Vipshop Holdings Ltd (VIPS) SEC Filings & Earnings Calls
EquiReason read 6 Vipshop Holdings Ltd SEC filings in the last 12 months. Latest: 6-K on 2026-08-25 — Vipshop reports Q2 2026: revenue RMB24.7B (down 4.3% YoY), GMV down 1.6%, active customers down 2.8%. Net income up 189% due to one-off REIT gain; non-GAAP net income down 81% due .
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 6.0B
- P/E TTM
- —
- Dividend yield
- 4.3%
- 52-week
- —
- Next earnings
- 18 Nov, in 25 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
25 Aug 20266-KVipshop reports Q2 2026: revenue RMB24.7B (down 4.3% YoY), GMV down 1.6%, active customers down 2.8%. Net income up 189% due to one-off REIT gain; non-GAAP net income down 81% due to tax adjustment.earningsopen
Figures in the filing · each found in the filing text
| Active customers · Q2-2026 | 42,300,000 | -3% y/y |
| Total orders · Q2-2026 | 182,400,000 | -6% y/y |
Risks flagged
Subdued consumer demand in China leading to revenue and customer decline.
“subdued consumer demand” · word for word
One-off items distort earnings: REIT gain and tax adjustment.
“one-off investment gain of RMB5.79 billion from the listing of a commercial REIT ... one-time withholding tax adjustment” · word for word
21 May 20266-KVipshop reports Q1 2026: revenue up 1.2% YoY, GMV up 8.6%, net income up 13.6% YoY, active customers up 0.9%. In-line quarter with healthy margins and strong apparel sales.earningsopen
Figures in the filing · each found in the filing text
| Active customers · Q1-2026 | 41,700,000 | +1% y/y |
| Total orders · Q1-2026 | 172,600,000 | +3% y/y |
| Gross margin · Q1-2026 | 24.4% |
Risks flagged
Revenue growth slowing to 1.2% YoY, below GMV growth, indicating potential mix shift or discounting
“Revenue growth 1.2% vs GMV growth 8.6%”
Pull-forward of demand around Chinese New Year may impact Q2
“Pull-forward of demand around the Chinese New Year, which concentrated activity in the first two months” · word for word
16 Apr 202620-FVipshop reported FY2025 net revenues of RMB105.92B, down 2.3% YoY, and net income of RMB7.41B, down 5.5% YoY, while increasing annual dividend to US$3.10 per ordinary share.earningsopen
Figures in the filing · each found in the filing text
| Net revenues · FY2025 | $105.92B | -2% y/y |
| Net income · FY2025 | $7.41B | -6% y/y |
| Dividend per ordinary share · 2026-02-26 | $3.10 | +29% y/y |
Risks flagged
Revenue decline trend
“Net revenues declined from RMB112.86B in 2023 to RMB108.42B in 2024 and to RMB105.92B in 2025.”
Dependence on apparel segment
“Off-price retail sales of apparel products accounted for, and are expected to continue to account for, a significant portion of our total net revenues.” · word for word
Intense competition
“China's off-price retailer market is rapidly evolving and competitive.” · word for word
26 Feb 20266-KVipshop reports Q4 and FY2025 results: net revenues down 2.1% YoY to RMB32.5B, GMV up 0.6%, net income up 5.8% to RMB2.6B. Active customers flat at 45.3M. Company returned US$944.1M via dividends and buybacks in 2025.earningsopen
Figures in the filing · each found in the filing text
| Active customers · Q4-2025 | 45,300,000 | -1% y/y |
| Total orders · Q4-2025 | 206,000,000 | -5% y/y |
Risks flagged
Revenue decline and flat active customer growth indicate competitive pressure in Chinese e-commerce.
“Total net revenues decreased 2.1% YoY; active customers flat at 45.3M.”
20 Nov 20256-KVipshop reports Q3 2025 total net revenues of RMB21.4 billion (US$3.0 billion), up 3.4% YoY; net income attributable to shareholders up 16.8% YoY to RMB1.2 billion.earningsopen
Figures in the filing · each found in the filing text
| Active customers · Q3-2025 | 40,100,000 | +1% y/y |
| Total orders · Q3-2025 | 166,400,000 | +2% y/y |
Risks flagged
Gross margin contraction; competitive pressure in discount retail.
“Gross margin declined from 24.0% to 23.0% YoY.”
Vipshop Holdings Ltd — questions
- What did Vipshop Holdings Ltd file recently?
- 6 SEC filings in the last 12 months. Latest: 6-K on 2026-08-25 — Vipshop reports Q2 2026: revenue RMB24.7B (down 4.3% YoY), GMV down 1.6%, active customers down 2.8%. Net income up 189% due to one-off REIT gain; non-GAAP net income down 81% due to tax adjustment.
Every figure on this page comes from Vipshop Holdings Ltd's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.