Gross Margin: 55.86%
Is the gross margin high or low?
The gross margin of 55.86% is 13% below its 5-year average of 64.09%, near the low end of its 5-year range (51.52%–79.12%).
As of Friday, June 26, 2026. 0.68% below its 12-month average of 56.24%.
PDD Gross Margin
Reported quarterly gross margin; no daily interpolation.
PDD Average Gross Margin Chart
PDD Current vs Average Gross Margin Chart
PDD Gross Margin Metrics
GROSS MARGIN
55.86%
GROSS MARGIN AVG TTM
56.24%
GROSS MARGIN AVG 3Y
60.14%
GROSS MARGIN AVG 5Y
64.09%
GROSS MARGIN AVG 10Y
N/A
GROSS MARGIN AVG 15Y
N/A
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-0.68%
CURRENT VS 3Y AVG
-7.13%
CURRENT VS 5Y AVG
-12.85%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
PDD Competitors' Gross Margin
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| PDD Holdings Inc. (PDD) | $104.33B | 55.86% | 56.24% | 60.14% | 64.09% |
| Marriott International, Inc. (MAR)vs › | $99.91B | 21.38% | 20.83% | 21.30% | 19.87% |
| Starbucks Corporation (SBUX)vs › | $117.57B | 20.36% | 25.49% | 26.08% | 25.78% |
| BYD Company Limited (BYDDY)vs › | $87.85B | 17.02% | 17.24% | 17.84% | 17.29% |
| Royal Caribbean Cruises Ltd. (RCL)vs › | $86.53B | 47.23% | 47.18% | 40.90% | 9.93% |
| Lowe's Companies, Inc. (LOW)vs › | $124.44B | 33.80% | 32.36% | 31.89% | 31.76% |
| Airbnb, Inc. (ABNB)vs › | $84.21B | 82.91% | 83.02% | 82.75% | 80.97% |
| MercadoLibre, Inc. (MELI)vs › | $82.09B | 43.86% | 45.30% | 47.26% | 45.76% |
| Hilton Worldwide Holdings Inc. (HLT)vs › | $77.53B | 44.29% | 34.28% | 31.98% | 28.34% |
| Carvana Co. (CVNA)vs › | $72.62B | 19.97% | 20.23% | 15.96% | 15.17% |
Gross Margin Analysis
Gross Margin
55.9%
(Revenue - COGS) / Revenue
Gross Margin Formula & Definition
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Gross Margin FAQ
- What is the gross margin for PDD Holdings Inc. (PDD)?
- The gross margin for PDD stock is 55.86%.
- Is PDD Holdings Inc.'s gross margin high or low?
- The gross margin of 55.86% is 13% below its 5-year average of 64.09%, near the low end of its 5-year range (51.52%–79.12%).
- What is the TTM average gross margin for PDD Holdings Inc. (PDD)?
- The TTM average gross margin for PDD stock is 56.24%.
- What is the 3Y average gross margin for PDD Holdings Inc. (PDD)?
- The 3Y average gross margin for PDD stock is 60.14%.
- What is the 5Y average gross margin for PDD Holdings Inc. (PDD)?
- The 5Y average gross margin for PDD stock is 64.09%.
PDD Gross Margin History
| DATE | GROSS MARGIN |
|---|---|
| 2026-03-31 | 55.86% |
| 2025-12-31 | 55.49% |
| 2025-09-30 | 56.74% |
| 2025-06-30 | 55.90% |
| 2025-03-31 | 57.20% |
| 2024-12-31 | 56.79% |
| 2024-09-30 | 60.03% |
| 2024-06-30 | 65.28% |
| 2024-03-31 | 62.34% |
| 2023-12-31 | 60.53% |
| 2023-09-30 | 61.03% |
| 2023-06-30 | 64.25% |
| 2023-03-31 | 70.44% |
| 2022-12-31 | 77.58% |
| 2022-09-30 | 79.12% |
| 2022-06-30 | 74.68% |
| 2022-03-31 | 69.91% |
| 2021-12-31 | 76.07% |
| 2021-09-30 | 69.50% |
| 2021-06-30 | 65.73% |
| 2021-03-31 | 51.52% |
| 2020-12-31 | 56.58% |
| 2020-09-30 | 77.06% |
| 2020-06-30 | 78.17% |
| 2020-03-31 | 72.02% |
| 2019-12-31 | 81.12% |
| 2019-09-30 | 75.60% |
| 2019-06-30 | 78.12% |
| 2019-03-31 | 80.79% |
| 2018-12-31 | 74.81% |
| 2018-09-30 | 77.03% |
| 2018-06-30 | 85.68% |
| 2018-03-31 | 76.98% |
| 2017-12-31 | 68.29% |
| 2017-09-30 | 55.85% |
| 2017-06-30 | -2.86% |
| 2017-03-31 | -47.04% |
Related Metrics
About PDD Holdings Inc.
PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. It operates Pinduoduo platform which provides various product categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverages, consumer electronics, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness, and auto accessories; and Temu, an online platform, which enables merchants to streamline their manufacturing and commercial operations. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. PDD Holdings Inc. was incorporated in 2015 and is based in Dublin, Ireland.
- Sector
- Consumer Cyclical
- Industry
- Software - Services
- CEO
- Lei Chen