Overview

• Vipshop Q3 2025 revenue rises 3.4% yr/yr to RMB21.4 bln

• Net income for Q3 2025 increases 16.8% yr/yr to RMB1.2 bln

• Company repurchased US$24.6 mln of ADSs under share repurchase program

Outlook

• Company expects Q4 2025 revenue between RMB33.2 bln and RMB34.9 bln

Result Drivers

• CUSTOMER GROWTH - Positive customer momentum, especially double-digit growth in Super VIP members, drove business growth

• TECHNOLOGY AND AI - Technology and AI are playing an increasingly vital role in unlocking growth potential and driving efficiency

• STRATEGIC REALIGNMENT - Strategic realignment and reinforced flywheel from merchandising to operations supported growth

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 12 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the online services peer group is "buy"

• Wall Street's median 12-month price target for Vipshop Holdings Ltd is $18.20, about 6.9% below its November 19 closing price of $19.45

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nPn530Hp3a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)