JD (09618) revenue in 2025 increased by 13% year-on-year to 130.91 billion yuan, accelerating growth compared to 2024.

On March 5, JD Group (09618) announced its quarterly and annual performance for the fourth quarter of 2025. In the fourth quarter of 2025, JD Group's revenue was 352.3 billion yuan; annual revenue was 1,309.1 billion yuan, achieving double-digit growth compared to 2024. The market advantage of the electronics category has been consolidated, with annual revenue growing by 7.1% year-on-year despite the impact of a high base; the daily necessities category achieved double-digit growth for five consecutive quarters, with annual revenue growing by 15.3% year-on-year, accounting for over 40% of total revenue and reaching a new annual high. The supermarket category has achieved double-digit growth for eight consecutive quarters; service revenue grew by 23.6% year-on-year, accounting for 21.8% of total revenue, also reaching a new annual high. In 2025, the annual non-GAAP net profit was 27 billion yuan. JD's retail operating profit in 2025 achieved double-digit growth year-on-year, with an operating profit margin of 4.6%. The user base and activity level continued to show strong growth. The annual active user count in 2025 exceeded 700 million, with quarterly active user count and shopping frequency growing by over 30% year-on-year.