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 22.51%, marking a year-over-year decrease of 57600.0%. This contributed to the annual value of 27.53% for FY2024, which is 38300.0% up from last year.
  • As of Q3 2025, Holdings' Operating Margin stood at 23.11%, which was down 13400.0% from 24.8% recorded in Q2 2025.
  • In the past 5 years, Holdings' Operating Margin registered a high of 62.8% during Q4 2021, and its lowest value of 18.71% during Q1 2021.
  • Moreover, its 5-year median value for Operating Margin was 24.2% (2023), whereas its average is 22.09%.
  • In the last 5 years, Holdings' Operating Margin skyrocketed by 705200bps in 2021 and then crashed by -399200bps in 2022.
  • Over the past 5 years, Holdings' Operating Margin (Quarter) stood at 62.8% in 2021, then plummeted by -64bps to 22.89% in 2022, then increased by 10bps to 25.2% in 2023, then dropped by -8bps to 23.14% in 2024, then dropped by 0bps to 23.11% in 2025.
  • Its Operating Margin was 23.11% in Q3 2025, compared to 24.8% in Q2 2025 and 16.81% in Q1 2025.