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Dec 31, 2024
JD.com Q4 2024 Earnings Report
JD.com reported strong revenue and profit growth in Q4 2024, with net revenues increasing by 13.4% year-on-year and net income more than doubling.
Key Takeaways
JD.com delivered a solid performance in Q4 2024, with revenue reaching $47.5 billion, a 13.4% increase year-over-year. Operating income surged to $1.2 billion, reflecting improved profitability. Net income for the quarter grew by 190.8% to $1.4 billion, driven by operational efficiencies and strong market demand. The company also reported an increase in non-GAAP EPS, reflecting robust financial health.
Net revenues increased by 13.4% year-over-year to $47.5 billion.
Operating income rose significantly to $1.2 billion, up 319.3% from Q4 2023.
Net income attributable to shareholders grew by 190.8% to $1.4 billion.
Non-GAAP diluted EPS increased by 40.0% to $1.02 per ADS.
Revenue by Segment
Forward Guidance
JD.com expects continued revenue growth in 2025, supported by expanding market share and improving operational efficiencies.
Positive Outlook
- Revenue growth expected to continue, driven by strong consumer demand.
- Profitability improvements through cost optimizations and operational efficiency.
- Expansion of logistics and global supply chain solutions.
- Strong momentum in active user growth and shopping frequency.
- Increased shareholder returns through dividends and share buybacks.
Challenges Ahead
- Potential macroeconomic uncertainties could impact consumer spending.
- Increased competition in the e-commerce space.
- Regulatory challenges and compliance costs in China.
- Rising operational costs, including logistics and marketing expenses.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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