Chinese online discount retailer Vipshop's Q2 revenue, profit decline

Vipshop Holdings

14/08/2025 10:10

Overview

Vipshop Q2 2025 revenue falls to RMB25.8 bln ($3.6 bln) from RMB26.9 bln yr/yr

Net income attributable declines to RMB1.5 bln from RMB1.9 bln yr/yr

GMV rises 1.7% to RMB51.4 bln, driven by apparel and Super VIP growth

Outlook

Company expects Q3 2025 revenue between RMB20.7 bln and RMB21.7 bln

Result Drivers

APPAREL PERFORMANCE - Apparel categories contributed to GMV growth, according to CEO Eric Shen

SUPER VIP GROWTH - Double-digit growth in Super VIP memberships supported GMV increase, per CEO Eric Shen

OPERATING EXPENSES - Increase in general and administrative expenses impacted overall profitability

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
RMB 25.80 bln
Q2 Adjusted Net Income
RMB 2.10 bln
Q2 Net Income
RMB 1.50 bln
Q2 GMV
RMB 51.40 bln
Q2 Gross Profit
RMB 6.10 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 12 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy"

Wall Street's median 12-month price target for Vipshop Holdings Ltd is $16.10, about 1.6% above its August 13 closing price of $16.36

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nPn8QrsHKa

(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.)