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PDDPDD Holdings Inc.

Over longer horizons, Revenue CAGR averages 44.17% over 3 years and 40.98% over 5 years.The TTM figure compares the trailing 12 months (sum of the latest four quarters) with the 12 months before that. Rows in the history table compare fiscal years, and the quarterly table compares single quarters; the three measure different windows and will differ. Revenue CAGR measures how the company's top-line revenue has grown over time. Consistent revenue growth is a key indicator of business expansion and market share gains.

PDD Revenue CAGR Chart

PDD Holdings Inc. (PDD)

PDD Quarterly Revenue Growth (YoY)

Revenue growth vs the same quarter one year earlier, last 20 quarters.

PDD Revenue CAGR History

YearStart RevenueEnd RevenueChange% ChangeCAGR
2025$53.94B$61.74B+$7.80B+14.45%+14.45%
2024$34.88B$53.94B+$19.06B+54.64%+54.64%
2023$18.92B$34.88B+$15.96B+84.36%+84.36%
2022$14.79B$18.92B+$4.13B+27.95%+27.95%
2021$9.11B$14.79B+$5.67B+62.23%+62.23%
2020$4.33B$9.11B+$4.79B+110.57%+110.57%
2019$1.91B$4.33B+$2.42B+126.90%+126.90%
2018$267.89M$1.91B+$1.64B+612.10%+612.10%
2017$72.70M$267.89M+$195.19M+268.48%+268.48%

Quarterly Revenue: QoQ & YoY

QuarterValueQoQYoY
Q1 2026$15.30B-13.6%+16.1%
Q4 2025$17.71B+16.5%+16.9%
Q3 2025$15.21B+4.8%+7.4%
Q2 2025$14.51B+10.1%+8.7%
Q1 2025$13.18B-13.0%+9.7%
Q4 2024$15.15B+7.0%+21.0%
Q3 2024$14.15B+6.0%+50.2%
Q2 2024$13.35B+11.1%+85.2%
Q1 2024$12.02B-4.0%+119.4%
Q4 2023$12.52B+32.8%+117.0%
Q3 2023$9.43B+30.8%+88.9%
Q2 2023$7.21B+31.6%+53.6%
Q1 2023$5.48B-5.1%+46.1%
Q4 2022$5.77B+15.7%+34.6%
Q3 2022$4.99B+6.3%+49.6%
Q2 2022$4.69B+25.1%+31.5%

QoQ = change vs the prior quarter; YoY = change vs the same quarter a year earlier.

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.

Dublin
23,465 employees
Consumer Cyclical / Software - Services
Sector
Consumer Cyclical
Industry
Software - Services
CEO
Lei Chen