MarketCapExport financials
Vipshop Holdings Limited (VIPS)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.
Facebook
X
Telegram
Vipshop Holdings Limited Balance Sheet 2025-2010 | VIPS
Brief overview of Vipshop Holdings Limited's balance sheet strength
This overview follows the five latest available annual observations between 2021 and 2025.
Assets added +26.6%, reaching 78.8 billion CNY from 62.3 billion CNY five periods earlier; annual growth near 6.1% remained solid.
Asset growth of +26.6% was close to the +20.9% change in liabilities, leaving the funding profile broadly stable.
The equity-to-assets ratio is 52%, compared with 54.3% five periods ago. The balance sheet has a substantial internal cushion.
Cash exceeds interest-bearing debt, producing net debt of -22.4 billion CNY. The balance sheet therefore carries a net cash position.
Retained earnings are 48.6 billion CNY versus 22.4 billion CNY initially. The direction shows how results contributed to equity.
Conclusion
The indicators point to a strong balance sheet position for Vipshop Holdings Limited: funding is balanced and liability risks appear controlled.
Annual Balance Sheet Vipshop Holdings Limited
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-22.4 B | -25.7 B | -24.6 B | -21 B | - | - | -6.18 B | - | -4.21 B | 272 M | 829 M | -936 M | -2.03 B | -775 M | -203 M | - |
Long Term Debt |
557 M | 592 M | 689 M | 833 M | - | - | 64.5 M | - | 4.09 B | 4.38 B | 4.06 B | 3.85 B | - | - | - | - |
Long Term Debt Current |
47.5 M | 57.2 M | 80.9 M | 136 M | - | 300 M | 333 M | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | 2.83 B | 355 M | 4.43 B | 4.78 B | 4.33 B | 4.24 B | - | - | - | - |
Total Current Liabilities |
30.9 B | 29.9 B | 30.6 B | 28.5 B | 25.8 B | 26.6 B | 23.9 B | 25.9 B | 19.3 B | 14.6 B | 12.2 B | - | - | - | - | - |
Total Liabilities |
34.4 B | 33.4 B | 33.8 B | 31.4 B | 28.5 B | 29.6 B | 26.3 B | 26.4 B | 23.7 B | 19.4 B | 16.5 B | 14.4 B | 5.02 B | 1.97 B | 937 M | - |
Deferred Revenue |
521 M | 477 M | 458 M | 400 M | 450 M | 334 M | 406 M | 368 M | 31.2 M | 25.1 M | 16.1 M | 31.4 B | 21.7 B | 12.9 B | 120 M | - |
Retained Earnings |
48.6 B | 42.9 B | 36.8 B | 28.7 B | 22.4 B | 17.7 B | 11.9 B | 7.91 B | 5.6 B | 3.65 B | 1.62 B | 26.5 M | -749 M | -1.1 B | -1.05 B | - |
Total Assets |
78.8 B | 74.9 B | 72.3 B | 65.5 B | 62.3 B | 58.9 B | 48.6 B | 43.6 B | 38 B | 25.1 B | 20 B | 17 B | 6.49 B | 2.48 B | 1.05 B | - |
Cash and Cash Equivalents |
23 B | 26.4 B | 25.4 B | 21.9 B | - | 12 B | 6.57 B | 9.54 B | 9.97 B | 4.11 B | 3.32 B | 4.79 B | 2.03 B | - | - | - |
Book Value |
44.4 B | 41.5 B | 38.6 B | 34.1 B | 33.8 B | 29.4 B | 22.2 B | 17.2 B | 14.3 B | 5.73 B | 3.54 B | 2.55 B | 1.47 B | 514 M | 115 M | - |
Total Shareholders Equity |
41 B | 40 B | 37 B | 32.8 B | 33.8 B | 29.4 B | 22.2 B | 17.3 B | 14.3 B | 5.73 B | 3.54 B | 2.7 B | 1.47 B | - | - | - |
Annual performance
Select metrics to display
All numbers in CNY currency
Quarterly Balance Sheet Vipshop Holdings Limited
| 2025-Q4 | 2024-Q4 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
557 M | 592 M | 689 M | - | - | - | - | 953 M | - | - | - | 1.36 B | - | - | - | 64.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.47 B | - | - | - | 4.73 B | - | - | - | 4.26 B | - | - | - | 4.1 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
34.4 B | 33.4 B | 33.8 B | - | - | - | - | 28.5 B | - | - | - | 29.6 B | - | - | - | 26.3 B | - | - | - | 26.4 B | - | - | - | 23.7 B | - | - | - | 19.3 B | - | - | - | 16.4 B | - | - | - | 14.3 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
521 M | 477 M | 458 M | - | - | - | - | 450 M | - | - | - | 334 M | - | - | - | 406 M | - | - | - | 368 M | - | - | - | 203 M | - | - | - | 175 M | - | - | - | 105 M | - | - | - | 195 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
