Vipshop Holdings Limited (VIPS) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	105.1B	105.9B	108.4B	112.9B	103.2B
Cost of Revenue	80.4B	81.4B	83.0B	87.1B	81.5B
Gross Profit	24.7B	24.5B	25.5B	25.7B	21.6B
Operating Expenses
R&D Expense	1.8B	1.8B	1.9B	1.8B	1.6B
SG&A Expense	13.5B	15.7B	15.3B	15.5B	14.3B
General & Admin Expense	1.1B	—	—	—	—
Selling & Marketing Expense	760.3M	—	—	—	—
Other Expenses	1.4B	(1.1B)	(915.2M)	(645.3M)	(485.5M)
Total Operating Expenses	16.7B	16.4B	16.3B	16.6B	15.4B
Cost and Expenses	97.1B	97.8B	99.2B	103.8B	97.0B
Operating Income (EBIT)	8.0B	8.1B	9.2B	9.1B	6.2B
Non-Operating
Interest Income	720.0M	779.7M	809.8M	780.3M	764.0M
Interest Expense	326.4M	87.6M	57.7M	22.9M	24.3M
Net Interest Income	393.6M	692.2M	752.1M	757.4M	739.8M
Other Non-Op Income/Expense	6.8B	1.1B	981.2M	963.2M	1.9B
Non-Operating Income (excl Interest)	(7.1B)	(1.2B)	181.7M	7.4M	(71.4M)
EBT (Pre-Tax Income)	14.8B	9.2B	10.2B	10.1B	8.1B
Income Tax Expense	4.7B	1.8B	2.3B	1.9B	1.8B
Bottom Line
Net Income	10.3B	7.2B	7.7B	8.1B	6.3B
Earnings from Cont. Ops	10.0B	7.4B	7.8B	8.2B	6.3B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	10.3B	7.2B	7.7B	8.1B	6.3B
Per Share
Basic EPS	$21.21	$14.06	$14.59	$14.66	$9.90
Diluted EPS	$20.83	$14.15	$14.35	$14.42	$9.83
Revenue Per Share	$218.34	$206.91	$204.42	$200.54	$148.69
Shares
Basic Shares Outstanding	481.2M	511.9M	530.4M	562.8M	693.7M
Diluted Shares Outstanding	488.1M	511.9M	539.3M	562.8M	693.7M
Profitability Metrics
EBITDA	15.8B	10.7B	10.4B	10.4B	7.5B
D&A	711.1M	1.4B	1.4B	1.3B	1.2B
EBIT	15.1B	9.3B	9.0B	9.1B	6.3B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026