PDD Holdings (PDD) EBT Margin (2017 - 2026)
PDD Holdings' EBT Margin came in at 36.60% for the quarter ended Jun 30, 2026, up 2.11 percentage points from 34.49% a year earlier and up 18.85 percentage points from the prior quarter.
PDD Holdings (PDD) EBT Margin (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, PDD Holdings reported EBT Margin of 28.30%, up 0.90 percentage points year-over-year; for the year ended Dec 31, 2025, it was 27.66%, down 6.03 percentage points from the prior year.
- EBT Margin carries a five-year change of +33.54 percentage points (years ended Dec 2020 to Dec 2025).
- Going back by year, EBT Margin was 33.69% in the year ended Dec 31, 2024 (+17.30 pp), 16.39% in the year ended Dec 31, 2023 (+6.61 pp), 9.79% in the year ended Dec 31, 2022 (+5.53 pp) and 4.25% in the year ended Dec 31, 2021 (+10.13 pp).
- The figure for the quarter ended Jun 30, 2026 represents the highest quarterly EBT Margin since the quarter ended Jun 30, 2024.
- Year-over-year, EBT Margin increased in four of the last eight quarters, with an average year-over-year change of -2.46 percentage points.
- The fastest year-over-year change in EBT Margin over five years came in the quarter ended Mar 31, 2022 (a gain of 27.21 percentage points), and the weakest in the quarter ended Mar 31, 2025 (a drop of 19.07 percentage points).
- Business Quant data shows PDD's EBT Margin at 17.75% (quarter ended Mar 31, 2026), 27.51% (quarter ended Dec 31, 2025) and 30.86% (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn | 115.82% |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn | 30.85% |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 32.39% |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn | 8.29% |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn | 49.54% |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn | 23.09% |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - | 34.82% |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn | 36.60% |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn | 15.07% |
| 10 | Airbnb | 97.86 Bn | 51.09 Bn | 2.98 Bn | 24.86% |
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% |
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();