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JD.com Inc. (JD) Q2 2026 (USD): EPS 0.93 (exp. 0.86), Revenue 51.1bln (exp. 51.5bln)

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JD.com's Q2 2026 results highlighted a strong earnings beat and substantial margin expansion despite a slight decline in overall revenue and a USD revenue miss.

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CNY Metrics: Revenue 346.4bln (exp. 342.1bln, prev. 356.7bln Y/Y). Adj. Operating Income 5.5bln (prev. 0.9bln Y/Y). Adj. EBITDA 7.9bln (exp. 7.7bln, prev. 3.0bln Y/Y) Adj. Diluted EPS per ADS 6.29 (exp. 5.40, prev. 4.97 Y/Y). Free Cash Flow 31.835bln (prev. 22.018bln Y/Y). Adj. operating margin 1.6% (prev. 0.3% Y/Y). Adj. EBITDA margin 2.3% (prev. 0.8% Y/Y). Adj. net margin 2.6% (prev. 2.1% Y/Y). JD Retail operating margin 4.6% (prev. 4.5% Y/Y). Revenue -2.9% Y/Y, net service revenues +6.8% Y/Y.

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