PDD Holdings Inc. American Depositary Shares (PDD) Financials
Key financial figures for PDD Holdings Inc. American Depositary Shares (Q2 2026), as reported in CNY.
PDD Holdings' Q2 2026 revenue grew 8% year-over-year to RMB 112.4 billion (US$16.6 billion), while net income attributable to ordinary shareholders fell 12% to RMB 27.2 billion (US$4.0 billion) as elevated platform-governance and supply-chain investment outpaced revenue growth. Total revenues rose 8% year-over-year to RMB 112.4 billion (US$16.6 billion), driven mainly by a 13% increase in transaction services revenue to RMB 54.7 billion, while online marketing services and others grew about 3% to RMB 57.6 billion. Gross margin came in at 57.3% (RMB 64.3 billion gross profit) and operating profit rose 8% year-over-year to RMB 27.8 billion (24.7% operating margin), with sales and marketing spend (RMB 29.7 billion) rising alongside revenue. Figures are for Q2 2026, as PDD Holdings Inc. reported them.
- Revenue
- CNY 112.4B
- Net Income
- CNY 27.2B
- EPS
- CNY 19.28
- Total Assets
- CNY 663.4B
- Operating Cash Flow
- CNY 25.7B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | CNY 112.4B | CNY 27.2B | CNY 18.40 | 24.71% | CNY 25.7B |
| Q1 FY2026 | CNY 106.2B | CNY 12.5B | CNY 8.40 | 18.42% | CNY 16.4B |
| Q4 FY2025 | CNY 123.9B | CNY 23.0B | CNY 16.52 | 21.14% | CNY 24.1B |
| Q3 FY2025 | CNY 108.3B | CNY 29.3B | CNY 19.72 | 23.11% | CNY 45.7B |
| Q2 FY2025 | CNY 104.0B | CNY 30.8B | CNY 20.76 | 24.8% | CNY 21.6B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | CNY 431.8B | CNY 97.8B | CNY 65.24 | 21.56% | CNY 105.8B |
| FY2024 | CNY 393.8B | CNY 112.4B | CNY 76.00 | 27.53% | CNY 121.0B |
| FY2023 | CNY 247.6B | CNY 60.0B | CNY 41.12 | 23.7% | CNY 93.6B |
Frequently asked questions
What was PDD Holdings Inc.'s revenue last quarter?
PDD Holdings Inc. reported revenue of 112.36 billion CNY for Q2 FY2026, up 8.1% from the same period a year earlier.
Is PDD Holdings Inc. profitable?
Yes. PDD Holdings Inc. reported net income of 27.18 billion CNY for Q2 FY2026, a net margin of 24.19% on revenue.
How has PDD Holdings Inc.'s margin trended?
Operating margin was 24.71% in Q2 FY2026. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did PDD Holdings Inc. generate?
PDD Holdings Inc. generated free cash flow of 25.67 billion CNY in Q2 FY2026, after capital expenditure.
Figures are as reported by the filer in CNY and are not converted to US dollars. The share price is quoted in US dollars, so the two are not directly comparable.
Full income statement, balance sheet and cash flow for PDD Holdings Inc. American Depositary Shares on SentiSense, with up to forty quarters and twenty fiscal years of history.