PDD Holdings Inc. (PDD) Earnings History
Profitable10 years of earnings data (2016–2025) · Positive TTM net income
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PDD Holdings Inc. (PDD) Earnings Overview
As of September 26, 2026, PDD Holdings Inc. (PDD) reported trailing twelve-month net income of $110.28B, reflecting -14.2% year-over-year growth. The company earned $74.84 per diluted share over the past four quarters, with a net profit margin of 22.7%.
Looking at the long-term picture, PDD's historical earnings data spans multiple years. The company achieved its highest annual net income of $112.43B in fiscal 2024.
PDD Holdings Inc. maintains industry-leading profitability with a gross margin of 56.3%, operating margin of 21.6%, and net margin of 22.7%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including BABA ($73.53B net income, 10.1% margin), JD ($14.74B net income, 1.5% margin), VIPS ($10.31B net income, 6.8% margin), PDD has outperformed on profitability metrics. Compare PDD vs BABA →
PDD Earnings vs Peers
Earnings metrics vs comparable public companies
PDD Historical Earnings Data (2016–2025)
10 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $97.84B | -13.0% | $93.10B | $65.24 | 22.7% | 21.6% |
| 2024 | $112.43B | +87.3% | $108.42B | $76.00 | 28.5% | 27.5% |
| 2023 | $60.03B | +90.3% | $58.70B | $41.12 | 24.2% | 23.7% |
| 2022 | $31.54B | +306.0% | $30.40B | $21.92 | 24.2% | 23.3% |
| 2021 | $7.77B | +208.2% | $6.90B | $5.44 | 8.3% | 7.3% |
| 2020 | -$7.18B | -3.0% | -$9.38B | $-6.04 | -12.1% | -15.8% |
| 2019 | -$6.97B | +31.8% | -$8.54B | $-6.04 | -23.1% | -28.3% |
| 2018 | -$10.22B | -1845.7% | -$10.80B | $-13.88 | -77.9% | -82.3% |
| 2017 | -$525M | -79.8% | -$596M | $-0.60 | -30.1% | -34.2% |
| 2016 | -$292M | - | -$286M | $-0.34 | -57.8% | -56.7% |
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PDD — Frequently Asked Questions
Quick answers to the most common questions about buying PDD stock.
What is PDD earnings per share (EPS)?
PDD trailing twelve-month (TTM) diluted EPS is $74.84, reflecting -14.2% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 2016 to 2025 is available in the table on this page.
What is PDD Holdings Inc.'s net income?
PDD Holdings Inc. (PDD) trailing twelve-month net income is $110.3B as of 2025. Earnings declined -14.2% year-over-year. PDD Holdings Inc. has been profitable for 5 consecutive years.
Is PDD profitable?
Yes, PDD is profitable with a TTM net income of $110.3B and a net profit margin of +22.7%. PDD Holdings Inc. has generated profits for 5 consecutive years.
What is PDD's earnings growth rate?
PDD compound annual EPS growth rates (CAGR): 1-Year: -14.2%, 3-Year: +43.8%, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2016 to 2025.
What are PDD's profit margins?
PDD Holdings Inc. net profit margin is +22.7%, operating margin is +21.6%, and gross margin is +56.3%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +26.9%.
Is PDD growing earnings?
PDD earnings are declining — EPS fell -14.2% year-over-year. TTM net income dropped to $110.3B. This contrasts with the 5-year CAGR of N/A.
What was PDD's best earnings year?
PDD Holdings Inc.'s highest annual net income on record is $112.4B, achieved in fiscal year 2024. Earnings history on this page spans 2016 to 2025 and includes all annual and quarterly figures.
What were PDD's earnings last quarter?
PDD's most recent reported quarter was Q2 2026. Net income was $27.2B with diluted EPS of $18.40. For a full breakdown of all quarters, see the quarterly earnings table on this page.