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NYSE · Consumer Discretionary

Vipshop Holdings Ltd (VIPS)

As-reported financials and SEC filings for Vipshop Holdings Ltd. The latest annual period is FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Vipshop Holdings Ltd

Vipshop Holdings Ltd operates as an online discount retailer. It offers a range of products including womenswear, menswear, sportswear, skincare, cosmetics, shoes, bags, home goods, baby and children products, and supermarkets items. The company serves consumers primarily through its e-commerce platforms.

Snapshot

Revenue
$15.15B
Revenue growth (YoY)
2.0%
Net income
$1.04B
Diluted EPS
$10.12
Gross margin
23.1%
Operating margin
7.7%
Net margin
6.8%
FCF margin
5.2%
ROE
16.3%
net income / fiscal-year-end equity
P/E
4.2×
trailing when available, otherwise FY EPS
Market cap
$6.23B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Vipshop Holdings

  • Revenue grew 2.0% to $15.1B in FY2025, after a 6.6% decline the year before.
  • Operating margin is 7.7% in FY2025, +2.9 pp against 4.8% in FY2021.
  • Free cash flow was $782M in FY2025, 5.2% of revenue.
  • Net income fell 3.6% to $1.0B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Vipshop Holdings’s fundamentals sit among the 403 Consumer Discretionary companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin23.1%
28th percentile of 275
Operating margin7.7%
67th percentile of 348
Net margin6.8%
71st percentile of 377
FCF margin5.2%
58th percentile of 351
Revenue growth (YoY)+2.0%
42nd percentile of 394
ROE16.3%
70th percentile of 343
P/E4.2×
5th percentile of 249
Short interest3.54d
45th percentile of 401

Vipshop Holdings’s P/E of 4.2 ranks in the 5th percentile of the 249 peers with a meaningful P/E.

No reported insider purchases (code P) in the last 90 days; 4 insider sales totaling $388,017. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+5 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
1
1 trimmed, 0 exited
Combined position
$93.0M
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ2 2026$39.2M3.0MAdded
Two Sigma InvestmentsquantQ2 2026$26.3M2.0MAdded
Citadel AdvisorsquantQ2 2026$18.1M1.4MAdded
Millennium ManagementquantQ2 2026$3.5M266.6KAdded
Point72 Asset ManagementquantQ2 2026$3.4M254.0KReduced
Dodge & CoxQ2 2026$2.5M190.8KHeld

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
4
$388K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-07
filed 2026-07-09
Li TianminChief Technology OfficerSell2.5K$67.45$170K
2026-07-07
filed 2026-07-09
Liu ChunDirectorSell174$67.31$12K
2026-06-09
filed 2026-06-11
Wang YuhuaChief Financial OfficerSell2.6K$69.12$179K
2026-06-09
filed 2026-06-11
Yang DonghaoDirectorSell397$69.30$28K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
6.9M
settled 2026-08-14
Change vs prior
+13.6%
vs previous settlement
Days to cover
3.54
at avg daily volume
Avg daily volume
1.9M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-146.9M+13.6%3.54
2026-07-316.1M+16.9%3.53
2026-07-155.2M-2.5%2.14
2026-06-305.3M-6.2%1.95
2026-06-155.7M-18.4%2.19
2026-05-297.0M+24.5%1.91
2026-05-155.6M+13.3%2.61
2026-04-304.9M+12.0%3.09

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$15.15B$14.85B$15.90B$14.96B$18.37B
Gross profit$3.50B$3.49B$3.62B$3.13B$3.63B
Operating income$1.16B$1.26B$1.28B$898.5M$876.0M
Net income$1.04B$1.07B$1.16B$915.1M$736.4M
Diluted EPS$10.12$9.83$10.16$7.13$5.29

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$3.29B$3.61B$3.58B$3.18B$2.56B
Current assets$5.66B$5.18B$5.29B$4.89B$5.15B
Total assets$11.27B$10.27B$10.19B$9.49B$9.77B
Current liabilities$4.42B$4.10B$4.31B$4.14B$4.04B
Long-term debt
Total liabilities$4.92B$4.57B$4.76B$4.55B$4.47B
Total equity$6.36B$5.69B$5.43B$4.94B$5.31B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$1.07B$1.25B$2.03B$1.53B$1.06B
Capital expenditure$284.0M$373.1M$305.2M$352.4M$428.8M
Free cash flow$782.0M$877.6M$1.73B$1.17B$629.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Company facts

ExchangeNYSE
SectorConsumer Discretionary
SIC industryRetail-Catalog & Mail-Order Houses
Latest annual periodFY2025 (ended December 31, 2025)
Oldest indexed filing2012
SEC CIK1529192

Selected SEC filings

20-F2026-04-16
View on EDGAR →
20-F2025-04-17
View on EDGAR →
6-K2026-08-25
View on EDGAR →
6-K2026-05-21
View on EDGAR →
6-K2026-02-26
View on EDGAR →
6-K2025-11-20
View on EDGAR →

Largest Consumer Discretionary peers

All Consumer Discretionary companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.