JD.com showcased strong revenue growth across key segments, increased profitability, and successful user growth initiatives, despite challenges in new business revenue and matching supply with demand under the trade-in program. The company's strategic investments and share repurchase programs reflect a positive outlook.

Company Guidance

During JD.com's Q3 2024 earnings call, the company provided positive guidance with several key metrics highlighting their growth trajectory. The top line growth for Q3 accelerated by 5% year-on-year, reaching RMB 260 billion. In particular, the general merchandise category saw an 8% revenue increase, while the supermarket category delivered double-digit growth. The electronics and home appliances category also rebounded with a 3% year-on-year growth, supported by China's national trade-in program. JD Logistics demonstrated significant efficiency improvements, resulting in a 624% year-on-year increase in non-GAAP operating income and a 400 bps increase in operating margin to 4.7%. The company's non-GAAP net profit grew by 24% year-on-year, with a net margin of 5.1%, and they completed a USD 3.65 billion share repurchase program, reflecting their commitment to shareholder returns. Looking ahead, JD.com remains optimistic about continuing its growth momentum, focusing on enhancing user experience, optimizing costs, and expanding their product offerings to maintain a high-quality, sustainable growth path.

Accelerated Top Line Growth

JD.com reported a 5% year-on-year increase in net revenues to RMB 260 billion in Q3 2024, outpacing domestic total retail sales growth.

Impressive User Growth

The number of quarterly active customers grew at a double-digit rate year-on-year for the fourth consecutive quarter.

Continued Profitability Increase

Gross profit grew by 16% year-on-year, with a gross margin expansion of 165 bps to 17.3%. Non-GAAP net profit increased by 24% year-on-year.

Successful Share Repurchase Program

Completed a USD 3 billion share repurchase program and launched a new USD 5 billion program extending through 2027.

Strong General Merchandise Performance

General merchandise revenues increased by 8% year-on-year, with supermarket categories achieving double-digit growth.

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JD (GB:0JOQ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:0JOQ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 16, 2018	2018 (Q2)	- / 0.05	-0.048	194.29% (+0.09)	―	―
Nov 19, 2018	2018 (Q3)	- / 0.11	0.048	128.57% (+0.06)	―	―
Feb 28, 2019	2018 (Q4)	- / 0.07	-0.044	259.38% (+0.11)	―	―
May 10, 2019	2019 (Q1)	- / 0.30	0.142	114.42% (+0.16)	―	―
Aug 13, 2019	2019 (Q2)	- / 0.31	0.045	596.97% (+0.27)	―	―
Nov 15, 2019	2019 (Q3)	- / 0.28	0.109	160.00% (+0.17)	―	―
Mar 02, 2020	2019 (Q4)	- / 0.07	0.07	5.88% (<+0.01)	―	―
May 15, 2020	2020 (Q1)	- / 0.27	0.304	-11.21% (-0.03)	―	―
Aug 17, 2020	2020 (Q2)	- / 0.48	0.314	52.61% (+0.17)	―	―
Nov 16, 2020	2020 (Q3)	- / 0.47	0.284	64.42% (+0.18)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GB:0JOQ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 14, 2024	$72.00	$72.00	0.00%
Aug 15, 2024	$72.00	$72.00	0.00%
May 16, 2024	$72.00	$72.00	0.00%
Mar 06, 2024	$71.26	$71.26	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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