VIPS FY 2024 Earnings Report — Vipshop Holdings Limited Revenue & Financial Results | Market Cap Arena

Vipshop Holdings LimitedVIPS

FY 2024 Earnings

Reported April 17, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$15.8B	—	—	—	—
Op. Income	$1.3B	—	—	—	—
Gross Margin	23.5%	—	—	—	—
Net Margin	7.1%	—	—	—	—
EPS (Diluted)	$2.10	—	—	—	—
Free Cash Flow	$813M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$15.8B
Cost of Revenue	$12.1B
GROSS PROFIT	$3.7B
R&D Expenses	$277M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.2B
Other Expenses	-$134M
Operating Expenses	$2.4B
Cost & Expenses	$14.5B
OPERATING INCOME	$1.3B
Interest Income	$118M
Interest Expense	$8M
Other Income/Expenses	$143M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$338M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$208M
EBIT	$1.3B
EBITDA	$1.5B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$15.8B
Cost of Revenue	$12.1B
GROSS PROFIT	$3.7B
R&D Expenses	$277M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.2B
Other Expenses	-$134M
Operating Expenses	$2.4B
Cost & Expenses	$14.5B
OPERATING INCOME	$1.3B
Interest Income	$118M
Interest Expense	$8M
Other Income/Expenses	$143M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$338M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$208M
EBIT	$1.3B
EBITDA	$1.5B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$247M
Stock-Based Compensation	$225M
Deferred Income Tax	$14M
Other Non-Cash Items	-$38M
Change in Working Capital	-$245M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$521M
Acquisitions (Net)	-$91M
Purchases of Investments	-$655M
Sales/Maturities of Investments	$675M
Other Investing Activities	-$52M
NET CASH FROM INVESTING	-$521M
Net Debt Issuance	$142M
Common Stock Repurchased	-$565M
Common Dividends Paid	-$246M
Other Financing Activities	-$57M
NET CASH FROM FINANCING	-$726M
FREE CASH FLOW	$813M
Net Change in Cash	$96M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.9B
Short-Term Investments	$274M
Net Receivables	$461M
Inventory	$735M
Other Current Assets	$88M
TOTAL CURRENT ASSETS	$5.5B
PP&E (Net)	$2.8B
Goodwill	$110M
Intangible Assets	$1.6B
Long-Term Investments	$783M
Tax Assets	$100M
Other Non-Current Assets	$63M
TOTAL NON-CURRENT ASSETS	$5.4B
TOTAL ASSETS	$10.9B
Account Payables	$2.2B
Short-Term Debt	$381M
Deferred Revenue	$367M
Other Current Liabilities	$368M
TOTAL CURRENT LIABILITIES	$4.4B
Long-Term Debt	$0
Deferred Revenue NC	$305M
Deferred Tax Liabilities	$115M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$506M
TOTAL LIABILITIES	$4.9B
Common Stock	$11.0K
Additional Paid-In Capital	$718M
Retained Earnings	$6.3B
Treasury Stock	-$1.0B
Accum. Other Comp. Income	-$118M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.8B
Minority Interest	$231M
TOTAL EQUITY	$6.1B
TOTAL LIABILITIES & EQUITY	$10.9B
Total Debt	$476M
Net Debt	-$3.4B