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Side-by-side financial comparison of Sea Ltd (SE) and Vipshop Holdings Ltd (VIPS), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

Sea Limited is a tech conglomerate headquartered in Singapore. It is listed on the New York Stock Exchange, with revenue of US$16.8 billion (2024). Sea currently functions as a holding company for Garena, Monee and Shopee, the largest e-commerce platform in Southeast Asia.

Vipshop is a Chinese company that operates the e-commerce website VIP.com specializing in online discount sales. Vipshop is based out of Guangzhou, Guangdong, China, and was listed on New York Stock Exchange (NYSE) on March 23, 2012.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue
SE
SE
VIPS
VIPS
Q4 25
$6.9B
Q3 25
$6.0B
Q2 25
$5.3B
Q1 25
$4.8B
Q4 24
$16.8B
Q2 24
$7.5B
Q1 24
$3.7B
Q3 23
$9.4B
Net Profit
SE
SE
VIPS
VIPS
Q4 25
$829.5M
Q3 25
$375.0M
Q2 25
$414.2M
Q1 25
$-7.8M
Q4 24
$-3.5M
Q2 24
$56.9M
Q1 24
$-23.0M
Q3 23
$-13.8M
Gross Margin
SE
SE
VIPS
VIPS
Q4 25
43.8%
Q3 25
43.4%
Q2 25
45.8%
Q1 25
46.2%
Q4 24
42.8%
Q2 24
41.6%
Q1 24
41.6%
Q3 23
45.6%
Operating Margin
SE
SE
VIPS
VIPS
Q4 25
8.2%
Q3 25
8.0%
Q2 25
9.3%
Q1 25
9.4%
Q4 24
Q2 24
2.0%
Q1 24
1.9%
Q3 23
Net Margin
SE
SE
VIPS
VIPS
Q4 25
12.1%
Q3 25
6.3%
Q2 25
7.9%
Q1 25
-0.2%
Q4 24
-0.0%
Q2 24
0.8%
Q1 24
-0.6%
Q3 23
-0.1%

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.

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