SAN FRANCISCO — JD.com reported second-quarter 2026 net revenues of RMB346.4 billion, a 2.9 percent decrease from the prior year, beating the consensus estimate of RMB342.7 billion. The company posted operating income of RMB4.5 billion, a swing from a RMB0.9 billion loss in the same period last year. Net income attributable to ordinary shareholders rose to RMB7.1 billion, topping the $964 million consensus estimate.
JD.com shares fell 2.81 percent following the announcement, closing at $30.72 on volume 15.8 times the average daily rate.
The revenue decline reflected a high comparison base from 2025. Net product revenues fell 5.4 percent year over year, while net service revenues rose 6.8 percent. The operating margin for the quarter was 1.3 percent. Non-GAAP operating income reached RMB5.5 billion, a 1.6 percent non-GAAP margin. JD Retail, the core business segment, held a 4.6 percent operating margin.
Chief Executive Officer Sandy Xu said the second quarter reflected strong bottom-line growth and a clear inflection in the company's profit trajectory, driven by solid profitability in JD Retail and reduced losses at JD Food Delivery.
JD.com repurchased U.S.$1.0 billion of shares in the first half of 2026, representing approximately 2.5 percent of its year-end 2025 share count. An additional U.S.$1.0 billion remains authorized under its repurchase program through August 2027.
The company ended June 30, 2026, with RMB235.1 billion in cash and investments.
