Reading the tape
NASDAQ: JD
JD.com, Inc.
Consumer Cyclical · Specialty Retail
Market Cap
$43.46B
52w High
$38.08
52w Low
$24.51
P/E
14.67
Volume
11.05M
Outstanding Shares
1.42B
Price vs Fundamentals
Why The Stock Is Moving
Likely fundamental deteriorationModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -15.31%Revenue (TTM): 12.97%FCF (TTM): -88.16%P/FCF: 94th pct
What changed
The stock fell 15.31% over the last year. Revenue grew 12.97% over the trailing twelve months. Operating margin moved from 3.34% to 0.21%. Free cash flow declined 88.16% over the trailing twelve months.
What the market seems to be pricing
The market is reacting to weaker business momentum more than just compressing the valuation multiple. Even if the shares already screen cheap on P/FCF, investors are still discounting lower future earnings power.
What would invalidate this read
Operating margin stands at 0.21%. Free cash flow fell 88.16% — a return toward positive territory would undermine the deterioration thesis. If margins and cash flow stabilize while the stock stays depressed, the gap shifts from fundamental damage toward pure multiple compression.
Company profile
JD.com, Inc. operates as a supply chain-based technology and service provider in the People's Republic of China.
CEOQiangdong Liu
SectorConsumer Cyclical
IndustrySpecialty Retail
Employees570,895
IPO dateMay 22, 2014
Valuation
Forward P/E—
EV/EBITDA6.60
Enterprise value$243.13B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth1.53%
Gross margin12.79%▼4.92%vs FY2024
Operating margin0.31%▼93.66%vs FY2024
ROE8.72%▼49.55%vs FY2024
Analyst consensus
RatingBuy
Target price$32.86▲7.63%
32
Buy
12
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 12, 2026
Q2 FY26 · EPS est $0.57 · Revenue est $45.15B
View
Dividends
$1.00/shareAnnual3yr growth streakAt RiskJD pays a dividend with a 3.28% dividend yield, 3 consecutive years of growth, growing at 17.27% annually, covered 0.5× by free cash flow.
Dividend Yield
3.28%
Annual Div / Share
$1.00
TTM $3.39
3yr CAGR
+17.27%
Doubles every ~4.3yr
Payout Ratio
52.76%
At Risk
Dividend Growth Rate
3yr CAGR
+17.27%
Dividend Safety
4/10At Risk
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$1.00+0.0%
2025$1.00+31.6%
2024$0.76+22.6%
2023$0.62-50.8%
2022$1.26—
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$33/yr
$3/mo
In 5 yrs
$58/yr+76%
$5/mo
In 10 yrs
$102/yr+211%
$8/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$33/yr $3/mo | $58/yr+76% $5/mo | $102/yr+211% $8/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 3.28% → 10.17% over 10yr
Analysis
Dividend Strengths
No strong strength signal stands out from the latest period pair.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only 0.46× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.