Vipshop Holdings annual net debt
2015
2017
2018
2019
2020
2021
2022
2023
2024
2025
Vipshop Holdings Net Debt Growth & History (VIPS)
Vipshop Holdings's net debt was −$2.37B for fiscal 2025.
View full Vipshop Holdings company overviewVipshop Holdings annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$2.37B | $827.2M | — |
| 2024 | 2024-12-31 | −$3.19B | $77.8M | — |
| 2023 | 2023-12-31 | −$3.27B | −$619.7M | — |
| 2022 | 2022-12-31 | −$2.65B | −$597.3M | — |
| 2021 | 2021-12-31 | −$2.05B | −$629.3M | — |
| 2020 | 2020-12-31 | −$1.42B | −$894.4M | — |
| 2019 | 2019-12-31 | −$529.6M | $228.7M | — |
| 2018 | 2018-12-31 | −$758.2M | $635.3M | — |
| 2017 | 2017-12-31 | −$1.39B | — | — |
| 2015 | 2015-12-31 | −$464.1M | — | — |
Vipshop Holdings quarterly net debt
Q4.15
Q4.17
Q4.18
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 | −$2.37B | $827.2M | — |
| Q4 2024 | 2024-12-31 | −$3.19B | $77.8M | — |
| Q4 2023 | 2023-12-31 | −$3.27B | −$619.7M | — |
| Q4 2022 | 2022-12-31 | −$2.65B | −$597.3M | — |
| Q4 2021 | 2021-12-31 | −$2.05B | −$629.3M | — |
| Q4 2020 | 2020-12-31 | −$1.42B | −$894.4M | — |
| Q4 2019 | 2019-12-31 | −$529.6M | $228.7M | — |
| Q4 2018 | 2018-12-31 | −$758.2M | $635.3M | — |
| Q4 2017 | 2017-12-31 | −$1.39B | — | — |
| Q4 2015 | 2015-12-31 | −$464.1M | — | — |
Vipshop Holdings net debt trends
Over the last five fiscal years, Vipshop Holdings's net debt decreased from −$1.42B to −$2.37B, a change of −$941.4M. The latest reported quarter, Q4 2025, shows −$2.37B.
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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