Vipshop Holdings Limited

VIPS

$13.08

+0.46%

2026-09-03 16:00:03 EDT+$0.06

Consumer Cyclical

Specialty Retail

NYSE

Active Trading

Vipshop Holdings Limited (VIPS) functions as a leading online retail enterprise within the People's Republic of China. The company operates a collection ...

Price Action of VIPS

$13.08

+0.46%+$0.06

High—

Low—

52W High-35.4%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

Vipshop Holdings Limited (NYSE: VIPS) is a leading specialty retail e-commerce company in the People’s Republic of China, built around a branded-offer, discount-led shopping experience. The company operates primarily through its online platforms—most notably Vip.com and Shan Shan Outlets (including its off-price/discount channel concept)—and delivers a wide range of consumer ...Vipshop Holdings Limited (NYSE: VIPS) is a leading specialty retail e-commerce company in the People’s Republic of China, built around a branded-offer, discount-led shopping experience. The company operates primarily through its online platforms—most notably Vip.com and Shan Shan Outlets (including its off-price/discount channel concept)—and delivers a wide range of consumer products to shoppers across numerous categories. Products span apparel (women’s, men’s, and children’s clothing, including casual and formal styles), beauty and personal care items (e.g., skincare and cosmetics), footwear and bags, as well as household goods such as furniture, decor, kitchenware, appliances, and other consumer necessities. It also sells consumer electronics, sporting goods, groceries (food, beverages, and fresh produce), and pet-related supplies, reflecting a broad assortment strategy rather than a single-category focus. From a business-model perspective, Vipshop’s differentiation comes from how it curates and sources branded merchandise and then monetizes it through an online retail infrastructure designed for high-frequency demand and rapid inventory turnover. The company’s operating platform is supported by procurement, R&D, technology infrastructure, software development, IT solutions, warehousing, and logistics management—capabilities that are central to handling large assortments, demand forecasting, inbound supply coordination, and outbound order fulfillment. This “digital retail + supply chain execution” approach can influence costs in several ways: procurement and inventory management affect gross margin and working capital; logistics and warehousing drive fulfillment costs and delivery speed; and technology/IT spending underpins scalability and customer experience. In addition to commerce, Vipshop provides internet finance offerings that can complement its retail ecosystem. These services include consumer and supplier financing and microcredit, which can support both customers (e.g., payment flexibility) and brand partners/suppliers (e.g., financing support tied to commerce activity). Such services can also create additional revenue streams beyond product sales, while potentially improving ecosystem retention. Financially, the company is scaled to a large workforce (about 15,145 employees as of the provided period) and has publicly reported operating metrics consistent with an online retailer and off-price distribution model. Key people include Eric Ya Shen, a co-founder who has served as Chairman of the Board and CEO since the company’s inception. With a founded date of August 2008 and later public trading on the NYSE under the ticker VIPS, Vipshop has built a sizable customer base and brand-partner network by using discount pricing and broad category coverage. Overall, Vipshop’s “high-quality branded assortment at attractive discounts” strategy is executed via its e-commerce platforms and a robust logistics and technology stack, with internet finance acting as an additional ecosystem capability.ExpandCollapse

Founded

2008

Employees

15145

CEO

Ya Shen

Full Name

Vipshop Holdings Limited

Sector

Consumer Cyclical

Industry

Specialty Retail

ROE

24.62%

Market Cap

$6.44B

Current Ratio

1.28

WACC

7.11%

ROIC

37.52%

Contact Information

https://www.vip.com

86 20 2233 0025

128 Dingxin Road, Guangzhou, GD 510220

Key Metrics of VIPS

Snapshot

Latest / TTM · 6 periods

Market Cap

$6.44B

ROCE

15.5%

EV / EBITDA

1.61x

-1.5% YoY

FCF Yield

0.0%

+0.0% YoY

Cash Conversion Cycle

-6.5d

Current Ratio

1.28

Quick take

TTM —

No major risk flags in selected headline metrics.

Financial Highlights of VIPS

Profitability trend

Latest / TTM · 6 periods

Gross Margin

23.5%

Net Margin

9.8%

P/E Ratio

4.14x

n/a

Debt / Equity

0.26

n/a

Current Ratio

1.28

Dividend Yield

4.7%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of VIPS

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $2.71 · Revenue $20.73B · 4 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $5.28 · Revenue $31.95B · 3 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $13.41 · Revenue $104.48B · 9 analysts
Mar 30, 2027
Q1 FY2027 · Estimated results
Est. EPS $5.07 · Revenue $24.78B · 1 analysts

Recent history

Jun 30, 2026
Q2 FY2026 · Results reported
EPS ¥8.82 · Revenue ¥24.81B
Apr 24, 2026
Dividend payment
$0.00 per share
Apr 10, 2026
Ex-dividend date
$0.00 per share
Mar 31, 2026
Q1 FY2026 · Results reported
EPS ¥4.47 · Revenue ¥26.41B
Dec 31, 2025
FY2025 · Annual results
EPS ¥14.15 · Revenue ¥105.92B
Sep 30, 2025
Q3 FY2025 · Results reported
EPS ¥2.42 · Revenue ¥21.37B

Financial Statements of VIPS

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$105.9B	-2.3%	-6.1%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$7.2B	-6.4%	+96.4%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+23.1%	-1.6%	-3.4%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+7.7%	-9.2%	-30.1%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+6.8%	-4.2%	+109.1%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$0	-100.0%	—
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	0.0%	-100.0%	—
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	15.7%	+93.3%	+48.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	1.28x	+1.5%	+1.5%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$78.8B	+5.2%	+7.8%

