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JD.com Clocks Q2 Earnings Beat; JD Retail Grows 4%

JD.com, Inc (NASDAQ: JD) reported second-quarter FY22 revenue growth of 5.4% year-on-year to $40 billion, beating the consensus of $38.63 billion. JD…
byAnusuya Lahiri
August 23, 2022
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  • JD.com, Inc (NASDAQ: JD) reported second-quarter FY22 revenue growth of 5.4% year-on-year to $40 billion, beating the consensus of $38.63 billion.
  • JD Segment Performance: JD.com’s net product revenue grew 2.9% Y/Y to $33.7 billion. Net service revenues rose 21.9% Y/Y to $6.2 billion. JD Retail revenue grew 3.9% Y/Y to $36.1 billion.
  • Margins: The non-GAAP operating margin expanded 110 bps to 2.1%. 
  • Non-GAAP net income per ADS of $0.61 beat the consensus of $0.40.
  • JD.com generated $4.5 billion in free cash flow and held $29.4 billion in cash and equivalents.
  • JD.com’s annual active customer accounts increased by 9.2% Y/Y to 580.8 million.
  • Price Action: JD shares traded higher by 0.14% at $55.40 in the premarket session on the last check Tuesday.
  • Photo via Wikimedia Commons
 
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The CNN Money Fear and Greed index showed further improvement in overall market sentiment, with the index remaining in the "Greed" zone on Friday. U.S. stocks closed mixed in the holiday-shortened trading session on Friday, ahead of the major shopping season. Meanwhile, all three major indices recorded their fourth straight weekly gains.

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