Vipshop Holdings (MEX:VIPS N) EBIT: MXN24,004 Mil (TTM As of Mar. 2026)


MEX:VIPS N Vipshop Holdings Ltd MEX:VIPS N
69 GF Score
Price MXN235.00
GF Value MXN302.85
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Vipshop Holdings EBIT?

Vipshop Holdings MEX:VIPS N 69 EBIT is MXN24,004 Mil as of Mar. 2026. GuruFocus rates MEX:VIPS N with a GF Score™ of 69/100 and a GF Value™ of MXN302.85 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Vipshop Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was MXN7,091 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was MXN24,004 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vipshop Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was 16.42%. Vipshop Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 59.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vipshop Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 38.28%.


Vipshop Holdings  (MEX:VIPS N) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Vipshop Holdings's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=26140.956 * ( 1 - 19.37% )/( (129134.721 + 127569.017)/ 2 )
=21077.4528228/128351.869
=16.42 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=201560.247 - 50204.257 - ( 73543.532 - max(0, 78951.548 - 101172.817+73543.532))
=129134.721

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=209119.296 - 59806.398 - ( 79393.032 - max(0, 82915.156 - 104659.037+79393.032))
=127569.017

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Vipshop Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=28363.812/( ( (47848.734 + max(-43110.58, 0)) + (48051.754 + max(-50032.766, 0)) )/ 2 )
=28363.812/( ( 47848.734 + 48051.754 )/ 2 )
=28363.812/47950.244
=59.15 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(564.059 + 13174.524 + 6631.733) - (50204.257 + 6164.761 + 7111.878)
=-43110.58

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1921.517 + 12092.265 + 1589.607) - (59806.398 + 5829.758 + -0.0010000000038417)
=-50032.766

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Vipshop Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=24004.343/62700.970
=38.28 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Vipshop Holdings EBIT Related Terms


Vipshop Holdings EBIT Historical Data

* Premium members only.

The historical data trend for Vipshop Holdings's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Vipshop Holdings EBIT Chart

Vipshop Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18,963.00 22,655.32 23,796.41 28,774.54 23,020.26

Vipshop Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6,912.30 5,014.14 3,982.56 7,916.69 7,090.95

MEX:VIPS N vs GLBE, ETSY, CHWY: EBIT Comparison

For the Internet Retail subindustry, Vipshop Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vipshop Holdings EV-to-EBIT vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Vipshop Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Vipshop Holdings's EV-to-EBIT falls into.


MEX:VIPS N
69GF Score
Vipshop Holdings Ltd MEX:VIPS N
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vipshop Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN24,004 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of MXN24,004 Mil mean?
Vipshop Holdings (MEX:VIPS N) has a EBIT of MXN24,004 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Vipshop Holdings.
Is Vipshop Holdings' EBIT too high?
Vipshop Holdings' current EBIT is MXN24,004 Mil. Overall, Vipshop Holdings has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vipshop Holdings' EBIT compare to GLBE and ETSY?
Vipshop Holdings' EBIT of MXN24,004 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Retail - Cyclical company?
A good EBIT depends on the Retail - Cyclical industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Vipshop Holdings. Vipshop Holdings's current EBIT is MXN24,004 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vipshop Holdings stock overvalued right now?
Based on GuruFocus' analysis, Vipshop Holdings (MEX:VIPS N) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN302.85, compared to a current price of MXN235.00 — trading 22.4% below its estimated fair value. The current EBIT is MXN24,004 Mil. Vipshop Holdings' overall GF Score™ is 69/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Vipshop Holdings (MEX:VIPS N), the current EBIT is MXN24,004 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Vipshop Holdings (MEX:VIPS N) Overvalued in 2026?

Based on GuruFocus' analysis, Vipshop Holdings stock appears to be undervalued. The current stock price of MXN235.00 is trading 22.4% below its estimated GF Value™ of MXN302.85. GuruFocus considers Vipshop Holdings to be Modestly Undervalued.

Key valuation signals for MEX:VIPS N:

  • EBIT: MXN24,004 Mil
  • GF Value™: MXN302.85 vs. price of MXN235.00 (22.4% below fair value)
  • GF Score™: 69/100 with 2 warning signs

No single metric tells the full story. See the MEX:VIPS N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vipshop Holdings Business Description

Address 128 Dingxin Road, Haizhu District, Guangdong Province, Guangzhou, CHN, 510220
Vipshop is a leading Chinese online discount retailer offering branded products at attractive discounts of 10%-90% off their original price through daily flash sales. It operates warehousing, retailing, product procurement, software development, and information technology support in-house while outsourcing to third-party logistics providers for distribution and shipments. Branded products on Vipshop's platform are sourced mostly through a consignment model with global brand partners. As of March 31, 2025, Eric Ya Shen, chair and CEO, had 64.5% voting rights. Leading Chinese social media firm and strategic shareholder Tencent also holds a 12.5% interest.
69GF Score

Get the complete analysis for MEX:VIPS N

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN235.00
Price
MXN302.85
GF Value