | $8.14B | $9.17B | $9.10B | $6.20B | $5.58B | $5.86B | $4.77B | $2.42B | $2.69B | $2.71B | $2.07B | $136M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $22.99B | $26.35B | $25.41B | $21.94B | $16.30B | $12.00B | $6.57B | $9.54B | $9.97B | $4.11B | $3.32B | $4.79B | |
| Short-term Investments | $5.78B | $1.87B | $1.98B | $1.60B | $5.38B | $7.33B | $3.05B | $2.32B | $246M | · | · | · | |
| Receivables | $889M | $915M | $779M | $568M | $459M | $335M | $1.30B | $5.67B | $4.80B | $2.33B | $351M | $41M | |
| Inventory | $5.15B | $5.03B | $5.64B | $5.52B | $6.87B | $7.64B | $7.71B | $5.37B | $6.96B | $4.95B | $4.57B | $3.59B | |
| Prepaid Expense | $75M | $96M | $76M | $59M | $64M | $55M | $62M | $119M | $152M | $92M | $52M | $21M | |
| Current Assets | $39.58B | $37.80B | $37.56B | $33.73B | $32.84B | $31.17B | $23.03B | $27.33B | $25.92B | $14.58B | $12.15B | $13.22B | |
| PP&E (Net) | $18.31B | $18.29B | $16.88B | $16.23B | $14.38B | $13.58B | $11.26B | $8.53B | $6.66B | $4.47B | $2.95B | $1.91B | |
| PP&E (Gross) | $27.57B | $26.56B | $23.90B | $22.19B | $19.45B | $17.82B | $14.83B | $10.89B | $8.32B | $5.54B | $3.45B | $2.12B | |
| Accum. Depreciation | $8.92B | $7.65B | $6.40B | $5.36B | $4.59B | $3.77B | $3.09B | $2.36B | $1.65B | $1.07B | $499M | $207M | |
| Goodwill | $755M | $755M | $755M | $755M | $589M | $594M | $237M | $367M | $367M | $367M | $109M | $60M | |
| Intangibles | $324M | $328M | $333M | $337M | $321M | $333M | $337M | $353M | $401M | $725M | $744M | $1.04B | |
| Other Non-current Assets | $351M | $434M | $148M | $92M | $296M | $100M | $608M | $396M | $367M | $511M | $1.94B | $41M | |
| Total Assets | $78.84B | $74.94B | $72.32B | $65.48B | $62.29B | $58.94B | $48.58B | $43.56B | $37.98B | $25.09B | $20.04B | $16.95B | |
| Accounts Payable | $12.54B | $15.19B | $17.26B | $15.02B | $13.14B | $15.19B | $13.79B | $11.63B | $11.45B | $8.33B | $6.65B | $6.12B | |
| Accrued Liabilities | $9.94B | $9.66B | $9.56B | $8.39B | $7.66B | $7.70B | $6.53B | $5.51B | $3.54B | $3.32B | $3.10B | $2.34B | |
| Short-term Debt | $5.84B | $2.40B | $1.43B | $2.69B | $1.98B | $1.04B | $1.09B | $1.34B | $907M | · | $95M | · | |
| Current Liabilities | $30.88B | $29.93B | $30.62B | $28.53B | $25.77B | $26.57B | $23.93B | $25.95B | $19.26B | $14.58B | $12.17B | $10.16B | |
| Capital Leases | $557M | $592M | $689M | $833M | $953M | $1.36B | $1.40B | · | · | · | · | · | |
| Deferred Tax | $707M | $784M | · | · | · | · | $165M | $5M | $17M | $101M | $175M | $243M | |
| Other Non-current Liabilities | · | · | · | $0 | $272M | $121M | · | · | · | · | · | · | |
| Total Liabilities | $34.40B | $33.39B | $33.76B | $31.40B | $28.46B | $29.56B | $26.33B | $26.35B | $23.73B | $19.31B | $16.42B | $14.25B | |
