China's e-commerce giant JD.com, Inc. (NASDAQ:JD) reported fiscal first-quarter 2026 results on Tuesday, posting revenue and earnings that topped Wall Street estimates despite rising costs and margin pressure.

The company reported first-quarter revenue of $45.77 billion, up 4.9% year over year and above the analyst consensus estimate of $45.57 billion.

Adjusted net income per ADS came in at 74 cents, beating analyst estimates of 50 cents.

A Wall Street Journal report said JD.com returned to profit in the first quarter with results that beat expectations, helped by improving performance in its food-delivery business.

The report noted the company had faced pressure after entering China's competitive food-delivery market in 2025, triggering heavy spending and price competition with rivals including Meituan (OTC:MPNGY) and Alibaba Group Holding Ltd. (NYSE:BABA).

Net product revenue increased 1% year over year to $35.49 billion, while net service revenue climbed 20.6% to $10.28 billion.

By segment, JD Retail revenue rose 1.8% to $38.94 billion. Logistics revenue increased 29% to $8.78 billion, ...