Vipshop Holdings Limited reported earnings results for the fourth quarter and full year ended December 31, 2025. For the fourth quarter, the company reported revenue was CNY 32,473.78 million compared to CNY 33,223.84 million a year ago. Net income was CNY 2,589.22 million compared to CNY 2,446.68 million a year ago. Basic earnings per share from continuing operations was CNY 5.294 compared to CNY 4.766 a year ago. Diluted earnings per share from continuing operations was CNY 5.124 compared to CNY 4.692 a year ago.
For the full year, revenue was CNY 105,919.55 million compared to CNY 108,420.83 million a year ago. Net income was CNY 7,242.49 million compared to CNY 7,739.94 million a year ago. Basic earnings per share from continuing operations was CNY 14.474 compared to CNY 14.594 a year ago. Diluted earnings per share from continuing operations was CNY 14.148 compared to CNY 14.352 a year ago.
Vipshop Holdings Ltd is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company's segment is sales, product distribution and offering of goods on its online platforms. The Company conducts its business through its subsidiaries and consolidated affiliated entities in China. Through its flash sales model, the Company sells limited quantities of discounted branded products online for limited periods of time. The Company offers diversified product offerings from over 17,000 domestic and international brands, including apparel for women, men and children, fashion goods, cosmetics, home goods and other lifestyle products. The Company offers a range of products and services for consumers through lefeng.com, specializing in branded cosmetics, apparel, healthcare products, food and other consumer products.
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
