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JD.Com Inc
VSE:JD

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JD.Com Inc
VSE:JD
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Price: 24.65 EUR -1% Market Closed
Market Cap: €37.7B

Operating Margin

0.3%
Current
Declining
by 2.2%
vs 3-y average of 2.5%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin
0.3%
=
Operating Income
¥3.7B
/
Revenue
¥1.3T

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin
0.3%
=
Operating Income
€3.7B
/
Revenue
¥1.3T

Peer Comparison

Country Company Market Cap Operating
Margin
CN
JD.Com Inc
HKEX:9618
355.8B HKD
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US
Amazon.com Inc
NASDAQ:AMZN
2.3T USD
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ZA
Naspers Ltd
JSE:NPN
680.9B ZAR
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CN
Alibaba Group Holding Ltd
NYSE:BABA
291.2B USD
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CN
PDD Holdings Inc
NASDAQ:PDD
143.2B USD
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NL
Prosus NV
AEX:PRX
95.2B EUR
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UY
MercadoLibre Inc
BMV:MELIN
1.6T MXN
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AR
Mercadolibre Inc
NASDAQ:MELI
86.6B USD
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US
DoorDash Inc
NASDAQ:DASH
67.9B USD
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CN
Meituan
HKEX:3690
490.4B HKD
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US
eBay Inc
NASDAQ:EBAY
42.3B USD
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Market Distribution

In line with most companies in China
Percentile
34th
Based on 8 544 companies
34th percentile
0.3%
Low
-409 046.1% — -1.4%
Typical Range
-1.4% — 10.3%
High
10.3% — 876.4%
Distribution Statistics
China
Min -409 046.1%
30th Percentile -1.4%
Median 4.2%
70th Percentile 10.3%
Max 876.4%

JD.Com Inc
Glance View

In the bustling digital marketplace of China, JD.com Inc. stands as a formidable force, a testament to the country's rapid e-commerce evolution. Founded by Liu Qiangdong, the company started humbly in Beijing, initially as a physical storefront. However, the SARS epidemic pushed Liu to pivot online, setting the stage for JD.com's rise. Unlike many of its peers in the e-commerce sphere, JD.com took a strategic path of tightly managing its supply chain. By owning and operating its logistics network, the company ensures quick delivery and a high level of quality control. This vertically integrated model allows JD.com to efficiently stock and transport a vast array of products, from consumer electronics to fresh groceries, thereby generating revenue from direct product sales. JD.com’s sprawling ecosystem doesn't stop at mere product sales. It has expanded into technology services, cloud computing, and artificial intelligence solutions, offering platforms for vendors to tap into their logistics capabilities. This diversification extends JD's reach beyond conventional retail, as it earns service fees from third-party sellers and leverages data analytics to enhance customer experiences. JD’s commitment to innovation and infrastructure funding, such as autonomous delivery vehicles and AI-driven customer service, fortifies its competitive edge. As a result, JD.com continues to maintain robust growth, increasingly influencing China’s digital commerce landscape with a model built on trust, speed, and sophistication.

JD Intrinsic Value
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What is Operating Margin?
Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.
How is Operating Margin calculated?

Operating Margin is calculated by dividing the Operating Income by the Revenue.

Operating Margin
0.3%
=
Operating Income
¥3.7B
/
Revenue
¥1.3T
What is JD.Com Inc's current Operating Margin?

The current Operating Margin for JD.Com Inc is 0.3%, which is below its 3-year median of 2.5%.

How has Operating Margin changed over time?

Over the last 3 years, JD.Com Inc’s Operating Margin has decreased from 1.8% to 0.3%. During this period, it reached a low of 0.3% on Jan 1, 2026 and a high of 3.5% on Mar 31, 2025.

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