D-Market Elektronik Hizmetler ve Ticaret A.S.(HEPS)Earnings, Financials & Key Ratios
HEPS•NASDAQ
$2.91
Price updated Jul 2, 2026
AboutD-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates www.hepsiburada.com, a retail website that provides its retail customers a range of merchandise, including electronics and non-electronics, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc. It also offers HepsiExpress, an app-in-app initiative and on-demand delivery service that delivers groceries, water, and flowers; HepsiJet that provides last- mile delivery services; HepsiLojistik, which offers storage and fulfillment services; HepsiMat, a pick-up and drop-off point; HepsiAd that provides advertising service and data driven insights; HepsiGlobal for discovering and purchasing products from international merchants online; Hepsipay, which offers an e-money and payment services; and HepsiFly for buying airline tickets online. The company was incorporated in 2000 and is headquartered in Istanbul, Turkey.Show more
- Revenue$84.65B+48.4%
- EBITDA$2.27B+9.9%
- Net Income-$5.7B-255.1%
- EPS (Diluted)-18.00-260.0%
- Gross Margin36.23%-3.4%
- EBITDA Margin2.68%-25.9%
- Operating Margin-1.07%-3686.2%
- Net Margin-6.73%-139.3%
- ROE-213.77%-438.8%
HEPS Price & Volume
D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) stock price & volume — 10-year historical chart
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Hyperinflationary Volatility Obscures E-commerce Profitability Path
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Strained
Cash Flow:Deteriorating
Primary Risk:Hyperinflationary Margin Volatility
Key Thesis Takeaways
- D-Market faces a challenging outlook characterized by erratic revenue growth and persistent net losses, with a 2026Q1 net loss of 992M highlighting the difficulty of achieving sustainable operating leverage.
- While the company maintains a significant market presence, the reliance on external financing to support operations is evidenced by a debt-to-equity ratio that has surged to 1.86.
- Investors should remain cautious as the firm struggles to reconcile high-cost logistics with a volatile macroeconomic environment, potentially limiting long-term value creation.
Verdict Logic
the company's inability to maintain positive free cash flow, which swung to a 3.1B outflow in 2026Q1, combined with a deteriorating current ratio of 0.82, presents substantial liquidity risks.
HEPS Growth Metrics
D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years41.03%
3 Years30.34%
TTM48.44%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-226.96%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-256.35%
Return on Capital
10 Years-100.79%
5 Years-100.79%
3 Years-12.38%
Last Year-22.23%
HEPS Recent Earnings
D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 0/12 qtrs (0%)●Beat Revenue 2/12 qtrs (33%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.06
—
Rev
$519M+0.0%
$519M
Q1 2026
Feb 26, 2026Metric
Actual
Est
EPS
$0.24
—
Rev
$15M-97.8%
$650M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.10
—
Rev
$478M
—
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$0.06
—
Rev
$420M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.06 | $519Mvs $519M+0.0% |
| Q1 2026 | Feb 26, 2026 | $0.24 | $15Mvs $650M-97.8% |
| Q4 2025 | Nov 5, 2025 | $0.10 | $478M |
| Q3 2025 | Jul 31, 2025 | $0.06 | $420M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $2.91 | $923.13M | -7.54 | 48.39% | -6.73% | -213.77% | — | |
| $1742.19 | $88.32B | 44.23 | 39.06% | 6.04% | 29.58% | — | |
| $102.33 | $62.68B | 40.61 | 36.38% | 6.92% | 15.18% | — | |
| $35.83 | $6.07B | 91.87 | 27.82% | 11.37% | 12.64% | — | |
| $18.13 | $32.54B | 164.82 | 14.09% | -0.58% | -3.67% | — | |
| $241.70 | $2.6T | 33.71 | 12.38% | 12.22% | 23.34% | — |
Compare HEPS vs Peers
D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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HEPS Frequently Asked Questions
D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is D-Market Elektronik Hizmetler ve Ticaret A.S.'s revenue?
D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) reported $90.14B in revenue for fiscal year 2025. This represents a 4510% increase from $1.96B in 2018.
How fast is D-Market Elektronik Hizmetler ve Ticaret A.S. growing?
D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) grew revenue by 48.4% over the past year. This is strong growth.
Is HEPS profitable?
D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) reported a net loss of $6.23B for fiscal year 2025.
Dividend & Returns
What is HEPS's return on equity?
D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) has a return on equity (ROE) of -213.8%. Negative ROE indicates the company is unprofitable.
What is D-Market Elektronik Hizmetler ve Ticaret A.S.'s free cash flow?
D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) generated $1.02B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.