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JD.com Beats Q3 Estimates as Retail Division Delivers Double-Digit Growth

JD.com Inc. (NASDAQ: JD) posted third-quarter earnings and revenue that exceeded expectations, as its core retail business delivered steady double-digit growth and margin improvement.

The company reported earnings per share of RMB3.73, well ahead of the consensus estimate of RMB2.65. Quarterly revenue rose 14.9% year over year to RMB299.1 billion, topping analysts’ forecasts of RMB294.54 billion.

JD Retail, the company’s largest segment, generated revenue of RMB250.6 billion, up 11.4% from the same period in 2024. Segment operating income increased to RMB14.8 billion from RMB11.6 billion a year earlier, supported by stronger marketplace activity and disciplined cost management. Operating margin widened to 5.9% from 5.2% in the prior year.

Published on: November 13, 2025