CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME ¥ in Thousands, $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
|
Dec. 31, 2025
CNY (¥)
¥ / shares
shares
|
Dec. 31, 2025
USD ($)
$ / shares
shares
|
Dec. 31, 2024
CNY (¥)
¥ / shares
shares
|
Dec. 31, 2023
CNY (¥)
¥ / shares
shares
|
|
| Net revenues: | ||||
| Total net revenues | ¥ 105,919,546 | $ 15,146,294 | ¥ 108,420,832 | ¥ 112,856,020 |
| Cost of revenues | (81,429,230) | (11,644,225) | (82,951,178) | (87,135,128) |
| Gross profit | 24,490,316 | 3,502,069 | 25,469,654 | 25,720,892 |
| Operating expenses: | ||||
| Fulfillment expenses (Including shipping and handling expenses of RMB5,837,096, RMB5,822,405 and RMB5,822,804 for the years ended December 31, 2023, 2024 and 2025, respectively) | (8,291,670) | (1,185,693) | (8,346,864) | (8,262,004) |
| Marketing expenses | (2,988,995) | (427,421) | (2,979,654) | (3,242,215) |
| Technology and content expenses | (1,755,123) | (250,979) | (1,892,434) | (1,767,530) |
| General and administrative expenses | (4,374,425) | (625,534) | (3,992,657) | (4,146,568) |
| Total operating expenses | (17,410,213) | (2,489,627) | (17,211,609) | (17,418,317) |
| Other operating income | 1,055,843 | 150,984 | 915,208 | 801,560 |
| Income from operations | 8,135,946 | 1,163,426 | 9,173,253 | 9,104,135 |
| Impairment loss of investments | (15,450) | (2,209) | (61,246) | (19,105) |
| Interest expenses | (90,037) | (12,875) | (57,676) | (22,932) |
| Interest income | 801,587 | 114,625 | 809,792 | 780,292 |
| Exchange gain (loss) | (62,086) | (8,878) | (24,813) | 162,666 |
| Investment (loss) gain and revaluation of investments | 144,723 | 20,695 | 148,170 | (18,054) |
| Income before income taxes and share of income of equity method investees | 8,914,683 | 1,274,784 | 9,987,480 | 9,987,002 |
| Income tax expense | (1,798,963) | (257,248) | (2,315,515) | (1,866,004) |
| Share of income of equity method investees, net of tax of nil | 293,919 | 42,030 | 166,980 | 80,301 |
| Net income | 7,409,639 | 1,059,566 | 7,838,945 | 8,201,299 |
| Net income attributable to non-controlling interests | (167,149) | (23,902) | (99,010) | (84,675) |
| Net income attributable to Vipshop Holdings Limited's shareholders | ¥ 7,242,490 | $ 1,035,664 | ¥ 7,739,935 | ¥ 8,116,624 |
| Weighted average number of Class A and Class B ordinary shares for computing earnings per Class A and Class B ordinary share: | ||||
| -Basic (in shares) | 100,072,178 | 100,072,178 | 106,074,914 | 110,695,778 |
| -Diluted (in shares) | 102,383,890 | 102,383,890 | 107,855,806 | 112,552,398 |
| Net earnings per Class A and Class B ordinary share | ||||
| -Basic (in dollars per share) | (per share) | ¥ 72.37 | $ 10.35 | ¥ 72.97 | ¥ 73.32 |
| -Diluted (in dollars per share) | (per share) | ¥ 70.74 | $ 10.12 | ¥ 71.76 | ¥ 72.11 |
| Net income | ¥ 7,409,639 | $ 1,059,566 | ¥ 7,838,945 | ¥ 8,201,299 |
| Other comprehensive income (loss): | ||||
| Share of equity adjustments for other comprehensive income (loss) of an equity method investee | (52,510) | (7,509) | (148,886) | 23,124 |
| Foreign currency translation, net of tax of nil | 35,578 | 5,088 | 37,081 | (11,085) |
| Comprehensive income | 7,392,707 | 1,057,145 | 7,727,140 | 8,213,338 |
| Less: Comprehensive income attributable to non-controlling interests | 167,149 | 23,902 | 99,010 | 84,675 |
| Comprehensive income attributable to Vipshop Holdings Limited's shareholders | 7,225,558 | 1,033,243 | 7,628,130 | 8,128,663 |
| Product revenues | ||||
| Net revenues: | ||||
| Total net revenues | 97,398,826 | 13,927,847 | 100,734,550 | 105,613,485 |
| Other revenues | ||||
| Net revenues: | ||||
| Total net revenues | ¥ 8,520,720 | $ 1,218,447 | ¥ 7,686,282 | ¥ 7,242,535 |
| X | ||||||||||
- Definition The amount of expense in the period for communications and data processing expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of unrealized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Expenditures for planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services. Costs of public relations and corporate promotions are typically considered to be marketing costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after tax, of other comprehensive income (loss) (OCI) for proportionate share of equity method investee's OCI. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Earning Per Share Basic And Diluted [Abstract] No definition available.
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- Definition Represents the amount of fulfillment expenses incurred during the period, such expenses also includes shipping and handling. No definition available.
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- Definition Impairment loss of investments. No definition available.
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- Details
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- Details
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