Vipshop Holdings Limited(VIPS)Earnings, Financials & Key Ratios
VIPS•NYSE
$13.54
6.5× P/E·Price updated Jul 7, 2026
AboutVipshop Holdings Limited operates online platforms for various brands in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; and skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and other cosmetics-related items. It also provides shoes and bags, which comprises casual and formal shoes, purses, satchels, luggage, duffel bags, and wallets; handbags; apparel, gears and accessories, furnishings and decor, toys, and games for boys, girls, infants, and toddlers; sportswear, sports gear, and footwear for various sporting activities; home furnishings, such as bed and bath products, home decor, kitchen and tabletop items, and home appliances; and consumer electronic products. In addition, the company offers food and snacks, beverages, fresh produce, and pet goods; beauty products; and internet finance services, including consumer and supplier financing, and microcredit. Vipshop Holdings Limited provides its branded products through its vip.com and vipshop.com online platforms, as well as through its internet website and cellular phone application. Further, it offers warehousing, logistics, product procurement, research and development, technology development, and consulting services; software development and information technology support solutions; and supply chain services. Vipshop Holdings Limited was founded in 2008 and is headquartered in Guangzhou, the People's Republic of China.Show more
- Revenue$105.92B-2.3%
- EBITDA$9.56B-9.8%
- Net Income$7.24B-6.4%
- EPS (Diluted)14.15-1.4%
- Gross Margin23.12%-1.6%
- EBITDA Margin9.02%-7.7%
- Operating Margin7.68%-9.2%
- Net Margin6.84%-4.2%
- ROE16.84%-12.8%
VIPS Price & Volume
Vipshop Holdings Limited (VIPS) stock price & volume — 10-year historical chart
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Structural Revenue Contraction Challenges Discount Retail Model
Investment Thesis • Updated 2025Q4
VerdictNeutral
Growth:Contracting
Profitability:Moderate
Financial:Fortress
Cash Flow:Mixed
Primary Risk:Structural E-commerce Market Saturation
Key Thesis Takeaways
- Vipshop faces a challenging outlook as its core flash-sale model struggles with a 2.31% year-over-year revenue decline, signaling potential market saturation in the Chinese retail sector.
- While the company maintains a fortress balance sheet with $24.1 billion in cash, the lack of transparent capital allocation and reliance on non-cash accounting adjustments warrant caution.
- Investors should monitor whether the transition to a hybrid online-offline model, supported by $18.7 billion in net PPE, can offset the structural margin pressures inherent in the discount retail landscape.
Verdict Logic
while the stock trades at a low P/E of 6.31, the persistent revenue contraction and lack of clear cash flow visibility suggest that the current valuation may reflect structural risks rather than a deep-value opportunity.
VIPS Growth Metrics
Vipshop Holdings Limited (VIPS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years10.17%
5 Years0.78%
3 Years0.89%
TTM-2.31%
Profit CAGR
10 Years16.37%
5 Years4.16%
3 Years4.76%
TTM-6.43%
EPS CAGR
10 Years18.24%
5 Years10.57%
3 Years12.91%
TTM-1.12%
Return on Capital
10 Years19.92%
5 Years18.98%
3 Years20.6%
Last Year17.5%
VIPS Recent Earnings
Vipshop Holdings Limited (VIPS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (64%)●Beat Revenue 7/12 qtrs (64%)
Q2 2026Latest
May 21, 2026Metric
Actual
Est
EPS
$0.68+0.0%
$0.68
Rev
$3.9B+0.1%
$3.8B
Q1 2026
Feb 26, 2026Metric
Actual
Est
EPS
$0.81+3.8%
$0.78
Rev
$4.6B-2.6%
$4.8B
Q4 2025
Nov 20, 2025Metric
Actual
Est
EPS
$0.42-2.3%
$0.43
Rev
$3.0B-36.2%
$4.7B
Q3 2025
Aug 14, 2025Metric
Actual
Est
EPS
$0.57+1.8%
$0.56
Rev
$3.6B+22.9%
$2.9B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 21, 2026 | $0.68vs $0.68+0.0% | $3.9Bvs $3.8B+0.1% |
| Q1 2026 | Feb 26, 2026 | $0.81vs $0.78+3.8% | $4.6Bvs $4.8B-2.6% |
| Q4 2025 | Nov 20, 2025 | $0.42vs $0.43-2.3% | $3.0Bvs $4.7B-36.2% |
| Q3 2025 | Aug 14, 2025 | $0.57vs $0.56+1.8% | $3.6Bvs $2.9B+22.9% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Vipshop Holdings Limited (VIPS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $13.54 | $6.66B | 6.50 | -2.31% | 6.84% | 16.84% | — | |
| $26.49 | $35.77B | 13.95 | 12.97% | 1.5% | 6.52% | — | |
| $82.53 | $117.47B | 8.59 | 9.65% | 22.66% | 26.12% | — | |
| $98.14 | $229.03B | 15.15 | 2.74% | 10.12% | 9.35% | — | |
| $104.23 | $63.84B | 41.36 | 36.38% | 6.92% | 15.18% | — | |
| $18.53 | $33.26B | 168.45 | 14.09% | -0.58% | -3.67% | — |
Compare VIPS vs Peers
Vipshop Holdings Limited (VIPS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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VIPS Frequently Asked Questions
Vipshop Holdings Limited (VIPS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Vipshop Holdings Limited's revenue?
Vipshop Holdings Limited (VIPS) reported $105.92B in revenue for fiscal year 2025. This represents a 552966% increase from $19.2M in 2009.
How fast is Vipshop Holdings Limited growing?
Vipshop Holdings Limited (VIPS) saw revenue decline by 2.3% over the past year.
Is VIPS profitable?
Yes, Vipshop Holdings Limited (VIPS) is profitable, generating $7.24B in net income for fiscal year 2025 (6.8% net margin).
Dividend & Returns
What is VIPS's return on equity?
Vipshop Holdings Limited (VIPS) has a return on equity (ROE) of 16.8%. This is reasonable for most industries.