# Vipshop Holdings Ltd (VIPS)

Source page: https://stoqly.net/companies/vips

- **Ticker:** VIPS (NYSE)
- **Sector:** Consumer Discretionary / Retail-Catalog & Mail-Order Houses
- **SEC CIK:** 0001529192
- **Latest annual report:** 20-F filed 2026-04-16 (https://www.sec.gov/Archives/edgar/data/1529192/000110465926044015/vips-20251231x20f.htm)
- **Data updated:** 2026-11-01

## Key figures

- **Last close:** $12.88 on 2026-10-30
- **Revenue (FY2025):** $14.7B
- **Revenue growth:** −2.2%
- **Revenue growth, 5-year CAGR:** −0.0%
- **Gross margin:** 23.1%
- **Operating margin:** 7.7%
- **Net margin:** 6.8%
- **Free cash flow:** $761M
- **Free cash flow margin:** 5.2%
- **Return on invested capital:** 35.0%
- **Return on equity:** 17.8%
- **Net debt:** −$3.3B
- **Net debt / EBITDA:** −2.4x
- **Change in share count:** −5.1%
- **Piotroski F-score:** 5/9
- **Insider buys, last 90 days:** $0.0M
- **Insider sells, last 90 days:** $0.0M

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## Annual results

From SEC EDGAR XBRL filings. Full table: https://stoqly.net/companies/vips/figures.csv

| US$ millions | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|
| Revenue | 8,517 | 10,789 | 12,773 | 13,457 | 14,758 | 18,150 | 15,321 | 15,933 | 15,065 | 14,736 |
| Operating income | 408 | 398 | 366 | 691 | 849 | 866 | 920 | 1,285 | 1,275 | 1,132 |
| Net income | 300 | 280 | 322 | 577 | 858 | 728 | 937 | 1,146 | 1,075 | 1,008 |
| Diluted EPS (US$) | 2.54 | 2.36 | 2.36 | 4.28 | 6.20 | 5.23 | 7.30 | 10.18 | 9.97 | 9.84 |
| Operating cash flow | 426 | 145 | 868 | 1,779 | 1,713 | 1,046 | 1,562 | 2,035 | 1,268 | 1,037 |
| Free cash flow | 130 | -180 | 488 | 1,301 | 1,388 | 622 | 1,201 | 1,729 | 890 | 761 |
| Cash | 592 | 1,570 | 1,725 | 1,383 | 2,956 | 3,413 | 3,411 | 3,856 | 3,867 | 4,109 |
| Debt and leases | — | 139 | 195 | 166 | 160 | 311 | 390 | 201 | 329 | 835 |

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Source: SEC EDGAR filings and end-of-day prices, via Stoqly. For information only — not investment advice or a recommendation to buy, sell or hold any security.