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JD.com, Inc. (JD) Stock

JD.com, Inc. Stock Details, Movements and Public Alerts

JD.com (JD): China's 700 Million Customer E-Commerce and Logistics Giant Growing Revenue 20%

JD.com is China's largest direct-sales e-commerce platform, meaning it buys inventory, warehouses it, and delivers it through its own logistics network, a model closer to Amazon than to Alibaba's marketplace approach. CEO Sandy Ran Xu, who took over in May 2024, oversees a business that surpassed 700 million annual active customers in October 2025. JD Retail revenue grew 20.6% year-over-year to $43.3 billion in Q2 2025, driven by a combination of Chinese government stimulus programs, product category expansion, and aggressive pricing that attracted value-conscious consumers. JD Logistics operates over 130 bonded, direct mail, and overseas warehouses totaling 1.3 million square meters across the US, UK, France, Poland, South Korea, Vietnam, and Saudi Arabia. The 2024 full-year revenue of 1.16 trillion yuan ($160 billion) grew 6.8% year-over-year, but Q2 2025 acceleration suggests the growth story is strengthening.

52-Week Range

$46.45 - $26.72

-40.98% from high · +2.60% from low

Avg Daily Volume

8,650,529

20-day average

100-day avg: 11,114,577

Fundamentals

Valuation Metrics

P/E Ratio (TTM)

8.90

Below market average

Forward P/E

8.98

Earnings expected to decline

Price to Book

1.15

EV/EBITDA

2.44

EPS (TTM)

$3.08

Price to Sales

0.03

Beta

0.41

Less volatile than market

Q:How is JD valued relative to its earnings and growth?
JD.com, Inc. trades at a P/E ratio of 8.90, which is below the market average of approximately 20. This lower valuation could indicate the market has modest growth expectations, or it might represent an undervalued opportunity if the fundamentals are strong. Looking ahead, the forward P/E of 8.98 is higher than the current P/E, indicating analysts expect earnings to decline over the next year.
Q:What is JD's risk profile compared to the market?
With a beta of 0.41, JD.com, Inc. is less volatile than the overall market. This means when the market moves up or down by 10%, this stock typically moves less than 10% in the same direction. Lower beta stocks are often preferred by conservative investors seeking stability. The price-to-book ratio of 1.15 shows investors value the company above its book value, which often reflects intangible assets or growth prospects.

Performance & Growth

Profit Margin

2.47%

Operating Margin

-0.41%

EBITDA

$27.02B

Return on Equity

11.72%

Return on Assets

1.62%

Revenue Growth (YoY)

14.90%

Earnings Growth (YoY)

-56.20%

Q:How profitable and efficient is JD's business model?
JD.com, Inc. achieves a profit margin of 2.47%, meaning it retains $2.47 from every $100 in revenue after all expenses. This relatively low margin suggests the company operates in a competitive environment or high-cost industry where profitability is challenging. The operating margin of -0.41% reveals how efficiently the company runs its core business operations before interest and taxes. With ROE at 11.72% and ROA at 1.62%, the company achieves moderate returns on invested capital.
Q:What are JD's recent growth trends?
JD.com, Inc.'s revenue grew by 14.90% year-over-year, showing steady progress in growing the business. This positive trajectory indicates the company maintains competitive positioning in its markets. Earnings decreased by 56.20% year-over-year, reflecting the bottom-line impact of business performance. These growth metrics should be evaluated against Internet Retail industry averages for proper context.

Dividend Information

Dividend Per Share

$1.00

Dividend Yield

3.65%

Ex-Dividend Date

Apr 8, 2025

Dividend Date

Apr 29, 2025

Q:What dividend income can investors expect from JD?
JD.com, Inc. offers a dividend yield of 3.65%, paying $1.00 per share annually. This above-average yield of 2-4% provides meaningful income while still allowing the company to reinvest for growth. It compares favorably to the S&P 500 average and offers competitive returns versus bonds in the current rate environment. To receive the next dividend, shares must be purchased before the ex-dividend date of Apr 8, 2025.
Q:How reliable is JD's dividend for long-term investors?
The dividend sustainability can be assessed through the payout ratio - JD.com, Inc. pays $1.00 per share in dividends against earnings of $3.08 per share, resulting in a payout ratio of 32.47%. This balanced payout between 30-60% suggests a sustainable dividend policy that allows both shareholder returns and business reinvestment. The dividend appears well-covered by earnings. The next dividend payment is scheduled for Apr 29, 2025.

