Income Statement - PDD Holdings Inc. (PDD)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 431.85 | 393.84 | 247.64 | 130.56 | 93.95 | 59.49 | 30.14 | 13.12 | 1.74 | 0.50 |
| Cost of revenue | 188.80 | 153.90 | 91.72 | 31.46 | 31.72 | 19.28 | 6.34 | 2.91 | 0.72 | 0.58 |
| Gross profit | 243.04 | 239.94 | 155.92 | 99.10 | 62.23 | 40.21 | 23.80 | 10.21 | 1.02 | -0.07 |
| Total operating expenses | 149.94 | 131.51 | 97.22 | 68.69 | 55.34 | 49.59 | 32.34 | 21.01 | 1.62 | 0.21 |
| Operating income | 93.10 | 108.42 | 58.70 | 30.40 | 6.90 | -9.38 | -8.54 | -10.80 | -0.60 | -0.29 |
| Non-operating income (net) | 26.47 | 24.28 | 13.18 | 5.86 | 2.81 | 2.20 | 1.57 | 0.58 | 0.07 | -0.01 |
| Income before tax | 119.58 | 132.70 | 71.88 | 36.26 | 9.70 | -7.18 | -6.97 | -10.22 | -0.53 | -0.29 |
| Income tax expense | 21.73 | 20.27 | 11.85 | 4.73 | 1.93 | 0.07 | -0.03 | 0.58 | -0.06 | 0.00 |
| Net income | 97.84 | 112.43 | 60.03 | 31.54 | 7.77 | -7.18 | -6.97 | -10.22 | -0.53 | -0.29 |
Show Quarterly Income Statement
Income Statement - PDD Holdings Inc. (PDD)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 105.59 | 122.20 | 108.28 | 103.98 | 95.67 | 110.61 | 99.35 | 97.06 | 86.81 | 86.81 | 68.84 | 52.28 | 37.64 | 39.82 | 35.50 | 31.44 | 23.79 | 27.23 | 21.51 | 23.05 | 22.17 | 26.55 | 14.21 | 12.19 | 6.54 | 10.79 | 7.51 | 7.29 | 4.55 | 5.65 | 3.37 | 2.71 | 1.38 | 1.18 | 0.42 | 0.10 | 0.04 | 0.07 |
| Cost of revenue | 46.61 | 54.39 | 46.84 | 45.86 | 40.95 | 47.80 | 39.71 | 33.70 | 32.69 | 32.69 | 26.83 | 18.69 | 11.13 | 8.93 | 7.41 | 7.96 | 7.16 | 6.52 | 6.56 | 7.90 | 10.75 | 11.53 | 3.26 | 2.66 | 1.83 | 2.04 | 1.83 | 1.59 | 0.87 | 1.42 | 0.77 | 0.39 | 0.32 | 0.37 | 0.19 | 0.11 | 0.05 | 0.08 |
| Gross profit | 58.98 | 67.81 | 61.44 | 58.13 | 54.73 | 62.81 | 59.65 | 63.36 | 54.12 | 54.12 | 42.01 | 33.59 | 26.51 | 30.89 | 28.09 | 23.48 | 16.63 | 20.72 | 14.95 | 15.15 | 11.42 | 15.02 | 10.95 | 9.53 | 4.71 | 8.76 | 5.68 | 5.70 | 3.67 | 4.23 | 2.60 | 2.32 | 1.07 | 0.81 | 0.24 | 0.00 | -0.02 | -0.07 |
| Total operating expenses | 37.96 | 40.47 | 36.41 | 32.33 | 38.64 | 37.22 | 35.35 | 30.80 | 28.14 | 28.14 | 25.35 | 20.87 | 19.58 | 21.78 | 17.65 | 14.78 | 14.48 | 13.81 | 12.81 | 13.15 | 15.57 | 17.07 | 12.25 | 11.17 | 9.11 | 10.89 | 8.47 | 7.19 | 5.79 | 6.87 | 3.87 | 8.96 | 1.32 | 0.83 | 0.47 | 0.12 | 0.20 | 0.79 |
| Operating income | 21.02 | 27.34 | 25.03 | 25.79 | 16.09 | 25.59 | 24.29 | 32.56 | 25.97 | 25.97 | 16.66 | 12.72 | 6.93 | 9.11 | 10.44 | 8.70 | 2.15 | 6.91 | 2.14 | 2.00 | -4.15 | -2.05 | -1.30 | -1.64 | -4.40 | -2.14 | -2.79 | -1.49 | -2.12 | -2.64 | -1.27 | -6.64 | -0.25 | -0.02 | -0.23 | -0.12 | -0.22 | -0.29 |
| Non-operating income (net) | -4.46 | 5.19 | 8.29 | 9.74 | 3.14 | 6.94 | 4.89 | 5.36 | 7.09 | 7.14 | 2.39 | 3.55 | 2.77 | 1.41 | 1.69 | 1.76 | 1.01 | 0.79 | 0.36 | 0.42 | 1.24 | 0.62 | 0.51 | 0.74 | 0.28 | 0.35 | 0.46 | 0.49 | 0.24 | 0.22 | 0.17 | 0.14 | 0.05 | 0.04 | 0.01 | 0.01 | 0.01 | -0.01 |
| Income before tax | 16.56 | 32.53 | 33.31 | 35.54 | 19.22 | 32.53 | 29.18 | 37.92 | 33.07 | 33.12 | 19.05 | 16.27 | 9.70 | 10.52 | 12.13 | 10.45 | 3.16 | 7.70 | 2.49 | 2.41 | -2.91 | -1.42 | -0.78 | -0.90 | -4.12 | -1.79 | -2.34 | -1.00 | -1.88 | -2.42 | -1.10 | -6.49 | -0.20 | 0.01 | -0.22 | -0.11 | -0.21 | -0.29 |
| Income tax expense | 4.09 | 8.33 | 3.99 | 4.78 | 4.48 | 5.08 | 4.20 | 5.91 | 5.07 | 5.07 | 3.51 | 3.16 | 1.60 | 1.07 | 1.54 | 1.56 | 0.56 | 1.08 | 0.85 | -0.25 | -0.78 | 0.04 | -0.36 | -0.68 | -0.31 | -0.01 | -0.40 | -0.40 | -0.25 | -0.19 | -0.16 | -0.14 | -0.05 | -0.05 | -0.02 | -0.01 | -0.01 | 0.00 |
| Net income | 12.47 | 24.20 | 29.33 | 30.75 | 14.74 | 27.45 | 24.98 | 32.01 | 28.00 | 28.00 | 15.54 | 13.11 | 8.10 | 9.45 | 10.59 | 8.90 | 2.60 | 6.62 | 1.64 | 2.41 | -2.91 | -1.38 | -0.78 | -0.90 | -4.12 | -1.75 | -2.34 | -1.00 | -1.88 | -2.42 | -1.10 | -6.49 | -0.20 | 0.01 | -0.22 | -0.11 | -0.21 | -0.29 |