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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 71.61%.

  • Holdings' Gross Margin rose 22900.0% to 71.61% in Q3 2025 from the same period last year, while for Sep 2025 it was 70.49%, marking a year-over-year decrease of 8400.0%. This contributed to the annual value of 61.89% for FY2024, which is 10700.0% down from last year.
  • As of Q3 2025, Holdings' Gross Margin stood at 71.61%, which was up 22900.0% from 73.12% recorded in Q2 2025.
  • In the past 5 years, Holdings' Gross Margin ranged from a high of 79.12% in Q3 2022 and a low of 51.52% during Q1 2021
  • Moreover, its 5-year median value for Gross Margin was 70.44% (2023), whereas its average is 70.25%.
  • The largest annual percentage gain for Holdings' Gross Margin in the last 5 years was 194900bps (2021), contrasted with its biggest fall of -205000bps (2021).
  • Holdings' Gross Margin (Quarter) stood at 76.07% in 2021, then rose by 2bps to 77.58% in 2022, then dropped by -10bps to 70.03% in 2023, then grew by 2bps to 71.65% in 2024, then dropped by 0bps to 71.61% in 2025.
  • Its Gross Margin was 71.61% in Q3 2025, compared to 73.12% in Q2 2025 and 64.97% in Q1 2025.