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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 104,643 | 91,039 | 90,969 | 95,488 | 91,490 | 86,206 | 88,487 | 93,577 | 82,251 | 73,276 | 73,696 | 76,467 |
| Cost of revenue | 69,548 | 65,069 | 67,969 | 70,307 | 61,426 | 54,143 | 55,043 | 56,823 | 48,361 | 47,579 | 48,703 | 49,485 |
| Gross profit | 35,095 | 25,970 | 23,000 | 25,181 | 30,064 | 32,063 | 33,444 | 36,754 | 33,890 | 25,697 | 24,993 | 26,982 |
| Selling, general and administrative | 27,961 | 25,907 | 34,251 | 37,225 | 24,848 | 17,826 | 20,240 | 20,751 | 17,527 | 16,187 | 19,426 | 19,443 |
| Research and development | 7,670 | 7,043 | 7,029 | 6,937 | 6,260 | 5,772 | 5,420 | 5,293 | 5,340 | 5,000 | 5,425 | 5,321 |
| Operating income | -601 | -6,862 | -19,400 | -19,188 | -2,125 | 9,761 | 7,233 | 10,804 | 9,395 | 5,727 | -221 | 3,330 |
| EBIT | -601 | -6,862 | -19,400 | -19,188 | -2,125 | 9,761 | 7,233 | 10,804 | 9,395 | 5,727 | -221 | 3,330 |
| EBITDA | 782 | -4,024 | -16,562 | -16,522 | 294 | 11,976 | 7,893 | 12,991 | 9,992 | 7,597 | 84.3 | 5,369 |
| Interest expense | 805 | 787 | 567 | 414 | 430 | 475 | 468 | 262 | 285 | 322 | 365 | 351 |
| Pre-tax income | 2,304 | -7,277 | -16,182 | -19,650 | 394 | 10,601 | 6,896 | 13,950 | 11,657 | 5,481 | 2,313 | 3,643 |
| Income tax | 149 | -450 | -1,037 | -1,018 | 28.4 | 544 | 674 | 1,085 | 305 | 113 | 96.1 | 50.1 |
| Net income | 2,155 | -6,827 | -15,144 | -18,632 | 365 | 10,057 | 6,222 | 12,865 | 11,352 | 5,369 | 2,217 | 3,593 |
| Net income to common shareholders | 2,155 | -6,827 | -15,144 | -18,632 | 365 | 10,057 | 6,222 | 12,865 | 11,352 | 5,369 | 2,217 | 3,593 |
| Basic EPS | 0.35 | -1.11 | -2.48 | -3.05 | 0.06 | 1.65 | 1.03 | — | 1.83 | — | 0.35 | — |
| Diluted EPS | 0.29 | -1.11 | -2.48 | -3.05 | -0.02 | 1.65 | 1.03 | — | 1.72 | — | 0.34 | — |
| Average shares (basic) | 6,172 | 6,174 | 6,109 | 6,107 | 6,061 | 6,110 | 6,046 | — | 6,195 | — | 6,244 | — |
| Average shares (diluted) | 6,172 | 6,174 | 6,109 | 6,107 | 6,155 | 6,110 | 6,046 | — | 6,258 | — | 6,244 | — |