Consolidated Statements of Operations and Comprehensive Income ¥ in Millions, $ in Millions |
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 | ¥ 1,309,085 | $ 187,197 | ¥ 1,158,819 | ¥ 1,084,662 |
| Cost of revenues | (1,099,057) | (157,163) | (974,951) | (924,958) |
| Fulfillment | (88,176) | (12,609) | (70,426) | (64,558) |
| Marketing | (83,953) | (12,005) | (47,953) | (40,133) |
| Research and development | (22,229) | (3,179) | (17,031) | (16,393) |
| General and administrative | (11,980) | (1,713) | (8,888) | (9,710) |
| Impairment of goodwill | (1,303) | (186) | (799) | (3,143) |
| Impairment of long-lived assets | 0 | 0 | (1,562) | (2,025) |
| Gain on sale of development properties | 387 | 55 | 1,527 | 2,283 |
| Income from operations | 2,774 | 397 | 38,736 | 26,025 |
| Other income/(expense) | ||||
| Share of results of equity investees | 8,025 | 1,147 | 2,327 | 1,010 |
| Interest expense | (2,803) | (401) | (2,896) | (2,881) |
| Others, net | 17,327 | 2,478 | 13,371 | 7,496 |
| Income before tax | 25,323 | 3,621 | 51,538 | 31,650 |
| Income tax expenses | (2,181) | (312) | (6,878) | (8,393) |
| Net income | 23,142 | 3,309 | 44,660 | 23,257 |
| Net (loss)/income attributable to non-controlling interests shareholders | 3,511 | 502 | 3,301 | (910) |
| Net income attributable to the Company's ordinary shareholders | 19,631 | 2,807 | 41,359 | 24,167 |
| Net income | 23,142 | 3,309 | 44,660 | 23,257 |
| Other comprehensive income/(loss): | ||||
| Foreign currency translation adjustments | (3,308) | (473) | 1,020 | 1,374 |
| Total comprehensive income | 19,834 | 2,836 | 45,680 | 24,631 |
| Total comprehensive (loss)/income attributable to non-controlling interests shareholders | 2,799 | 400 | 3,803 | (1,398) |
| Total comprehensive income attributable to the Company's ordinary shareholders | ¥ 17,035 | $ 2,436 | ¥ 41,877 | ¥ 26,029 |
| Basic | ||||
| Basic | (per share) | ¥ 6.89 | $ 0.99 | ¥ 13.83 | ¥ 7.69 |
| Diluted | ||||
| Diluted | (per share) | ¥ 6.45 | $ 0.92 | ¥ 13.43 | ¥ 7.61 |
| Weighted average number of shares | ||||
| Basic | 2,847,199,686 | 2,847,199,686 | 2,989,701,855 | 3,144,233,160 |
| Diluted | 2,978,037,127 | 2,978,037,127 | 3,076,061,616 | 3,170,542,396 |
| ADS | ||||
| Basic | ||||
| Basic | (per share) | ¥ 13.79 | $ 1.97 | ¥ 27.67 | ¥ 15.37 |
| Diluted | ||||
| Diluted | (per share) | ¥ 12.9 | $ 1.84 | ¥ 26.86 | ¥ 15.23 |
| Products | ||||
| Net revenues | ||||
| Total net revenues | ¥ 1,023,802 | $ 146,402 | ¥ 928,007 | ¥ 871,224 |
| Service | ||||
| Net revenues | ||||
| Total net revenues | ¥ 285,283 | $ 40,795 | ¥ 230,812 | ¥ 213,438 |
| X | ||||||||||
- Definition Amount of comprehensive income (loss) attributable to nonredeemable noncontrolling interest. No definition available.
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- Definition Earnings per ADS diluted. No definition available.
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- Definition The amount of net income (loss) for the period per each ADS outstanding during the reporting period. No definition available.
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- Definition The amount of net income (loss) for the period available to each ADS outstanding during the reporting period and to each ADS that would have been outstanding assuming the issuance of ADS for all dilutive potential ADS outstanding during the reporting period. No definition available.
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- Definition The amount of net income (loss) for the period per each ADS outstanding during the reporting period. No definition available.
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- Definition Fulfillment costs represent packaging material costs and those costs incurred in outbound shipping, operating and staffing the Group's fulfillment and customer service centers, including costs attributable to buying, receiving, inspecting and warehousing inventories; picking, packaging and preparing customer orders for shipment; processing payment and related transaction costs and responding to inquiries from customers. Fulfillment costs also contain third party transaction fees, such as credit card processing and debit card processing fees. No definition available.
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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 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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| X | ||||||||||
- 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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- References No definition available.
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| X | ||||||||||
- 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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- References No definition available.
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| X | ||||||||||
- Definition The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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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 Amount of impairment loss from asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. 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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| X | ||||||||||
- 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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- 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 Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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| X | ||||||||||
- 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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- 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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| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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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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| X | ||||||||||
- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- 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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- 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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- References No definition available.
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| X | ||||||||||
- 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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