PDD Holdings Inc. (PDD)
NASDAQ: PDD · Real-Time Price · USD
84.44
+1.41 (1.70%)
At close: May 29, 2026, 4:00 PM EDT
84.76
+0.32 (0.38%)
After-hours: May 29, 2026, 7:59 PM EDT
PDD Holdings Income Statement
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 |
| 232,399 | 431,846 | 393,836 | 247,639 | 130,558 | 93,950 | |
Revenue Growth (YoY) | 10.58% | 9.65% | 59.04% | 89.68% | 38.97% | 57.92% |
Cost of Revenue | 102,088 | 188,802 | 153,900 | 91,724 | 31,462 | 31,718 |
Gross Profit | 130,310 | 243,044 | 239,936 | 155,916 | 99,095 | 62,232 |
Selling, General & Admin | 68,184 | 133,446 | 118,854 | 86,265 | 58,309 | 46,343 |
Research & Development | 9,335 | 16,496 | 12,659 | 10,952 | 10,385 | 8,993 |
Total Operating Expenses | 77,519 | 149,942 | 131,513 | 97,217 | 68,693 | 55,335 |
Operating Income | 52,791 | 93,102 | 108,423 | 58,699 | 30,402 | 6,897 |
Interest Income | 14,949 | 25,584 | 20,554 | 10,238 | 3,997 | 3,062 |
Interest Expense | - | - | - | -43.99 | -51.66 | -1,231 |
Other Non-Operating Income (Expense) | -1,581 | 760.31 | 3,708 | 2,988 | 2,072 | 728.01 |
Total Non-Operating Income (Expense) | 13,367 | 26,344 | 24,261 | 13,182 | 6,017 | 2,559 |
Pretax Income | 66,158 | 119,446 | 132,684 | 71,881 | 36,419 | 9,455 |
Provision for Income Taxes | 17,252 | 21,733 | 20,267 | 11,850 | 4,726 | 1,934 |
Net Income | 53,913 | 97,843 | 112,435 | 60,027 | 31,538 | 7,769 |
Minority Interest in Earnings | -234.19 | -129.01 | -17.23 | 4.71 | 155.29 | -246.83 |
Net Income to Common | 53,913 | 97,843 | 112,435 | 60,027 | 31,538 | 7,769 |
Net Income Growth | 2.74% | -12.98% | 87.31% | 90.33% | 305.96% | - |
Shares Outstanding (Basic) | 1,401 | 1,398 | 1,384 | 1,354 | 1,264 | 1,253 |
Shares Outstanding (Diluted) | 1,484 | 1,482 | 1,479 | 1,460 | 1,440 | 1,428 |
Shares Change (YoY) | 0.23% | 0.22% | 1.32% | 1.36% | 0.83% | 19.83% |
EPS (Basic) | 69.36 | 70.00 | 81.24 | 44.32 | 24.96 | 6.20 |
EPS (Diluted) | 65.48 | 66.00 | 76.00 | 41.16 | 21.92 | 5.44 |
EPS Growth | -2.27% | -13.16% | 84.65% | 87.77% | 302.94% | - |
Shares Outstanding | 1,423 | 1,423 | 1,392 | 1,376 | 1,320 | 1,264 |
Free Cash Flow | 107,867 | 105,794 | 120,962 | 93,579 | 47,872 | 25,496 |
Free Cash Flow Growth | 1.96% | -12.54% | 29.26% | 95.48% | 87.77% | -9.44% |
Free Cash Flow Per Share | 72.67 | 71.37 | 81.78 | 64.10 | 33.24 | 17.85 |
Gross Margin | 56.07% | 56.28% | 60.92% | 62.96% | 75.90% | 66.24% |
Operating Margin | 22.72% | 21.56% | 27.53% | 23.70% | 23.29% | 7.34% |
Profit Margin | 23.10% | 22.63% | 28.54% | 24.24% | 24.28% | 8.01% |
FCF Margin | 46.41% | 24.50% | 30.71% | 37.79% | 36.67% | 27.14% |
EBITDA | 52,791 | 96,103 | 111,064 | 60,587 | 33,137 | 8,741 |
EBITDA Margin | 22.72% | 22.25% | 28.20% | 24.47% | 25.38% | 9.30% |
EBIT | 52,791 | 93,102 | 108,423 | 58,699 | 30,402 | 6,897 |
EBIT Margin | 22.72% | 21.56% | 27.53% | 23.70% | 23.29% | 7.34% |
Effective Tax Rate | 26.08% | 18.19% | 15.27% | 16.49% | 12.98% | 20.45% |