PDD Holdings revenue and financials
$78.40Change from previous close: +0.64%Absolute change: +$0.50
In the fiscal year ended December 2025, PDD Holdings reported revenue of 431.85B id:41 (+9.65% year over year). Net income was 97.84B id:41, a net margin of 22.7%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
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 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 assets | 663,407 | 637,704 | 630,044 | 613,724 | 567,156 | 530,513 | 505,034 | 466,794 | 432,744 | 377,826 | 348,078 | 314,251 |
| Current assets | 556,780 | 536,555 | 518,980 | 516,360 | 476,043 | 447,774 | 415,648 | 386,831 | 359,726 | 316,470 | 294,750 | 271,576 |
| Cash and equivalents | 128,918 | 123,041 | 108,901 | 92,387 | 63,222 | 70,126 | 57,768 | 65,295 | 56,756 | 55,592 | 59,794 | 54,940 |
| Short-term investments | 327,496 | 313,030 | 313,408 | 331,383 | 323,909 | 294,375 | 273,792 | 243,166 | 228,171 | 186,540 | 157,415 | 147,907 |
| Receivables | 14,511 | 15,526 | 18,531 | 15,147 | 14,693 | 12,887 | 12,153 | 13,923 | 11,481 | 11,743 | 11,709 | 8,686 |
| Net property, plant and equipment | 9,068 | 5,753 | 6,169 | 6,209 | 6,052 | 6,432 | 5,944 | 5,696 | 5,101 | 4,835 | 5,084 | 4,728 |
| Other intangible assets | 14.0 | 15.0 | 15.4 | 16.3 | 17.3 | 18.2 | 19.2 | 20.1 | 21.1 | 22.0 | 21.1 | 21.9 |
| Long-term investments | — | — | 104,317 | — | — | — | 82,974 | — | — | — | 47,524 | — |
| Current liabilities | 212,714 | 211,642 | 213,737 | 219,218 | 201,962 | 197,025 | 188,423 | 179,997 | 170,833 | 151,398 | 152,901 | 148,124 |
| Accounts payable | 111,190 | 110,405 | 168,794 | 101,757 | 96,682 | 93,625 | 143,543 | 83,856 | 79,860 | 75,864 | 93,141 | 70,129 |
| Long-term debt | — | — | — | — | — | — | — | 5,176 | 5,264 | 5,241 | 5,232 | 1,624 |
| Total debt | 4,844 | 5,122 | 5,379 | 10,674 | 10,963 | 11,253 | 10,607 | 10,237 | 9,765 | 9,480 | — | — |
| Total liabilities | 215,620 | 214,277 | 216,659 | 222,321 | 205,293 | 200,812 | 191,721 | 188,289 | 178,766 | 159,120 | 160,837 | 152,201 |
| Total equity (incl. minority) | 447,787 | 423,427 | 413,385 | 391,403 | 361,864 | 329,701 | 313,313 | 278,505 | 253,978 | 218,706 | 187,242 | 162,050 |
| Retained earnings | 325,230 | 298,048 | 285,502 | 262,483 | 233,154 | 202,401 | 187,659 | 160,212 | 135,232 | 103,222 | 75,225 | 51,944 |