PDD Holdings Inc. (PDD)
NASDAQConsumer DiscretionarySpecialty RetailSnapshot 2026-11-04
$82.15+2.47%
Close 2026-11-04 · 1-day change
NASDAQConsumer DiscretionarySpecialty RetailSnapshot 2026-11-04
QuarterlyIQ Insights · PDD
Income statement, balance sheet, and cash flow — annual and quarterly history, as reported.
Figures in millions of CNY, except per-share and ratios.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Revenues | 61,753.1 | 53,955.3 | 247,639.2 | 130,557.6 | 93,949.9 | 59,491.9 | 30,141.9 | 13,120.0 |
| Cost of Revenues | 26,998.3 | 21,084.3 | 91,723.6 | 31,462.3 | 31,718.1 | 19,278.6 | 6,338.8 | 2,905.2 |
| Gross Profit | — | — | — | 99,095.3 | 62,231.8 | 40,213.2 | 23,803.1 | 10,214.7 |
| Operating Expenses & Income | ||||||||
| R&D Expenses | 2,358.9 | 1,734.3 | 10,952.4 | 10,384.7 | 8,992.6 | 6,891.7 | 3,870.4 | 1,116.1 |
| Operating Income | 13,313.4 | 14,853.9 | 58,698.8 | 30,401.9 | 6,896.8 | (9,380.3) | (8,538.2) | (10,799.7) |
| Earnings from Continuing Operations | ||||||||
| Interest Expense | — | — | 44.0 | 51.7 | 1,231.0 | 757.3 | 145.9 | — |
| Interest & Investment Income | 3,658.4 | 2,815.8 | 10,238.1 | 3,997.1 | 3,061.7 | 2,455.4 | 1,541.8 | 584.9 |
| Net Interest Expenses | — | — | (10,194.1) | (3,945.4) | (1,830.7) | (1,698.0) | (1,396.0) | — |
| EBT, Incl. Unusual Items | 17,080.6 | 18,177.6 | 71,881.2 | 36,419.0 | 9,455.4 | (7,263.4) | (6,996.3) | (10,217.1) |
| Income Tax Expense | 3,107.7 | 2,776.5 | 11,849.9 | 4,725.7 | 1,933.6 | 0.0 | — | — |
| Net Income | ||||||||
| Net Income | 13,991.3 | 15,403.5 | 60,026.5 | 31,538.1 | 7,768.7 | (7,179.7) | (6,967.6) | (10,217.1) |
| Per Share | ||||||||
| Basic EPS | 2.50 | 2.78 | 11.08 | 6.24 | 1.55 | (1.51) | (1.51) | (3.47) |
| Diluted EPS | 2.36 | 2.60 | 10.29 | 5.48 | 1.36 | (1.51) | (1.51) | (3.47) |
| Basic Weighted Avg Shares | 5,590.9 | 5,536.0 | 5,416.1 | 5.1 | 5,012.7 | 4,768.3 | 4,627.3 | 2,968.3 |
| Diluted Weighted Avg Shares | 5,929.6 | 5,916.6 | 5,839.6 | 5.8 | 5,713.8 | 4,768.3 | 4,627.3 | 2,968.3 |
| Supplemental | ||||||||
| EBITDA | 13,399.4 | 14,951.0 | 59,485.0 | 32,626.1 | 8,392.1 | (8,728.8) | (7,900.4) | (10,302.7) |
| EBIT | 13,313.4 | 14,853.9 | 58,698.8 | 30,401.9 | 6,896.8 | (9,380.3) | (8,538.2) | (10,799.7) |
| Effective Tax Rate | 18.2% | 15.3% | 16.5% | 13.0% | 20.4% | 0.0% | — | — |
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.