Companies/US/PDD

PDD HOLDINGS INC.

Income flow

Annual
PDD 20-F Income StatementPeriod 2025-12-31Source 20-F
Online Marketing Services And OthersUNIT_STA 218BTransaction ServicesUNIT_STA 214BRevenueUNIT_STA 432B+10% Y/YGross profitUNIT_STA 243B+1% Y/YCost of revenueUNIT_STA 189BOperating profitUNIT_STA 93B-14% Y/YOther incomeUNIT_STA 26BOperating expensesUNIT_STA 150BPre-tax profitUNIT_STA 120BR&D & otherUNIT_STA 142BSG&AUNIT_STA 8BNet profitUNIT_STA 98B-13% Y/YTaxUNIT_STA 22B

As-filed revenue segments and annual P&L (gross, opex, tax, net). Layout inspired by SankeyArt finance diagrams.

Revenue mix

2025-12-31 · 20-F · UNIT_STA
By activity
By activityUNIT_STA 431.8B
  • Online Marketing Services And OthersUNIT_STA 217.8B50.4%
  • Transaction ServicesUNIT_STA 214.1B49.6%

Capital & dividends

YieldTrailing twelve-month dividends as a percent of the current share price (income yield).0.00%Trailing DPSCash dividends paid per share over the last twelve months (dividend per share, trailing).0PayoutShare of earnings paid out as dividends. Higher means more income returned; lower leaves more for reinvestment.0.0%Shares outTotal shares currently outstanding (issued and not retired).1.42BFloatShares available to trade — outstanding minus closely held (insiders, strategic holders).753.9M

Valuation

Trailing PE 6.9 (2025-12-31)PE trend

Fiscal PE5

PeriodEPSClosePE
2025-12-3116.5113.396.9
2024-12-311996.995.1
2023-12-3110.29146.3114.2
2022-12-315.4881.5514.9
2021-12-311.3658.342.9

PE = stored close ÷ as-filed diluted EPS (annual 10-K / 20-F). Not a vendor PE series.