China's JD.com Q1 revenue rises 4.9% on JD Retail strength

JD.com

12/05/2026 11:00

Overview

China e-commerce giant's Q1 revenue rose 4.9% yr/yr

Adjusted net income and EPS fell yr/yr amid higher investment and expenses

Company repurchased 1.6% of shares for $631 mln in Q1

Outlook

JD.com did not provide specific financial guidance for the current qtr or full yr

Result Drivers

GENERAL MERCHANDISE & SERVICES - Growth was driven by strong general merchandise sales and high-margin businesses such as marketplace and marketing revenues, per CFO Ian Su Shan

ELECTRONICS & HOME APPLIANCES DECLINE - Electronics and home appliances revenue fell 8.4% yr/yr, weighing on overall product revenue growth

HIGHER EXPENSES & INVESTMENT - Increased fulfillment, marketing, R&D, and administrative expenses, including a regulatory fine, reduced margins and net income

Company press release: ID:nGNX8H8Knw

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
RMB 315.7 bln
Q1 Adjusted Net Income Per ADS
RMB 5.12
Q1 Net Income Per ADS
RMB 3.54
Q1 Adjusted Net Income
RMB 7.4 bln
Q1 Net Income Attributable To Ordinary Shareholders
RMB 5.1 bln
Q1 Adjusted Operating Income
RMB 5.6 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the department stores peer group is "buy"

Wall Street's median 12-month price target for JD.com Inc is HK$150.00, about 26.7% above its May 12 closing price of HK$118.40

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)