PDD Holdings (PDD) EBIT Margin (2017 - 2026)
PDD Holdings' EBIT Margin was 24.62% in the quarter ended Jun 30, 2026, up 0.06 percentage points from 24.57% a year earlier and up 6.28 percentage points from the prior quarter.
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Analysis
PDD Holdings (PDD) EBIT Margin (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, PDD Holdings' EBIT Margin was 22.13% through Jun 30, 2026, down 0.10 percentage points year-over-year; for the year ended Dec 31, 2025, it was 21.56%, down 6.41 percentage points from the prior year.
- EBIT Margin shows a five-year change of +29.15 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, EBIT Margin was 27.97% in the year ended Dec 31, 2024 (+14.52 pp), 13.45% in the year ended Dec 31, 2023 (+5.06 pp), 8.39% in the year ended Dec 31, 2022 (+5.33 pp) and 3.07% in the year ended Dec 31, 2021 (+10.66 pp).
- The figure for the quarter ended Jun 30, 2026 marks the highest quarterly EBIT Margin since the quarter ended Jun 30, 2024.
- Compared with a year earlier, EBIT Margin was higher in two of the last eight quarters, with an average year-over-year change of -3.15 percentage points.
- The best year-over-year quarter for EBIT Margin over five years was the quarter ended Mar 31, 2022 (a gain of 27.95 percentage points); the worst was the quarter ended Mar 31, 2025 (a drop of 13.43 percentage points).
- Per Business Quant data, PDD's EBIT Margin in the three quarters before the quarter ended Jun 30, 2026 was 18.34% (quarter ended Mar 31, 2026), 22.37% (quarter ended Dec 31, 2025) and 22.99% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,394.62 Bn | 3,078.49 Bn | - | - |
| 2 | Meta Platforms | 1,562.01 Bn | 1,562.01 Bn | - | - |
| 3 | Netflix | 255.92 Bn | 217.22 Bn | 6.80 Bn | 34.63% |
| 4 | Alibaba Group Holding | 227.02 Bn | 40.65 Bn | 15.16 Bn | 5.64% |
| 5 | Shopify | 203.21 Bn | 180.40 Bn | 1.71 Bn | 13.62% |
| 6 | Uber Technologies | 132.34 Bn | 104.14 Bn | 6.38 Bn | 13.32% |
| 7 | Spotify Technology | 121.64 Bn | 78.55 Bn | 1.89 Bn | 13.52% |
| 8 | Booking Holdings | 113.63 Bn | 46.68 Bn | - | 34.00% |
| 9 | PDD Holdings | 109.85 Bn | -134.20 Bn | 9.48 Bn | 24.71% |
| 10 | Airbnb | 97.28 Bn | 50.51 Bn | 2.98 Bn | 21.01% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.71% |
| Mar 31, 2026 | 18.42% |
| Dec 31, 2025 | 22.37% |
| Sep 30, 2025 | 23.11% |
| Jun 30, 2025 | 24.80% |
| Mar 31, 2025 | 16.81% |
| Dec 31, 2024 | 23.14% |
| Sep 30, 2024 | 24.45% |
| Jun 30, 2024 | 33.55% |
| Mar 31, 2024 | 29.92% |
| Dec 31, 2023 | 25.20% |
| Sep 30, 2023 | 24.20% |
| Jun 30, 2023 | 24.33% |
| Mar 31, 2023 | 18.41% |
| Dec 31, 2022 | 22.89% |
| Sep 30, 2022 | 29.40% |
| Jun 30, 2022 | 27.66% |
| Mar 31, 2022 | 9.05% |
| Dec 31, 2021 | 25.28% |
| Sep 30, 2021 | 9.95% |
API Access
PDD Holdings EBIT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebit-margin&ticker=PDD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "ticker": "PDD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebit-margin&ticker=PDD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();