Vipshop Holdings Limited (VIPS)

13.50 +0.22% (+0.03)

Over 5Y: -3.9%

2026-08-28
5 10 15 20
2021 2022 2023 2024 2025 2026

Financials Annual

FY21 — Revenue: 18.4B FY21 — Operating Cash Flow: 1.1B FY21 — Free Cash Flow: 629.6M FY21 — Net Income: 736.4M FY22 — Revenue: 15B FY22 — Operating Cash Flow: 1.5B FY22 — Free Cash Flow: 1.2B FY22 — Net Income: 915.1M FY23 — Revenue: 15.9B FY23 — Operating Cash Flow: 2B FY23 — Free Cash Flow: 1.7B FY23 — Net Income: 1.2B FY24 — Revenue: 14.9B FY24 — Operating Cash Flow: 1.3B FY24 — Free Cash Flow: 877.6M FY24 — Net Income: 1.1B FY25 — Revenue: 15.1B FY25 — Operating Cash Flow: 1.1B FY25 — Free Cash Flow: 782M FY25 — Net Income: 1B 0 4B 8B 12B 16B 20B
FY21 FY22 FY23 FY24 FY25
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2025-12-31, reported in USD. The newest fact in the filings is dated 2025-12-31, 242 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

5.4
ROIC 52.5%
OE margin 3.5%
Accruals -0.27%
ROA 9.2%
ROCE 17.0%
ROE 17.7%
FCF margin 5.2%
Gross margin 23.1%
OCF / EBIT 0.92×
OCF margin 7.0%

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

4.1
RPO / sales 0.0049×
RPO growth —
Segment HHI —

4 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

7.1
ND/EBITDA —
Debt / Eq 0.0×
Debt payback 0.0 yr
Payout 24.8%
Quick ratio 1.1×
F-score 5.6 pts
Cash / Debt —
Cash runway —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

2.9
Div. growth +4654.4%
EPS Y/Y +368.5%
EPS CAGR 4Y +17.6%
EBIT CAGR +7.4%
EBIT Y/Y -7.4%
EPS next Y —
Sales Q/Q —
Sales/sh Y/Y —

3 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.