PDD Holdings (PDD) EBT Margin (2017 - 2026)
PDD Holdings' (PDD) quarterly EBT Margin came in at 36.6% in Q2 2026, up 211.0% year-over-year from 11.77% in Q2 2025, and up 106.19% quarter-over-quarter from 17.75% in Q1 2026.
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Analysis
PDD Holdings (PDD) EBT Margin (2017 - 2026) Analysis & Trends
PDD Holdings has disclosed EBT Margin across 10 years of filings, most recently posting 36.6% for Q2 2026.
- In Q2 2026, EBT Margin rose 211.0% year-over-year to 36.6%; the TTM figure through Jun 2026 stood at 28.3% (up 90.0% YoY), while the FY2025 annual figure was 27.66%, down 603.0% from the prior year.
- EBT Margin came in at 36.6% for Q2 2026 at PDD Holdings, up from 17.75% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 38.7% in Q2 2024 to a low of 13.44% in Q1 2022.
- Average EBT Margin over 5 years is 28.5%, with a median of 29.51% recorded in 2024.
- Year-over-year, EBT Margin soared 2721 bps in 2022 and plunged 1907 bps in 2025.
- Over 5 years, EBT Margin stood at 26.31% in 2022, then advanced by 14 bps to 30.11% in 2023, then slipped by 7 bps to 27.87% in 2024, then declined by 1 bps to 27.51% in 2025, then surged by 33 bps to 36.6% in 2026.
- Per Business Quant data, the three most recent EBT Margin figures were 36.6% in Q2 2026, 17.75% in Q1 2026, and 27.51% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn | 9.82% |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn | 34.82% |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn | 36.60% |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn | 24.86% |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn | 5.96% |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn | 21.22% |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn | 23.80% |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn | 14.09% |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - | - |
| 10 | Etsy | 6.70 Bn | 5.58 Bn | 484.05 Mn | 20.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.60% |
| Mar 31, 2026 | 17.75% |
| Dec 31, 2025 | 27.51% |
| Sep 30, 2025 | 30.86% |
| Jun 30, 2025 | 34.49% |
| Mar 31, 2025 | 17.02% |
| Dec 31, 2024 | 27.87% |
| Sep 30, 2024 | 29.28% |
| Jun 30, 2024 | 38.70% |
| Mar 31, 2024 | 36.08% |
| Dec 31, 2023 | 30.11% |
| Sep 30, 2023 | 27.54% |
| Jun 30, 2023 | 29.74% |
| Mar 31, 2023 | 22.42% |
| Dec 31, 2022 | 26.31% |
| Sep 30, 2022 | 33.81% |
| Jun 30, 2022 | 33.42% |
| Mar 31, 2022 | 13.44% |
| Dec 31, 2021 | 28.21% |
| Sep 30, 2021 | 11.20% |
API Access
PDD Holdings EBT 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=ebt-margin&ticker=PDD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=PDD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();