Quarterly ResultMay 12, 2026, 06:12 AM
JD.com Q1 Net Revenues $45.8B, Net Income $0.7B; Repurchases $631M
AI Summary
JD.com announced its first quarter 2026 financial results, with net revenues increasing 4.9% year-over-year to RMB315.7 billion ($45.8 billion). However, net income attributable to ordinary shareholders significantly decreased to RMB5.1 billion ($0.7 billion) from RMB10.9 billion in Q1 2025. JD Retail and JD Logistics demonstrated improved profitability, while New Businesses reported a substantial operating loss. The company also repurchased $631 million in shares and expanded its retail operations into Europe with the launch of Joybuy.
Key Highlights
- Net revenues increased 4.9% to RMB315.7 billion ($45.8 billion) for Q1 2026.
- Net income attributable to ordinary shareholders decreased to RMB5.1 billion ($0.7 billion).
- Non-GAAP net income attributable to ordinary shareholders was RMB7.4 billion ($1.1 billion).
- JD Retail income from operations rose to RMB15.0 billion ($2.2 billion), with a 5.6% operating margin.
- JD Logistics income from operations increased to RMB1.02 billion ($148 million), with a 1.7% operating margin.
- New Businesses reported an operating loss of RMB10.35 billion ($1.50 billion) for the quarter.
- The company repurchased $631 million of shares, approximately 1.6% of total shares outstanding.
- JD.com launched its online retail business, Joybuy, in Europe, expanding its presence.