| Long-term Debt | · | · | · | · | · | · | $65M | · | · | · | · | · | |
| Total Debt | $5.84B | $2.40B | $1.43B | $2.69B | $1.98B | $1.04B | $1.09B | $1.34B | $907M | · | $95M | · | |
| Paid-in Capital | $1.50B | $4.91B | $4.44B | $13.09B | $12.23B | $10.82B | $9.96B | $9.39B | $8.72B | $3.13B | $2.84B | $2.54B | |
| Retained Earnings | $48.59B | $42.91B | $36.84B | $28.72B | $22.42B | $17.74B | $11.92B | $7.91B | $5.60B | $3.65B | $1.62B | $27M | |
| Treasury Stock | $7.88B | $7.04B | $3.62B | $8.35B | $1.93B | · | · | · | · | $707M | $845M | · | |
| AOCI | $-1.21B | $-807M | $-696M | $-708M | $-89M | $-59M | $-57M | $-31M | $-24M | $-344M | $-71M | $-11M | |
| Stockholders' Equity | $41.00B | $39.97B | $36.96B | $32.75B | $32.63B | $28.50B | $21.83B | $17.26B | $14.29B | $5.73B | $3.54B | $2.55B | |
| Liabilities + Equity | $78.84B | $74.94B | $72.32B | $65.48B | $62.29B | $58.94B | $48.58B | $43.56B | $37.98B | $25.09B | $20.04B | $16.95B |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $1.73B | $1.54B | $1.51B | $1.21B | $1.01B | $951M | $688M | $671M | $667M | $476M | $303M | $225M | |
| Deferred Tax | · | · | · | · | · | · | · | · | · | · | $-103M | $-219M | |
| Amort. of Intangibles | $4M | $4M | $4M | $3M | $12M | $37M | $16M | $48M | $341M | $364M | $290M | $250M | |
| Operating Cash Flow | $7.45B | $9.13B | $14.41B | $10.52B | $6.74B | $11.82B | $12.29B | $5.75B | $981M | $2.83B | $1.92B | $3.26B | |
| CapEx | $1.99B | $2.72B | $2.17B | $2.43B | $2.73B | $2.24B | $3.30B | $2.52B | $2.20B | $1.97B | $2.18B | $1.59B | |
| Investing Cash Flow | $-8.30B | $-3.57B | $-5.16B | $1.05B | $-2.33B | $-6.70B | $-8.24B | $-6.69B | $-2.03B | $-1.67B | $-2.94B | · | |
| Stock Repurchased | $4.94B | $3.87B | $5.11B | $6.26B | $1.94B | · | · | · | · | $194M | $650M | · | |
| Net Stock Activity | $-4.94B | $-3.87B | $-5.11B | $-6.26B | $-1.94B | · | · | · | · | $-194M | $-650M | · | |
| Dividends Paid | $1.80B | $1.68B | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-1.94B | $-4.97B | $-6.15B | $-5.57B | $-59M | $-21M | $-6.26B | $587M | $7.17B | $-393M | $-539M | · | |
| Net Change in Cash | $-2.83B | $657M | $3.19B | $5.93B | $4.36B | $5.09B | $-2.32B | $-184M | $6.11B | $785M | $-1.47B | $2.76B | |
| Taxes Paid | $2.44B | $2.17B | $1.78B | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $5.47B | $6.41B | $12.25B | $8.09B | $4.01B | $9.58B | $8.99B | $3.23B | $-1.22B | $864M | $-268M | $250M | |
| Levered FCF | $5.40B | $6.36B | $12.23B | $8.07B | $4.00B | $9.53B | $8.92B | $3.10B | $-1.28B | $798M | $-335M | $240M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.1% | 23.5% | 22.8% | 21.0% | 19.7% | 20.9% | 22.2% | 20.2% | 22.4% | 24.0% | 24.6% | 24.9% | |
