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PDD Holdings Inc. (PDD)
NASDAQ: PDD · Real-Time Price · USD
104.94
+2.99 (2.93%)
At close: Feb 20, 2026, 4:00 PM EST
105.57
+0.63 (0.60%)
After-hours: Feb 20, 2026, 7:59 PM EST

PDD Holdings Revenue by Segment

Period EndingSep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018
Online Marketplace Services and Other
31.09B30.51B29.56B28.65B27.44B26.04B24.43B22.22B
Online Marketplace Services and Other Growth
13.28%17.15%21.01%28.91%39.53%44.38%50.85%49.39%
Transaction Services
29.49B28.78B28.73B28.36B26.42B23.40B18.54B13.62B
Transaction Services Growth
11.64%23.00%55.00%108.19%191.13%298.57%294.91%240.61%
Merchandise Sales
-----------30.28M33.67M37.40M313.49M1.05B1.81B-----------
Merchandise Sales Growth
------------97.11%-98.14%---------------

Operating Expense Breakdown

Period EndingSep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018
Sales and Marketing
17.70B17.72B17.56B16.11B15.43B14.16B12.93B11.90B
Sales and Marketing Growth
14.74%25.15%35.77%35.42%45.44%49.20%50.44%51.24%
Research and Development
2.21B2.03B1.93B1.83B1.70B1.67B1.64B1.59B
Research and Development Growth
30.07%21.50%17.37%15.59%11.93%11.46%11.08%5.47%
General and Administrative
1.02B1.03B1.07B1.09B1.07B915.53M735.68M589.92M
General and Administrative Growth
-4.62%11.96%45.37%85.32%93.44%59.75%21.33%2.79%
Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.