Vipshop Holdings Limited (VIPS) Operating margin 2016–2025
Vipshop Holdings Limited (VIPS) operating margin by fiscal year — reported operating income divided by reported revenue.
7.7%FY2025 · since FY2016: 4.8% → 7.7%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 7.7% | -0.8 pp |
| FY2024 | 8.5% | +0.4 pp |
| FY2023 | 8.1% | +2.1 pp |
| FY2022 | 6.0% | +1.2 pp |
| FY2021 | 4.8% | -1.0 pp |
| FY2020 | 5.8% | +0.6 pp |
| FY2019 | 5.1% | +2.3 pp |
| FY2018 | 2.9% | -0.8 pp |
| FY2017 | 3.7% | -1.1 pp |
| FY2016 | 4.8% | — |
Operating margin = reported operating income ÷ reported revenue for the same fiscal year. Operating-loss years show as a negative margin.
Source: SEC XBRL filings · For reference only · Not investment advice
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