Research analysts who have asked questions during Vipshop Holdings earnings calls.
AY
Alicia Yap
Citigroup
8 questions for VIPS
Also covers: BABA, BIDU, BZUN +10 more
TC
Thomas Chong
Jefferies Financial Group Inc.
5 questions for VIPS
Also covers: ATHM, BABA, BEKE +22 more
JS
Jialong Shi
Nomura
3 questions for VIPS
Also covers: BABA, JD, NTES
Ronald Keung
Goldman Sachs
3 questions for VIPS
Also covers: BABA, JD, YMM +1 more
Wei Xiong
UBS
3 questions for VIPS
Also covers: BIDU, BZ, DADA +2 more
AC
Andre Chang
JPMorgan Chase & Co.
2 questions for VIPS
LD
Lianxiu Duan
Barclays
2 questions for VIPS
SW
Shen Wei
UBS
2 questions for VIPS
Also covers: EH
Andrew Cheng
J.P. Morgan
1 question for VIPS
Eddy Wang
Morgan Stanley
1 question for VIPS
Also covers: BEKE, BZ, TAL +1 more
Recent press releases and 8-K filings for VIPS.
Vipshop Holdings Reports Q4 and Full Year 2025 Results, Provides Q1 2026 Guidance
VIPS
Earnings
Guidance Update
Dividends
- Vipshop Holdings reported Q4 2025 total net revenues of RMB 32.5 billion, a decrease from RMB 33.2 billion in the prior year, with results slightly below expectations due to a deceleration in December sales. However, full year 2025 non-GAAP net income per diluted ADS increased to RMB 17.08.
- For Q1 2026, the company expects total net revenues to be between RMB 26.3 billion and RMB 27.6 billion, representing a year-over-year increase of approximately 0%-5%, and anticipates stable margins for 2026 and beyond.
- The company demonstrated a strong commitment to shareholder returns, having returned $944 million in 2025 through dividends and share repurchases, and plans to distribute no less than 75% of its full year 2025 non-GAAP net income to shareholders in 2026, including an increased annual dividend of approximately $300 million.
- Strategic initiatives include continued growth in the Super VIP program, with active SVIP members growing 11% to 9.8 million in 2025 and contributing 52% of online spending, and the expansion of the Shan Shan Outlets offline business.
1 day ago
Vipshop Holdings Reports Q4 and Full Year 2025 Results, Provides Q1 2026 Guidance
VIPS
Earnings
Guidance Update
Dividends
- Vipshop Holdings reported Q4 2025 total net revenues of RMB 32.5 billion, a decrease from RMB 33.2 billion in the prior year, primarily due to a deceleration in December sales attributed to weak winter apparel demand and delayed holiday shopping.
- For the full year 2025, total net revenues were RMB 105.9 billion, with non-GAAP net income attributable to shareholders per diluted ADS increasing to RMB 17.08 from RMB 16.75 in the prior year.
- The company returned a total of $944 million to shareholders in 2025 through dividends and share repurchases. For 2026, Vipshop intends to distribute no less than 75% of its full year 2025 non-GAAP net income attributable to shareholders, including an increased annual dividend of approximately $300 million.
- Vipshop expects Q1 2026 total net revenues to be between RMB 26.3 billion and RMB 27.6 billion, representing a year-over-year increase of approximately 0%-5%, noting a pickup in consumer activity in January and February.
- Strategic highlights for 2025 include 11% growth in active SVIP members to 9.8 million, who contributed 52% of online spending, and a focus on expanding the offline Shan Shan Outlet business to drive growth and offset potential challenges from AI.
1 day ago
Vipshop Holdings Reports Q4 and Full Year 2025 Results
VIPS
Earnings
Dividends
Share Buyback
- Vipshop Holdings reported total net revenues of RMB 32,474 million for Q4 2025 and RMB 105,920 million for the full year 2025.
