EBITDA Margin: 19.91%
Is the EBITDA margin high or low?
The EBITDA margin of 19.91% is in line with its 5-year average of 20.80%, near the high end of its 5-year range (-17.97%–33.75%).
As of Friday, June 26, 2026. 6.23% below its 12-month average of 21.23%.
PDD EBITDA Margin
Reported quarterly EBITDA margin; no daily interpolation.
PDD Average EBITDA Margin Chart
PDD Current vs Average EBITDA Margin Chart
PDD EBITDA Margin Metrics
EBITDA MARGIN
19.91%
EBITDA MARGIN AVG TTM
21.23%
EBITDA MARGIN AVG 3Y
23.33%
EBITDA MARGIN AVG 5Y
24.39%
EBITDA MARGIN AVG 10Y
N/A
EBITDA MARGIN AVG 15Y
N/A
EBITDA MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-6.23%
CURRENT VS 3Y AVG
-14.67%
CURRENT VS 5Y AVG
-18.39%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
PDD Competitors' EBITDA Margin
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| PDD Holdings Inc. (PDD) | $108.61B | 19.91% | 21.23% | 23.33% | 24.39% |
| Marriott International, Inc. (MAR)vs › | $99.49B | 16.95% | 16.96% | 17.66% | 15.12% |
| Starbucks Corporation (SBUX)vs › | $119.00B | 14.16% | 16.76% | 18.23% | 17.99% |
| Lowe's Companies, Inc. (LOW)vs › | $124.71B | 14.02% | 14.23% | 14.92% | 14.89% |
| Airbnb, Inc. (ABNB)vs › | $87.29B | 20.78% | 22.18% | 20.63% | -1.76% |
| Royal Caribbean Cruises Ltd. (RCL)vs › | $85.32B | 36.36% | 35.48% | 27.35% | -34.87% |
| MercadoLibre, Inc. (MELI)vs › | $84.92B | 13.06% | 14.35% | 15.11% | 12.57% |
| BYD Company Limited (BYDDY)vs › | $84.85B | 13.00% | 13.93% | 12.81% | 12.07% |
| Hilton Worldwide Holdings Inc. (HLT)vs › | $77.29B | 23.84% | 23.18% | 23.82% | 18.99% |
| Booking Holdings Inc. (BKNG)vs › | $141.41B | 37.34% | 36.17% | 34.04% | 27.43% |
Margin Comparison
Gross Margin
56.0%
EBITDA Margin
19.9%
Operating Margin
22.2%
Net Margin
21.5%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
- Removes effects of depreciation policies (D&A)
- Capital structure neutral (ignores interest)
- Tax neutral (ignores tax differences)
- Good proxy for operating cash generation
EBITDA Margin Formula & Definition
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
EBITDA Margin FAQ
- What is the EBITDA margin for PDD Holdings Inc. (PDD)?
- The EBITDA margin for PDD stock is 19.91%.
- Is PDD Holdings Inc.'s EBITDA margin high or low?
- The EBITDA margin of 19.91% is in line with its 5-year average of 20.80%, near the high end of its 5-year range (-17.97%–33.75%).
- What is the TTM average EBITDA margin for PDD Holdings Inc. (PDD)?
- The TTM average EBITDA margin for PDD stock is 21.23%.
- What is the 3Y average EBITDA margin for PDD Holdings Inc. (PDD)?
- The 3Y average EBITDA margin for PDD stock is 23.33%.
- What is the 5Y average EBITDA margin for PDD Holdings Inc. (PDD)?
- The 5Y average EBITDA margin for PDD stock is 24.39%.
PDD EBITDA Margin History
| DATE | EBITDA MARGIN |
|---|---|
| 2026-03-31 | 19.91% |
| 2025-12-31 | 21.14% |
| 2025-09-30 | 23.11% |
| 2025-06-30 | 24.97% |
| 2025-03-31 | 17.00% |
| 2024-12-31 | 23.30% |
| 2024-09-30 | 24.65% |
| 2024-06-30 | 33.75% |
| 2024-03-31 | 30.15% |
| 2023-12-31 | 25.42% |
| 2023-09-30 | 25.00% |
| 2023-06-30 | 25.39% |
| 2023-03-31 | 19.89% |
| 2022-12-31 | 24.28% |
| 2022-09-30 | 30.45% |
| 2022-06-30 | 28.85% |
| 2022-03-31 | 10.63% |
| 2021-12-31 | 26.74% |
| 2021-09-30 | 10.70% |
| 2021-06-30 | 9.37% |
| 2021-03-31 | -17.97% |
| 2020-12-31 | -7.10% |
| 2020-09-30 | -8.00% |
| 2020-06-30 | -12.14% |
| 2020-03-31 | -64.79% |
| 2019-12-31 | -18.31% |
| 2019-09-30 | -35.50% |
| 2019-06-30 | -18.32% |
| 2019-03-31 | -43.92% |
| 2018-12-31 | -43.93% |
| 2018-09-30 | -34.29% |
| 2018-06-30 | -241.53% |
| 2018-03-31 | -15.09% |
| 2017-12-31 | -1.87% |
| 2017-09-30 | -55.28% |
| 2017-06-30 | -116.80% |
| 2017-03-31 | -581.76% |
Related Metrics
About PDD Holdings Inc.
PDD Holdings, Inc. is a multinational commerce group that owns and operates a portfolio of businesses. The company aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from increased productivity and new opportunities. It has built a network of sourcing, logistics, and fulfillment capabilities, that support its underlying businesses. PDD Holdings was founded by Hua Lin Cai and Zheng Huang in 2015 and is headquartered in Dublin, Ireland.
- Sector
- Consumer Cyclical
- Industry
- Department Stores
- CEO
- Lei Chen