PDD Holdings (PDD) Return on Capital Employed [ROCE] (2018 - 2026)
PDD Holdings (PDD) reported Return on Capital Employed [ROCE] of 22.53% for the quarter ended Jun 30, 2026, down 3.91 percentage points from 26.43% a year earlier and down 0.58 percentage points from the prior quarter.
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Analysis
PDD Holdings (PDD) Return on Capital Employed [ROCE] (2018 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, PDD Holdings posted Return on Capital Employed [ROCE] of 27.13%, down 18.19 percentage points from the prior year.
- Return on Capital Employed [ROCE] has a five-year change of +56.90 percentage points (years ended Dec 2020 to Dec 2025).
- By year, Return on Capital Employed [ROCE] came in at 45.32% in the year ended Dec 31, 2024 (+4.14 pp), 41.19% in the year ended Dec 31, 2023 (+9.87 pp), 31.31% in the year ended Dec 31, 2022 (+22.16 pp) and 9.15% in the year ended Dec 31, 2021 (+38.92 pp).
- The figure for the quarter ended Jun 30, 2026 ranks as the lowest quarterly Return on Capital Employed [ROCE] since the quarter ended Sep 30, 2024.
- Year over year, Return on Capital Employed [ROCE] has now declined in each of the last three quarters, with an average year-over-year change of -1.22 percentage points over the last eight quarters.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was the quarter ended Jun 30, 2025 (a gain of 26.39 percentage points); the low point was the quarter ended Sep 30, 2024 (a drop of 31.98 percentage points).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at 23.10% (quarter ended Mar 31, 2026), 23.07% (quarter ended Dec 31, 2025) and 24.63% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 18.96% |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 19.78% |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 33.64% |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 2.15% |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | 15.96% |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 13.04% |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 85.44% |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | 20.03% |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 96.01% |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | 22.60% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.60% |
| Mar 31, 2026 | 22.98% |
| Dec 31, 2025 | 23.09% |
| Sep 30, 2025 | 24.74% |
| Jun 30, 2025 | 26.67% |
| Mar 31, 2025 | 31.06% |
| Dec 31, 2024 | 35.79% |
| Sep 30, 2024 | 0.05% |
| Jun 30, 2024 | 0.05% |
| Mar 31, 2024 | 36.34% |
| Dec 31, 2023 | 33.46% |
| Sep 30, 2023 | 31.60% |
| Jun 30, 2023 | 29.19% |
| Mar 31, 2023 | 27.79% |
| Dec 31, 2022 | 29.63% |
| Sep 30, 2022 | 24.59% |
| Jun 30, 2022 | 20.55% |
| Mar 31, 2022 | 13.48% |
| Dec 31, 2021 | 8.76% |
| Sep 30, 2021 | -2.58% |
API Access
PDD Holdings Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=PDD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "PDD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=PDD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();