- Non-GAAP net income attributable to shareholders was RMB 2,858 million for Q4 2025, with a net margin of 8.8%. For the full year 2025, non-GAAP net income was RMB 8,745 million with a net margin of 8.3%.
- The company's total active customers for 2025 were 84.8 million, with 45.3 million in Q4 2025.
- Vipshop Holdings declared an annual dividend for fiscal 2025 of US$3.10 per ordinary share (or US$0.62 per ADS) and plans to continue its share repurchase program through February 2027.
- The company maintained a strong cash position with RMB 29,900 million in cash and cash equivalents, restricted cash, and short-term investments as of Q4 2025.
1 day ago
Vipshop Holdings Reports Q4 and Full Year 2025 Results, Provides Q1 2026 Guidance
VIPS
Earnings
Guidance Update
Dividends
- Vipshop Holdings reported Q4 2025 total net revenues of RMB 32.5 billion, compared to RMB 33.2 billion in the prior year period, and full year 2025 total net revenues of RMB 105.9 billion, down from RMB 108.4 billion in the prior year. Net income attributable to Vipshop shareholders for Q4 2025 increased by 5.8% year-over-year to RMB 2.6 billion, with non-GAAP net income per diluted ADS at RMB 5.66.
- The company expects Q1 2026 total net revenues to be between RMB 26.3 billion and RMB 27.6 billion, representing a year-over-year increase of approximately 0%-5%. Management noted that Q4 2025 results were slightly below expectations due to a deceleration in December sales, attributed to weak winter apparel demand and delayed holiday shopping.
- Vipshop returned a total of $944 million to shareholders in 2025 through dividends and share repurchases. For 2026, the company intends to distribute no less than 75% of its full year 2025 non-GAAP net income attributable to Vipshop shareholders, including an increased annual dividend of approximately $300 million and the continuation of its share repurchase program.
- The Super VIP program saw active members grow by 11% to 9.8 million in 2025, contributing 52% of online spending. The company is also expanding its Shan Shan outlet business and integrating AI across operations to enhance customer experience and drive efficiency.
1 day ago
Vipshop Reports Unaudited Fourth Quarter and Full Year 2025 Financial Results
VIPS
Earnings
Dividends
Share Buyback
- Vipshop reported total net revenues of RMB32.5 billion (US$4.6 billion) for Q4 2025, compared with RMB33.2 billion in the prior year period, and RMB105.9 billion (US$15.1 billion) for the full year 2025, compared with RMB108.4 billion in the prior year.
- Net income attributable to Vipshop’s shareholders for Q4 2025 increased by 5.8% year over year to RMB2.6 billion (US$370.3 million), from RMB2.4 billion in the prior year period. For the full year 2025, it was RMB7.2 billion (US$1.0 billion), compared with RMB7.7 billion in the prior year.
- Non-GAAP net income attributable to Vipshop’s shareholders for Q4 2025 was RMB2.9 billion (US$408.7 million), compared with RMB3.0 billion in the prior year period. For the full year 2025, it was RMB8.7 billion (US$1.3 billion), compared with RMB9.0 billion in the prior year.
- The company declared an annual cash dividend for fiscal year 2025 of US$0.62 per ADS and repurchased US$305.4 million of its ADSs during Q4 2025, with US$316.0 million remaining under the share repurchase program as of December 31, 2025.
- For Q1 2026, Vipshop expects total net revenues to be between RMB26.3 billion and RMB27.6 billion, representing a year-over-year increase of approximately 0% to 5%.
1 day ago
Vipshop Holdings Announces Fourth Quarter and Full Year 2025 Financial Results
VIPS
Earnings
Dividends
Share Buyback
Guidance Update
- Vipshop Holdings reported total net revenues of RMB32.5 billion (US$4.6 billion) for Q4 2025 and RMB105.9 billion (US$15.1 billion) for the full year 2025, reflecting a slight decrease from the prior year periods.
- Net income attributable to shareholders for Q4 2025 increased by 5.8% year-over-year to RMB2.6 billion (US$370.3 million), while full-year 2025 net income was RMB7.2 billion (US$1.0 billion).
