PDD Holdings (PDD) Operating Income (2017 - 2025)
PDD Holdings (PDD) posted Operating Income of $4.0 billion for Q4 2025, up 12.76% sequentially from $3.5 billion in Q3 2025, and up 13.06% YoY from $3.5 billion in Q4 2024.
PDD Holdings (PDD) Operating Income (2017 - 2025) Analysis & Trends
PDD Holdings has reported Operating Income for 9 years, with the latest figure at $4.0 billion in Q4 2025.
- Quarterly Operating Income rose 13.06% year-over-year to $4.0 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $13.3 billion (down 11.63% YoY) and the FY2025 annual result came in at $13.3 billion, down 10.37% from the prior year.
- Operating Income rose to $4.0 billion in Q4 2025 per PDD's latest filing, from $3.5 billion in the prior quarter.
- Over five years, Operating Income peaked at $1597.2 billion in Q4 2021 and troughed at -$633.0 million in Q1 2021.
- A 5-year average of $81.9 billion and a median of $2.2 billion in 2023 frame the typical range for Operating Income.
- The widest YoY moves for Operating Income: up 508843.77% in 2021, down 201.92% in 2021.
- Over 5 years, Operating Income stood at $1597.2 billion in 2021, then slumped by 99.92% to $1.3 billion in 2022, then surged by 138.71% to $3.2 billion in 2023, then rose by 11.15% to $3.5 billion in 2024, then advanced by 13.06% to $4.0 billion in 2025.
- According to Business Quant data, Operating Income over the past three periods registered $4.0 billion, $3.5 billion, and $3.6 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,931.64 Bn | 2,808.66 Bn | 198.88 Bn | 51.31 Bn |
| 2 | PDD Holdings | 506.17 Bn | 446.63 Bn | 9.83 Bn | 3.96 Bn |
| 3 | Mercadolibre | 98.29 Bn | 83.09 Bn | 4.16 Bn | 683.00 Mn |
| 4 | DoorDash | 92.11 Bn | 86.76 Bn | 2.35 Bn | 156.00 Mn |
| 5 | JD.com | 87.50 Bn | 58.32 Bn | 7.66 Bn | 552.00 Mn |
| 6 | Sea | 78.22 Bn | 69.70 Bn | 3.15 Bn | 5.70 Bn |
| 7 | Ebay | 47.18 Bn | 43.87 Bn | 2.30 Bn | 676.00 Mn |
| 8 | Coupang | 29.74 Bn | 23.63 Bn | 2.49 Bn | -556.00 Mn |
| 9 | Zkh | 16.36 Bn | 16.36 Bn | 51.11 Mn | -3.26 Mn |
| 10 | Wayfair | 13.66 Bn | 12.51 Bn | 1.05 Bn | 104.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 3.96 Bn |
| Sep 30, 2025 | 3.52 Bn |
| Jun 30, 2025 | 3.60 Bn |
| Mar 31, 2025 | 2.22 Bn |
| Dec 31, 2024 | 3.51 Bn |
| Sep 30, 2024 | 3.46 Bn |
| Jun 30, 2024 | 4.48 Bn |
| Mar 31, 2024 | 3.60 Bn |
| Dec 31, 2023 | 3.15 Bn |
| Sep 30, 2023 | 2.28 Bn |
| Jun 30, 2023 | 1.75 Bn |
| Mar 31, 2023 | 1.01 Bn |
| Dec 31, 2022 | 1.32 Bn |
| Sep 30, 2022 | 1.47 Bn |
| Jun 30, 2022 | 1.30 Bn |
| Mar 31, 2022 | 339.85 Mn |
| Dec 31, 2021 | 1,597.24 Bn |
| Sep 30, 2021 | 332.01 Mn |
| Jun 30, 2021 | 309.37 Mn |
| Mar 31, 2021 | -632.95 Mn |