| Operating Margin | 7.7% | 8.5% | 8.1% | 6.0% | 4.8% | 5.8% | 5.1% | 2.9% | 3.7% | 4.8% | 5.1% | 3.6% | |
| Net Margin | 6.8% | 7.2% | 7.3% | 6.1% | 4.0% | 5.8% | 4.3% | 2.5% | 2.6% | 3.5% | 3.8% | 3.2% | |
| Pretax Margin | 8.4% | 9.2% | 8.8% | 7.8% | 5.0% | 6.9% | 5.3% | 3.2% | 3.5% | 4.7% | 5.1% | 4.6% | |
| EBITDA Margin | 7.7% | 8.5% | 8.1% | 6.0% | 4.8% | 5.8% | 5.1% | 2.9% | 3.7% | 4.8% | 5.1% | 3.6% | |
| ROA | 9.4% | 10.7% | 11.9% | 9.9% | 7.7% | 11.0% | 8.6% | 5.2% | 6.0% | 8.8% | 8.2% | 6.5% | |
| ROE | 17.9% | 20.4% | 23.5% | 19.3% | 15.3% | 23.5% | 20.4% | 13.5% | 18.9% | 43.0% | 49.5% | 37.5% | |
| ROIC | 13.9% | 16.6% | 19.3% | 13.7% | 12.8% | 16.6% | 16.7% | 10.3% | 13.3% | 36.6% | 44.3% | 25.4% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.3 | 1.3 | 1.2 | 1.2 | 1.3 | 1.2 | 1.0 | 1.1 | 1.3 | 1.0 | 1.0 | 1.3 | |
| Quick Ratio | 1.0 | 1.0 | 0.9 | 0.8 | 0.9 | 0.7 | 0.5 | 0.7 | 0.8 | 0.4 | 0.3 | 0.5 | |
| Debt / Equity | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | · | 0.0 | · | |
| Interest Coverage | 90.4 | 159.0 | 397.0 | 255.5 | 386.0 | 87.0 | 55.5 | 15.2 | 32.6 | 31.8 | 24.1 | 11.1 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.4 | 1.5 | 1.6 | 1.6 | 1.9 | 1.9 | 2.0 | 2.1 | 2.3 | 2.5 | 2.2 | 2.0 | |
| Inventory Turnover | 16.0 | 15.5 | 15.6 | 13.2 | 13.0 | 10.5 | 11.1 | 11.8 | 9.5 | 9.0 | 7.4 | 6.7 | |
| Receivables Turnover | 117.4 | 128.0 | 167.6 | 200.9 | 295.0 | 125.0 | 26.7 | 15.4 | 20.4 | 42.1 | 204.7 | 269.0 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $1034.53 | $1005.24 | $1002.70 | $804.89 | $843.70 | $737.91 | $683.37 | $603.38 | $579.98 | $449.79 | · | · | |
| Cash Flow / Share | $72.81 | $84.64 | $128.07 | $82.08 | $48.61 | $85.63 | $90.31 | $41.02 | $7.81 | $22.50 | · | · | |
| EPS (TTM) | $70.74 | $71.76 | $72.11 | $49.15 | $33.74 | $42.79 | $29.58 | $15.61 | $15.94 | $16.86 | $13.23 | $7.00 |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $105.92B | $108.42B | $112.86B | $103.15B | $117.06B | $101.86B | $92.99B | $84.52B | $72.91B | $56.59B | $40.20B | $23.13B | |
| Net Income TTM | $7.24B | $7.74B | $8.12B | $6.31B | $4.69B | $5.92B | $3.99B | $2.13B | $1.89B | $1.99B | $1.51B | $753M | |
| P/E | 0.3 | 0.2 | 0.2 | 0.3 | 0.2 | 0.7 | 0.5 | 0.3 | 0.7 | 0.7 | 1.2 | 2.8 | |
| Earnings Yield | 399.9% | 532.7% | 406.0% | 360.3% | 401.7% | 152.2% | 208.8% | 285.9% | 136.0% | 153.1% | 86.6% | 35.8% | |
| Payout Ratio | 24.8% | · | · | · | · | · | · | · | · | · | · | · | |
| Annual Payout | $1.80B | $1.68B | · | · | · | · | · | · | · | · | · | · |
We don't have SEC filings for this ticker yet.
