PDD Holdings annual gross margin
2018
2019
2020
2021
2022
2023
2024
2025
PDD Holdings Gross Margin Growth & History (PDD)
PDD Holdings's gross margin was 56.28% for fiscal 2025.
View full PDD Holdings company overviewPDD Holdings annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 56.28% | −4.64 pp |
| 2024 | 2024-12-31 | 60.92% | −2.04 pp |
| 2023 | 2023-12-31 | 62.96% | −12.94 pp |
| 2022 | 2022-12-31 | 75.90% | +9.66 pp |
| 2021 | 2021-12-31 | 66.24% | −1.36 pp |
| 2020 | 2020-12-31 | 67.59% | −11.38 pp |
| 2019 | 2019-12-31 | 78.97% | +1.11 pp |
| 2018 | 2018-12-31 | 77.86% | — |
PDD Holdings gross margin trends
Over the last five fiscal years, PDD Holdings's gross margin decreased from 67.59% to 56.28%, a change of −11.31 percentage points.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review PDD Holdings source filings ↗