JD.com misses on Q4 earnings, revenue roughly in line with estimates

Investing.com -- JD.com reported fourth-quarter earnings that missed analyst expectations, while revenue came in broadly in line. The company’s shares edged slightly lower in U.S. premarket trading.

The Chinese e-commerce firm posted earnings per share (EPS) of RMB0.57 for the quarter, missing the consensus estimates of RMB0.67. Revenue for the period rose 1.5% year-over-year to RMB352.28 billion, roughly in line with the consensus estimate of RMB352.89 billion.

Adjusted EBITDA was negative RMB0.8 billion in the fourth quarter of 2025, down from RMB12.5 billion in the same period a year earlier. The non-GAAP EBITDA margin stood at negative 0.2%, compared with 3.6% in the fourth quarter of 2024.

"We were pleased to close out 2025 with fourth quarter results in line with expectations, capping another solid full-year performance,” said Sandy Xu, CEO of JD.com.

"Our core JD Retail business remained resilient, achieving double-digit growth in both revenues and operating profit for the full year despite a highly competitive industry landscape."

JD Retail reported income from operations of RMB9.8 billion for the quarter, slightly down from RMB10.0 billion a year earlier. The segment’s operating margin was 3.2%, compared with 3.3% in the fourth quarter of 2024.

The company also approved an annual cash dividend of $1.0 per ADS for 2025, payable to shareholders on record as of April 9, 2026. The total dividend payout is expected to be about $1.4 billion.

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