Chinese eCommerce company JD.com Inc (NASDAQ:JD) has reported strong financial results for the first quarter, sending its US-listed shares higher.
Revenue for the quarter was RMB301.1 billion (US$141.5 billion), an increase of 15.8% compared to RMB260 billion in the same period of 2024.
It reported double-digit year-over-year growth in both product and service revenues, with product revenues increasing by 16.2% and service revenues by 14%.
Adjusted earnings per American Depositary Share was RMB8.41 (US$1.16), compared to RMB5.65 in the first quarter of 2024.
Income from operations rose to RMB10.5 billion (US$1.5 billion), up from RMB7.7 billion a year earlier.
The company’s operating margin increased to 3.5% from 3%.
“We saw a strong start to the year, with solid results on both the top and bottom lines in Q1,” JD.com CEO Sandy Xu said in a statement.
The CEO attributed the company’s strong performance to improving consumer sentiment and enhancements to JD.com’s supply chain and user experience.
“User growth was particularly strong during the quarter, reflecting the increasing trust and mindshare JD has earned from consumers and further strengthening our ecosystem,” Xu said.
“We are also seeing encouraging signs from new initiatives, and we believe these emerging opportunities will further position us for long-term, high-quality growth.”
JD.com also confirmed it had completed its annual dividend payout in April 2025. Further, the company repurchased approximately US$1.5 billion in shares during the quarter.
JD.com’s ADRs traded up 5.1% at about $38 in the early afternoon on Tuesday.