PDD

PDD Holdings Inc.

$84.74 +2.21 (+2.68%) At close · Jul 8

Market Cap

$122.24B

1,423,396,462

Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.

Revenue

431.85B +9.7%

FY2025

Net Income

97.84B -13%

FY2025

Diluted EPS

16.50 -13.2%

FY2025

Operating Cash Flow

106.94B -12.3%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	FY2025	FY2024	FY2023	FY2022	FY2020	FY2019	FY2018
Revenue CNY	+49.0%	+35.7%	—	431.85B	393.84B	247.64B	130.56B	93.95B	30.14B	13.12B
Net Interest Income CNY	—	—	—	—	—	—	—	1.88B	1.21B	433.39M
Cost of Revenue CNY	+81.7%	+42.9%	—	188.8B	153.9B	91.72B	31.46B	31.72B	6.34B	2.91B
Gross Profit CNY	+60.9%	—	—	—	—	—	99.1B	62.23B	23.8B	10.21B
Research & Development CNY	+16.7%	+12.9%	—	16.5B	12.66B	10.95B	10.38B	8.99B	3.87B	1.12B
Selling & Marketing CNY	+32.1%	+22.8%	—	125.29B	111.3B	82.19B	54.34B	44.8B	27.17B	13.44B
General & Administrative CNY	+27.2%	+39.6%	—	8.16B	7.55B	4.08B	3.96B	1.54B	1.3B	6.46B
Amortization of Intangibles CNY	-41.9%	-25.3%	—	—	—	114.22M	608.62M	583.42M	619.73M	491.07M
Depreciation & Amortization CNY	-35.3%	-16.7%	—	601.48M	708.76M	786.24M	2.22B	1.5B	637.83M	497M
Total Operating Expenses CNY	+29.7%	+22.1%	—	149.94B	131.51B	97.22B	68.69B	55.34B	32.34B	21.01B
Operating Income CNY	+45.2%	+68.3%	—	93.1B	108.42B	58.7B	30.4B	6.9B	-8.54B	-10.8B
Interest Expense CNY	-5.2%	-48.6%	—	43.99M	43.99M	43.99M	51.66M	1.23B	145.86M	—
Interest Income CNY	+85.7%	+52.9%	—	25.58B	20.55B	10.24B	4B	3.06B	1.54B	584.94M
Other Non-Operating Income CNY	+7.1%	+33.0%	—	2.73B	3.12B	2.95B	2.22B	656.26M	82.79M	-12.36M
Equity in Earnings of Unconsolidated Entities CNY	—	-12.2%	—	129.01M	17.23M	-4.71M	-155.29M	246.83M	28.68M	—
Pretax Income CNY	+48.8%	+65.3%	—	119.58B	132.7B	71.88B	36.26B	9.7B	-6.97B	-10.22B
Income Tax CNY	+66.3%	+62.2%	—	21.73B	20.27B	11.85B	4.73B	1.93B	—	—
Net Income CNY	+45.8%	+66.0%	—	97.84B	112.43B	60.03B	31.54B	7.77B	-6.97B	-10.22B
Net Income Available to Common Stockholders CNY	+45.8%	+66.0%	—	97.84B	112.43B	60.03B	31.54B	7.77B	-6.97B	-10.3B
Comprehensive Income CNY	+35.1%	+71.0%	—	92.13B	115.54B	61.43B	37.38B	6.3B	-6.56B	-9.16B
EPS (Basic) CNY/shares	+41.0%	+62.4%	—	17.50	20.31	11.08	6.24	1.55	-1.51	-3.47
EPS (Diluted) CNY/shares	+44.4%	+64.7%	—	16.50	19.00	10.29	5.48	1.36	-1.51	-3.47
Shares Outstanding (Basic Avg) shares	+3.4%	+2.2%	—	5.59B	5.54M	5.42B	5.06B	5.01B	4.63B	2.97B
Shares Outstanding (Diluted Avg) shares	+1.0%	+0.7%	—	5.93B	5.92M	5.84B	5.76B	5.71B	4.63B	2.97B

Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2018–FY2019: $65.35M in buybacks.

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Product & Service (CNY)

Component	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Online Marketing Services and Others	217,783,028,000	197,934,192,000	153,540,553,000	102,931,095,000	79,809,490,000	47,953,779,000	26,813,641,000	11,515,575,000
Transaction Services	214,062,685,000	195,901,905,000	94,098,652,000	27,626,494,000	14,140,449,000	5,787,415,000	3,328,245,000	1,604,415,000
Merchandise Sales	—	—	—	—	—	5,750,671,000	—	—

Key facts CIK 1737806 CUSIP 722304102 13F (30d) 34 filings 12 filers Visit website Investor relations