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JD.com is the third-largest Chinese e-commerce platform by GMV in 2024. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.
2006
517.1K+
LTM Revenue $163B
LTM EBITDA $7.3B
$38.0B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
JD.com has a last 12-month revenue of $163B and a last 12-month EBITDA of $7.3B.
In the most recent fiscal year, JD.com achieved revenue of $139B and an EBITDA of $5.5B.
JD.com expects next 12-month revenue of XXX and NTM EBITDA of XXX
See JD.com valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $135B | $139B | XXX | XXX | XXX |
| Gross Profit | $16.6B | $18.9B | XXX | XXX | XXX |
| Gross Margin | 12% | 14% | XXX | XXX | XXX |
| EBITDA | $3.0B | $5.5B | XXX | XXX | XXX |
| EBITDA Margin | 2% | 4% | XXX | XXX | XXX |
| Net Profit | -$458M | $1.3B | XXX | XXX | XXX |
| Net Margin | 0% | 1% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, JD.com's stock price is HKD 155 (or $20).
JD.com has current market cap of HKD 449B (or $57.7B), and EV of HKD 295B (or $38.0B).
See JD.com trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $38.0B | $57.7B | XXX | XXX | XXX | XXX | $2.20 |
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Sign UpAs of April 15, 2025, JD.com has market cap of $57.7B and EV of $38.0B.
JD.com's trades at 0.2x LTM EV/Revenue multiple, and 5.2x LTM EBITDA.
Analysts estimate JD.com's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for JD.com and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $38.0B | XXX | XXX | XXX |
| EV/Revenue | 0.3x | XXX | XXX | XXX |
| EV/EBITDA | 6.9x | XXX | XXX | XXX |
| P/E | 18.6x | XXX | XXX | XXX |
| P/E/Growth | 0.3x | XXX | XXX | XXX |
| EV/FCF | 7.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpJD.com's NTM/LTM revenue growth is 7%
JD.com's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $32K for the same period.
Over next 12 months, JD.com's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate JD.com's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for JD.com and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 85% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 11% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $32K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 4% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 2% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 12% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Brillia Inc | XXX | XXX | XXX | XXX | XXX | XXX |
| Adore Beauty | XXX | XXX | XXX | XXX | XXX | XXX |
| Kogan.com | XXX | XXX | XXX | XXX | XXX | XXX |
| Temple & Webster | XXX | XXX | XXX | XXX | XXX | XXX |
| BIKE24 | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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JD.com acquired XXX companies to date.
Last acquisition by JD.com was XXXXXXXX, XXXXX XXXXX XXXXXX . JD.com acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was JD.com founded? | JD.com was founded in 2006. |
| Where is JD.com headquartered? | JD.com is headquartered in Hong Kong. |
| How many employees does JD.com have? | As of today, JD.com has 517.1K+ employees. |
| Who is the CEO of JD.com? | JD.com's CEO is Ms. Sandy Ran Xu. |
| Is JD.com publicy listed? | Yes, JD.com is a public company listed on HKG. |
| What is the stock symbol of JD.com? | JD.com trades under 09618 ticker. |
| When did JD.com go public? | JD.com went public in 2020. |
| Who are competitors of JD.com? | Similar companies to JD.com include e.g. Brillia Inc, Adore Beauty, Kogan.com, Temple & Webster. |
| What is the current market cap of JD.com? | JD.com's current market cap is $57.7B |
| What is the current revenue of JD.com? | JD.com's last 12-month revenue is $163B. |
| What is the current EBITDA of JD.com? | JD.com's last 12-month EBITDA is $7.3B. |
| What is the current EV/Revenue multiple of JD.com? | Current revenue multiple of JD.com is 0.2x. |
| What is the current EV/EBITDA multiple of JD.com? | Current EBITDA multiple of JD.com is 5.2x. |
| What is the current revenue growth of JD.com? | JD.com revenue growth between 2023 and 2024 was 4%. |
| Is JD.com profitable? | Yes, JD.com is EBITDA-positive (as of the last 12 months). |
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