Vipshop Holdings Ltd
NYSE:VIPS

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Vipshop Holdings Ltd Logo
Vipshop Holdings Ltd
NYSE:VIPS
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Price: 15.11 USD -0.59% Market Closed
Market Cap: 7.8B USD
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
-6%
5Y
+18%
10Y
+290%
Operating Income
+
3Y
+75%
5Y
+74%
10Y
+768%
Net Income
+
3Y
+74%
5Y
+92%
10Y
+604%

Earnings Waterfall
Vipshop Holdings Ltd

Revenue
107B CNY
Cost of Revenue
-82B CNY
Gross Profit
25B CNY
Operating Expenses
-16.4B CNY
Operating Income
8.6B CNY
Other Expenses
-1.3B CNY
Net Income
7.4B CNY

Income Statement
Vipshop Holdings Ltd

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Income Statement
Currency: CNY
Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025
Revenue
Interest Expense
0
0
0
1
3
4
4
3
1
0
0
0
0
10
39
63
75
88
76
74
86
86
91
89
85
88
85
84
82
86
106
141
160
163
136
109
86
89
98
76
67
36
16
16
14
16
20
25
24
25
21
12
23
28
39
55
58
57
Revenue
221
N/A
394
+78%
625
+59%
907
+45%
1 468
+62%
1 909
+30%
2 501
+31%
3 154
+26%
4 366
+38%
5 650
+29%
6 956
+23%
8 316
+20%
10 421
+25%
12 783
+23%
15 700
+23%
18 680
+19%
23 129
+24%
27 436
+19%
31 375
+14%
34 716
+11%
40 203
+16%
43 759
+9%
48 181
+10%
51 512
+7%
56 591
+10%
60 375
+7%
64 452
+7%
67 763
+5%
72 912
+8%
76 831
+5%
80 052
+4%
82 571
+3%
84 524
+2%
85 972
+2%
87 978
+2%
89 759
+2%
92 994
+4%
90 469
-3%
91 836
+2%
95 403
+4%
101 858
+7%
111 464
+9%
116 961
+5%
118 703
+1%
117 060
-1%
113 907
-3%
108 834
-4%
105 527
-3%
103 152
-2%
105 444
+2%
108 788
+3%
109 939
+1%
112 856
+3%
112 965
+0%
111 962
-1%
109 871
-2%
108 421
-1%
107 043
-1%
Gross Profit
Cost of Revenue
(199)
(343)
(530)
(758)
(1 188)
(1 527)
(1 981)
(2 478)
(3 392)
(4 361)
(5 345)
(6 356)
(7 916)
(9 662)
(11 828)
(14 051)
(17 378)
(20 616)
(23 564)
(26 075)
(30 307)
(33 048)
(36 479)
(39 034)
(42 995)
(46 039)
(49 498)
(52 242)
(56 618)
(60 222)
(63 260)
(65 646)
(67 455)
(68 556)
(69 516)
(70 695)
(72 314)
(70 528)
(72 044)
(74 964)
(80 573)
(88 202)
(92 682)
(94 463)
(93 953)
(91 385)
(87 245)
(84 097)
(81 536)
(82 933)
(85 099)
(85 551)
(87 135)
(86 603)
(85 460)
(83 796)
(82 951)
(82 037)
Gross Profit
22
N/A
51
+132%
94
+84%
148
+57%
280
+89%
380
+36%
519
+37%
676
+30%
975
+44%
1 290
+32%
1 612
+25%
1 960
+22%
2 504
+28%
3 121
+25%
3 872
+24%
4 629
+20%
5 751
+24%
6 820
+19%
7 811
+15%
8 641
+11%
9 896
+15%
10 711
+8%
11 701
+9%
12 477
+7%
13 597
+9%
14 334
+5%
14 953
+4%
15 520
+4%
16 294
+5%
16 608
+2%
16 792
+1%
16 924
+1%
17 069
+1%
17 415
+2%
18 460
+6%
19 063
+3%
20 680
+8%
19 941
-4%
19 792
-1%
20 439
+3%
21 285
+4%
23 263
+9%
24 280
+4%
24 241
0%
23 107
-5%
22 520
-3%
21 587
-4%
21 428
-1%
21 616
+1%
22 512
+4%
23 690
+5%
24 389
+3%
25 721
+5%
26 362
+2%
26 502
+1%
26 075
-2%
25 470
-2%
25 006
-2%
Operating Income
Operating Expenses
(78)
(146)
(308)
(467)
(974)
(1 077)
(1 125)
(1 190)
(1 066)
(1 290)
(1 544)
(1 811)
(2 174)
(2 703)
(3 371)
(4 061)
(4 918)
(5 825)
(6 552)
(7 074)
(7 825)
(8 571)
(9 223)
(9 906)
(10 888)
(11 601)
(12 127)
