PDD Holdings (PDD) Operating Income (2017 - 2025)

PDD Holdings' (PDD) quarterly Operating Income came in at $4.0 billion in Q4 2025, up 13.06% year-on-year from $3.5 billion in Q4 2024, and up 12.76% quarter-over-quarter from $3.5 billion in Q3 2025.

PDD Holdings (PDD) Operating Income (2017 - 2025) Analysis & Trends

PDD Holdings has disclosed Operating Income across 9 years of filings, most recently posting $4.0 billion for Q4 2025.

  • Operating Income for Q4 2025 came in at $4.0 billion, up 13.06% year-over-year; the trailing twelve-month figure through Dec 2025 was $13.3 billion (down 11.63% YoY), and the FY2025 annual result was $13.3 billion, down 10.37% from the prior year.
  • Operating Income came in at $4.0 billion for Q4 2025 at PDD Holdings, up from $3.5 billion in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $4.5 billion in Q2 2024 to a low of -$633.0 million in Q1 2021.
  • The 5-year median for Operating Income is $2.0 billion (2023), against an average of $2.1 billion.
  • Across the five-year window, Operating Income sank 201.92% in 2021 and soared 341.9% in 2022, its largest moves.
  • PDD Holdings' Operating Income stood at $1.1 billion in 2021, then grew by 21.91% to $1.3 billion in 2022, then soared by 138.71% to $3.2 billion in 2023, then grew by 11.15% to $3.5 billion in 2024, then rose by 13.06% to $4.0 billion in 2025.
  • The last three Operating Income figures came in at $4.0 billion (Q4 2025), $3.5 billion (Q3 2025), and $3.6 billion (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Amazon Com 2,551.03 Bn 2,407.94 Bn 171.21 Bn 23.85 Bn
2 Mercadolibre 82.72 Bn 77.07 Bn 3.86 Bn 611.00 Mn
3 DoorDash 72.09 Bn 67.22 Bn 2.04 Bn 151.00 Mn
4 PDD Holdings 62.92 Bn 38.25 Bn 12.81 Bn 3.96 Bn
5 Ebay 48.30 Bn 44.44 Bn 2.29 Bn 611.00 Mn
6 Coupang 34.44 Bn 34.35 Bn 2.30 Bn -242.00 Mn
7 Zkh 14.36 Bn 14.36 Bn 285.30 Mn -3.26 Mn
8 Wayfair 10.72 Bn 9.65 Bn 880.00 Mn -11.00 Mn
9 Maplebear 10.27 Bn 9.58 Bn 738.00 Mn 182.00 Mn
10 Chewy 7.37 Bn 6.85 Bn 1.01 Bn 128.50 Mn

Historic Data

Download Data
DateValue
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 1.08 Bn
Sep 30, 2021 332.01 Mn
Jun 30, 2021 309.37 Mn
Mar 31, 2021 -632.95 Mn