# Vipshop Holdings Limited share price today (Vipshop Holdings Limited, VIPS)

> Vipshop Holdings Limited's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. VIPS · Consumer Discretionary · Internet Retail · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/vips

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## Key numbers

- Business trend: Turning around, from fewer quarters than usual
- Price: $13.04 (−25.4% in a year)
- P/E: 4.3×, against its own history
- Revenue (Jun 2026): CNY 24.7 B (−4.3% on a year ago)
- Profit (Jun 2026): CNY 4.3 B (+189.1% on a year ago)
- Operating margin: 6.2% (−0.4 points on a year ago)
- ROE: 16%, FY25
- ROIC: 22.8%, against a 6.2% cost of capital: +16.6 points

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the Vipshop Holdings Limited share price today? Vipshop Holdings Limited's share price was $13.04 at the close on 3 November 2026. It has been falling for 15 weeks. That is 10.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between $12 and $20, and at that close it sat 9% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 13 weeks running. Over the last 10 years the share price moved +6% while the S&P 500 moved +255%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 7 August 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Vipshop Holdings Limited pay? Vipshop Holdings Limited declared CNY 4.34 per local share for Dec 2025. It reports in Chinese yuan, and one US-listed share can stand for several local shares, so we do not set this against the dollar price or show a yield. ## Which stock lists is Vipshop Holdings Limited on? Vipshop Holdings Limited is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Vipshop Holdings Limited profitable? Vipshop Holdings Limited earned CNY 4.3 B of net profit in the Jun 2026 quarter, +189.1% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY25 profit was CNY 7.2 B. Over 4 years profit has grown 11.5% a year on average. That is 17.4% of the quarter's revenue. The same quarter a year earlier earned CNY 1.5 B. For the full year, FY25 profit was CNY 7.2 B (−6.4% on the year before). Why profit moved: revenue changed −4.3% on a year earlier and the margin moved −0.4 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +56.3% and revenue −0.5%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## How much revenue does Vipshop Holdings Limited make, and is it growing? Vipshop Holdings Limited reported CNY 24.7 B of revenue in the Jun 2026 quarter, −4.3% on the same quarter a year earlier. Over 4 years it has grown −2.5% a year on average. The last full year, FY25, came in at CNY 106 B. The last four reported quarters add to CNY 105 B. FY25 revenue was CNY 106 B, −2.3% on the year before. Recent pace: the last four quarters grew −0.5% on average, against −2.5% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −0.8%, against −3.1% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +49.1%, against +10.8% a year (accelerating). This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## How much of its sales does Vipshop Holdings Limited keep? Vipshop Holdings Limited's operating margin was 6.2% in the Jun 2026 quarter, 0.4 percentage points lower than the same quarter a year ago. Across 5 years it has been between 4.7% and 8.3%. The latest quarter is within that range. Why the margin moved: operating margin changed −0.4 percentage points on the year while gross margin changed −0.2 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Vipshop Holdings Limited's profit turning into cash? Over the last 3 years, 134% of Vipshop Holdings Limited's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in CNY 7.5 B of operating cash against CNY 7.2 B of profit. After CNY 2.0 B of spending on assets, CNY 5.5 B was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## Where does Vipshop Holdings Limited's cash go? Vipshop Holdings Limited does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent CNY 6.9 B on assets over the last 3 years. Averaged over those years that is 2.2% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: CNY 6.9 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## What is Vipshop Holdings Limited's P/E ratio, and how does it compare with its own history? Vipshop Holdings Limited's P/E is 4.3×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Vipshop Holdings Limited business getting better or worse? Vipshop Holdings Limited's business is turning around. Profit growth has swung from −14.1% at its low to +49.1%, improving for 4 quarters in a row, with ROCE steady at 16.7%. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Vipshop Holdings Limited earn on its capital? Vipshop Holdings Limited earned a ROE of 16% in FY25. That is up from a low of 14% in FY21. Its return on capital used (ROIC) is 16.6 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 6.8% net margin and 1.34× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 6.8% net margin × 1.34× asset turnover × 1.77× leverage (assets divided by equity) ≈ 16.1% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 22.8% − 6.2% = +16.6 percentage points. The 6.2% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. The 22.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 33.2%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Vipshop Holdings Limited have too much debt? Vipshop Holdings Limited has total debt of CNY 11.6 B against shareholder equity of CNY 48.3 B as of Jun 2026, so its debt is 0.24× its equity, which is very little. Year by year, that ratio went from 0.10 in FY21 to 0.15 in FY25. So the returns on this page come from the business, not from borrowed money. This company reports in Chinese yuan, not US dollars, so the money charts are left out here. The figures in the text are in that currency (CNY); nothing is converted. ## What is the Vipshop Holdings Limited shareholding pattern? We have no ownership or short-position figures for Vipshop Holdings Limited, so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 2.3 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. ## How far is Vipshop Holdings Limited from balance-sheet trouble? For Vipshop Holdings Limited, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Vipshop Holdings Limited rank in its industry? There is no score against its industry: Vipshop Holdings Limited is not among the largest members shown in this industry comparison for Internet Retail. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Vipshop Holdings Limited compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Vipshop Holdings Limited in size? Vipshop Holdings Limited is the 14th largest of 24 Internet Retail companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Maplebear Inc., Chewy, Inc. and Etsy, Inc. Just below it: Global-E Online, Revolve Group, Inc. and Liquidity Services, Inc. ### Internet Retail companies close in size

