PDD Holdings (PDD) EBT Margin (2017 - 2025)

PDD Holdings has disclosed EBT Margin across 9 years of filings, most recently posting 22.37% for Q4 2025.

• EBT Margin for Q4 2025 came in at 22.37%, down 77.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 19.71% (up 304.0% YoY), and the FY2025 annual result was 27.66%, down 603.0% from the prior year.
• EBT Margin came in at 22.37% for Q4 2025 at PDD Holdings, down from 40.64% in the prior quarter.
• In the past five years, EBT Margin ranged from a high of 43.76% in Q2 2024 to a low of 13.77% in Q1 2021.
• The 5-year median for EBT Margin is 25.84% (2023), against an average of 26.28%.
• Across the five-year window, EBT Margin tumbled 7674 bps in 2021 and soared 2622 bps in 2022, its largest moves.
• PDD Holdings' EBT Margin stood at 26.48% in 2021, then declined by 13 bps to 22.92% in 2022, then advanced by 10 bps to 25.21% in 2023, then slipped by 8 bps to 23.14% in 2024, then retreated by 3 bps to 22.37% in 2025.
• The last three EBT Margin figures came in at 22.37% (Q4 2025), 40.64% (Q3 2025), and 34.71% (Q2 2025), per Business Quant data.