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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 Income Statement

Millions CNY. Fiscal year is Jan - Dec.
Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '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 (YoY)
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%
Cost of Revenue
48,01746,89355,15646,84045,85940,94747,79839,70933,69832,69535,07826,83018,69011,1258,9277,4147,9627,1606,5166,559
Gross Profit
64,34159,33668,75761,43658,12654,72562,81259,64563,36154,11753,80342,01033,59126,51230,89328,09023,47816,63420,71514,947
Selling, General & Admin
32,01035,35240,29532,07828,74235,06235,65732,28927,88825,23429,92222,50718,13817,07620,10514,95512,16911,81112,31310,385
Research & Development
4,5674,4182,2644,3323,5913,5781,5633,0632,9092,9101,4862,8472,7342,5071,6752,6982,6112,6691,4962,422
Operating Expenses
36,57739,77042,55936,41032,33338,64037,22035,35330,79728,14431,40825,35420,87219,58321,78017,65414,78114,48013,80812,808
Operating Income
27,76419,56626,19825,02625,79316,08625,59224,29232,56525,97422,39516,65612,7196,9299,11410,4378,6972,1546,9072,139
Interest Expense
--632---------8.16-12.21-11.94-11.69-12.22-13.65-13.15-12.64-303.12-298.43
Interest & Investment Income
13,505-6,3738,56510,423223.135,2335,4164,8565,0494,3592,1272,2881,4641,3521,092756.99796.26914.64631.91
Earnings From Equity Investments
-38-96159.837.2937.1-105.18116.732.51-49.58-52.43-15.07-105.819.78106.39-78.9110.73-53.49-33.6216.6885.01
Currency Exchange Gain (Loss)
-558-145-659.93-265.2-799.35-242.14860.53-547.3460.17214.52-198.8294.86155.72-16.04-23.8253.37-199.3520.0848.11-10.43
Other Non Operating Income (Expenses)
-7,399-2,031-605.08-48.38119.113,261726.7418.61493.261,881328.2290.381,1061,228168.83546.531,266239.77115.09-52.61
EBT Excluding Unusual Items
33,27416,66231,46533,31535,57219,22332,52929,18237,92433,06626,86119,05116,2679,69910,51912,12610,4543,1647,6982,495
Pretax Income
33,27416,66231,46533,31535,57219,22332,52929,18237,92433,06626,86119,05116,2679,69910,51912,12610,4543,1647,6982,495
Income Tax Expense
6,0924,1158,4463,9874,8194,4815,0834,2025,9155,0683,5803,5133,1581,5981,0661,5371,558564.811,079854.77
Net Income
27,18212,54723,01929,32830,75314,74227,44724,98132,00927,99823,28015,53713,1088,1019,45410,5898,8962,5996,6201,640
Net Income to Common
27,18212,54723,01929,32830,75314,74227,44724,98132,00927,99823,28015,53713,1088,1019,45410,5898,8962,5996,6201,640
Net Income Growth (YoY)
-11.61%-14.89%-16.13%17.40%-3.92%-47.35%17.90%60.78%144.19%245.61%146.26%46.73%47.34%211.64%42.81%545.66%268.44%---
Shares Outstanding (Basic)
1,4071,4041,4031,3991,3971,3921,3891,3861,3831,3771,3701,3661,3601,3211,2751,2631,2611,2591,2581,255
Shares Outstanding (Diluted)
1,4741,4801,4871,4881,4821,4831,4811,4771,4811,4771,4711,4661,4581,4631,4521,4441,4291,4221,4211,426
Shares Change (YoY)
-0.57%-0.21%0.36%0.74%0.04%0.43%0.72%0.76%1.58%0.97%1.27%1.54%2.04%2.85%2.19%1.26%-0.04%14.14%17.10%19.17%
EPS (Basic)
19.328.9416.4120.9622.0110.5919.7618.0223.1420.3317.0011.389.646.137.428.387.062.065.261.31
EPS (Diluted)
18.448.4815.4819.7220.769.9618.5216.9221.6018.9615.8510.609.005.566.517.366.241.844.661.16
EPS Growth (YoY)
-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%---

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '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
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 Per Share
17.4211.1115.4530.6814.6010.4619.2918.6329.5614.2724.6922.1916.040.9217.848.0713.55-6.389.236.13
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%
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%
Free Cash Flow 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%
EBITDA
27,91419,71626,34825,20325,97016,26325,76924,48932,76126,17022,59217,21213,2757,4859,67010,8109,0712,5287,2812,302
EBITDA Margin
24.84%18.56%21.26%23.28%24.98%17.00%23.30%24.65%33.75%30.15%25.42%25.00%25.39%19.89%24.28%30.45%28.85%10.63%26.74%10.71%
D&A For EBITDA
150.37150.37150.37177.19177.19177.19177.19196.56196.56196.56196.56556.04556.04556.04556.04373.85373.85373.85373.85162.88
EBIT
27,76419,56626,19825,02625,79316,08625,59224,29232,56525,97422,39516,65612,7196,9299,11410,4378,6972,1546,9072,139
EBIT 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%
Effective Tax Rate
18.31%24.70%26.84%11.97%13.55%23.31%15.63%14.40%15.60%15.33%13.33%18.44%19.42%16.47%10.13%12.68%14.90%17.85%14.01%34.26%
SEC Filings: 10-K · 10-Q