PDD Holdings Inc. (BVMF:P1DD34)
Brazil flag Brazil · Delayed Price · Currency is BRL
48.10
-0.72 (-1.47%)
Last updated: Apr 28, 2026, 5:00 PM GMT-3

PDD Holdings Income Statement

Millions CNY. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 2020 - 2016
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 2020 - 2016
Revenue
431,846393,836247,639130,55893,950
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Revenue Growth (YoY)
9.65%59.04%89.68%38.96%57.92%
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Cost of Revenue
188,802153,90091,72431,46231,718
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Gross Profit
243,044239,936155,91699,09562,232
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Selling, General & Admin
131,924121,06887,64359,04146,869
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Research & Development
16,49610,4459,5749,6538,466
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Operating Expenses
148,420131,51397,21768,69355,335
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Operating Income
94,624108,42358,69930,4026,897
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Interest Expense
---43.99-51.66-1,231
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Interest & Investment Income
25,58420,55310,2383,9973,062
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Earnings From Equity Investments
129.0117.23-4.71-155.29246.83
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Currency Exchange Gain (Loss)
-1,967587.8735.72-149.7171.75
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Other Non Operating Income (Expenses)
2,7273,1202,9532,221656.26
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EBT Excluding Unusual Items
121,097132,70171,87636,2649,702
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Pretax Income
121,097132,70171,87636,2649,702
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Income Tax Expense
21,73320,26711,8504,7261,934
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Net Income
99,364112,43560,02731,5387,769
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Net Income to Common
99,364112,43560,02731,5387,769
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Net Income Growth
-11.63%87.31%90.33%305.96%-
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Shares Outstanding (Basic)
1,3981,3841,3541,2641,253
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Shares Outstanding (Diluted)
1,4821,4791,4601,4401,428
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Shares Change (YoY)
0.22%1.32%1.36%0.83%19.83%
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EPS (Basic)
71.0981.2444.3324.946.20
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EPS (Diluted)
67.0476.0041.1521.935.44
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EPS Growth
-11.79%84.70%87.61%303.17%-
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Free Cash Flow
106,939120,96293,57947,87225,496
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Free Cash Flow Per Share
72.1481.7864.1033.2417.85
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Gross Margin
56.28%60.92%62.96%75.90%66.24%
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Operating Margin
21.91%27.53%23.70%23.29%7.34%
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Profit Margin
23.01%28.55%24.24%24.16%8.27%
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Free Cash Flow Margin
24.76%30.71%37.79%36.67%27.14%
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EBITDA
95,333109,13259,48532,6268,392
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EBITDA Margin
22.08%27.71%24.02%24.99%8.93%
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D&A For EBITDA
708.76708.76786.242,2241,495
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EBIT
94,624108,42358,69930,4026,897
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EBIT Margin
21.91%27.53%23.70%23.29%7.34%
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Effective Tax Rate
17.95%15.27%16.49%13.03%19.93%
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Advertising Expenses
-68,47456,41518,92141,457
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Source: S&P Capital IQ. Standard template. Financial Sources.