(12 775)
(13 604)
(14 125)
(14 397)
(14 653)
(14 648)
(14 814)
(15 294)
(15 061)
(15 629)
(14 970)
(14 547)
(15 116)
(15 426)
(16 673)
(17 459)
(17 897)
(17 524)
(17 582)
(16 437)
(15 911)
(15 180)
(15 705)
(16 141)
(16 444)
(16 461)
(16 503)
(16 307)
(16 085)
(16 296)
(16 377)
Selling, General & Administrative
(75)
(142)
(299)
(451)
(966)
(1 038)
(1 076)
(1 131)
(1 037)
(1 258)
(1 527)
(1 811)
(2 173)
(2 704)
(3 373)
(4 108)
(4 962)
(5 929)
(6 639)
(7 193)
(7 843)
(8 765)
(9 561)
(10 306)
(10 636)
(11 895)
(12 583)
(13 111)
(13 414)
(14 254)
(14 837)
(15 223)
(14 635)
(15 539)
(15 821)
(15 748)
(15 444)
(15 662)
(15 273)
(15 803)
(16 133)
(17 531)
(18 563)
(18 898)
(18 449)
(17 967)
(17 059)
(16 469)
(15 904)
(16 306)
(16 847)
(17 197)
(17 262)
(17 445)
(17 258)
(17 015)
(17 212)
(17 146)
Research & Development
(4)
(6)
(12)
(19)
0
(48)
(59)
(71)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation & Amortization
0
0
0
0
(9)
0
0
0
(29)
0
0
0
(54)
0
0
0
(110)
0
0
0
(291)
0
0
0
(611)
(87)
(171)
(255)
(721)
(212)
(129)
(46)
(770)
(3)
(3)
(2)
(830)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other Operating Expenses
1
1
1
2
0
8
10
12
0
(32)
(17)
0
53
0
0
45
154
104
87
119
308
194
336
398
358
381
628
592
531
341
568
616
757
728
530
687
645
693
727
688
708
857
1 103
1 000
925
385
621
556
725
601
705
753
802
941
951
931
915
769
Operating Income
(57)
N/A
(96)
-68%
(214)
-123%
(318)
-49%
(695)
-119%
(696)
0%
(605)
+13%
(514)
+15%
(92)
+82%
0
N/A
67
N/A
149
+122%
331
+122%
418
+26%
500
+20%
567
+13%
834
+47%
994
+19%
1 259
+27%
1 567
+24%
2 071
+32%
2 140
+3%
2 478
+16%
2 571
+4%
2 708
+5%
2 734
+1%
2 827
+3%
2 746
-3%
2 690
-2%
2 484
-8%
2 395
-4%
2 272
-5%
2 421
+7%
2 601
+7%
3 166
+22%
4 001
+26%
5 052
+26%
4 970
-2%
5 245
+6%
5 323
+1%
5 860
+10%
6 589
+12%
6 820
+4%
6 343
-7%
5 583
-12%
4 940
-12%
5 152
+4%
5 519
+7%
6 437
+17%
6 807
+6%
7 549
+11%
7 945
+5%
9 260
+17%
9 859
+6%
10 194
+3%
9 990
-2%
9 173
-8%
8 629
-6%
Pre-Tax Income
Interest Income Expense
0
0
(1)
(2)
(2)
(1)
(2)
10
20
33
64
78
105
125
154
198
213
247
268
182
80
9
(84)
(33)
73
65
108
47
(17)
(39)
344
335
346
590
253
310
297
223
764
941
1 202
1 344
762
710
706
576
935
1 609
1 974
2 075
2 185
1 402
902
851
433
566
875
838
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(6)
(16)
0
0
(100)
0
(139)
(205)
(115)
0
(169)
(103)
(133)
0
(30)
0
(20)
0
0
(104)
(406)
(411)
(411)
(327)
(43)
(38)
(200)
(236)
(415)
0
(303)
(277)
(333)
0
(63)
(53)
(175)
0
(15)
(58)
(61)
0
Total Other Income
0
0
0
0
4
0
0
0
16
13
22
35
0
61
89
92
20
70
75
62
0
42
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(3)
0
0
0
0
0
0
0
0
0
0
0
0
Pre-Tax Income
(57)
N/A
(96)
-68%
(216)
-125%
(321)
-49%
(693)
-116%
(698)
-1%
(608)
+13%
(504)
+17%
(55)
+89%
46
N/A
153
+233%
260
+70%
435
+67%
604
+39%
742
+23%
856
+15%
1 060
+24%
1 294
+22%
1 602
+24%
1 809
+13%
2 051
+13%
2 191
+7%
2 256
+3%
2 334
+3%
2 666
+14%
2 799
+5%
2 766
-1%
2 690
-3%
2 541
-6%
2 444
-4%
2 708
+11%
2 605
-4%
2 747
+5%
3 190
+16%
3 419
+7%
4 207
+23%
4 943
+17%
4 782
-3%
5 597
+17%
5 937
+6%
7 019
