PDD Holdings (PDD) EBT Margin (2017 - 2025)
PDD Holdings recorded quarterly EBT Margin of 27.51% in Q4 2025, down 11.31% quarter-over-quarter from 31.02% in Q3 2025, and down 36.0% year-over-year from 42.99% in Q4 2024.
PDD Holdings' EBT Margin history runs 9 years deep, the most recent figure standing at 27.51% for Q4 2025.
- In Q4 2025, EBT Margin fell 36.0% year-over-year to 27.51%; the TTM figure through Dec 2025 stood at 27.78% (down 495.0% YoY), while the FY2025 annual figure was 27.66%, down 603.0% from the prior year.
- EBT Margin came in at 27.51% for Q4 2025 at PDD Holdings, down from 31.02% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 38.55% in Q2 2024 to a low of 14.33% in Q1 2021.
- A 5-year average of 24.56% and a median of 28.3% in 2024 frame the typical range for EBT Margin.
- On a YoY basis, EBT Margin climbed as much as 3401 bps in 2021 and fell as far as 8859 bps in 2021.
- PDD Holdings' EBT Margin stood at 28.72% in 2021, then decreased by 9 bps to 26.28% in 2022, then grew by 15 bps to 30.1% in 2023, then retreated by 7 bps to 27.87% in 2024, then fell by 1 bps to 27.51% in 2025.
- According to Business Quant data, EBT Margin over the past three periods registered 27.51%, 31.02%, and 34.49% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 27.51% |
| Sep 30, 2025 | 31.02% |
| Jun 30, 2025 | 34.49% |
| Mar 31, 2025 | 17.02% |
| Dec 31, 2024 | 27.87% |
| Sep 30, 2024 | 29.90% |
| Jun 30, 2024 | 38.55% |
| Mar 31, 2024 | 35.73% |
| Dec 31, 2023 | 30.10% |
| Sep 30, 2023 | 27.52% |
| Jun 30, 2023 | 29.72% |
| Mar 31, 2023 | 22.30% |
| Dec 31, 2022 | 26.28% |
| Sep 30, 2022 | 32.47% |
| Jun 30, 2022 | 30.07% |
| Mar 31, 2022 | 12.40% |
| Dec 31, 2021 | 28.72% |
| Sep 30, 2021 | 12.89% |
| Jun 30, 2021 | 11.03% |
| Mar 31, 2021 | -14.33% |
| Dec 31, 2020 | -5.28% |
| Sep 30, 2020 | 12.53% |
| Jun 30, 2020 | 20.32% |
| Mar 31, 2020 | 74.26% |
| Dec 31, 2019 | -16.11% |
| Sep 30, 2019 | -31.58% |
| Jun 30, 2019 | 13.76% |
| Mar 31, 2019 | 41.31% |
| Dec 31, 2018 | 42.87% |
| Sep 30, 2018 | 32.57% |
| Jun 30, 2018 | 239.71% |
| Mar 31, 2018 | -14.52% |
| Dec 31, 2017 | 1.15% |
| Sep 30, 2017 | -52.35% |
| Jun 30, 2017 | -104.71% |