JD.com Falls: Stable Revenue Not Enough as Earnings Miss & Key Metric Turns Negative

Chinese e-commerce giant JD.com (NASDAQ: JD) released its financial results for the fourth quarter, with earnings per share falling short of analysts' projections, while revenue largely aligned with forecasts. Following the announcement, the company's shares experienced a modest decline of approximately 1% during Thursday's trading session.

For the quarter, JD.com reported earnings per share of RMB0.57, which was below the market's anticipated RMB0.67. Total revenue saw a 1.5% increase year-over-year, reaching RMB352.28 billion. This figure closely mirrored the consensus estimate of RMB352.89 billion.

A notable point in the report was the adjusted EBITDA, which turned negative at RMB0.8 billion for the fourth quarter of 2025, a significant shift from the positive RMB12.5 billion recorded in the same period of the previous year. Concurrently, the non-GAAP EBITDA margin also reflected this downturn, standing at negative 0.2% compared to 3.6% in the fourth quarter of 2024.

Within the company's core JD Retail segment, operating income for the quarter was RMB9.8 billion, a slight decrease from the RMB10.0 billion reported a year prior. The segment's operating margin also saw a marginal dip, settling at 3.2% against 3.3% in the fourth quarter of 2024.

According to Ranked Stocks' proprietary analysis, JD.com holds an RS Score of 64.87. This places the company in the 41.00th percentile within its country and the 44.95th percentile within its sector. Strong areas for JD.com include Valuation, with a score of 99.69, and Profitability, scoring 98.74. Conversely, weaker aspects highlighted by the data are Growth (58.18), Momentum (10.99), and EPS Revisions (69.00). Want to discover which stocks rank the highest? Start your free 7-day trial at rankedstocks.com.