Vipshop Holdings Limited (VIPS) Gross margin 2016–2025
Vipshop Holdings Limited (VIPS) gross margin by fiscal year — reported gross profit divided by reported revenue.
23.1%FY2025 · since FY2016: 24.0% → 23.1%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 23.1% | -0.4 pp |
| FY2024 | 23.5% | +0.7 pp |
| FY2023 | 22.8% | +1.8 pp |
| FY2022 | 21.0% | +1.2 pp |
| FY2021 | 19.7% | -1.2 pp |
| FY2020 | 20.9% | -1.3 pp |
| FY2019 | 22.2% | +2.0 pp |
| FY2018 | 20.2% | -2.2 pp |
| FY2017 | 22.3% | -1.7 pp |
| FY2016 | 24.0% | — |
Gross margin = reported gross profit ÷ reported revenue for the same fiscal year.
Source: SEC XBRL filings · For reference only · Not investment advice