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.
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 |
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, 2025
- March 26, 2026
- December 19, 2025
- December 19, 2025
- November 19, 2025
- November 18, 2025
- August 25, 2025
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.
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.