# Vipshop Holdings Ltd: overview

VIPS · NYSE · CIK 1529192 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/vips.md) · [Financials](/companies/vips/financials.md) · [Filings](/companies/vips/filings.md) · [Insiders](/companies/vips/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

Not reported.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [18.4](/filings/0001193125-22-123600.md) | [15.0](/filings/0001193125-23-106425.md) | [15.9](/filings/0001193125-24-100774.md) | [14.9](/filings/0001193125-25-083419.md) | [15.1](/filings/0001104659-26-044015.md) |
| Gross margin | % | [19.7%](/filings/0001193125-22-123600.md) | [21.0%](/filings/0001193125-23-106425.md) | [22.8%](/filings/0001193125-24-100774.md) | [23.5%](/filings/0001193125-25-083419.md) | [23.1%](/filings/0001104659-26-044015.md) |
| Operating margin | % | [4.8%](/filings/0001193125-22-123600.md) | [6.0%](/filings/0001193125-23-106425.md) | [8.1%](/filings/0001193125-24-100774.md) | [8.5%](/filings/0001193125-25-083419.md) | [7.7%](/filings/0001104659-26-044015.md) |
| Net margin | % | [4.0%](/filings/0001193125-22-123600.md) | [6.1%](/filings/0001193125-23-106425.md) | [7.3%](/filings/0001193125-24-100774.md) | [7.2%](/filings/0001193125-25-083419.md) | [6.8%](/filings/0001104659-26-044015.md) |
| Diluted EPS | $ per share | [5.29](/filings/0001193125-22-123600.md) | [7.13](/filings/0001193125-23-106425.md) | [10.16](/filings/0001193125-24-100774.md) | [9.83](/filings/0001193125-25-083419.md) | [10.12](/filings/0001104659-26-044015.md) |
| Free cash flow | $bn | [0.6](/filings/0001193125-22-123600.md) | [1.2](/filings/0001193125-23-106425.md) | [1.7](/filings/0001193125-24-100774.md) | [0.9](/filings/0001193125-25-083419.md) | [0.8](/filings/0001104659-26-044015.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax; Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/vips/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [FIL Ltd](/funds/318989.md) | 2026-06-30 | $345.7m | 26,073,132 |  | Added +1,166,110 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $252.7m | 19,056,243 |  | Reduced −3,389,464 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $245.9m | 18,545,001 |  | Reduced −464,228 |
| [Robeco Institutional Asset Management B.V.](/funds/1418773.md) | 2026-06-30 | $181.3m | 13,674,611 |  | Added +1,169,547 |
| [Krane Funds Advisors LLC](/funds/1536592.md) | 2026-06-30 | $136.8m | 10,317,325 |  | Reduced −1,105,783 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $109.3m | 8,246,644 |  | Reduced −371,373 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $90.2m | 6,805,552 |  | Reduced −265,282 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $89.2m | 6,728,486 |  | Reduced −329,224 |
| [Carmignac Gestion](/funds/1569758.md) | 2026-06-30 | $65.2m | 4,920,324 |  | Not compared |
| [Ranmore Fund Management Ltd](/funds/2055400.md) | 2026-06-30 | $51.1m | 3,850,000 |  | New +3,850,000 |

## Recent filings

[All 293 filings](/companies/vips/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-25 | 10:08 ET | [6-K](/filings/0001104659-26-100484.md) | Report of a foreign private issuer, period 2026-08-25 | 0001104659-26-100484 |
| 2026-05-21 | 11:45 ET | [6-K](/filings/0001104659-26-064870.md) | Report of a foreign private issuer, period 2026-05-21 | 0001104659-26-064870 |
| 2026-04-16 | 10:45 ET | [20-F](/filings/0001104659-26-044015.md) | Annual report of a foreign private issuer, period 2025-12-31 | 0001104659-26-044015 |
| 2026-02-26 | 11:01 ET | [6-K](/filings/0001104659-26-019965.md) | Report of a foreign private issuer, period 2026-02-26 | 0001104659-26-019965 |
| 2025-11-20 | 13:27 ET | [6-K](/filings/0001193125-25-288927.md) | Report of a foreign private issuer, period 2025-11-20 | 0001193125-25-288927 |
| 2025-11-12 | 12:53 ET | [6-K](/filings/0001193125-25-275991.md) | Report of a foreign private issuer, period 2025-11-12 | 0001193125-25-275991 |
| 2025-08-14 | 10:06 ET | [6-K](/filings/0001193125-25-180286.md) | Report of a foreign private issuer, period 2025-08-14 | 0001193125-25-180286 |
| 2025-05-22 | 11:30 ET | [SCHEDULE 13D/A](/filings/0000950103-25-006329.md) | Ownership report, active investor, amended | 0000950103-25-006329 |
| 2025-05-20 | 10:57 ET | [6-K](/filings/0001193125-25-122807.md) | Report of a foreign private issuer, period 2025-05-20 | 0001193125-25-122807 |
| 2025-04-17 | 10:10 ET | [20-F](/filings/0001193125-25-083419.md) | Annual report of a foreign private issuer, period 2024-12-31 | 0001193125-25-083419 |

## Latest annual report

[Form 20-F for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-044015.md), filed Apr 16, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1529192
- Tickers: VIPS
- Exchange: NYSE
- SIC code: 5961 Retail-Catalog & Mail-Order Houses
- State of incorporation: not reported
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:42 ET. No prices; not investment advice.