Quarterly ResultMay 12, 2026, 05:47 AM
JD.com Q1 Revenue +4.9% to $45.8B; Net Income $0.7B, down 53.3%
AI Summary
JD.com reported Q1 2026 net revenues of RMB315.7 billion (US$45.8 billion), a 4.9% increase year-over-year. However, net income attributable to ordinary shareholders significantly decreased by 53.3% to RMB5.1 billion (US$0.7 billion). JD Retail showed strong performance with a 17.2% increase in income from operations, while New Businesses experienced a substantial widening of operating losses. The company also announced a US$631 million share repurchase and disclosed a RMB0.6 billion regulatory fine from the SAMR. Additionally, Mr. Richard Qiangdong Liu was granted restricted share units in four key subsidiaries.
Key Highlights
- Net revenues increased by 4.9% to RMB315.7 billion (US$45.8 billion) for Q1 2026.
- Net income attributable to ordinary shareholders was RMB5.1 billion (US$0.7 billion), down 53.3% YoY.
- Non-GAAP diluted net income per ADS was RMB5.12 (US$0.74), down from RMB8.41 YoY.
- JD Retail income from operations rose to RMB15.0 billion (US$2.2 billion), up from RMB12.8 billion YoY.
- New Businesses operating loss widened significantly to RMB10.35 billion (US$1.5 billion).
- The company repurchased US$631 million of shares, representing approximately 1.6% of outstanding shares.
- A regulatory fine of RMB0.6 billion (US$0.1 billion) was imposed by the SAMR.
- Mr. Richard Qiangdong Liu was granted RSUs representing 2% of issued share capital in four subsidiaries.