Company Size & Market

Market Cap

$40.4B

Revenue (TTM)

$1303.79B

Revenue/Share (TTM)

$908.42

Shares Outstanding

1.42B

Book Value/Share

$23.86

Asset Type

EQUITY

Q:What is JD's market capitalization and position?
JD.com, Inc. has a market capitalization of $40.4B, classifying it as a large-cap stock ($10B-$200B). Large-caps are typically industry leaders with established business models, offering a balance of stability and growth potential. They often provide dividend income and are core holdings in institutional portfolios. With 1.42B shares outstanding, the company's ownership is widely distributed. As a participant in the Internet Retail industry, it competes with other firms in this sector.
Q:How does JD's price compare to its book value?
JD.com, Inc.'s book value per share is $23.86, while the current stock price is $27.41, resulting in a price-to-book (P/B) ratio of 1.15. This reasonable premium to book value suggests the market values the company's earnings power and intangible assets appropriately. Most profitable companies trade between 1-3x book value. As EQUITY, this represents a specific type of security.

Analyst Ratings

Analyst Target Price

$40.50

47.74% upside potential

Analyst Recommendations

Strong Buy

6

Buy

28

Hold

3

Sell

1

Strong Sell

0

Q:How reliable are analyst predictions for JD?
38 analysts cover JD with 89% recommending buy/strong buy ratings. Analyst predictions have mixed reliability - studies show consensus rarely beats market returns consistently. The strong bullish consensus may already be priced in. The consensus target of $40.50 implies 47.7% upside, but targets are often adjusted to follow price moves rather than predict them.
Q:What is the Wall Street consensus on JD?
Current analyst recommendations:6 Strong Buy, 28 Buy, 3 Hold, 1 Sell, 0The bullish tilt suggests optimism about future prospects, though investors should conduct independent research.Remember that analyst opinions often lag price movements and can be influenced by investment banking relationships.

Fundamentals last updated: Feb 22, 2026, 02:04 AM

Technical Indicators

RSI (14-day)

39.52

Neutral

50-Day Moving Average

$28.86

-5.02% below MA-50

200-Day Moving Average

$31.66

-13.42% below MA-200

MACD Line

-0.52

MACD Signal

-0.46

MACD Histogram

-0.05

Bearish

Q:What does JD's RSI value tell investors?
The RSI (Relative Strength Index) for JD is currently 39.52, indicating the stock is showing bearish momentum (30-40 range). Selling pressure is evident but not extreme. This often occurs during pullbacks in uptrends or early stages of downtrends. Combined with the price being below the 50-day moving average, this confirms bearish conditions.
Q:How should traders interpret JD's MACD and moving average crossovers?
MACD analysis shows the MACD line at -0.52 below the signal line at -0.46, with histogram at -0.05. This bearish crossover indicates downward pressure. The narrow histogram suggests a potential trend change ahead. The 50-day MA ($28.86) is below the 200-day MA ($31.66), forming a death cross pattern that often warns of extended weakness. Price is currently below both MAs, confirming weakness.

Indicators last updated: Feb 22, 2026, 12:51 AM

Active Alerts

Alert Condition
Price falls below
Threshold
$26.00
Created
Oct 8, 2025, 09:24 AM

JD.com (JD) Stock Analysis 2025: Complete Investment Guide

The Direct-Sales Model Advantage

JD.com's business model differs fundamentally from most Chinese e-commerce platforms. While Alibaba, Pinduoduo, and Temu operate marketplaces connecting buyers with third-party sellers, JD purchases inventory directly from brands and manufacturers, stores it in its own warehouses, and delivers it using its own logistics fleet. This first-party model provides tighter quality control, faster delivery (same-day and next-day in most Chinese cities), and higher customer trust, particularly for electronics, appliances, and other high-value categories.

The trade-off is lower margins: holding inventory and operating logistics infrastructure costs more than a pure marketplace. But the advantage compounds over time. JD's supply chain efficiency improves as volumes grow, and customers who receive authentic products quickly develop loyalty that marketplace platforms struggle to match. In a market where counterfeiting and slow delivery plague smaller platforms, JD's reliability has become its strongest competitive advantage.

JD Logistics: The Infrastructure Asset

JD Logistics operates one of the largest fulfillment networks in the world. Over 130 bonded warehouses, direct mail facilities, and overseas warehouses span China and an expanding international footprint including the United States, United Kingdom, France, Poland, South Korea, Vietnam, and Saudi Arabia. The total managed warehouse area exceeds 1.3 million square meters. This infrastructure supports both JD.com's own e-commerce business and third-party logistics clients who pay JD Logistics to store and ship their products.

The international expansion of JD Logistics is particularly significant. While JD.com's e-commerce operations remain focused primarily on China, the logistics network is building global fulfillment capability that could support cross-border e-commerce or serve as a standalone third-party logistics business, similar to how Amazon's FBA fulfills orders for non-Amazon sellers.

