Stocks Consumer discretionary PDD
NASDAQ · Consumer discretionaryPDD Holdings Inc. (PDD)
PDD Holdings Inc. reported revenue of $61.8B in fiscal 2025, up 14.5% from a year earlier. Net income was $14B, a net margin of 22.7%. At December 31, 2025 it held $15.6B in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 29, 2026.
Key facts about PDD Holdings Inc.
- Net worth
- PDD Holdings Inc. has a market value (market cap) of $110.9B at the latest share price, and shareholders' equity of $59.1B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $61.8B (+14.5% year on year), with net income of $14B.
- Cash flow
- In fiscal 2025 operations brought in $15.3B of cash.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 29, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What PDD Holdings Inc. does
PDD Holdings operates digital commerce platforms that connect consumers directly with manufacturers, merchants, and agricultural producers. Its major platforms include Pinduoduo in China and the Temu online marketplace globally, selling consumer products, apparel, electronics, and groceries. Its shares trade on NASDAQ under the ticker PDD.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $61.8B | $14B | $2.36 | n/a |
| 2024 | $54B | $15.4B | $2.60 | n/a |
| 2023 | $34.9B | $8.5B | $1.45 | n/a |
| 2022 | $18.9B | $4.6B | $0.79 | n/a |
| 2020 | $14.7B | $1.2B | $0.21 | n/a |
| 2020 | $9.1B | -$1.1B | -$0.23 | $4.3B |
Full financial statements: income, balance sheet and cash flow
Where PDD ranks in Consumer discretionary
Latest SEC filings
What PDD Holdings Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 25, 2026
- August 21, 2026
- May 28, 2026
- April 29, 2026Annual report (foreign issuer) 20-F · period to December 31, 2025Revenue rose 14% to $61.8B versus the prior year; diluted EPS $2.36 versus $2.60.
- March 26, 2026
- December 19, 2025
- December 19, 2025
- November 19, 2025
- November 18, 2025
- August 25, 2025
Insider trades
What the people running PDD Holdings Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $140.2K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 3, 2026 | Kam Anthony Ping LeungDirector | Sold | 1,705 | $140.2K |
| September 1, 2026 | Kam Anthony Ping LeungDirector | Exercised options | 1,705 | - |
| August 1, 2026 | Yeo George Yong-BoonDirector | Exercised options | 1,584 | - |
| March 30, 2026 | Kam Anthony Ping LeungDirector | Sold | 1,533 | $152.4K |
| March 30, 2026 | Rietjens Ivonne MCMDirector | Sold | 560 | $55.8K |
Who owns PDD
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
Largest institutional holders
Insiders
1 insiders reported holding 27,212 shares in total, about $2.1M at the last price.
| Holder | Shares |
|---|---|
| Yeo George Yong-BoonDirector | 27,212 |
Questions about PDD
What does PDD Holdings Inc. do?
PDD Holdings operates digital commerce platforms that connect consumers directly with manufacturers, merchants, and agricultural producers. Its major platforms include Pinduoduo in China and the Temu online marketplace globally, selling consumer products, apparel, electronics, and groceries. Its shares trade on NASDAQ under the ticker PDD.
What is PDD Holdings Inc.'s net worth?
PDD Holdings Inc. has a market value (market cap) of $110.9B at the latest share price, and shareholders' equity of $59.1B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is PDD Holdings Inc. profitable?
Yes. In fiscal 2025 it reported net income of $14B on revenue of $61.8B, a net margin of 22.7%.
How much revenue does PDD Holdings Inc. make?
In fiscal 2025 PDD Holdings Inc. reported revenue of $61.8B. That is 14.5% more than a year earlier.
When did PDD Holdings Inc. last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 29, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the insider trade from September 4, 2026.
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Follow PDD: get an email when it filesWhere the numbers come from
Financial figures are the values PDD Holdings Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.