48.6 B | 42.9 B | 36.8 B | - | - | - | - | 22.4 B | - | - | - | 17.7 B | - | - | - | 11.9 B | - | - | - | 7.91 B | - | - | - | 5.6 B | - | - | - | 3.65 B | - | - | - | 1.62 B | - | - | - | 26.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
78.8 B | 74.9 B | 72.3 B | - | - | - | - | 62.3 B | - | - | - | 58.9 B | - | - | - | 48.6 B | - | - | - | 43.6 B | - | - | - | 38 B | - | - | - | 25.1 B | - | - | - | 20 B | - | - | - | 17 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
23 B | 26.4 B | 25.4 B | - | - | - | - | 16.3 B | - | - | - | 12 B | - | - | - | 6.57 B | - | - | - | 9.54 B | - | - | - | 9.97 B | - | - | - | 4.11 B | - | - | - | 3.32 B | - | - | - | 4.79 B | - | - | - | 2.03 B | - | - | - | 775 M | - | - | - | - | - | - | - | - |
Book Value |
44.4 B | 41.5 B | 38.6 B | - | - | - | - | 33.8 B | - | - | - | 29.4 B | - | - | - | 22.2 B | - | - | - | 17.2 B | - | - | - | 14.3 B | - | - | - | 5.78 B | - | - | - | 3.61 B | - | - | - | 2.7 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
41 B | 40 B | 37 B | - | - | - | - | 32.6 B | - | - | - | 28.5 B | - | - | - | 21.8 B | - | - | - | 17.3 B | - | - | - | 14.3 B | - | - | - | 5.73 B | - | - | - | 3.54 B | - | - | - | 2.55 B | - | - | - | 1.47 B | - | - | - | 515 M | - | - | - | - | - | - | - | - |
Quarterly performance
Select metrics to display
All numbers in CNY currency
Balance Sheet is a fundamental financial report of Vipshop Holdings Limited, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
Balance sheet of other industry stocks – Internet retail
| Issuer | Price | % 24h | Market Cap | Country | |
|---|---|---|---|---|---|
 |
Carvana Co.
CVNA
|
$ 73.51 | 1.94 % | $ 10.1 B |  USA |
 |
eBay
EBAY
|
$ 122.21 | -0.93 % | $ 56.1 B | USA |
 |
Blue Apron Holdings
APRN
|
- | 6.51 % | $ 238 M | USA |
 |
ВсеИнструменты.ру
VSEH
|
- | - | - |  Russia |
 |
Farfetch Limited
FTCH
|
- | - | $ 985 M |  Britain |
 |
Yunji
YJ
|
$ 1.14 | 1.79 % | $ 2.25 B |  China |
 |
JD.com
JD
|
$ 29.15 | 1.78 % | $ 83 B | China |
 |
Poshmark
POSH
|
- | 0.02 % | $ 1.41 B | USA |
 |
1847 Goedeker
GOED
|
- | -2.46 % | $ 130 M | USA |
 |
MOGU
MOGU
|
$ 1.74 | -11.46 % | $ 4.27 B | - |
 |
ContextLogic
WISH
|
- | -2.26 % | $ 3.48 B | USA |
 |
iMedia Brands
IMBI
|
- | -18.52 % | $ 3.08 M | USA |
 |
Revolve Group
RVLV
|
$ 18.79 | -1.36 % | $ 1.34 B | USA |
 |
Wayfair
W
|
$ 111.72 | -1.53 % | $ 14.3 B | USA |
 |
MercadoLibre
MELI
|
$ 1 510.11 | -1.32 % | $ 76.6 B |  Argentina |
 |
Amazon.com
AMZN
|
$ 259.56 | -0.25 % | $ 2.77 T | USA |
 |
Chewy
CHWY
|
$ 22.5 | -2.24 % | $ 9.32 B | USA |
 |
Baozun
BZUN
|
$ 3.48 | 1.02 % | $ 604 M | China |
 |
Alibaba Group Holding Limited
BABA
|
$ 109.44 | 1.23 % | $ 2.03 T | China |
 |
LightInTheBox Holding Co., Ltd.
LITB
|
$ 2.75 | 2.61 % | $ 603 M | China |
 |
Jumia Technologies AG
JMIA
|
$ 5.5 | 7.32 % | $ 1.36 B |  Germany |
 |
Pinduoduo
PDD
|
$ 83.07 | -1.05 % | $ 464 B | China |
 |
Liquidity Services
LQDT
|
$ 43.97 | -1.68 % | $ 1.36 B | USA |
 |
Etsy
ETSY
|
$ 89.92 | -1.72 % | $ 9.2 B | USA |
 |
Oriental Culture Holding LTD
OCG
|
$ 1.6 | 3.57 % | $ 57.5 K | China |
 |
Natural Health Trends Corp.
NHTC
|
$ 0.76 | -9.99 % | $ 8.74 M | USA |
 |
CarParts.com
PRTS
|
$ 8.42 | 6.58 % | $ 515 M | USA |
 |
Dada Nexus Limited
DADA
|
- | -1.26 % | $ 2.05 B | China |
 |
Ruhnn Holding Limited
RUHN
|
- | - | $ 279 M | China |
 |
Secoo Holding Limited
SECO
|
- | 5.17 % | $ 14.1 M | China |
 |
Overstock.com
OSTK
|
- | 5.47 % | $ 762 M | USA |
 |
Qurate Retail
QRTEA
|
- | - | $ 143 M | USA |
 |
RumbleON
RMBL
|
- | 60.5 % | $ 56.9 M | USA |
 |
Ozon Holdings PLC
OZON
|
$ 2 970.5 | - | $ 620 B | Russia |