Growth Metrics

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

Historic Operating Margin for Holdings (PDD) over the last 9 years, with Q3 2025 value amounting to 23.11%.

  • Holdings' Operating Margin fell 13400.0% to 23.11% in Q3 2025 from the same period last year, while for Sep 2025 it was 22.11%, marking a year-over-year decrease of 61200.0%. This contributed to the annual value of 27.53% for FY2024, which is 38300.0% up from last year.
  • Per Holdings' latest filing, its Operating Margin stood at 23.11% for Q3 2025, which was down 13400.0% from 24.8% recorded in Q2 2025.
  • In the past 5 years, Holdings' Operating Margin ranged from a high of 33.55% in Q2 2024 and a low of 18.71% during Q1 2021
  • Moreover, its 5-year median value for Operating Margin was 24.2% (2023), whereas its average is 20.12%.
  • Per our database at Business Quant, Holdings' Operating Margin tumbled by -859300bps in 2021 and then skyrocketed by 277600bps in 2022.
  • Holdings' Operating Margin (Quarter) stood at 25.36% in 2021, then decreased by -10bps to 22.89% in 2022, then grew by 10bps to 25.2% in 2023, then decreased by -8bps to 23.14% in 2024, then dropped by 0bps to 23.11% in 2025.
  • Its last three reported values are 23.11% in Q3 2025, 24.8% for Q2 2025, and 16.81% during Q1 2025.