Vipshop Q2 FY26 net income more than doubled to RMB 4.3 billion; revenue falls 4.26% to RMB 24.7 billion

• Vipshop posted Q2 2026 net income attributable to shareholders of RMB 4.31 billion, more than doubled year over year, lifted by a one-off gain.
• Net revenues fell 4.26% from a year earlier to RMB 24.71 billion, while income from operations slipped to RMB 1.52 billion.
• Non-GAAP net income attributable to shareholders sank to RMB 392.2 million from a year earlier due to a one-time withholding tax adjustment.
• GMV edged down to RMB 50.6 billion; active customers declined to 42.3 million and total orders dropped to 182.4 million.
• Guidance sees Q3 net revenues of RMB 20.3 billion to RMB 21.4 billion, implying a 5% to 0% year-over-year decrease.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vipshop Holdings Limited published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608250500PR_NEWS_USPR_____CN32969) on August 25, 2026, and is solely responsible for the information contained therein.