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PDD Holdings Inc. (PDD)
NASDAQ: PDD · Real-Time Price · USD
84.00
-1.69 (-1.97%)
At close: Aug 31, 2026, 4:00 PM EDT
83.84
-0.16 (-0.19%)
Pre-market: Sep 1, 2026, 4:18 AM EDT

PDD Holdings Financials Overview

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Revenue
112,358106,229123,912108,277103,98595,672110,61099,35497,06086,81288,88168,84052,28137,63739,82035,50431,44023,79427,23121,506
Revenue Growth
8.05%11.03%12.03%8.98%7.13%10.21%24.45%44.33%85.65%130.66%123.21%93.89%66.29%58.18%46.23%65.09%36.42%7.34%2.57%51.34%
Gross Profit
64,34159,33668,75761,43658,12654,72562,81259,64563,36154,11753,80342,01033,59126,51230,89328,09023,47816,63420,71514,947
Operating Income
27,76419,56626,19825,02625,79316,08625,59224,29232,56525,97422,39516,65612,7196,9299,11410,4378,6972,1546,9072,139
Net Income
27,18212,54723,01929,32830,75314,74227,44724,98132,00927,99823,28015,53713,1088,1019,45410,5898,8962,5996,6201,640
Earnings Per Share
18.448.4815.4819.7220.769.9618.5216.9221.6018.9615.8510.609.005.566.517.366.241.844.661.16
EPS Growth
-11.18%-14.86%-16.43%16.55%-3.89%-47.47%16.86%59.62%140.00%241.01%143.34%44.02%44.23%202.17%39.66%534.48%271.43%---

Revenue by Segment
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Total Online Marketing Services & Others
57,63749,93660,01053,34855,70348,72257,01149,35149,11642,45648,67639,68837,93327,24431,02328,48225,22318,20222,50718,029
Transaction Services
54,72156,29363,90254,92948,28246,95053,59950,00347,94444,35640,20529,15314,34810,3938,7977,0226,2165,5914,7243,477
Revenue (Total)
112,358106,229123,912108,277103,98595,672110,61099,35497,06086,81288,88168,84052,28137,63739,82035,50431,44023,79427,23121.51

Cash & Debt
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash & Investments
456,414436,071422,308423,769387,131364,501331,560308,462284,927242,132217,210202,847179,509157,035149,439137,809119,38095,22192,94397,918
Total Debt
4,8445,1225,37910,67410,96311,25310,60710,2379,7659,48010,16619,75318,26916,97516,93417,01315,81514,92912,76012,461
Net Cash (Debt)
451,570430,949416,929413,096376,168353,248320,953298,225275,162232,652207,044183,093161,239140,060132,504120,797103,56580,29280,18385,457
Net Cash Growth
20.04%22.00%29.90%38.52%36.71%51.84%55.02%62.88%70.66%66.11%56.25%51.57%55.69%74.44%65.25%41.35%29.28%13.84%14.54%132.70%
Net Cash Per Share
306.46291.18280.44277.53253.83238.19216.67201.85185.74157.54140.77124.87110.5695.7691.2483.6572.4656.4656.4259.93

Cash Flow & CapEx
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Operating Cash Flow
25,67016,44524,12045,66121,64215,51729,54727,52243,79321,06736,89132,53823,3961,33826,55011,65219,374-9,06816,4008,737
Capital Expenditures
---1,145----967.14----583.88----635.72----3,287-
Free Cash Flow
25,67016,44522,97445,66121,64215,51728,58027,52243,79321,06736,30732,53823,3961,33825,91511,65219,374-9,06813,1138,737
Free Cash Flow Growth
18.61%5.98%-19.61%65.90%-50.58%-26.35%-21.28%-15.41%87.18%1474.50%40.10%179.25%20.76%-97.63%33.37%162.83%--12.02%4.98%

Margins
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Gross Margin
57.26%55.86%55.49%56.74%55.90%57.20%56.79%60.03%65.28%62.34%60.53%61.02%64.25%70.44%77.58%79.12%74.68%69.91%76.07%69.50%
Operating Margin
24.71%18.42%21.14%23.11%24.80%16.81%23.14%24.45%33.55%29.92%25.20%24.20%24.33%18.41%22.89%29.39%27.66%9.05%25.36%9.95%
Pretax Margin
29.61%15.68%25.39%30.77%34.21%20.09%29.41%29.37%39.07%38.09%30.22%27.67%31.11%25.77%26.42%34.15%33.25%13.30%28.27%11.60%
Profit Margin
24.19%11.81%18.58%27.09%29.58%15.41%24.81%25.14%32.98%32.25%26.19%22.57%25.07%21.52%23.74%29.82%28.30%10.93%24.31%7.63%
FCF Margin
22.85%15.48%18.54%42.17%20.81%16.22%25.84%27.70%45.12%24.27%40.85%47.27%44.75%3.55%65.08%32.82%61.62%-38.11%48.15%40.62%

Valuation
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
PE Ratio
8.0110.4611.5113.0610.8712.038.7412.1313.5813.9522.9620.5816.1517.8022.5519.6126.5024.0159.75-
Forward PE
6.908.539.5412.8911.669.728.5710.3410.7813.7322.9120.7616.8217.8221.2320.4828.7322.0148.08115.80
P/FCF Ratio
6.669.3810.6411.9911.4110.338.1310.2110.049.8414.7311.4310.6911.3114.8616.0516.28-18.2126.84
PS Ratio
1.642.262.613.192.602.962.503.533.933.765.574.794.034.575.454.775.043.344.947.85