PDD Holdings Inc. (PDD) Profit Margins
Over the twelve months to 2026-03-31, PDD Holdings Inc. (PDD) had net margin 22.0%, free cash flow margin 23.9%, according to EquiReason's reading of its SEC filings.
Source: SEC EDGAR filings · figures as of 2026-03-31 · read by EquiReason
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- Market cap
- 112.5B
- P/E TTM
- —
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 16 Nov, in 23 days
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 77.9% | 79.0% | 67.6% | 66.2% | 75.9% | 63.0% | 60.9% | 56.3% | — | |
| Operating margin | -82.3% | -28.3% | -15.8% | 7.3% | 23.3% | 23.7% | 27.5% | 21.6% | — | |
| Net margin | -77.9% | -23.1% | -12.1% | 8.3% | 24.2% | 24.2% | 28.5% | 22.7% | 22.0% | |
| FCF margin | 59.0% | 49.1% | 47.3% | 27.1% | 36.7% | 37.8% | 30.7% | 24.5% | 23.9% |
USD billions · SEC XBRL
PDD Holdings Inc. — questions
- What is PDD Holdings Inc.'s net profit margin?
- 22.0% 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.