Vipshop Holdings Ltd
VIPS NYSE· Retail-Catalog & Mail-Order Houses
Last close · Oct 30, 2026
$12.88
KIRA · Stoqly’s AI analyst, in plain words
- Vipshop Holdings Ltd had $14.7B of revenue in fiscal 2025, down 2.2% on the year before. Over five years, revenue changed −0.0% a year on average.
- Its operating margin was 7.7%, down 0.8 pts: of every 100 in sales, about 8 is left after running the business.
- Vipshop Holdings Ltd made $1.0B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 16.3% a year.
- Free cash flow was $761M in fiscal 2025, 5.2% of revenue.
- Vipshop Holdings Ltd returned $937M to shareholders in fiscal 2025, 123% of free cash flow. The diluted share count fell 5.1%.
- Vipshop Holdings Ltd has $3.3B more cash than debt.
Market cap
—
P/E
—
Revenue
$14.7B
Net income
$1.0B
Free cash flow
$761M
Operating margin
7.7%
Vipshop Holdings Ltd in 30 seconds · fiscal 2025
Are sales growing?
−2.2%
No. Sales fell 2.2% last year.
Does it make a profit?
6.8%
A little. It keeps 6.8% of every sale as profit.
Does profit turn into cash?
5.2%
Partly. 5.2% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
What Vipshop Holdings Ltd does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 16, 2026
- Legal name
- Vipshop Holdings Ltd
- CIK
- 0001529192
Vipshop Holdings Ltd · VIPS · stoqly.net
Results and finances
The last 5 fiscal years. Amounts in USD. Compiled by stoqly.net.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $18.1B | $15.3B | $15.9B | $15.1B | $14.7B |
| Revenue growth | 23.0% | −15.6% | 4.0% | −5.4% | −2.2% |
| Gross margin | 19.7% | 21.0% | 22.8% | 23.5% | 23.1% |
| Operating margin | 4.8% | 6.0% | 8.1% | 8.5% | 7.7% |
| Net income | $728M | $937M | $1.1B | $1.1B | $1.0B |
| Net margin | 4.0% | 6.1% | 7.2% | 7.1% | 6.8% |
| Diluted EPS | $5.23 | $7.30 | $10.18 | $9.97 | $9.84 |
| Cash | |||||
| Cash from operations | $1.0B | $1.6B | $2.0B | $1.3B | $1.0B |
| Capital expenditure | $424M | $361M | $306M | $378M | $276M |
| Free cash flow | $622M | $1.2B | $1.7B | $890M | $761M |
| FCF margin | 3.4% | 7.8% | 10.9% | 5.9% | 5.2% |
| Dividends paid | — | — | — | $234M | $250M |
| Share buybacks | $301M | $929M | $721M | $537M | $687M |
| Share count change | 0.5% | −7.6% | −12.2% | −4.2% | −5.1% |
| Debt and strength | |||||
| Cash and short-term investments | $3.4B | $3.4B | $3.9B | $3.9B | $4.1B |
| Debt incl. finance leases | $311M | $390M | $201M | $329M | $835M |
| Loans, net | $81.4M | $22.8M | $19.3M | — | — |
| Shareholders' equity | $5.1B | $4.7B | $5.2B | $5.5B | $5.9B |
| Net debt / EBITDA | −3.0x | −2.7x | −2.5x | −2.4x | −2.4x |
| Current ratio | 1.3x | 1.2x | 1.2x | 1.3x | 1.3x |
| Interest coverage | 386.0x | 255.5x | 397.0x | 159.0x | 90.4x |
| Returns and quality | |||||
| Return on capital | 33.7% | 41.7% | 67.6% | 50.5% | 35.0% |
| Return on equity | 15.3% | 19.0% | 23.0% | 20.1% | 17.8% |
| Return on tangible equity | 14.5% | 20.4% | 22.7% | 20.2% | 17.7% |
| Piotroski F-score | 5 | 6 | 8 | 6 | 5 |
| Altman Z'' | 3.7 | 3.7 | 4.3 | 4.6 | 4.7 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$1.0M
4 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Vipshop Holdings Ltd · VIPS · stoqly.net
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $12.88 a share, the company is worth —.
Compiled and analysed by stoqly.net from SEC EDGAR XBRL filings (CIK 0001529192). Latest version: stoqly.net/companies/vips. Data updated November 1, 2026. Filed in CNY under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.