Revenue
2018
2019
2020
2021
2022
2023
2024
2025
PDD Holdings Inc. (PDD)
Price$82.21Cached quote
Net income
2018
2019
2020
2021
2022
2023
2024
2025
Free cash flow
2018
2019
2020
Total cash / debt
CashTotal debt
2017
2018
2019
2020
2021
2022
2023
2024
2025
Financial statements
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $61.75B | $53.96B | $34.88B | $18.93B | $14.74B | $9.12B | $4.33B | $1.91B | — | — |
| Gross profit | $34.75B | $32.87B | $21.96B | $14.37B | $9.77B | $6.16B | $3.42B | $1.49B | — | — |
| Gross margin | 56.28% | 60.92% | 62.96% | 75.90% | 66.24% | 67.59% | 78.97% | 77.86% | — | — |
| Research & development | $2.36B | $1.73B | $1.54B | $1.51B | $1.41B | $1.06B | $555.9M | $162.3M | — | — |
| Operating expenses | $21.44B | $18.02B | $13.69B | $9.96B | $8.68B | $7.60B | $4.65B | $3.06B | — | — |
| Operating income | $13.31B | $14.85B | $8.27B | $4.41B | $1.08B | −$1.44B | −$1.23B | −$1.57B | — | — |
| Operating margin | 21.56% | 27.53% | 23.70% | 23.29% | 7.34% | −15.77% | −28.33% | −82.32% | — | — |
| EBITDA | $13.40B | $14.95B | $8.38B | $4.73B | $1.32B | −$1.34B | −$1.13B | −$1.50B | — | — |
| EBITDA margin | 21.70% | 27.71% | 24.02% | 24.99% | 8.93% | −14.67% | −26.21% | −78.53% | — | — |
| Net income | $13.99B | $15.40B | $8.45B | $4.57B | $1.22B | −$1.10B | −$1.00B | −$1.49B | — | — |
| Net profit margin | 22.66% | 28.55% | 24.24% | 24.16% | 8.27% | −12.07% | −23.12% | −77.87% | — | — |
| Basic EPSper basic share | $2.50 | $2.78 | $1.56 | $0.90 | $0.24 | -$0.23 | -$0.22 | -$0.50 | — | — |
| Diluted EPSper diluted share | $2.36 | $2.60 | $1.45 | $0.79 | $0.21 | -$0.23 | -$0.22 | -$0.50 | — | — |
Owners
Reported shareholders
Reported holdings Number of shares
View holders
| Holder | Shares held |
|---|---|
BlackRock, Inc. | 31.97M |
BAILLIE GIFFORD & CO | 26.59M |
H&H International Investment, LLC | 25.02M |
VANGUARD CAPITAL MANAGEMENT LLC | 24.65M |
Invesco Ltd. | 22.23M |
GOLDMAN SACHS GROUP INC | 14.01M |
HSG Holding Ltd | 11.35M |
Himalaya Capital Management LLC | 10.76M |
STATE STREET CORP | 10.3M |
NetEase, Inc. | 9.57M |
First Beijing Investment Ltd | 9.38M |
NORGES BANK | 9.34M |
SC US (TTGP), LTD. | 8.84M |
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 8.73M |
Sanders Capital, LLC | 7.94M |
VANGUARD FIDUCIARY TRUST CO | 6.66M |
GEODE CAPITAL MANAGEMENT, LLC | 6.64M |
FIL Ltd | 6.29M |
JPMORGAN CHASE & CO | 6.02M |
Krane Funds Advisors LLC | 5.78M |
Bars compare reported share counts. A matching total for this share class and reporting period is unavailable, so percentages are not shown.
Source: SEC Form 13F ↗Updated Sep 29, 2026 · Quarterly data
Insider buys & sells
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Mar 30, 2026Form 4 | Rietjens Ivonne MCMDirector | SellADSs | 560 | $99.59 | $55.8K | 0 |
| Mar 30, 2026Form 4 | Kam Anthony Ping LeungDirector | SellADSs | 1.5K | $99.43 | $152.4K | 0 |