- The company returned US$944.1 million to shareholders in 2025 through dividends and share repurchases, and declared an annual cash dividend of US$0.62 per ADS for fiscal year 2025.
- Vipshop projects Q1 2026 total net revenues to be between RMB26.3 billion and RMB27.6 billion, representing a year-over-year increase of approximately 0% to 5%.
1 day ago
Vipshop Holdings Limited Reports Q3 2025 Financial Results
VIPS
Earnings
Guidance Update
Share Buyback
- Vipshop Holdings Limited reported total net revenues of RMB21.4 billion (US$3.0 billion) for the third quarter of 2025, an increase of 3.4% year over year.
- Net income attributable to shareholders for Q3 2025 increased by 16.8% year over year to RMB1.2 billion (US$171.5 million).
- The company repurchased US$24.6 million of its ADSs during the third quarter of 2025, with an unutilized amount of US$621.4 million remaining under its share repurchase program as of September 30, 2025.
- For the fourth quarter of 2025, Vipshop expects total net revenues to be between RMB33.2 billion and RMB34.9 billion, representing a year-over-year increase of approximately 0% to 5%.
Nov 20, 2025, 1:27 PM
Vipshop Holdings Announces Q3 2025 Results and Q4 2025 Outlook
VIPS
Earnings
Guidance Update
Share Buyback
- Vipshop Holdings reported Q3 2025 total net revenues of RMB 21.4 billion, an increase of 3.4% year-over-year.
- Net income attributable to shareholders for Q3 2025 grew by 16.8% year-over-year to RMB 1.2 billion, with non-GAAP net income per diluted ADS reaching RMB 2.98.
- For Q4 2025, the company forecasts total net revenues to be between RMB 33.2 billion and RMB 34.9 billion, representing a year-over-year increase of approximately 0% to 5%.
- The company is committed to returning no less than 75% of its RMB 9 billion full-year 2024 non-GAAP net income to shareholders in 2025, having already returned over $730 million through dividends and share buybacks.
Nov 20, 2025, 12:00 PM
Vipshop Holdings Limited Announces Q3 2025 Results
VIPS
Earnings
Dividends
Share Buyback
- For Q3 2025, Vipshop Holdings Limited reported Total Net Revenues of RMB 21,371 million.
- Non-GAAP Net Income attributable to shareholders for Q3 2025 was RMB 1,501 million, representing a 7.0% net margin.
- The company has maintained an AA MSCI ESG Rating as of November 2024, positioning it as a leader among over 300 companies in the consumer discretionary industry.
- Vipshop demonstrated consistent shareholder returns, with US$769.4 million in total shareholder returns in FY2024, comprising US$233.3 million in dividends and US$536.1 million in share repurchases.
- The company has achieved 52 consecutive quarters of profitability since Q4 2012.
Nov 20, 2025, 12:00 PM
Vipshop Holdings Reports Q3 2025 Results and Q4 2025 Revenue Guidance
VIPS
Earnings
Guidance Update
Share Buyback
- Vipshop Holdings reported Q3 2025 total net revenues of RMB 21.4 billion, a 3.4% year-over-year increase, and Non-GAAP net income attributable to shareholders of RMB 1.5 billion, up 14.6% year-over-year.
- For Q4 2025, the company expects total net revenues to be between RMB 33.2 billion and RMB 34.9 billion, representing a year-over-year increase of 0%-5%.
- The company is committed to returning no less than 75% of its RMB 9 billion full-year 2024 Non-GAAP net income to shareholders in 2025, having already returned over $730 million through dividends and share buybacks this year.
- Strategic initiatives include regaining year-over-year growth in total active customers, an 11% year-over-year increase in Super VIP members contributing 51% of online spending, and accelerating AI application across various business areas.
Nov 20, 2025, 12:00 PM
Quarterly earnings call transcripts for Vipshop Holdings.
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