NASDAQ$JD
JD.com-ADR · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
JD.com reported strong revenue and profit growth in Q4 2024, with net revenues increasing by 13.4% year-on-year and net income more than doubling.
JD.com delivered a solid performance in Q4 2024, with revenue reaching $47.5 billion, a 13.4% increase year-over-year. Operating income surged to $1.2 billion, reflecting improved profitability. Net income for the quarter grew by 190.8% to $1.4 billion, driven by operational efficiencies and strong market demand. The company also reported an increase in non-GAAP EPS, reflecting robust financial health.
- Net revenues increased by 13.4% year-over-year to $47.5 billion.
- Operating income rose significantly to $1.2 billion, up 319.3% from Q4 2023.
- Net income attributable to shareholders grew by 190.8% to $1.4 billion.
- Non-GAAP diluted EPS increased by 40.0% to $1.02 per ADS.
Headline financials
Revenue & EPS history
JD.com · Revenue · Quarterly
$47.5B
Revenue by segment
JD.com · $597B total across 6 segments · Q4 2022
- JD Retail$259B+3.6%43.3%
- Electronics & Home Appliances$142B+0.5%23.7%
- General Merchandise$95.9B+2.3%16.1%
- JD Logistics$43B+41.1%7.2%
- Logistics & Other Services$33.2B+75.1%5.6%
- Marketplace & Marketing$24.6B+10.6%4.1%
Forward guidance
JD.com expects continued revenue growth in 2025, supported by expanding market share and improving operational efficiencies.
Tailwinds
- Revenue growth expected to continue, driven by strong consumer demand.
- Profitability improvements through cost optimizations and operational efficiency.
- Expansion of logistics and global supply chain solutions.
- Strong momentum in active user growth and shopping frequency.
- Increased shareholder returns through dividends and share buybacks.
Headwinds
- Potential macroeconomic uncertainties could impact consumer spending.
- Increased competition in the e-commerce space.
- Regulatory challenges and compliance costs in China.
- Rising operational costs, including logistics and marketing expenses.
- Global supply chain disruptions could pose risks to inventory management.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.9%
Avg return
Earnings day
+2.3%
Avg return
5 days after
+1.1%
Avg return
30 days after
52%
23 / 44 earnings
Positive
+18.2%
Q2 2021
Best reaction
-23.1%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -2.1% | +0.7% | -2.1% | |
| Q1 2025 | +3.3% | -6.9% | -6.8% | |
| Q4 2024 | +0.4% | -6.9% | -15.9% | |
| Q1 2024 | +4.9% | -1.0% | -14.4% | |
| Q4 2023 | +11.9% | +21.6% | +21.4% | |
| Q3 2023 | +5.1% | +6.9% | +2.6% | |
| Q2 2023 | -3.4% | -7.6% | -12.2% | |
| Q1 2023 | +0.6% | +8.0% | +4.2% | |
| Q4 2022 | -13.9% | -13.9% | -13.2% | |
| Q3 2022 | -8.7% | -9.1% | -1.6% | |
| Q2 2022 | +7.4% | +14.7% | -3.3% | |
| Q1 2022 | -0.6% | +1.2% | +20.3% | |
| Q4 2021 | -23.1% | -26.3% | -9.4% | |
| Q3 2021 | +10.1% | +7.6% | -14.6% | |
| Q2 2021 | +18.2% | +20.1% | +19.3% | |
| Q1 2021 | +5.7% | +2.8% | +2.7% | |
| Q4 2020 | -5.9% | -4.0% | -10.0% | |
| Q3 2020 | -5.5% | -4.7% | -11.2% | |
| Q2 2020 | +13.3% | +20.8% | +21.0% | |
| Q1 2020 | +13.4% | +10.9% | +18.4% | |
| Q4 2019 | +7.7% | +9.5% | +6.2% | |
| Q3 2019 | -2.3% | -5.6% | +1.3% | |
| Q2 2019 | +9.1% | +15.2% | +16.1% | |
| Q1 2019 | +2.4% | +10.7% | -2.6% | |
| Q4 2018 | +10.6% | +13.0% | +16.1% | |
| Q3 2018 | -15.4% | -16.4% | -12.5% | |
| Q2 2018 | -0.4% | +1.4% | -16.2% | |
| Q1 2018 | -4.1% | -4.6% | +2.0% | |
| Q4 2017 | -7.0% | -3.9% | -12.4% | |
| Q3 2017 | -2.7% | +0.7% | +2.1% | |
| Q2 2017 | -4.0% | -12.6% | -1.4% | |
| Q1 2017 | +7.7% | +13.4% | +15.1% | |
| Q4 2016 | +0.8% | +0.3% | +1.4% | |
| Q3 2016 | +11.8% | +11.6% | +8.7% | |
| Q2 2016 | +4.1% | +13.2% | +17.9% | |
| Q1 2016 | -5.7% | — | — | |
| Q4 2015 | +3.6% | — | — | |
| Q3 2015 | +8.1% | — | — | |
| Q2 2015 | -8.4% | — | — | |
| Q1 2015 | -2.9% | — | — | |
| Q4 2012 | -2.8% | — | — | |
| Q4 2013 | -2.8% | — | — | |
| Q4 2014 | -1.5% | — | — | |
| Q3 2014 | +2.1% | — | — | |
| Q1 2014 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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