Financial Performance

  • •FY2024 Revenue: 1.16 trillion yuan (~$160 billion), up 6.8% year-over-year
  • •Q2 2025 JD Retail Revenue: RMB 310.1 billion ($43.3B), up 20.6% year-over-year (significant acceleration)
  • •Annual Active Customers: Surpassed 700 million milestone in October 2025
  • •Logistics Scale: 130+ warehouses globally, 1.3 million square meters managed area
  • •Profitability: Consistent operating profit growth through supply chain efficiency and scale leverage
  • •Analyst Consensus: Average 'Buy' rating; $40.90 price target representing ~51% upside

Growth Catalysts

  • •Chinese Consumer Recovery: Government stimulus programs are boosting consumer spending; Q2 2025's 20.6% retail growth suggests the stimulus is translating to JD's platform
  • •Product Category Expansion: JD is expanding beyond electronics and appliances into groceries, health products, and luxury goods, increasing share of customer wallet
  • •International Logistics: Overseas warehouse network positions JD to serve cross-border e-commerce demand; growing presence in Southeast Asia and Middle East
  • •Third-Party Logistics Revenue: JD Logistics serves external clients, generating revenue from its infrastructure independent of JD.com's own sales
  • •AI and Automation: Warehouse automation, autonomous delivery vehicles, and AI-powered demand forecasting improve margins as volumes grow

Risks and Challenges

  • •Chinese Regulatory Risk: Government policy toward technology companies has been unpredictable; antitrust actions, data security laws, and other regulations could impact operations or profitability
  • •Competition Intensifying: Pinduoduo/Temu's aggressive pricing, Alibaba's recovery efforts, and Douyin (TikTok) commerce are all competing for the Chinese consumer's spending
  • •Macro Sensitivity: China's economic growth trajectory and consumer confidence directly affect JD's revenue; any return to deflationary pressures would slow growth
  • •VIE Structure Risk: JD's US-listed shares represent a variable interest entity (VIE) structure, not direct equity ownership; this creates structural risk for foreign investors
  • •Geopolitical Risk: US-China tensions could affect JD's international expansion plans, supply chains, and the trading of its US-listed ADRs

Competitive Landscape

Alibaba Group remains JD's primary competitor in Chinese e-commerce, operating the Taobao and Tmall marketplaces. Alibaba has larger gross merchandise volume overall but uses a marketplace model with third-party sellers. Pinduoduo (parent of Temu) has grown rapidly by targeting price-sensitive consumers with its group-buying model. Douyin (Chinese TikTok) is aggressively building live-stream commerce, and Meituan dominates local services and grocery delivery.

JD differentiates through product authenticity, delivery speed, and the direct-sales model that provides a customer experience closer to Amazon than to eBay. In electronics and appliances, JD holds the largest market share in China. The self-owned logistics network is a competitive moat that marketplace platforms cannot easily replicate, as building warehouses and delivery fleets requires years of investment and operational expertise.

Who Is This Stock Suitable For?

Perfect For

  • ✓Investors seeking discounted exposure to Chinese consumer recovery through the largest direct e-commerce platform
  • ✓Those who believe China's economic stimulus will drive sustained consumer spending growth
  • ✓Value-oriented investors attracted by the ~51% analyst upside target and low valuation relative to revenue
  • ✓Investors who want e-commerce exposure with an asset-heavy logistics moat

Less Suitable For

  • ✗Risk-averse investors uncomfortable with Chinese regulatory and geopolitical uncertainty
  • ✗Those who cannot accept VIE structure risk inherent in US-listed Chinese companies
  • ✗Income investors (dividend yield is modest relative to the stock's risk profile)
  • ✗Investors who believe China's consumer economy faces structural rather than cyclical headwinds

Investment Thesis

JD.com trades at a significant discount to its US and Chinese e-commerce peers, reflecting the market's pricing of China risk. The Q2 2025 revenue acceleration to 20.6% growth demonstrates that when Chinese consumer spending recovers, JD's direct-sales model captures that demand with high efficiency. The 700 million customer base and self-owned logistics network create a defensible position that marketplace competitors cannot easily attack.

The risk is binary: if China's consumer economy stabilizes and geopolitical tensions moderate, JD trades at a fraction of the multiple that Amazon or even Alibaba commands for similar revenue scale. If regulatory actions intensify or US-China relations deteriorate, the VIE structure and ADR listing could come under pressure regardless of operational performance. JD is a position for investors who have a view on China's economic trajectory and can tolerate the associated political and structural risks.

Conclusion

JD.com offers compelling value for investors willing to accept China-specific risks. The direct-sales model, logistics infrastructure, and 700 million customer base create a business that would command a much higher valuation if operated outside China. Position sizing should reflect the binary nature of China risk: if your thesis on Chinese consumer recovery is correct, the upside is substantial.
Bull Case
$48 (75% upside) - Consumer stimulus sustains 15%+ revenue growth, margins expand, international logistics scales, China risk discount narrows
Base Case
$38 (40% upside) - Revenue growth moderates to 10-12%, logistics expansion progresses, valuation gap partially closes
Bear Case
$18 (33% downside) - Chinese economy weakens, regulatory pressure intensifies, geopolitical tensions escalate, ADR delisting risk surfaces

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