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Home/News Feed/Vipshop Q2 revenue dips slightly; net income jumps 189% on one-off REIT gain

VIPS

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+$0.05 +0.39%

Vipshop Q2 revenue dips slightly; net income jumps 189% on one-off REIT gain

Company Fundamentals

25 Aug 2026

PRNewsWire

View Source

Neutral

Vipshop reported Q2 2026 net revenues of RMB24.7 billion, slightly down from RMB25.8 billion a year ago, while gross profit fell to RMB5.8 billion. Net income surged 189% to RMB4.3 billion, driven by a one-time RMB5.79 billion gain from listing a commercial REIT. Active customers and total orders declined slightly, reflecting a challenging consumer environment. The company plans to focus on merchandising, customer experience, and AI to sustain long-term growth, with Q3 revenue guidance of RMB20.3-21.4 billion.

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