PDD Holdings Inc. (BCBA:PDD)
5,255.00
+5.00 (0.10%)
Last updated: Jul 24, 2026, 3:29 PM BRT
PDD Holdings Financials Overview
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Revenue Revenue Growth | 442,403 | 431,846 | 393,836 | 247,639 | 130,558 | 93,950 |
Revenue Growth | 9.86% | 9.65% | 59.04% | 89.68% | 38.96% | 57.92% |
Gross Profit Gross Profit Growth | 247,655 | 243,044 | 239,936 | 155,916 | 99,095 | 62,232 |
Operating Income Operating Income Growth | 98,104 | 93,102 | 108,423 | 58,699 | 30,402 | 6,897 |
Net Income Net Income Growth | 97,170 | 97,843 | 112,435 | 60,027 | 31,538 | 7,769 |
Earnings Per Share EPS Growth | 65.48 | 66.00 | 76.00 | 41.16 | 21.92 | 5.44 |
EPS Growth | -2.27% | -13.16% | 84.65% | 87.77% | 302.94% | - |
Revenue by Segment
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Total Online Marketing Services & Others Total Online Marketing Services & Others Growth | 218,997 | 217,783 | 197,934 | 153,541 | 102,931 | 79,809 |
Transaction Services Transaction Services Growth | 223,406 | 214,063 | 195,902 | 94,099 | 27,626 | 14,140 |
Revenue (Total) Revenue (Total) Growth | 442,403 | 431,846 | 393,836 | 247,639 | 130,558 | 93,950 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Investments Cash & Investments Growth | 436,071 | 422,308 | 331,560 | 217,210 | 149,439 | 92,943 |
Total Debt Total Debt Growth | 5,122 | 5,379 | 10,607 | 10,166 | 16,934 | 12,760 |
Net Cash (Debt) Net Cash Growth | 430,949 | 416,929 | 320,953 | 207,044 | 132,504 | 80,183 |
Net Cash Growth | 22.00% | 29.90% | 55.02% | 56.25% | 65.25% | 14.54% |
Net Cash Per Share Net Cash Per Share Growth | 290.34 | 281.25 | 216.98 | 141.82 | 92.00 | 56.13 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Cash Flow Operating Cash Flow Growth | 107,867 | 106,939 | 121,929 | 94,163 | 48,508 | 28,783 |
Capital Expenditures CapEx Growth | - | -1,145 | -967.14 | -583.88 | -635.72 | -3,287 |
Free Cash Flow Free Cash Flow Growth | 107,867 | 105,794 | 120,962 | 93,579 | 47,872 | 25,496 |
Free Cash Flow Growth | -7.31% | -12.54% | 29.26% | 95.48% | 87.77% | -9.44% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Gross Margin | 55.98% | 56.28% | 60.92% | 62.96% | 75.90% | 66.24% |
Operating Margin | 22.18% | 21.56% | 27.53% | 23.70% | 23.29% | 7.34% |
Pretax Margin | 26.91% | 27.66% | 33.69% | 29.03% | 27.89% | 10.06% |
Profit Margin | 21.91% | 22.63% | 28.54% | 24.24% | 24.28% | 8.01% |
FCF Margin | 24.38% | 24.50% | 30.71% | 37.79% | 36.67% | 27.14% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jul '26 Jul 25, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
PE Ratio | 9.21 | 12.02 | 9.32 | 25.16 | 25.66 | 68.12 |
Forward PE | 7.01 | 9.54 | 8.57 | 22.91 | 21.23 | 48.08 |
P/FCF Ratio | 8.25 | 10.67 | 8.15 | 15.23 | 15.51 | 18.38 |
PS Ratio | 1.99 | 2.61 | 2.50 | 5.75 | 5.69 | 4.99 |