PDD · PDD Holdings Inc. · Financials

$81.63 +0.24 (+0.29%) At close · Oct 20

Nasdaq-100 member Rebalance outlook locked

Market Cap

$115.85B

1.42B

Volume · Oct 20 4.91M Avg daily vol (3M) 6.14M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Pull these statements through the financial statements API or MCP →

Revenue

431.85B +9.7%

FY2025

Net Income

97.84B -13%

FY2025

Gross Margin

75.9% +9.7pp

FY2022

Operating Margin

21.56% -6pp

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	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
EPS (Basic) USD/shares	+40.6%	—	—	$2.50	$2.78	$1.56	$0.90	$0.24	-$0.23	-$0.22	-$0.50	—	—
EPS (Diluted) USD/shares	+44.0%	—	—	$2.36	$2.60	$1.45	$0.79	$0.21	-$0.23	-$0.22	-$0.50	—	—
Shares Outstanding (Basic Avg) shares	+934.0%	+3.2%	—	5.59B	5.54B	5.42B	5.06M	5.01B	4.77B	4.63B	2.97B	1.76B	1.82B
Shares Outstanding (Diluted Avg) shares	+909.6%	+4.5%	—	5.93B	5.92B	5.84B	5.76M	5.71B	4.77B	4.63B	2.97B	1.76B	1.82B

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.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balance	As of	Amount	Source
Operating lease liabilities	2025-12-31	CNY 5,378,795,000	20-F filed 2026-04-29
Related accounting measures — not additional borrowing Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year. Current operating lease liabilities CNY 2,498,643,000 Noncurrent operating lease liabilities CNY 2,880,152,000
Operating lease liabilities	2025-12-31	USD 769,157,000	20-F filed 2026-04-29
Related accounting measures — not additional borrowing Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year. Current operating lease liabilities USD 357,301,000 Noncurrent operating lease liabilities USD 411,856,000

Instrument and agreement coverage is incomplete. Additional filings are awaiting review.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.

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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
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) 69 filings 54 filers Visit website Investor relations