NYSE$VIPS
Vipshop Holdings Ltd-ADR · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Vipshop reported FY2025 net revenues of RMB105.9B and net income of RMB7.4B.
Full-year net revenues were RMB105.9 billion with net income of RMB7.4 billion for 2025. The online discount retailer highlights VIP.com and Shan Shan Outlets segments, customer growth, and capital returns in its annual filing.
- FY2025 net revenues RMB105.9B.
- Net income RMB7.4B.
- Active customers and order trends discussed by segment.
- Capital allocation includes dividends and buybacks per 20-F.
Headline financials
Revenue & EPS history
Vipshop · Revenue · Quarterly
¥106B
Revenue by segment
Vipshop · ¥21.4B total across 2 segments · Q3 2025
- Product revenues¥19.4B—90.6%
- Other revenues¥2.01B—9.4%
Forward guidance
The quarterly filing discusses operating priorities, capital returns, and sector risks; numeric multi-quarter bridges vary by issuer.
Tailwinds
- MD&A highlights liquidity, capital, and core business trends.
- Segment or product commentary supports the earnings narrative.
Headwinds
- Macro, rates, or input costs may pressure near-term margins.
- One-time items can affect year-over-year comparability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2025
-0.8%
Avg return
Earnings day
-0.7%
Avg return
5 days after
+0.4%
Avg return
30 days after
46%
26 / 57 earnings
Positive
+28.9%
Q4 2013
Best reaction
-24.5%
Q2 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.0% | +3.6% | -6.1% | |
| Q4 2025 | +2.1% | -2.4% | -7.5% | |
| Q3 2025 | -7.0% | -0.9% | -1.6% | |
| Q2 2025 | +5.9% | +1.5% | +11.2% | |
| Q1 2025 | -7.1% | -7.2% | -4.8% | |
| Q4 2024 | +1.4% | +9.2% | +12.1% | |
| Q3 2024 | -2.4% | -4.6% | -3.8% | |
| Q1 2024 | -3.3% | -3.1% | -13.1% | |
| Q4 2023 | +11.0% | +3.5% | -4.6% | |
| Q3 2023 | +10.3% | +8.5% | +15.6% | |
| Q2 2023 | -2.6% | -1.4% | -9.5% | |
| Q1 2023 | +0.6% | +1.3% | +14.4% | |
| Q4 2022 | -0.2% | +9.7% | +10.8% | |
| Q3 2022 | +9.1% | +8.5% | +52.1% | |
| Q2 2022 | +12.1% | +9.0% | -2.2% | |
| Q1 2022 | +3.0% | -6.9% | +25.9% | |
| Q4 2021 | -9.7% | -11.9% | -5.5% | |
| Q3 2021 | -17.9% | -21.1% | -32.1% | |
| Q2 2021 | -10.3% | -4.4% | -12.3% | |
| Q1 2021 | -10.5% | -5.1% | -23.4% | |
| Q4 2020 | +3.2% | +8.1% | -13.7% | |
| Q3 2020 | +5.9% | +5.6% | +13.0% | |
| Q2 2020 | -24.5% | -28.1% | -30.4% | |
| Q1 2020 | -1.3% | +7.3% | +22.8% | |
| Q4 2019 | +25.8% | +28.2% | +7.5% | |
| Q3 2019 | +0.2% | +1.6% | +13.4% | |
| Q2 2019 | +9.6% | +26.8% | +47.3% | |
| Q1 2019 | -2.1% | -0.1% | +4.7% | |
| Q4 2018 | -9.4% | -2.0% | +0.0% | |
| Q3 2018 | +8.0% | +8.8% | +1.3% | |
| Q2 2018 | -17.4% | -21.8% | -33.8% | |
| Q1 2018 | -20.1% | -20.3% | -25.5% | |
| Q4 2017 | +14.0% | +18.0% | +18.1% | |
| Q3 2017 | -16.0% | -16.8% | +22.9% | |
| Q2 2017 | -8.7% | -17.0% | -10.2% | |
| Q1 2017 | -7.7% | -10.3% | -19.7% | |
| Q4 2016 | +7.2% | +7.2% | +13.2% | |
| Q3 2016 | -11.7% | -11.7% | -16.8% | |
| Q2 2016 | +3.5% | +3.0% | -13.1% | |
| Q1 2016 | -13.1% | — | — | |
| Q4 2015 | -8.6% | — | — | |
| Q3 2015 | +15.3% | — | — | |
| Q2 2015 | -13.3% | — | — | |
| Q1 2015 | -2.2% | — | — | |
| Q4 2014 | +15.2% | — | — | |
| Q3 2014 | -6.5% | — | — | |
| Q2 2014 | -1.0% | — | — | |
| Q1 2014 | +12.3% | — | — | |
| Q4 2013 | +28.9% | — | — | |
| Q3 2013 | +12.8% | — | — | |
| Q2 2013 | -12.8% | — | — | |
| Q1 2013 | +0.6% | — | — | |
| Q4 2010 | -5.0% | — | — | |
| Q4 2011 | -5.0% | — | — | |
| Q4 2012 | +4.3% | — | — | |
| Q3 2012 | -0.2% | — | — | |
| Q2 2012 | -10.6% | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — |
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