JD.com annual net debt
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
JD.com Net Debt Growth & History (JD)
JD.com's net debt was −$13.78B for fiscal 2025.
View full JD.com company overviewJD.com annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$13.78B | −$3.50B | — |
| 2024 | 2024-12-31 | −$10.28B | −$3.88B | — |
| 2023 | 2023-12-31 | −$6.40B | −$13.0M | — |
| 2022 | 2022-12-31 | −$6.39B | $835.0M | — |
| 2021 | 2021-12-31 | −$7.22B | $3.56B | — |
| 2020 | 2020-12-31 | −$10.78B | −$6.72B | — |
| 2019 | 2019-12-31 | −$4.06B | $454.1M | — |
| 2018 | 2018-12-31 | −$4.51B | −$595.2M | — |
| 2017 | 2017-12-31 | −$3.92B | −$2.27B | — |
| 2016 | 2016-12-31 | −$1.65B | — | — |
JD.com quarterly net debt
Q4.16
Q4.17
Q4.18
Q3.19
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q4.25
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | −$13.78B | −$3.50B | — |
| Q4 2024 | 2024-12-31 | −$10.28B | −$3.88B | — |
| Q4 2023 | 2023-12-31 | −$6.40B | −$13.0M | — |
| Q4 2022 | 2022-12-31 | −$6.39B | $835.0M | — |
| Q4 2021 | 2021-12-31 | −$7.22B | $3.56B | — |
| Q4 2020 | 2020-12-31 | −$10.78B | −$6.72B | — |
| Q4 2019 | 2019-12-31 | −$4.06B | $454.1M | — |
| Q3 2019 | 2019-09-30 | −$3.22B | — | — |
| Q4 2018 | 2018-12-31 | −$4.51B | −$595.2M | — |
| Q4 2017 | 2017-12-31 | −$3.92B | −$2.27B | — |
| Q4 2016 | 2016-12-31 | −$1.65B | — | — |
JD.com net debt trends
Over the last five fiscal years, JD.com's net debt decreased from −$10.78B to −$13.78B, a change of −$3.00B. The latest reported quarter, Q4 2025, shows −$13.78B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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