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $105.92B | $108.42B | $112.86B | $103.15B | $117.06B |
| Gross Margin % | 23.1% | 23.5% | 22.8% | 21.0% | 19.7% |
| Operating Margin % | 7.7% | 8.5% | 8.1% | 6.0% | 4.8% |
| Net Income | $7.24B | $7.74B | $8.12B | $6.31B | $4.69B |
| Diluted EPS | $70.74 | $71.76 | $72.11 | $49.15 | $33.74 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 |
| Current Ratio | 1.3 | 1.3 | 1.2 | 1.2 | 1.3 |
| Quick Ratio | 1.0 | 1.0 | 0.9 | 0.8 | 0.9 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $5.47B | $6.41B | $12.25B | $8.09B | $4.01B |
Institutional owners (13F) 309 filers · $3.1B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 43 (+8 vs prior Q) | 30 (-30 vs prior Q) | 90 (-8 vs prior Q) | 118 (+13 vs prior Q) | +10.0M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| FIL Ltd | $345,729,730 | 26,073,132 | 11.03% | Shares |
| BlackRock, Inc. | $252,685,781 | 19,056,243 | 8.06% | Shares |
| Invesco Ltd. | $245,906,714 | 18,545,001 | 7.85% | Shares |
| Robeco Institutional Asset Management B.V. | $181,325,343 | 13,674,611 | 5.79% | Shares |
| VANGUARD GROUP INC | $179,518,420 | 10,148,017 | 5.73% | Shares |
| Krane Funds Advisors LLC | $136,807,730 | 10,317,325 | 4.37% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $109,293,469 | 8,246,644 | 3.49% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $90,241,620 | 6,805,552 | 2.88% | Shares |
| STATE STREET CORP | $89,219,724 | 6,728,486 | 2.85% | Shares |
| Carmignac Gestion | $65,166,153 | 4,920,324 | 2.08% | Shares |
| Ranmore Fund Management Ltd | $51,051,000 | 3,850,000 | 1.63% | Shares |
| Allianz Asset Management GmbH | $48,842,096 | 3,683,416 | 1.56% | Shares |
| Orbis Allan Gray Ltd | $47,665,855 | 3,594,710 | 1.52% | Shares |
| HHLR ADVISORS, LTD. | $46,017,504 | 3,470,400 | 1.47% | Shares |
| AMERICAN CENTURY COMPANIES INC | $42,252,181 | 3,186,439 | 1.35% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $40,993,484 | 2,607,728 | 1.31% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $40,147,752 | 3,042,458 | 1.28% | Shares |
| D. E. Shaw & Co., Inc. | $39,224,605 | 2,958,115 | 1.25% | Shares |
| JUPITER ASSET MANAGEMENT LTD | $39,034,788 | 2,943,800 | 1.25% | Shares |
| TODD ASSET MANAGEMENT LLC | $38,075,881 | 2,871,479 | 1.21% | Shares |
| Marathon Asset Management Ltd | $36,576,857 | 2,758,415 | 1.17% | Shares |
| NORTHERN TRUST CORP | $32,963,936 | 2,485,968 | 1.05% | Shares |
| Legal & General Group Plc | $31,623,910 | 2,384,898 | 1.01% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $30,625,429 | 2,309,610 | 0.98% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $30,477,752 | 2,298,473 | 0.97% | Shares |
| FMR LLC | $29,300,052 | 2,209,657 | 0.93% | Shares |
| HSBC HOLDINGS PLC | $28,871,367 | 2,176,755 | 0.92% | Shares |
| TWO SIGMA INVESTMENTS, LP | $26,255,516 | 1,980,054 | 0.84% | Shares |
| MORGAN STANLEY | $26,138,843 | 1,971,254 | 0.83% | Shares |
| JPMORGAN CHASE & CO | $24,542,002 | 1,892,213 | 0.78% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $23,935,255 | 1,805,072 | 0.76% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $22,082,156 | 1,665,321 | 0.70% | Shares |
| Qube Research & Technologies Ltd | $21,763,041 | 1,641,255 | 0.69% | Shares |
