Meituan
$70.20Change from previous close: −2.09%Absolute change: −$1.50
At a glance
- Revenue growth
- +8.08%
- 2025 vs 2024
- Net margin
- -6.4%
- 2024: 10.6%
Financial data
Amounts in millions of CNY; per-share values in CNY; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 9,733 | -7,014 | -6,571 | -22,148 | 4,773 | 10,131 | 16,862 | 15,246 | 19,057 | 5,982 | 10,394 | 11,212 |
| Depreciation and amortization | 3,029 | 2,838 | 2,837 | 2,666 | 2,419 | 2,214 | 2,188 | 2,187 | 2,107 | 1,870 | 1,824 | 2,038 |
| Capital expenditure | -6,584 | — | -13,271 | — | — | — | -5,229 | — | -5,771 | — | -4,937 | — |
| Investing cash flow | -3,167 | -7,143 | -20,227 | 20,790 | -5,542 | 34,751 | -6,430 | -11,937 | 5,237 | 23,335 | 1,078 | -15,193 |
| Financing cash flow | -18,203 | 24,785 | 35,034 | -961 | -13,337 | 506 | 16,949 | -14,950 | -20,543 | -11,870 | -3,248 | 2,164 |
| Share repurchases | -0.1 | — | -365 | — | — | — | -13,637 | — | -12,453 | — | — | — |
| Debt issued | 29,874 | — | 42,232 | — | — | — | 17,958 | — | 2,585 | — | 34,452 | — |
| Debt repaid | -21,894 | — | -19,399 | — | — | — | -2,239 | — | -22,351 | — | -34,886 | — |
| Effect of exchange rates | -676 | -370 | -699 | -103 | -656 | 195 | 984 | -595 | 170 | -2.3 | -32.9 | -36.1 |
| Net change in cash | -12,313 | 10,258 | 7,537 | -2,422 | -13,359 | 44,181 | 28,366 | -12,236 | 3,920 | 17,444 | 8,191 | -1,854 |
| Free cash flow | 3,149 | -7,014 | -19,842 | -22,148 | 4,773 | 10,131 | 11,633 | 15,246 | 13,286 | 5,982 | 5,456 | 11,212 |
| Levered free cash flow | 4,438 | -5,745 | -12,912 | -15,389 | 3,318 | 8,338 | 7,588 | 9,949 | 9,339 | 4,154 | 2,793 | 11,985 |