JD.com’s Financial Results for the Year Ended December 31, 2024: A New Milestone in E-commerce
Beijing, March 6, 2025 – JD.com, a pioneering technology and service provider in the supply chain sector, recently unveiled its unaudited financial results for the third quarter and the full year that ended on December 31, 2024. The company reported impressive growth in key performance indicators, showcasing its resilience and innovation in the ever-evolving e-commerce landscape.
Financial Highlights
For the full year 2024, JD.com recorded total revenues of RMB691.3 billion ($105.3 billion), representing a 19.6% year-over-year increase. Gross merchandise volume (GMV) grew by 23.1% year-over-year to RMB1.7 trillion ($256.5 billion), while net revenues amounted to RMB193.1 billion ($29.3 billion), representing a 23.5% year-over-year increase. The net income attributable to JD.com was RMB10.3 billion ($1.5 billion), marking a 25.5% year-over-year increase.
Strong Growth in Key Business Segments
JD.com’s core retail business continued to thrive, with retail sales growing by 19.8% year-over-year to RMB617.5 billion ($92.9 billion). The company’s logistics segment also posted robust growth, with revenues increasing by 31.4% year-over-year to RMB34.2 billion ($5.2 billion). JD’s JV business, which includes its partnerships with Walmart and Tencent, reported revenues of RMB49.6 billion ($7.4 billion), representing a 27.5% year-over-year increase.
Dividend Announcement
In addition to its financial results, JD.com also announced an annual cash dividend of RMB0.5 per share for the year ended December 31, 2024. This dividend represents a payout ratio of approximately 15% based on net income attributable to JD.com for the full year 2024.
Impact on Consumers
JD.com’s strong financial performance is expected to bring several benefits to consumers. The company’s continued investment in technology and logistics infrastructure will lead to faster delivery times, more convenient shopping experiences, and a wider selection of products. Additionally, the dividend announcement is a positive sign for shareholders, indicating the company’s financial strength and commitment to returning value to its investors.
Impact on the World
JD.com’s impressive financial results are a testament to the growing importance of e-commerce in the global economy. The company’s success in China, the world’s largest e-commerce market, is a strong indicator of the sector’s potential for growth in other markets as well. Furthermore, JD.com’s focus on technology and logistics innovation is paving the way for a more efficient and convenient shopping experience for consumers around the world.
Conclusion
JD.com’s financial results for the year ended December 31, 2024, demonstrate the company’s ability to adapt and thrive in a rapidly changing e-commerce landscape. Its strong growth in key business segments, robust financial performance, and commitment to returning value to shareholders are all positive signs for the future. As consumers increasingly turn to e-commerce for convenience and accessibility, JD.com’s focus on technology and logistics innovation is poised to make a significant impact on the world.
- JD.com reported impressive financial results for the full year 2024, with total revenues of RMB691.3 billion ($105.3 billion), a 19.6% year-over-year increase.
- The company’s gross merchandise volume grew by 23.1% year-over-year to RMB1.7 trillion ($256.5 billion).
- Net revenues amounted to RMB193.1 billion ($29.3 billion), representing a 23.5% year-over-year increase.
- JD.com announced an annual cash dividend of RMB0.5 per share for the year ended December 31, 2024.
- The company’s core retail business, logistics segment, and JV business all reported strong growth.
- JD.com’s financial performance is expected to bring benefits to consumers in the form of faster delivery times, a wider selection of products, and a convenient shopping experience.
- The company’s success in China is a strong indicator of the potential for growth in the e-commerce sector around the world.