Actual vs Estimate

A Dec 31Q Jun 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	14.15 vs 16.91	-16.3%	8.82 vs 3.91	+125.3%
Revenue Surprise	$105.9B vs $106.9B	-0.9%	$24.8B vs $24.7B	+0.5%

Insider Transactions of VIPS

Acquisitions (A)

Since Mar 18, 2026

Disposals (D)

Since Mar 18, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Jul 7, 2026	Li Tianmin	officer: Chief Technology Officer	Class A ordinary shares	D	2,518	$67.45
Jul 7, 2026	Liu Chun	director	Class A ordinary shares	D	174	$67.31
Jun 9, 2026	Yang Donghao	director	Class A ordinary shares	D	397	$69.30
Jun 9, 2026	Wang Yuhua	officer: Chief Financial Officer	Class A ordinary shares	D	2,589	$69.12
Apr 8, 2026	Liu Chun	director	Class A ordinary shares	D	145	$77.88

Earnings Call Transcript of VIPS

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Ladies and gentlemen, good day, everyone, and welcome to Vipshop Holdings Limited's Second Quarter 2026 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Ms. Jessie Zheng, Vipshop's Head of Investor Relations. Please proceed. Jessie Fan: Thank you, operator. Hello, everyone, and thank you for joining Vipshop's Second Quarter 2026 Earnings Conference Call. With us today are Eric Shen, our Co-Founder, Chairman and CEO, and Mark Wang, our CFO. Before management begins their prepared remarks, I would like to remind you that the discussion today will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our current expectations. Potential risks and uncertainties include but are not limited to those outlined in our safe harbor statement in our earnings release and public filings with the Securities and Exchange Commission, which also applies to this call to the extent any forward-looking statements may be made. Please note that certain financial measures used on this call, such as non-GAAP operating income, non-GAAP net income attributable to Vipshop's shareholders and non-GAAP net income per ADS are not presented in accordance with U.S. GAAP, please refer to our earnings release for details relating to the reconciliation of our non-GAAP measures to GAAP measures. With that, I would now like to turn the call over to Mr. Eric Shen. Eric Shen: Good morning and good evening, everyone. Welcome, and thank you for joining our second quarter 2026 earnings conference call. The second quarter presents a challenging retail environment defined by a customer who is not just value conscious, but highly selective across the [ multi midyear ] promotional landscape. Shoppers will intensely focus on clear utility and real value, prioritize essentials, meeting great cautions in discretionary categories like apparel, weighing on our near-term top line performance in this climate rather than chasing unprofitable value growth, we stayed true to our core value proposition, delivering a highly curated selection of high demand, deeply discounted brand products to our loyal customer base. While overall traffic was muted, our SVIP cohort served as a resilient anchor for our business. During the quarter, active SVIP grew by 8% year-over-year, driving 54% of our online spending, showing that as customers' budgets tightened, high-intent shoppers prioritized platform, offering trust, value, quality and service. At a strategic level, our 1P model gives us a differentiated edge by leveraging deep category expertise, we built greater trust with brand partners to the point where they actively adjust their merchandise allocation for our platform. For instance, closer collaborations with key partners in fashion apparel has helped buffer …

Leadership Team of VIPS

5 executives

Name	Title	Gender	Year Born	Status
Xiaobo Hong	Co-Founder, Vice Chairman & Chief Operating Officer	Male	1972	Active
Ya Shen	Co-Founder, Chairman & Chief Executive Officer	Male	1971	Active
Mark Wang	Chief Financial Officer	Male	1985	Active
Tianmin Li	Chief Technology Officer	Male	1978	Active
Jessie Zheng	Head of Investor Relations	Female	—	Active

Recent News of VIPS

Zacks Investment Research8/28/2026Neutral

Zacks Industry Outlook GoDaddy, Vipshop, MakeMyTrip and QuinStreet

GoDaddy, Vipshop, MakeMyTrip and QuinStreet have been highlighted in this Industry Outlook article.

Seeking Alpha8/27/2026Neutral

Vipshop: Soft Top-Line Vs. Robust Yield; Staying Neutral On Cautious Consumer Backdrop

Vipshop is rated HOLD, reflecting a balanced risk-reward amid macro headwinds and attractive valuation. VIPS trades at a low 5.4x forward earnings multiple, with stable margins and robust net cash supporting a 14% shareholder yield. Revenue growth remains challenged by soft consumer sentiment and fierce competition from peers like Alibaba, JD, and PDD.

Zacks Investment Research8/27/2026Neutral

4 Internet Delivery Services Stocks in Focus From a Flourishing Industry

The Zacks Internet - Delivery Services industry participants like GDDY, VIPS, MMYT and QNST are likely to benefit from increasing smartphone and Internet penetration.

Seeking Alpha8/25/2026Neutral

Vipshop Holdings Limited (VIPS) Q2 2026 Earnings Call Transcript

MarketBeat8/25/2026Neutral

Vipshop Q2 Earnings Call Highlights

Vipshop NYSE: VIPS reported lower second-quarter revenue and operating profit as management cited a challenging retail environment in which consumers remained highly selective and focused on value. The company said it is prioritizing profitability, curated merchandise and customer retention rather than pursuing unprofitable growth.

Historical Employee Count of VIPS

Current

15,145

Change

+1.20%

Minimum

6,815

Maximum

15,145

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	15,145	20-F	Apr 16, 2026	View
Dec 31, 2024	14,966	20-F	Apr 17, 2025	View
Dec 31, 2023	14,638	20-F	Apr 18, 2024	View
Dec 31, 2022	6,815	20-F	Apr 19, 2023	View
Dec 31, 2021	8,013	20-F	Apr 27, 2022	View

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Vipshop Holdings Limited