NASDAQ · Internet Retail · USD

D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) Stock Analysis

D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) is a Internet Retail stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

HEPS

$2.75

$0.00 (0.00%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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HEPS Key Statistics

As of Oct 21, 2026

Trading

Open: $2.75
Previous Close: $2.75
Day's Range: 2.72–2.75
52-Week Range: 2.15–3.33
Volume: 30.09K
Beta: 2.08

Valuation

Market Cap: $1.18B
P/E Ratio: unprofitable
Forward P/E: 0.64
EPS (ttm): −0.48

Financials (FY)

Revenue (FY): $84.65B+13.37%
Net Income (FY): −$5.70B
Profit margin: −8.00%
Shares Outstanding: 388.65M
1-Year Return: +3.38%

Dividend and dates

Earnings Date: November 11, 2026estimated
Avg Volume: 309.84K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, HEPS closed at $2.75, +3.38% over 1 year.

D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) has a market capitalization of $1.18B.

In fiscal 2025, HEPS reported revenue of $84.65B.

HEPS Stock Return by Calendar Year

D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) return since Jul 2021: what $10,000 became

1 year: $10,000 $10,338; +3.38%
5 years: $10,000 $5,371; −46.29%
Since Jul 2021: $10,000 $2,048; −79.52%

If you had invested $10,000 in D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) at the close on July 1, 2021, the earliest close on record here, it would have been worth $2,048 at the close on October 21, 2026: −79.52% in total, −25.84% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−85.78%−65.45%+172.73%+68.33%−18.15%+10.89%

2021*20222023202420252026*

Year	Return
2026 (partial year)	+10.89%
2025	−18.15%
2024	+68.33%
2023	+172.73%
2022	−65.45%
2021 (partial year)	−85.78%

As of October 21, 2026.

HEPS Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	$84.65B	−$5.70B	−6.7%
2024	$74.67B	−$2.10B	−2.8%
2023	$67.20B	$142.74M	0.2%
2022	$38.23B	−$6.92B	−18.1%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	$84.65B	$30.67B	−$901.62M	−$5.70B	−6.7%
2024	$74.67B	$28.00B	$566.71M	−$2.10B	−2.8%
2023	$67.20B	$20.35B	−$1.21B	$142.74M	0.2%
2022	$38.23B	$8.31B	−$6.53B	−$6.92B	−18.1%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

HEPS Valuation vs Internet Retail Median

Median of 41 stocks

Metric	HEPS	Internet Retail median	vs median
Profit margin	−8.00%	0.68%	8.7 pts below

Medians across 41 Internet Retail stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) is capitalised at $1.18B on the latest close. The company sits in the Consumer Cyclical sector, in the Internet Retail industry. Headcount on file is 3,611.

The most recent close on file for HEPS is $2.75, dated October 21, 2026. The close was unchanged from the previous session. Over the past 52 weeks the price has ranged from $2.15 to $3.33. The latest close sits 27.91% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $84.65B. Against the prior fiscal year total of $74.67B, that is a change of +13.37%. The same year closed with a net loss of $5.70B. Profit margin runs at −8%. That is 8.7 percentage points below the Internet Retail median of 0.68%. Trailing earnings per share are −0.48.

Across the 4 fiscal years on file, revenue moves from $38.23B in 2022 to $84.65B in 2025. Of those 4 years, 1 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. The forward P/E on file is 0.64.

The trailing one-year total return is +3.38%. Across 5 years the annualized return works out at −11.69%. The reported beta is 2.08. Annualized volatility over the trailing 5 years is 71.45%.

Growth & Income

The record shows no dividend for HEPS.

So far in 2026 the total return is +10.89%. The strongest complete calendar year on file is 2023 at +172.73%; the weakest is 2022 at −65.45%. Of the 4 complete calendar years on file, 2 finished higher.

Peer Comparison

D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) operates in the Internet Retail industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
D-Market Elektronik Hizmetler ve Ticaret A.S.	HEPS	$1.18B	—
Amazon.com, Inc.	AMZN	$2.83T	21.1
Alibaba Group Holding Limited	BABA	$270.19B	26.3
PDD Holdings Inc.	PDD	$112.05B	8.9

The Internet Retail industry average P/E ratio is 25.9x. D-Market Elektronik Hizmetler ve Ticaret A.S. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About D-Market Elektronik Hizmetler ve Ticaret A.S.

D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates a retail website that provides electronics and non-electronics products, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc. It also operates HepsiJet that provides last-mile delivery services; HepsiLojistik, which offers fulfillment services; HepsiMat, an offline network of pick-up and drop-off point; HepsiAd that provides advertising service; and Hepsipay and Hepsifinans, which offers e-wallet, e-money, payment facilitation services, and consumer lending. The company was incorporated in 2000 and is headquartered in Istanbul, Turkey. D-Market Elektronik Hizmetler ve Ticaret A.S. is a subsidiary of Joint Stock Company Kaspi.kz.

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