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

August 23, 2022 9:13 AM | 1 min read | Make a Comment

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.
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