Vipshop Holdings (NYSE:VIPS), the Chinese online discount retailer known for its flash sales model, on Thursday reported unaudited fourth-quarter revenue of RMB32.5 billion (US$4.6 billion) for the period ended December 31, 2025.
Net income attributable to Vipshop's shareholders rose to RMB2.6 billion (US$370.3 million) in the fourth quarter.
The company generated RMB5.5 billion in net cash from operating activities during the period and repurchased US$305.4 million of American depositary shares (ADSs) in the quarter.
For the full year 2025, revenue totaled RMB105.9 billion (US$15.1 billion).
Net income attributable to shareholders was RMB7.2 billion (US$1 billion).
Operating cash flow for the year reached RMB7.5 billion.
Meanwhile, Vipshop returned a total of $944.1 million to shareholders in 2025 through a combination of cash dividends and share repurchases, reflecting its commitment to capital return amid solid profitability and cash generation.
For the first quarter of 2026, Vipshop provided revenue guidance in the range of RMB26.3 billion to RMB27.6 billion, implying year-over-year growth of 0% to 5%.