PDD Holdings (PDD) reported $61.8B in revenue for fiscal 2025, +14.5% year on year. That ranks #81 by revenue among 2853 SEC filers and #12 in Technology. Net income was $14.0B, a net margin of 22.7%. Revenue has grown 64.3% a year on average since 2018 ($1.9B then). The fiscal 2025 balance sheet shows $90.1B in total assets and $15.6B in cash.
Key figures
| Key figures | FY2025 | YoY | Source |
|---|---|---|---|
| RevenueRevenueFromContractWithCustomerExcludingAssessedTax | $61.8B | +14.5% | FY20252025-12-31 |
| Gross profitGrossProfit | $14.4B | +47.1% | FY20222022-12-31 |
| Operating incomeOperatingIncomeLoss | $13.3B | −10.4% | FY20252025-12-31 |
| Net incomeNetIncomeLoss | $14.0B | −9.2% | FY20252025-12-31 |
| Operating cash flowNetCashProvidedByUsedInOperatingActivities | $15.3B | −8.5% | FY20252025-12-31 |
| Capital expenditurePaymentsToAcquirePropertyPlantAndEquipment | $6.6M | +67.4% | FY20202020-12-31 |
| Total assetsAssets | $90.1B | +30.2% | FY20252025-12-31 |
| Shareholders' equityStockholdersEquity | $59.1B | +37.7% | FY20252025-12-31 |
| CashCashAndCashEquivalentsAtCarryingValue | $15.6B | +96.8% | FY20252025-12-31 |
| Long-term debt | Not reported | — |
Revenue is total net sales for the fiscal year, taken from each company's own annual filing.
Where this sits in its sector
Each bar is the spread of the whole sector: the box covers the middle half of companies, the line inside it the median, and the triangle this company. The axis is clipped at the 5th and 95th percentile so a single outlier does not flatten it.
| Where this sits in its sector | FY2025 | Position in sector |
|---|---|---|
| Net marginRank 45 of 298 companies compared | 22.7% | |
| Operating marginRank 74 of 297 companies compared | 21.6% | |
| R&D as share of revenueRank 201 of 253 companies compared | 3.8% | |
| Cash as share of revenueRank 114 of 297 companies compared | 25.2% |
All four are ratios derived from two reported lines, not single filing items. Peer group: companies in the same sector with revenue of $1bn or more; loss-making companies are included.
Profile
- Legal name
- PDD Holdings Inc.
- Ticker
- PDD
- Exchange
- Nasdaq
- SIC classification
- Services-Business Services, NEC (7389)
- Fiscal year end
- 12-31
- CIK
- 0001737806
Filings
- 20-FApr 29, 2026Open filing →
- 20-FApr 28, 2025Open filing →
- 20-FApr 25, 2024Open filing →
Similar in size, same sector
| Company | Revenue | Net income |
|---|---|---|
| International Business MachinesIBM | $67.5B | $10.6B |
| OracleORCL | $67.4B | $17.0B |
| BroadcomAVGO | $63.9B | $23.1B |
| PDD HoldingsPDD | $61.8B | $14.0B |
| Cisco SystemsCSCO | $56.7B | $10.2B |
| HPHPQ | $55.3B | $2.5B |
| IntelINTC | $52.9B | −$267M |
PDD Holdings compared withBroadcomCisco Systems
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=PDD Holdings — Key figures |url=https://companiesranked.com/en/company/pdd-holdings |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). PDD Holdings — Key figures. CompaniesRanked. https://companiesranked.com/en/company/pdd-holdingsBibTeX
@misc{companiesranked-en-company-pdd-holdings-2026,
author = {{CompaniesRanked}},
title = {{PDD Holdings — Key figures}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/pdd-holdings}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 20-F · 0001104659-26-050727 · April 29, 2026
{{cite web |title=PDD Holdings — Key figures — 20-F (0001104659-26-050727) |url=https://www.sec.gov/Archives/edgar/data/1737806/000110465926050727/pdd-20251231x20f.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-04-29}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.