PDD Holdings (PDD) Financials: History & Chart

PDD Holdings Inc. (PDD)PDDPDD Holdings Inc.

Financials

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024	Quarter ended Jun 2024
Revenue	62.73B	15.30B	17.71B	15.21B	14.51B	13.18B	15.15B	14.15B	13.35B
Cost of Goods Sold	27.62B	6.76B	7.89B	6.58B	6.40B	5.64B	6.55B	5.66B	4.64B
Gross Profit	35.12B	8.55B	9.83B	8.63B	8.11B	7.54B	8.60B	8.50B	8.72B
Gross Profit Margin	56.0%	55.9%	55.5%	56.7%	55.9%	57.2%	56.8%	60.0%	65.3%
Total Operating Expenses	21.21B	5.50B	6.08B	5.11B	4.51B	5.32B	5.10B	5.04B	4.24B
Research & Development	2.46B	636.43M	714.07M	608.37M	501.16M	492.88M	517.32M	436.41M	400.19M
Selling, General & Administrative	18.75B	4.87B	5.37B	4.50B	4.01B	4.83B	4.58B	4.60B	3.84B
Operating Income (EBIT)	13.91B	3.05B	3.75B	3.51B	3.60B	2.22B	3.51B	3.46B	4.48B
Operating Margin	22.2%	19.9%	21.1%	23.1%	24.8%	16.8%	23.1%	24.5%	33.6%
Income Before Tax (EBT)	16.54B	2.40B	4.50B	4.68B	4.96B	2.65B	4.46B	4.16B	5.22B
Interest Income	3.48B	-91.04M	911.06M	1.20B	1.45B	30.74M	716.74M	771.57M	667.94M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Other Income/Expense	2.63B	-645.79M	753.06M	1.16B	1.36B	432.17M	950.12M	696.61M	737.24M
Net Income	13.51B	1.81B	3.29B	4.12B	4.29B	2.03B	3.76B	3.56B	4.40B
Income Tax Expense	3.03B	592.78M	1.21B	559.85M	667.30M	617.28M	696.14M	598.56M	813.61M
Net Profit Margin	21.5%	11.8%	18.6%	27.1%	29.6%	15.4%	24.8%	25.1%	33.0%
EBITDA	13.93B	3.05B	3.75B	3.51B	3.62B	2.24B	3.53B	3.49B	4.51B
EBITDA Margin	22.2%	19.9%	21.1%	23.1%	25.0%	17.0%	23.3%	24.6%	33.8%
Depreciation & Amortization	24.73M	0.00	0.00	0.00	24.73M	24.41M	24.27M	28.00M	27.04M
EPS Basic	9.80	1.29	2.50	2.94	3.07	1.46	2.71	2.57	3.18
EPS Diluted	9.25	1.22	2.36	2.77	2.90	1.37	2.54	2.41	2.97
Shares Outstanding	1.40B	1.40B	1.40B	1.40B	1.40B	1.39B	1.39B	1.39B	1.38B
Diluted Shares Outstanding	1.48B	1.48B	1.49B	1.49B	1.48B	1.48B	1.48B	1.48B	1.48B

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	61.74B	53.94B	34.88B	18.92B	14.79B	9.11B	4.33B	1.91B
Cost of Goods Sold	26.99B	21.08B	12.92B	4.56B	4.99B	2.95B	910.25M	422.42M
Gross Profit	34.75B	32.86B	21.96B	14.36B	9.79B	6.16B	3.42B	1.49B
Gross Profit Margin	56.3%	60.9%	63.0%	75.9%	66.2%	67.6%	79.0%	77.9%
Total Operating Expenses	21.44B	18.01B	13.69B	9.95B	8.71B	7.60B	4.64B	3.06B
Research & Development	2.36B	1.73B	1.54B	1.50B	1.42B	1.06B	555.78M	162.27M
Selling, General & Administrative	19.08B	16.28B	12.15B	8.45B	7.29B	6.54B	4.09B	2.89B
Operating Income (EBIT)	13.31B	14.85B	8.27B	4.41B	1.09B	-1.44B	-1.23B	-1.57B
Operating Margin	21.6%	27.5%	23.7%	23.3%	7.3%	-15.8%	-28.3%	-82.3%
Income Before Tax (EBT)	17.09B	18.17B	10.12B	5.25B	1.53B	-1.10B	-1.00B	-1.49B
Interest Income	3.66B	2.82B	1.44B	579.22M	481.84M	376.16M	221.41M	85.05M
Interest Expense	N/A	N/A	6.20M	7.49M	193.74M	116.02M	20.95M	N/A
Other Income/Expense	3.78B	3.33B	1.86B	849.43M	441.53M	337.13M	225.54M	84.71M
Net Income	13.99B	15.40B	8.45B	4.57B	1.22B	-1.10B	-1.00B	-1.49B
Income Tax Expense	3.11B	2.78B	1.67B	684.80M	304.31M	0.00	0.00	0.00
Net Profit Margin	22.7%	28.5%	24.2%	24.2%	8.3%	-12.1%	-23.1%	-77.9%
EBITDA	13.74B	14.95B	8.38B	4.73B	1.32B	-1.34B	-1.13B	-1.50B
EBITDA Margin	22.3%	27.7%	24.0%	25.0%	8.9%	-14.7%	-26.2%	-78.5%
Depreciation & Amortization	428.93M	97.07M	110.74M	322.30M	235.34M	99.81M	91.59M	72.26M
EPS Basic	9.89	11.13	6.24	3.62	0.98	-0.93	-0.87	-2.02
EPS Diluted	9.33	10.41	5.79	3.18	0.86	-0.93	-0.87	-2.02
Shares Outstanding	1.40B	1.38B	1.35B	1.26B	1.25B	1.19B	1.15B	741.90M
Diluted Shares Outstanding	1.48B	1.48B	1.46B	1.44B	1.43B	1.19B	1.16B	742.08M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.