JD.com, Inc. (JD) AI Stock Analysis

JD.com, Inc., headquartered in Beijing, China, provides supply chain-based technologies and services. The company operates an online platform selling computers, communication devices, consumer electronics, home appliances, and general merchandise such as food, fresh produce, baby products, furniture, pharmaceuticals, and apparel. JD.com also provides online marketplace services for third-party merchants, marketing solutions, and omni-channel retail offerings. In addition, the company owns and manages logistics infrastructure and real estate properties, provides asset management services for logistics property investors, and offers integrated digital transformation solutions for enterprises and institutions.

Revenue expanded from $951.59B in FY2021 to $1.31T in FY2025, reflecting a 5-year revenue CAGR of 11.9%. Revenue growth accelerated to 13.0% in FY2025, but gross margin compressed to 9.3% and operating margin fell to 0.2%, down from 3.3% in FY2024. Consequently, net income decreased from $41.36B in FY2024 to $19.63B in FY2025, while diluted EPS dropped to $17.68. Over the trailing twelve months, revenue stood at $1.31T with an operating margin of 1.2%. In the latest quarter ended June 30, 2026, quarterly revenue fell 2.9% year-over-year, while quarterly earnings grew 21.3%.

As of June 30, 2026, JD.com held $235.14B in cash and short-term investments against total debt of $105.35B, resulting in net cash of $129.80B. Shareholders' equity was $219.20B, supporting a debt-to-equity ratio of 0.48 and a current ratio of 1.14. In FY2025, operating cash flow was $18.99B and free cash flow was $4.81B. Capital expenditures totaled $14.18B, while cash returns to shareholders included $21.43B in share buybacks and $10.38B in dividends paid. Its share count fell 9.5% over 5 years.

JD.com closed at $27.01 on October 16, 2026, giving it a market capitalization of $36.48B and an enterprise value of $36.95B. The stock trades at a forward P/E of 6.7x and an EV/EBITDA of 5.1x, compared to medians of 14.1x and 11.1x for its US-listed Consumer Cyclical peers. Its trailing P/E of 18.9x sits slightly above the peer median of 18.0x, with a PEG ratio of 0.50. Over the past 1 year, the stock returned -14.6%, lagging the S&P 500 (SPY) return of 16.8%, and over 5 years it returned -62.2% against 83.0% for the benchmark.

JD.com pays an annual dividend with a forward rate of $1.00, representing a dividend yield of 3.70%. The dividend payout ratio stands at 9.6%. The company has paid dividends for 5 consecutive years, with its last ex-dividend date on April 9, 2026.

Wall Street coverage consists of 24 Strong Buy, 7 Buy, 3 Hold, 0 Sell, and 1 Strong Sell ratings. The mean price target is $39.05, which is 44.6% above the last close of $27.01. For the current fiscal year ending December 31, 2026, consensus estimates project EPS of $21.76 on revenue of $1.35T. JD.com beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 12, 2026.

This page is an AI-written research summary of JD.com, Inc. (JD). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: JD income statement, JD balance sheet, JD key metrics, JD analyst forecast, JD chart. See the JD stock overview for the latest quote and news.