6-K: Jd.Com announces fourth quarter and full year 2024 results, and annual dividend

JD.com reported strong Q4 2024 results with net revenues rising 13.4% YoY to RMB347.0 billion ($47.5B), driven by 14.0% growth in product revenues and 10.8% growth in service revenues. Net income surged 190.8% to RMB9.9 billion ($1.4B), with operating margin expanding to 2.4% from 0.7% YoY.For full year 2024, net revenues increased 6.8% to RMB1,158.8 billion ($158.8B), while net income jumped 71.1% to RMB41.4 billion ($5.7B). The company demonstrated improved profitability with non-GAAP operating margin rising to 3.8% from 3.3% in 2023. Free cash flow reached RMB43.7 billion for the year.The Board approved an annual cash dividend of $1.0 per ADS, with total payout expected at $1.5B. The company also completed its $3.0B share repurchase program and launched a new $5.0B buyback plan through August 2027. JD repurchased approximately 8.1% of outstanding shares in 2024.

JD.com reported strong Q4 2024 results with net revenues rising 13.4% YoY to RMB347.0 billion ($47.5B), driven by 14.0% growth in product revenues and 10.8% growth in service revenues. Net income surged 190.8% to RMB9.9 billion ($1.4B), with operating margin expanding to 2.4% from 0.7% YoY.For full year 2024, net revenues increased 6.8% to RMB1,158.8 billion ($158.8B), while net income jumped 71.1% to RMB41.4 billion ($5.7B). The company demonstrated improved profitability with non-GAAP operating margin rising to 3.8% from 3.3% in 2023. Free cash flow reached RMB43.7 billion for the year.The Board approved an annual cash dividend of $1.0 per ADS, with total payout expected at $1.5B. The company also completed its $3.0B share repurchase program and launched a new $5.0B buyback plan through August 2027. JD repurchased approximately 8.1% of outstanding shares in 2024.