PDD Holdings Inc. (PDD)

PDD Holdings Revenue by Segment

Period Ending	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Online Marketplace Services and Other	29.60B	28.67B	27.79B	26.62B	25.27B	23.70B	21.56B	19.08B
Online Marketplace Services and Other Growth	17.15%	21.01%	28.91%	39.53%	44.38%	50.85%	49.39%	44.28%
Transaction Services	27.92B	27.87B	27.51B	25.63B	22.70B	17.98B	13.21B	8.80B
Transaction Services Growth	23.00%	55.00%	108.19%	191.13%	298.57%	294.91%	240.61%	166.15%
Merchandise Sales	-	-	-	-	-	-	-	-	-	-	29.37M	32.67M	36.28M	304.12M	1.02B	1.76B	-	-	-	-	-	-	-	-	-	-	-
Merchandise Sales Growth	-	-	-	-	-	-	-	-	-	-	-97.11%	-98.14%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Operating Expense Breakdown

Period Ending	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Sales and Marketing	17.19B	17.03B	15.63B	14.97B	13.74B	12.55B	11.54B	10.29B
Sales and Marketing Growth	25.15%	35.77%	35.42%	45.44%	49.20%	50.44%	51.24%	52.75%
Research and Development	1.97B	1.87B	1.78B	1.65B	1.62B	1.59B	1.54B	1.47B
Research and Development Growth	21.50%	17.37%	15.59%	11.93%	11.46%	11.08%	5.47%	4.94%
General and Administrative	994.41M	1.04B	1.06B	1.04B	888.18M	713.70M	572.29M	535.18M
General and Administrative Growth	11.96%	45.37%	85.32%	93.44%	59.75%	21.33%	2.79%	38.88%

Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.