Vipshop Holdings Limited VIPS

Annual Quarterly

FY2025 · ended Dec 31, 2025 · Revenue $15.15B, +2.0% YoY · Filed Apr 16, 2026

Vipshop Holdings Limited (VIPS) files with the SEC under industry code 5961, Retail-Catalog & Mail-Order Houses. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $15.1 billion and net income of $1.0 billion. Free cash flow was $782.0 million. As of Dec 31, 2025 it held $4.1 billion in cash and investments and $922.2 million in total debt.

Revenue
$15.15B
+2.0% vs prior year
Net income
$1.04B
Operating cash flow
$1.07B
-14.8% vs prior year
Free cash flow
$781.98M
-10.9% vs prior year
EPS
$10.12
+3.0% vs prior year
Dividend per share
None
Shares outstanding
0
-100.0% vs prior year
Net cash
$3.19B
FY 2025
Operating margin
7.7%
FY 2025

Company profile

Industry
Retail-Catalog & Mail-Order Houses (SIC 5961)
Listed as
VIPS (NYSE)
Fiscal year ends
December 31
Headquarters
Guangzhou
SEC filer status
Large accelerated filer
SEC CIK
1529192

Other Retail-Catalog & Mail-Order Houses companies

Key figures

Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.

Line
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
Revenue
$15.1B
$14.9B
$15.9B
$15.0B
$18.4B
Operating income
$1.2B
$1.3B
$1.3B
$898.5M
$876.0M
Net income
$1.0B
—
—
—
—
Diluted EPS
$10.12
$9.83
$10.16
$7.13
$5.29
Operating cash flow
$1.1B
$1.3B
$2.0B
$1.5B
$1.1B
Free cash flow
$782.0M
$877.6M
$1.7B
$1.2B
$629.6M
Total assets
$11.3B
$10.3B
$10.2B
$9.5B
$9.8B
Total liabilities
$4.9B
$4.6B
$4.8B
$4.6B
$4.5B
Stockholders' equity
$5.9B
$5.5B
$5.2B
$4.7B
$5.1B
Cash and investments
$4.1B
$3.9B
$3.9B
$3.4B
$3.4B
Total debt
$922.2M
$417.7M
$309.3M
$530.2M
$504.1M

Recent SEC filings

Recent SEC filings
Form Description Filed Period
6-K Current report (foreign issuer) Aug 25, 2026 Aug 25, 2026
6-K Current report (foreign issuer) May 21, 2026 May 21, 2026
20-F Annual report (foreign issuer) Apr 16, 2026 Dec 31, 2025
6-K Current report (foreign issuer) Feb 26, 2026 Feb 26, 2026
6-K Current report (foreign issuer) Nov 20, 2025 Nov 20, 2025
6-K Current report (foreign issuer) Nov 12, 2025 Nov 12, 2025

Source: SEC EDGAR filings. This is company-reported data, not investment advice.