PDD Holdings Inc. Sponsored ADR

PDD Consumer Cyclical Internet Retail

PDD Holdings Inc. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $61.8 billion, up 14.5% from fiscal 2024.

Revenue
+14.1%
EPS
−7.17%
Free cash flow
+25.4%

Quarter to June 2026, against a year earlier

82.36 2.19 +2.73%
Market cap
$114.1B
P/E
8.4×
Fwd P/E
8.0×
Dividend yield
—
F-score
5/9
Altman Z
5.46
Beneish M
−2.12
Dividend safety
n/a

PDD Holdings Inc. Sponsored ADR (PDD) Net margin

Alert me on Net margin

PDD Holdings Inc. Sponsored ADR's net margin over the twelve months to 30 June 2026 was 20.4%, down 2.2 percentage points from fiscal 2025 (22.7%). Over the past ten years it has ranged from −78.5% (fiscal 2018) to 28.6% (fiscal 2024); the current reading is higher than 70% of that period. That is above the Internet Retail industry median of 0.56% and above the Consumer Cyclical sector median of 2.02%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 22.7% (5.89)
FY2024 28.6% 4.31
FY2023 24.2% 0.08
FY2022 24.2% 15.89
FY2021 8.27% 20.34
FY2020 −12.1% 11.05
FY2019 −23.1% 55.37
FY2018 −78.5% (49.90)
FY2017 −28.6% 35.88
FY2016 −64.5% —

Quarterly newest first

Period Net margin Change (points)
Jun 2026 24.2% 12.38
Mar 2026 11.8% (7.01)
Dec 2025 18.8% (8.27)
Sep 2025 27.1% (2.48)
30 more quarters

Against its own ten years

Low −78.5% High 28.6%
Ten-year median −1.90%
Current reading's percentile 52

Net margin against peers

Company Net margin
PDD PDD Holdings Inc. Sponsored ADR 20.4%
EBAY eBay Inc. compare 16.9%
BABA Alibaba Group Holding Limited compare 7.09%
DASH DoorDash, Inc. compare 6.23%
SE Sea Limited Sponsored ADR compare 5.94%
MELI MercadoLibre, Inc. compare 5.30%
JD JD.com, Inc. compare 1.16%
W Wayfair Inc. compare −2.49%
CPNG Coupang, Inc. compare −3.77%
Internet Retail industry median 0.56%
Consumer Cyclical sector median 2.02%
Market median 1.22%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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