PDD Holdings Inc. (PDD) EBIT Margin (2017 - 2025)

PDD Holdings (PDD) posted EBIT Margin of 22.37% for Q4 2025, down 2.69% sequentially from 22.99% in Q3 2025, and down 77.0% YoY from 97.26% in Q4 2024.

PDD Holdings Inc. (PDD) EBIT Margin (2017 - 2025) Analysis & Trends

PDD Holdings (PDD) has 9 years of EBIT Margin data on file, last reported at 22.37% in Q4 2025.

  • Quarterly EBIT Margin fell 77.0% year-over-year to 22.37% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 21.84% (down 564.0% YoY) and the FY2025 annual result came in at 20.98%, down 655.0% from the prior year.
  • EBIT Margin fell to 22.37% in Q4 2025 per PDD's latest filing, from 22.99% in the prior quarter.
  • The five-year high for EBIT Margin was 33.68% in Q2 2024, with the low at 18.71% in Q1 2021.
  • Average EBIT Margin over 5 years is 20.35%, with a median of 23.54% recorded in 2024.
  • Year-over-year, EBIT Margin soared 4950 bps in 2021 and slumped 1343 bps in 2025.
  • PDD Holdings' EBIT Margin stood at 25.36% in 2021, then retreated by 10 bps to 22.89% in 2022, then advanced by 10 bps to 25.2% in 2023, then declined by 8 bps to 23.14% in 2024, then dropped by 3 bps to 22.37% in 2025.
  • Business Quant data shows PDD's EBIT Margin at 22.37% in Q4 2025, 22.99% in Q3 2025, and 24.57% in Q2 2025.

Peer Comparison

Historic Data

Download Data
DateValue
Dec 31, 2025 22.37%
Sep 30, 2025 22.99%
Jun 30, 2025 24.80%
Mar 31, 2025 16.78%
Dec 31, 2024 23.14%
Sep 30, 2024 23.94%
Jun 30, 2024 33.68%
Mar 31, 2024 30.21%
Dec 31, 2023 25.20%
Sep 30, 2023 24.40%
Jun 30, 2023 25.19%
Mar 31, 2023 18.48%
Dec 31, 2022 22.89%
Sep 30, 2022 30.57%
Jun 30, 2022 28.30%
Mar 31, 2022 9.05%
Dec 31, 2021 25.36%
Sep 30, 2021 9.91%
Jun 30, 2021 10.47%
Mar 31, 2021 -18.71%