| NORGES BANK | $20,881,477 | 1,574,772 | 0.67% | Shares |
| E Fund Management Co., Ltd. | $20,717,915 | 1,562,437 | 0.66% | Shares |
| AMERIPRISE FINANCIAL INC | $20,123,191 | 1,517,586 | 0.64% | Shares |
| GOLDMAN SACHS GROUP INC | $19,692,519 | 1,485,107 | 0.63% | Shares |
| UBS Group AG | $19,336,806 | 1,458,281 | 0.62% | Shares |
| CITADEL ADVISORS LLC | $18,114,645 | 1,366,112 | 0.58% | Shares |
| Russell Investments Group, Ltd. | $17,383,615 | 1,336,163 | 0.55% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $17,263,274 | 1,301,906 | 0.55% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $17,198,379 | 1,297,012 | 0.55% | Shares |
| DEUTSCHE BANK AG\ | $15,602,485 | 1,176,658 | 0.50% | Shares |
| Grantham, Mayo, Van Otterloo & Co. LLC | $14,624,083 | 1,102,872 | 0.47% | Shares |
| SEI INVESTMENTS CO | $14,291,913 | 1,077,814 | 0.46% | Shares |
| Mitsubishi UFJ Trust & Banking Corp | $13,840,284 | 1,043,762 | 0.44% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $13,209,872 | 1,060,344 | 0.42% | Shares |
| STOREBRAND ASSET MANAGEMENT AS | $12,764,010 | 962,595 | 0.41% | Shares |
| BANK OF AMERICA CORP /DE/ | $12,758,228 | 962,159 | 0.41% | Shares |
| Polymer Capital Management (HK) LTD | $11,977,758 | 903,300 | 0.38% | Shares |
Activists & 5%+ owners 5 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Tencent Mobility Limited, Tencent Holdings Limited | May 22, 2025 | 14.80% | Amendment | · | SEC |
| OR ×4 filings | Dec. 16, 2019 | · | Initial filing | · | SEC |
| Sequoia Capital China II, L.P. IRS Identification No., Sequoia Capital China Partners Fund II, L.P. IRS Identification No., Sequoia Capital China Principals Fund II, L.P. IRS Identification No., Sequoia Capital China Management II, L.P. IRS Identification No., Sequoia Capital 2010 CV Holdco, Ltd. IRS Identification No., Sequoia Capital China Venture 2010 Fund, L.P. IRS Identification No., SC China Venture 2010 Management, L.P. IRS Identification No., SC China Holding Limited IRS Identification No. – N/A, SNP China Enterprises Limited IRS Identification No. – N/A, Sequoia Capital China UR Holdings Limited IRS Identification No. – N/A, Neil Nanpeng Shen ×10 filings | Aug. 3, 2016 | · | Initial filing | · | SEC |
| Advanced Sea International Limited, Jacky Xu ×2 filings | Feb. 11, 2015 | · | Initial filing | · | SEC |
| K. David Chao (“Chao”), Peter W. Moran (“Moran”), Thomas Blaisdell (“Blaisdell”), Jason Krikorian (“Krikorian”) ×6 filings | Dec. 18, 2014 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 4 insiders · 2 officers · 2 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Yuhua Wang | Chief Financial Officer | Sept. 8, 2026 S | 48,868 | 0 | 2 | $-341,262 |
| Tianmin Li | Chief Technology Officer | July 7, 2026 S | 63,059 | 0 | 2 | $-363,137 |
| Donghao Yang | Director | Sept. 8, 2026 S | 72,703 | 0 | 2 | $-58,551 |
| Chun Liu | Director | July 7, 2026 S | 6,119 | 0 | 2 | $-23,005 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 41 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| PGJ · Invesco Exchange-Traded Fund Trust | 3.82% | 258,816 SH | Oct. 1, 2026 | Daily |
| EBIZ · Global X Funds | 3.34% | 61,879 NS | July 31, 2026 | N-PORT |
