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Vipshop Holdings Limited (VIPS)

NYSE: VIPS · Retail-Catalog & Mail-Order Houses · Guangzhou, CN · filing with the SEC since 2012
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Grade6.0
◀ Past 6.9● Present 5.9▶ Future 5.4
2 est.
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The grade of Vipshop Holdings Limited

Nine metrics read from its own filings, by tense
Headline grade
6.0/10
◀ Past6.925% of the headline
● Present5.945% of the headline
▶ Future5.430% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.9/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.8/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 78th percentile among 29 sector filers · read for itself

From the record

Vipshop Holdings Limited's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.1/10

What has it actually done, year after year?

-3.1% a year over 3 filed years; profitable in 3 of 3.

weight 33% of this tense · 41st percentile among 29 sector filers · read for its customers

From the record

Vipshop Holdings Limited's 3 filed years say what it did: revenue went from CNY 113 billion in fiscal 2023 to CNY 106 billion in fiscal 2025, down 3.1% a year; it rose in 0 of 2 years; the deepest fall was 6% from fiscal 2023 to fiscal 2025; net income was positive in 3 of 3 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-3.1%bottom 16% of its family
  • the share of years revenue rosebottom 2% of its family
  • the share of filed years with a profittop 10% of its family
  • the deepest fall from a revenue peak6.1%top 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
9.3/10

How has it treated the people who own it?

Share count shrank 7.2% a year. 56% of cash flow returned. Insiders: 10 sales, 0 purchases.

weight 22% of this tense · 93rd percentile among 20 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Vipshop Holdings Limited's diluted share count shrank about 7.2% a year, and dividends and buybacks returned about 56% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 10 sales and 0 purchases of their own stock on the open market in the year to 2026-10-15 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 2% of its family
  • cash returned against operating cash flowtop 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.9/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
6.4/10

Is it financially healthy right now?

ROE 18%: 18¢ of profit per shareholder dollar. Leverage 48%: owes 48¢ per asset dollar.

weight 45% of this tense · 64th percentile among 29 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Vipshop Holdings Limited earned about 18 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 31 cents per dollar of everything the company owns. Leverage: it owed about 48 cents per dollar of assets, and net share issuance: its share count shrank 5.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 26% of its family
  • return on equitytop 33% of its family
  • gross profit against assetsbottom 24% of its family
  • the share count against the year beforetop 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.9/10

How strong is its position in its industry?

top 41% of 29 in its family; net margin 7%.

weight 33% of this tense · 59th percentile among 29 sector filers · read for its customers

From the record

Vipshop Holdings Limited's standing among 29 graded names in its industry family: revenue of CNY 106 billion in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of 7% ranks in the top 12%; revenue growth of -3.1% a year over the last 2 filed years ranks in the bottom 29% (its annual reports).

What it rests on

  • net margin7.0%top 12% of its family
  • three-year revenue growth-3.1%bottom 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
4.7/10

What are the people in charge doing?

SI estimate 4.7/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 19 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 19 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 19 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Vipshop Holdings Limited's leadership is put at 4.7 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 19 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.4/1030% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed
5.7/10

How much room does it have to grow?

top 44% of 29 in its family for room to expand.

weight 22% of this tense · 56th percentile among 29 sector filers · read for itself

From the record

Vipshop Holdings Limited's room to grow, from the newest filed statements (fiscal 2025): cash of CNY 23 billion against no long-term debt tagged leaves 29.2% of its assets as net cash, top 31% of its family; cash from operations less capital spending is 5.2% of revenue (top 12%); a gross margin of 23.1% (bottom 13%) (its annual report).

What it rests on

  • cash less debt against assets29.2%top 31% of its family
  • cash from operations less capital spending against revenue5.2%top 12% of its family
  • gross margin23.1%bottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.6/10

What could actually drive growth from here?

top 44% of 29 in its family for growth drivers.

weight 45% of this tense · 56th percentile among 29 sector filers · read for its customers

From the record

Vipshop Holdings Limited's growth drivers, from the filed years to fiscal 2025: revenue grew -3.1% a year over the last three filed years against -3.1% over all 3, speeding up (top 14% of its family); the newest year grew -2.3% (bottom 26%); capital spending grew -6.5% a year (top 44%) (its annual reports). Vipshop Holdings Limited reported 3 lines of business in fiscal 2025: Vip Com at CNY 101 billion (96%), Shan Shan Outlets at CNY 4.1 billion (4%), Other at CNY 725 million (1%); 1 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+0.0 points a yeartop 14% of its family
  • the newest year's revenue growth-2.3%bottom 26% of its family
  • three-year growth of capital spending-6.5%top 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate
4.9/10

Did its newest year beat what its own record pointed to?

SI estimate 4.9/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 27 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 27 members with one.
What the record cannot read
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned
family median, 27 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Vipshop Holdings Limited's expectations vs reality is put at 4.9 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 27 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton VIPS · research, not advice