PDD Holdings
$75.38Change from previous close: −1.46%Absolute change: −$1.12
At a glance
- Revenue growth
- +9.65%
- 2025 vs 2024
- Net income growth
- −12.98%
- 2025 vs 2024
- Net margin
- 22.7%
- 2024: 28.5%
Financial data
Amounts in millions of id:41; per-share values in id:41; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 106,939 | 121,929 | 94,163 | 48,508 | 28,783 | 28,197 | 14,821 | 7,768 | 9,686 | 880 |
| Depreciation and amortization | 3,000 | 2,641 | 1,888 | 2,735 | 1,844 | 800 | 711 | 497 | 2.3 | 0.8 |
| Capital expenditure | -1,145 | -967 | -584 | -636 | -3,287 | -43.0 | -27.4 | -27.3 | -8.9 | -2.3 |
| Investing cash flow | -43,423 | -118,356 | -55,431 | -22,362 | -35,562 | -38,358 | -28,320 | -7,549 | 71.7 | -307 |
| Financing cash flow | -5,227 | 1.2 | -8,961 | 10.1 | -1,875 | 51,799 | 15,855 | 17,344 | 1,399 | 487 |
| Share repurchases | — | — | — | — | — | — | — | — | -32.7 | — |
| Debt issued | — | — | — | 0.0 | 0.0 | 14,853 | 7,861 | — | — | — |
| Debt repaid | -5,229 | -0.1 | -8,969 | 0.0 | -1,875 | -923 | — | — | — | — |
| Effect of exchange rates | -1,751 | 840 | -291 | 100 | -145 | -140 | 450 | 547 | -47.7 | 20.4 |
| Net change in cash | 56,537 | 4,415 | 29,479 | 26,256 | -8,800 | 41,498 | 2,806 | 18,111 | 11,109 | 1,079 |
| Free cash flow | 105,794 | 120,962 | 93,579 | 47,872 | 25,496 | — | — | — | — | — |
| Levered free cash flow | 85,629 | 103,170 | 82,890 | 38,672 | 12,998 | 4,437 | 4,863 | 7,962 | 553 | — |