PDD
PDD Holdings Inc.
Stock
$75.38−1.12 (−1.46%)Close Oct 2, 2026
Income statement
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥431.8B | CN¥393.8B | CN¥247.6B | CN¥130.6B | CN¥93.9B | CN¥59.5B | CN¥30.1B | CN¥13.1B | CN¥1.7B | CN¥505M |
| Cost of revenue | — | — | — | CN¥31.5B | CN¥31.7B | CN¥19.3B | CN¥6.3B | CN¥2.9B | CN¥723M | CN¥578M |
| Gross profit | — | — | — | CN¥99.1B | CN¥62.2B | CN¥40.2B | CN¥23.8B | CN¥10.2B | CN¥1.0B | −CN¥73M |
| R&D | CN¥16.5B | CN¥12.7B | CN¥11.0B | CN¥10.4B | CN¥9.0B | CN¥6.9B | CN¥3.9B | CN¥1.1B | CN¥129M | CN¥29M |
| SG&A | CN¥133.4B | CN¥118.9B | CN¥86.3B | CN¥58.3B | CN¥46.3B | CN¥42.7B | CN¥28.5B | CN¥19.9B | CN¥1.5B | CN¥184M |
| Other operating expenses | — | — | — | — | — | — | — | — | CN¥10M | — |
| Operating income | CN¥93.1B | CN¥108.4B | CN¥58.7B | CN¥30.4B | CN¥6.9B | −CN¥9.4B | −CN¥8.5B | −CN¥10.8B | −CN¥596M | −CN¥286M |
| Non-operating income | CN¥26.5B | CN¥24.3B | CN¥13.2B | CN¥5.9B | CN¥2.8B | CN¥2.2B | CN¥1.6B | CN¥583M | CN¥71M | −CN¥5.8M |
| Pretax income | CN¥119.6B | CN¥132.7B | CN¥71.9B | CN¥36.3B | CN¥9.7B | −CN¥7.2B | −CN¥7.0B | −CN¥10.2B | −CN¥525M | −CN¥292M |
| Taxes | CN¥21.7B | CN¥20.3B | CN¥11.8B | CN¥4.7B | CN¥1.9B | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 |
| Net income | CN¥97.8B | CN¥112.4B | CN¥60.0B | CN¥31.5B | CN¥7.8B | −CN¥7.2B | −CN¥7.0B | −CN¥10.2B | −CN¥525M | −CN¥292M |
| Diluted EPS | CN¥16.50 | CN¥19.00 | CN¥10.29 | CN¥5.48 | CN¥1.36 | −CN¥1.51 | −CN¥1.51 | −CN¥3.47 | −CN¥0.28 | −CN¥0.18 |
| Diluted shares | 5.93B | 5.92B | 5.84B | 5.76B | 5.71B | 4.77B | 4.63B | 2.97B | 1.76B | 1.82B |
| Revenue growth | +9.7% | +59.0% | +89.7% | +39.0% | +57.9% | +97.4% | +129.7% | +652.3% | +245.5% | — |
| Gross margin | — | — | — | 75.9% | 66.2% | 67.6% | 79.0% | 77.9% | 58.6% | −14.5% |
| Operating margin | 21.6% | 27.5% | 23.7% | 23.3% | 7.3% | −15.8% | −28.3% | −82.3% | −34.2% | −56.7% |
| Net margin | 22.7% | 28.5% | 24.2% | 24.2% | 8.3% | −12.1% | −23.1% | −77.9% | −30.1% | −57.8% |