JD Q2 2024 Earnings Report — JD.com, Inc. Revenue & Financial Results | Market Cap Arena

Q2 2024 Earnings

Reported August 15, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2024	Q1 2024	Q2 2023	QoQ Change	YoY Change
Revenue	$42.6B	—	$42.1B	—	1.2%
Op. Income	$1.5B	—	$1.2B	—	27.0%
Gross Margin	15.8%	—	8.6%	—	7.2pp
Net Margin	4.3%	—	2.3%	—	2.1pp
EPS (Diluted)	$1.20	—	$0.61	—	97.1%
Free Cash Flow	$6.9B	—	$6.3B	—	10.5%

Revenue Flow

Item	Amount
REVENUE	$42.6B
Cost of Revenue	$35.9B
GROSS PROFIT	$6.7B
R&D Expenses	$616M
Selling & Marketing	$1.7B
General & Administrative	$312M
SG&A Expenses	$2.0B
Other Expenses	$2.5B
Operating Expenses	$5.2B
Cost & Expenses	$41.0B
OPERATING INCOME	$1.5B
Interest Income	$0
Interest Expense	$101M
Other Income/Expenses	$747M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$295M
Net Income from Continuing Ops	$2.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$283M
EBIT	$2.4B
EBITDA	$2.7B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$42.6B
Cost of Revenue	$35.9B
GROSS PROFIT	$6.7B
R&D Expenses	$616M
Selling & Marketing	$1.7B
General & Administrative	$312M
SG&A Expenses	$2.0B
Other Expenses	$2.5B
Operating Expenses	$5.2B
Cost & Expenses	$41.0B
OPERATING INCOME	$1.5B
Interest Income	$0
Interest Expense	$101M
Other Income/Expenses	$747M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$295M
Net Income from Continuing Ops	$2.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$283M
EBIT	$2.4B
EBITDA	$2.7B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.8B
Depreciation & Amortization	$283M
Stock-Based Compensation	$97M
Deferred Income Tax	$0
Other Non-Cash Items	$5.2B
Change in Working Capital	$0
OPERATING CASH FLOW	$7.4B
Capital Expenditure	-$485M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$5.1B
NET CASH FROM INVESTING	-$5.6B
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$1.3B
NET CASH FROM FINANCING	-$1.3B
FREE CASH FLOW	$6.9B
Net Change in Cash	$457M

Balance Sheet

Item	Amount
Cash & Equivalents	$12.3B
Short-Term Investments	$17.2B
Net Receivables	$3.7B
Inventory	$10.3B
Other Current Assets	$3.3B
TOTAL CURRENT ASSETS	$47.1B
PP&E (Net)	$15.6B
Goodwill	$3.2B
Intangible Assets	$6.6B
Long-Term Investments	$20.7B
Tax Assets	$233M
Other Non-Current Assets	$1.7B
TOTAL NON-CURRENT ASSETS	$48.1B
TOTAL ASSETS	$95.2B
Account Payables	$26.6B
Short-Term Debt	$818M
Deferred Revenue	$5.1B
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$40.9B
Long-Term Debt	$8.3B
Deferred Revenue NC	$103M
Deferred Tax Liabilities	$1.3B
Other Non-Current Liabilities	$132M
TOTAL NON-CURRENT LIABILITIES	$12.2B
TOTAL LIABILITIES	$53.1B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$32.3B
TOTAL STOCKHOLDERS' EQUITY	$32.3B
Minority Interest	$9.8B
TOTAL EQUITY	$42.1B
TOTAL LIABILITIES & EQUITY	$95.2B
Total Debt	$12.6B
Net Debt	$248M