Vipshop Holdings Ltd ADR

VIPS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Vipshop Earnings: Core EBIT Missed; Fair Value Estimate Maintained as Reforms Will Support Earnings

Chelsey Tam

Nov 21, 2025

Vipshop's third-quarter gross merchandise volume, or GMV, year-on-year growth accelerated sequentially to 8%, up from 2% in the second quarter. Revenue grew 3% year on year, in line with its guidance, while EBIT fell 19%. It guided 0%-5% revenue growth for the fourth quarter.

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Vipshop Holdings Ltd ADR

Vipshop Earnings: Core EBIT Missed; Fair Value Estimate Maintained as Reforms Will Support Earnings

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