eBay vs Vipshop Holdings
Vipshop Holdings is the larger business, with $14.74bn of revenue in fiscal 2025 against $11.10bn for eBay (1.3 times as much). eBay grew faster (7.9% against -2.2%). eBay kept more of each dollar of sales as profit: a net margin of 18.3% against 6.8%. Vipshop Holdings carries less debt relative to equity (15.6% against 151.1%).
| Latest fiscal year | eBayEBAY, 2025 | Vipshop HoldingsVIPS, 2025 |
|---|---|---|
| Revenue | $11.10bn | $14.74bn |
| Revenue growth | 7.9% | -2.2% |
| Net income | $2.03bn | $1.01bn |
| Operating margin | 20.5% | 7.7% |
| Net margin | 18.3% | 6.8% |
| Return on equity | 42.1% | 17.8% |
| Free cash flow | $1.43bn | $761m |
| Cash | $1.87bn | $3.29bn |
| Total debt | $6.78bn | $914m |
| Debt to equity | 151.1% | 15.6% |
| Dividend per share | — | — |
| Dividend yield | 1.0% | 3.7% |
| Share buybacks | $2.50bn | $687m |
| Employees | 12,300 | — |
| Market value | $52.27bn | $6.71bn |
| Price vs our value range | Above our value range | Below our value range |
| Moat score | 87 (Strong) | — |
| Insider trades, 12 months | 0 buys, 108 sales | 0 buys, 10 sales |