- US-listed companies
- PDD Holdings Inc.
- Income statement
PDD Holdings Inc. (PDD) Income statement
Market cap
P/E ratio
| 2018/12 | 2019/12 | 2020/12 | 2021/12 | 2022/12 | 2023/12 | 2024/12 | 2025/12 | |
| Revenue | 1,908 | 4,330 | 9,118 | 14,743 | 18,929 | 34,879 | 53,955 | 61,753 |
| Revenue growth (%) | - | |||||||
| Cost of revenue | 423 | 911 | 2,955 | 4,977 | 4,562 | 12,919 | 21,084 | 26,998 |
| Gross profit | 1,486 | 3,419 | 6,163 | 9,766 | 14,367 | - | - | - |
| Gross margin (%) | - | - | - | |||||
| Research & development | 162 | 556 | 1,056 | 1,411 | 1,506 | 1,543 | 1,734 | 2,359 |
| Operating margin (%) | ||||||||
| Operating expenses | 3,056 | 4,646 | 7,601 | 8,683 | 9,960 | 13,693 | 18,017 | 21,441 |
| Operating income | -1,571 | -1,226 | -1,438 | 1,082 | 4,408 | 8,268 | 14,854 | 13,313 |
| Income before tax | -1,486 | -1,005 | -1,113 | 1,484 | 5,280 | 10,124 | 18,178 | 17,081 |
| Pretax margin (%) | -77.9 | -23.2 | -12.2 | 10.1 | 27.9 | 29 | 33.7 | 27.7 |
| Provision for income taxes | - | - | - | 303 | 685 | 1,669 | 2,777 | 3,108 |
| Effective tax rate (%) | - | - | - | |||||
| Net income | -1,486 | -1,001 | -1,100 | 1,219 | 4,573 | 8,455 | 15,403 | 13,991 |
| Net income margin (%) | ||||||||
| Earnings per share | -0.5 | -0.22 | -0.23 | 0.24 | 0.9 | 1.56 | 2.78 | 2.5 |
| Diluted EPS | -0.5 | -0.22 | -0.23 | 0.21 | 0.79 | 1.45 | 2.6 | 2.36 |