| CHIQ · Global X Funds | 1.65% | 139,311 NS | July 31, 2026 | N-PORT |
| TIIV · ETF Series Solutions | 1.41% | 30,168 NS | July 31, 2026 | N-PORT |
| TCHI · iShares Trust | 0.79% | 26,961 SH | Sept. 11, 2026 | Daily |
| EVLU · iShares Trust | 0.23% | 3,746 SH | Sept. 11, 2026 | Daily |
| PXH · Invesco Exchange-Traded Fund Trust … | 0.19% | 316,198 SH | Oct. 1, 2026 | Daily |
| JIVE · J.P. Morgan Exchange-Traded Fund Tr… | 0.17% | 375,971 NS | July 31, 2026 | N-PORT |
| MCHI · iShares Trust | 0.14% | 687,691 SH | Sept. 11, 2026 | Daily |
| PNQI · Invesco Exchange-Traded Fund Trust | 0.14% | 57,985 SH | Oct. 1, 2026 | Daily |
| DFSE · Dimensional ETF Trust | 0.13% | 50,988 NS | July 31, 2026 | N-PORT |
| DFEV · Dimensional ETF Trust | 0.12% | 156,196 NS | July 31, 2026 | N-PORT |
| EMGF · iShares, Inc. | 0.11% | 172,984 SH | Sept. 11, 2026 | Daily |
| DFEM · Dimensional ETF Trust | 0.10% | 571,297 NS | July 31, 2026 | N-PORT |
| EQLT · iShares Trust | 0.10% | 970 SH | Sept. 11, 2026 | Daily |
| ESGE · iShares, Inc. | 0.08% | 449,759 SH | Sept. 11, 2026 | Daily |
| BKF · iShares, Inc. | 0.08% | 4,460 SH | Sept. 11, 2026 | Daily |
| LDEM · iShares Trust | 0.07% | 2,013 SH | Sept. 11, 2026 | Daily |
| EMXF · iShares Trust | 0.06% | 8,137 SH | Sept. 11, 2026 | Daily |
| DFAE · Dimensional ETF Trust | 0.05% | 290,495 NS | July 31, 2026 | N-PORT |
| EEMA · iShares, Inc. | 0.04% | 29,971 SH | Sept. 11, 2026 | Daily |
| GLOF · iShares Trust | 0.04% | 6,514 SH | Sept. 11, 2026 | Daily |
| SPWO · SP Funds Trust | 0.04% | 5,092 NS | July 31, 2026 | N-PORT |
| DFAX · Dimensional ETF Trust | 0.04% | 285,774 NS | July 31, 2026 | N-PORT |
| BKEM · BNY Mellon ETF Trust | 0.04% | 2,101 NS | July 31, 2026 | N-PORT |
| BBEM · J.P. Morgan Exchange-Traded Fund Tr… | 0.04% | 18,080 NS | July 31, 2026 | N-PORT |
| DEHP · Dimensional ETF Trust | 0.04% | 9,630 NS | July 31, 2026 | N-PORT |
| AAXJ · iShares Trust | 0.03% | 102,662 SH | Sept. 11, 2026 | Daily |
| EEM · iShares, Inc. | 0.03% | 690,398 SH | Sept. 11, 2026 | Daily |
| IEMG · iShares, Inc. | 0.02% | 3,154,753 SH | Sept. 11, 2026 | Daily |
| JEMA · J.P. Morgan Exchange-Traded Fund Tr… | 0.02% | 24,962 NS | July 31, 2026 | N-PORT |
| VWO · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.02% | 2,912,507 SH | Aug. 19, 2026 | Daily |
| AQLT · iShares Trust | 0.01% | 2,841 SH | Sept. 11, 2026 | Daily |
| ACWX · iShares Trust | 0.01% | 104,923 SH | Sept. 11, 2026 | Daily |
| VXUS · VANGUARD STAR FUNDS | 0.01% | 3,078,813 SH | Aug. 19, 2026 | Daily |
| VEU · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 488,557 SH | Aug. 19, 2026 | Daily |
| VYMI · VANGUARD WHITEHALL FUNDS | 0.01% | 103,368 SH | Aug. 19, 2026 | Daily |
| VSGX · VANGUARD WORLD FUND | 0.01% | 43,153 SH | Aug. 19, 2026 | Daily |
| IXUS · iShares Trust | 0.01% | 442,693 SH | Sept. 11, 2026 | Daily |
| ACWI · iShares Trust | 0.00% | 90,092 SH | Sept. 10, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 179,154 SH | Aug. 19, 2026 | Daily |
VIPS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
20 analysts · 2026-10-03Mean target $16.69 +35.4%
Latest News Recent headlines mentioning this company
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