JD.com's Retail and Logistics Business Surges with Double-Digit Y/Y Growth, New Businesses Triple

JD.com reported double-digit YoY growth in its retail and logistics business, with new businesses tripling. The e-commerce giant's revenue rose 23.9% YoY to $122.6 bln in Q3, exceeding estimates. JD's core commerce business saw revenue growth of 23.7% YoY, while its new businesses, including healthcare and finance, recorded a three-fold increase.

JD.com Inc. (NASDAQ: JD) reported robust financial results for the third quarter of 2025, with a significant increase in revenue and strong performance across its retail and logistics divisions. The company's total revenue surged 23.9% year-over-year (YoY) to RMB356.7 billion (US$149.8 billion), surpassing market expectations. This growth was driven by a 23.7% YoY increase in revenue from JD Retail and a three-fold expansion in new businesses, including healthcare and finance.

JD Retail, the core commerce business, saw a 20.6% YoY increase in revenue to RMB310.1 billion (US$43.3 billion), with operating margin reaching 4.5%, a historic high across all promotion quarters. The company's new businesses, which include JD Food Delivery and JD Health, recorded a three-fold increase in revenue.

The company's logistics arm, JD Logistics, continued to expand its global footprint, opening new warehouses in multiple countries, including the United States, the United Kingdom, France, Poland, South Korea, Vietnam, and Saudi Arabia. As of June 30, 2025, JD Logistics has operated over 130 bonded warehouses, direct mail warehouses, and overseas warehouses in total, with a total managed area exceeding 1.3 million square meters.

JD.com's Chief Executive Officer, Sandy Xu, noted the company's strong performance, stating, "In the second quarter, we saw robust growth in user traffic, quarterly active customers, and user shopping frequency on JD’s platform, driven by sustained momentum across both our core JD Retail business and New Businesses including JD Food Delivery." Ian Su Shan, Chief Financial Officer, added, "Our total revenues recorded 22.4% year-on-year growth in the second quarter, a clear testament to the strength of our supply chain and our commitment to superior user experience."

The company's share repurchase program, announced in August 2024, has been active, with JD.com repurchasing approximately 80.7 million Class A ordinary shares (equivalent to 40.4 million ADSs) for approximately US$1.5 billion during the six months ended June 30, 2025.

JD.com's strong Q3 performance underscores its continued growth and expansion in the retail and logistics sectors, positioning the company as a leader in the e-commerce and supply chain markets.

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_PLXF63463:0-electrovaya-q3-revenue-up-67/
[2] https://www.globenewswire.com/news-release/2025/08/14/3133230/0/en/JD-com-Announces-Second-Quarter-and-Interim-2025-Results.html