PDD Holdings Inc. (PDD) Financial Statements
PDD Holdings Inc. (PDD) reported trailing twelve-month revenue of $442.4B (up 9.9% year on year) and net income of $97.1B as of 2026-03-31, according to EquiReason's reading of its SEC filings. Free cash flow over the same period: $105.8B.
Source: SEC EDGAR filings · figures as of 2026-03-31 · read by EquiReason
- Market cap
- 112.5B
- P/E TTM
- —
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 16 Nov, in 23 days
Fiscal-year columns end in the month shown. The current fiscal year appears once its annual report is filed; until then TTM = the last four reported quarters, to Mar 26. Results for the next quarter were released 25 Aug; these figures move once the 10-Q is filed.
| Line | FY2018 Dec 18 | FY2019 Dec 19 | FY2020 Dec 20 | FY2021 Dec 21 | FY2022 Dec 22 | FY2023 Dec 23 | FY2024 Dec 24 | FY2025 Dec 25 | TTM Mar 26 | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 13.12 | 30.14 | 59.49 | 93.95 | 130.56 | 247.64 | 393.84 | 431.85 | 442.37 | |
| Gross profit | 10.21 | 23.80 | 40.21 | 62.23 | 99.10 | 155.92 | 239.94 | 243.04 | — | |
| Research & development | 1.12 | 3.87 | 6.89 | 8.99 | 10.38 | 10.95 | 12.66 | 16.50 | — | |
| Operating income | -10.80 | -8.54 | -9.38 | 6.90 | 30.40 | 58.70 | 108.42 | 93.10 | — | |
| Pre-tax income | -10.22 | -6.97 | -7.18 | 9.70 | 36.26 | 71.88 | 132.70 | 119.58 | — | |
| Income tax | — | — | — | 1.93 | 4.73 | 11.85 | 20.27 | 21.73 | — | |
| Net income | -10.22 | -6.97 | -7.18 | 7.77 | 31.54 | 60.03 | 112.43 | 97.84 | 97.12 | |
| Diluted EPS ($) | -0.50 | -0.22 | -0.23 | 0.21 | 5.48 | 10.29 | 19.00 | 2.36 | — | |
| Diluted shares (bn) | 2.968 | 4.627 | 4.768 | 5.714 | 5.761 | 5.840 | 5.917 | 5.930 | — |
USD billions · SEC XBRL
PDD Holdings Inc. — questions
- What is PDD Holdings Inc.'s revenue?
- $442.4B over the twelve months to 2026-03-31, up 9.9% year on year, from its 10-Q and 10-K filings.
- What is PDD Holdings Inc.'s net income?
- $97.1B over the twelve months to 2026-03-31.
- What is PDD Holdings Inc.'s free cash flow?
- $105.8B over the twelve months to 2026-03-31.
Every figure on this page comes from PDD Holdings Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.