The results of the dredging can be seen in satellite pictures from between August 8 and November 14.
"The land reclamation at Fiery Cross is the fourth such project undertaken by China in the Spratly Islands in the last 12-18 months and by far the largest," the report said.
Before the latest dredging work, the Chinese navy had used a concrete platform and no artificial island had been created.
China has already built islands at Johnson South Reef, Cuarteron Reef and Gaven Reefs.
Beijing claims nearly all of the resource-rich South China Sea, and Brunei, Malaysia, the Philippines, Taiwan and Vietnam have asserted claims by building structures on reefs or occupying islands.
The other Southeast Asian countries already had airfields in the area and China's latest efforts could put it in a stronger position as Beijing pursues its claims.
IHS Jane's said the move appeared aimed to provide China a stronger negotiating position should talks take place over the dispute.
- AAP