+18%
7 895
+12%
7 381
-7%
6 815
-8%
5 873
-14%
5 513
-6%
5 783
+5%
6 851
+18%
8 077
+18%
8 882
+10%
9 671
+9%
9 294
-4%
9 987
+7%
10 711
+7%
10 613
-1%
10 498
-1%
9 987
-5%
9 467
-5%
Net Income
Tax Provision
0
0
0
0
0
0
0
0
(4)
(16)
(31)
(56)
(114)
(166)
(209)
(247)
(245)
(271)
(326)
(356)
(458)
(500)
(515)
(558)
(602)
(637)
(679)
(645)
(626)
(567)
(522)
(523)
(567)
(704)
(792)
(901)
(984)
(912)
(1 024)
(1 060)
(1 130)
(1 265)
(1 253)
(1 217)
(1 223)
(1 208)
(1 192)
(1 246)
(1 759)
(1 857)
(1 899)
(1 998)
(1 866)
(2 095)
(2 162)
(2 271)
(2 316)
(2 204)
Income from Continuing Operations
(57)
(96)
(216)
(321)
(693)
(698)
(608)
(504)
(60)
30
123
206
321
441
535
611
815
1 024
1 278
1 454
1 593
1 692
1 741
1 776
2 064
2 162
2 087
2 045
1 915
1 877
2 186
2 083
2 180
2 487
2 627
3 305
3 959
3 871
4 576
4 880
5 889
6 631
6 129
5 599
4 651
4 307
4 592
5 606
6 318
7 026
7 773
7 297
8 121
8 616
8 451
8 227
7 672
7 263
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
12
35
65
89
103
95
89
81
83
82
56
44
26
28
50
57
54
31
14
(5)
(14)
(11)
(20)
30
40
42
41
(12)
(18)
(9)
(11)
(12)
(10)
(21)
(12)
(13)
(31)
(40)
(62)
(85)
(97)
(97)
(90)
(99)
(105)
Equity Earnings Affiliates
0
0
0
0
0
0
0
0
0
0
0
0
0
(5)
(16)
(29)
(63)
(81)
(90)
(110)
(84)
(78)
(74)
(57)
(71)
(73)
(64)
(49)
(22)
(3)
6
17
(47)
(1)
(13)
(35)
27
(81)
(63)
3
30
156
204
119
42
(65)
(149)
(113)
(7)
68
145
165
80
57
55
109
167
208
Net Income (Common)
(57)
N/A
(420)
-637%
(540)
-29%
(645)
-19%
(1 011)
-57%
(698)
+31%
(608)
+13%
(504)
+17%
(60)
+88%
30
N/A
123
+310%
206
+67%
321
+56%
448
+40%
554
+24%
647
+17%
841
+30%
1 046
+24%
1 283
+23%
1 433
+12%
1 590
+11%
1 697
+7%
1 750
+3%
1 776
+1%
2 037
+15%
2 115
+4%
2 049
-3%
2 044
0%
1 950
-5%
1 927
-1%
2 223
+15%
2 114
-5%
2 129
+1%
2 472
+16%
2 604
+5%
3 250
+25%
4 017
+24%
3 830
-5%
4 553
+19%
4 922
+8%
5 907
+20%
6 767
+15%
6 322
-7%
5 706
-10%
4 681
-18%
4 231
-10%
4 422
+5%
5 481
+24%
6 299
+15%
7 063
+12%
7 877
+12%
7 398
-6%
8 117
+10%
8 574
+6%
8 408
-2%
8 245
-2%
7 740
-6%
7 366
-5%
EPS (Diluted)
-0.58
N/A
-4.32
-645%
-5.56
-29%
-6.64
-19%
-21.97
-231%
-7.19
+67%
-6.01
+16%
-4.99
+17%
-0.67
+87%
0.27
N/A
1.06
+293%
1.76
+66%
2.78
+58%
3.76
+35%
4.65
+24%
5.43
+17%
7
+29%
8.71
+24%
10.69
+23%
11.94
+12%
13.23
+11%
13.68
+3%
14
+2%
14.92
+7%
16.16
+8%
16.92
+5%
16.26
-4%
16.22
0%
15.47
-5%
13.76
-11%
15.87
+15%
15.77
-1%
15.2
-4%
17.78
+17%
19.28
+8%
24.07
+25%
29.52
+23%
27.95
-5%
33.23
+19%
35.66
+7%
42.79
+20%
47.65
+11%
45.15
-5%
41.64
-8%
33.67
-19%
31.11
-8%
34.01
+9%
43.84
+29%
49.21
+12%
59.85
+22%
70.33
+18%
67.25
-4%
72.11
+7%
77.3
+7%
75.92
-2%
77.75
+2%
71.76
-8%
70.61
-2%

See Also

Summary
VIPS intrinsic value, competitors valuation, and company profile.
DCF Valuation
VIPS stock valuation using Discount Cash Flow valuation method.
Relative Valuation
VIPS stock valuation using valuation multiples.
Wall Street Estimates
VIPS price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
VIPS stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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