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PDD Holdings (PDD) Gross Margin: 2017-2025

Historic Gross Margin for Holdings (PDD) over the last 9 years, with Q3 2025 value amounting to 56.74%.

  • Holdings' Gross Margin fell 32900.0% to 56.74% in Q3 2025 from the same period last year, while for Sep 2025 it was 56.34%, marking a year-over-year decrease of 57100.0%. This contributed to the annual value of 60.92% for FY2024, which is 20400.0% down from last year.
  • Per Holdings' latest filing, its Gross Margin stood at 56.74% for Q3 2025, which was down 32900.0% from 55.9% recorded in Q2 2025.
  • Holdings' Gross Margin's 5-year high stood at 80.0% during Q4 2022, with a 5-year trough of 51.52% in Q1 2021.
  • In the last 5 years, Holdings' Gross Margin had a median value of 62.34% in 2024 and averaged 64.82%.
  • Data for Holdings' Gross Margin shows a peak YoY increase of 194900bps (in 2021) and a maximum YoY decrease of -205000bps (in 2021) over the last 5 years.
  • Holdings' Gross Margin (Quarter) stood at 76.07% in 2021, then grew by 5bps to 80.0% in 2022, then fell by -24bps to 60.53% in 2023, then dropped by -6bps to 56.79% in 2024, then dropped by 0bps to 56.74% in 2025.
  • Its Gross Margin stands at 56.74% for Q3 2025, versus 55.9% for Q2 2025 and 57.2% for Q1 2025.