JD.com (JD) Stock Drops on Revenue Dip Despite Profits Jumping 15%

TLDR

• JD $JD Q2 revenue fell 2.9% year-on-year to RMB346.4 billion due to a high base effect
• EPS of ¥6.29 beat analyst estimates by ¥0.66; revenue also topped consensus
• Net income rose 14.5% year-on-year to $1.1 billion; non-GAAP EPS jumped 26.6%
• JD.com repurchased about 2.5% of ordinary stock for $1.0 billion in H1 2026
• Stock fell 3.70% in premarket trading to $30.44 following the results

JD.com (JD) posted its Q2 2026 results Thursday, and the headline number was a miss on revenue growth but a beat almost everywhere else.

$JD (JD) #earnings are out: pic.twitter.com/BLOkYWbddE

- The Earnings Correspondent (@earnings_guy) August 13, 2026

Net revenues came in at RMB346.4 billion for the quarter, down 2.9% year-on-year. The company pointed to a “high base effect” as the main reason. Still, that figure came in ahead of the consensus estimate of RMB342.7 billion.

The stock dropped 3.70% in premarket trading in New York to $30.44 per ADS. Prior to the report, JD $JD had closed at ¥31.61, down 1.25% over the past three months.

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