1. [Maplebear Inc.](https://www.sectoralpha.in/us/stocks/cart) $13.5 billion
2. [Chewy, Inc.](https://www.sectoralpha.in/us/stocks/chwy) $8.9 billion
3. [Etsy, Inc.](https://www.sectoralpha.in/us/stocks/etsy) $7.7 billion
4. Vipshop Holdings Limited $7.2 billion
5. [Global-E Online Ltd.](https://www.sectoralpha.in/us/stocks/glbe) $7 billion
6. [Revolve Group, Inc.](https://www.sectoralpha.in/us/stocks/rvlv) $1.5 billion
7. [Liquidity Services, Inc.](https://www.sectoralpha.in/us/stocks/lqdt) $1.4 billion

[All 24 Internet Retail companies, largest first](https://www.sectoralpha.in/us/sectors/internet-retail#all-companies)

### Companies close in size in other industries

1. [Silicon Laboratories Inc.](https://www.sectoralpha.in/us/stocks/slab) $7.4 billion · Semiconductors
2. [Zillow Group, Inc.](https://www.sectoralpha.in/us/stocks/zg) $7.4 billion · Internet Content & Information
3. Vipshop Holdings Limited $7.4 billion
4. [Zurn Elkay Water Solutions Corporation](https://www.sectoralpha.in/us/stocks/zws) $7.4 billion · Pollution & Treatment Controls
5. [VinFast Auto Ltd.](https://www.sectoralpha.in/us/stocks/vfs) $7.4 billion · Auto Manufacturers

## What else do people ask about Vipshop Holdings Limited? ### What were Vipshop Holdings Limited Limited's latest quarterly results? Vipshop Holdings Limited reported revenue of CNY 24.7 B and net profit of CNY 4.3 B for the Jun 2026 quarter. Revenue fell 4.3% and profit rose 189.1% compared with a year earlier. The operating margin was 6.2%, 0.4 percentage points lower than a year earlier (as of 3 November 2026). ### What is Vipshop Holdings Limited Limited's market cap? Vipshop Holdings Limited's market capitalisation is $7.2 B at a stock price of $13.04. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Vipshop Holdings Limited Limited performing? Vipshop Holdings Limited's share price has been falling for 15 weeks. In its latest quarter, revenue fell 4.3% and profit rose 189.1% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 13 weeks running (as of 3 November 2026). ### Will Vipshop Holdings Limited Limited's stock price go up? This page does not forecast Vipshop Holdings Limited's stock price. What it shows instead: the stock price is $13.04, and it has been falling for 15 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Vipshop Holdings Limited Limited in its business cycle? Vipshop Holdings Limited's FY25 operating margin was 7.5%, against a 5-year range of 4.7% to 8.3%: the middle of its own range, neither a peak nor a low. The latest quarter was 6.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Vipshop Holdings Limited Limited story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Vipshop Holdings Limited Limited a stock worth studying right now? What the numbers show: Vipshop Holdings Limited's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.