JD.com, Inc. · JD · Next earnings

JD.com, Inc. reports Thursday, Nov 12, 2026

JD reports before market open with consensus EPS at $0.88 and revenue at $46.05B. Last quarter: JD.com pairs margin expansion with disciplined investment in Q2

Reports Before market open7 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $0.88 Calendar consensus
Consensus revenue $46.05B Calendar consensus
Report date Nov 12, 2026 Thursday, date estimated
Session Before market open 7 days away

Where JD left off: FY2026 Q2

Full report

JD.com pairs margin expansion with disciplined investment in Q2

EPS surprise +8.1% Reported $0.93 vs $0.86
Revenue surprise +1.2% Reported $50.98B vs $50.38B
Stock move -7.3% Event window
Subsequent drift -7.6% Up to 20 sessions

Guidance sentiment was maintained; management said it plans to re-accelerate JD Retail growth and continue margin expansion in H2 2026.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Component-price pressure and a high trade-in comparison base could weigh on electronics and appliance sales.
  • Macro uncertainty and competition could dampen consumer demand and operating leverage.
  • Investment in Joybuy and other new businesses could disappoint if ROI discipline weakens.

Questions analysts left open

  • Whether electronics and home-appliance growth can improve in H2.
  • Why general-merchandise growth slowed.
  • Whether Joybuy investment and other new-business spending can generate acceptable returns.

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Recent JD quarters

All JD earnings
-7.3%FY2026 Q2+0.3%FY2025 Q4-1.7%FY2025 Q3+3.3%FY2025 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.