PDD Holdings Income Statement (2017-2025) | PDD

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1Y 3Y 5Y 7Y 10Y All

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Income Statement	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025	Dec2025
Revenue & cost
Revenue (Quarter)	3.38B	3.57B	3.34B	4.27B	3.75B	4.69B	4.99B	5.77B	5.48B	7.21B	9.44B	12.52B	12.02B	13.36B	14.16B	15.15B	13.18B	14.52B	15.21B	17.72B
Cost of Revenue (Quarter)	1.98B	1.61B	1.56B	1.78B	1.77B	1.69B	1.97B	2.57B	2.37B	2.42B	2.98B	3.75B	3.24B	3.58B	4.34B	4.30B	4.60B	3.80B	4.26B	4.91B
Gross Profit (Quarter)	1.74B	2.35B	2.32B	3.25B	2.62B	3.51B	3.95B	4.48B	3.86B	4.63B	6.51B	8.77B	8.87B	9.81B	9.61B	10.86B	8.57B	10.72B	10.89B	12.81B
Operating items
Amortization - Intangibles (Quarter)
Research & Development (Quarter)	-0.34B	-0.36B	-0.38B	-0.32B	-0.42B	-0.39B	-0.38B	-0.35B	-0.36B	-0.38B	-0.39B	-0.40B	-0.40B	-0.40B	-0.44B	-0.52B	-0.49B	-0.50B	-0.61B	-0.71B
Share-based Compensation (IS) (Quarter)	0.15B
Selling, General & Administrative (Quarter)	-0.05B	-0.07B	-0.05B	-0.07B	-0.09B	-0.12B	-0.13B	-0.24B	-0.12B	-0.08B	-0.10B	-0.27B	-0.25B	-0.25B	-0.26B	-0.29B	-0.23B	-0.21B	-0.25B	-0.24B
Other Operating Expenses (Quarter)	-1.98B	-1.61B	-1.55B	-1.78B	-1.77B	-1.69B	-2.05B	-2.57B	-2.38B	-2.50B	-3.01B	-3.75B	-3.27B	-3.60B	-4.25B	-4.30B	-4.60B	-3.80B	-4.24B	-4.91B
Operating Expenses (Quarter)	-2.38B	-2.04B	-1.99B	-2.17B	-2.28B	-2.21B	-2.48B	-3.16B	-2.85B	-2.88B	-3.48B	-4.42B	-3.90B	-4.24B	-5.04B	-5.10B	-5.32B	-4.51B	-5.11B	-5.87B
Operating Income (Quarter)	-0.63B	0.31B	0.33B	1.08B	0.34B	1.33B	1.47B	1.32B	1.01B	1.75B	2.28B	3.15B	3.60B	4.48B	3.46B	3.51B	2.22B	3.60B	3.52B	3.96B
EBIT (Quarter)	-0.63B	0.37B	0.33B	1.08B	0.34B	1.33B	1.53B	1.32B	1.01B	1.82B	2.30B	3.15B	3.63B	4.50B	3.39B	3.51B	2.21B	3.60B	3.50B	3.96B
Non-operating items
Interest & Investment Income (Quarter)	0.15B	0.08B	0.10B	0.14B	0.13B	0.11B	0.15B	0.20B	0.21B	0.32B	0.29B	0.61B	0.70B	0.67B	0.77B	0.72B	0.03B	1.45B	1.20B	0.91B
Other Non Operating Income (Quarter)	-0.00B	0.01B	-0.00B	0.01B	0.00B	-0.03B	0.01B	-0.00B	-0.00B	0.02B	0.01B	-0.03B	0.03B	0.01B	-0.08B	0.12B	-0.03B	-0.11B	-0.01B	-0.09B
Non Operating Income (Quarter)	0.07B	0.02B	-0.01B	0.02B	0.04B	0.19B	0.08B	0.02B	0.18B	0.15B	0.04B	0.05B	0.26B	0.07B	0.00B	0.10B	0.45B	0.02B
Net income details
EBT (Quarter)	-0.47B	0.37B	0.37B	1.21B	0.50B	1.57B	1.69B	1.52B	1.23B	2.14B	2.60B	3.77B	4.34B	5.17B	4.15B	4.22B	2.24B	5.06B	4.69B	4.88B
Tax Provisions (Quarter)			-0.13B	-0.17B	-0.09B	-0.23B	-0.22B	-0.15B	-0.23B	-0.44B	-0.48B	-0.50B	-0.70B	-0.81B	-0.60B	-0.70B	-0.62B	-0.67B	-0.56B	-1.21B
Profit After Tax (Quarter)	-0.44B	0.37B	0.25B	1.04B	0.41B	1.35B	1.49B	1.37B	1.18B	1.81B	2.13B	3.28B	3.88B	4.40B	3.56B	3.76B	2.03B	4.29B	4.12B	3.51B
Equity Income (Quarter)	0.02B	-0.00B	0.01B	0.00B	-0.01B	-0.01B	0.00B	-0.01B	0.02B	0.00B	-0.01B	-0.00B	-0.01B	-0.01B	0.00B	0.02B	-0.01B	0.01B	0.01B	0.02B
Income from Continuing Operations (Quarter)	-0.47B	0.37B	0.50B	1.37B	0.59B	1.80B	1.91B	1.67B	1.46B	2.60B	3.08B	4.27B	5.05B	5.99B	4.73B	4.92B	2.86B	5.73B	5.25B	6.08B
Consolidated Net Income (Quarter)	-0.47B	0.37B	0.50B	1.37B	0.59B	1.80B	1.91B	1.67B	1.46B	2.60B	3.08B	4.27B	5.05B	5.99B	4.73B	4.92B	2.86B	5.73B	5.25B	6.08B
Income towards Parent Company (Quarter)	-0.29B	0.37B	0.50B	1.37B	0.59B	1.80B	1.91B	1.67B	1.46B	2.60B	3.08B	4.27B	5.05B	5.99B	4.73B	4.92B	2.86B	5.73B	5.25B	6.08B
Net Income towards Common Stockholders (Quarter)	-0.44B	0.37B	0.25B	1.04B	0.41B	1.33B	1.49B	1.37B	1.18B	1.81B	2.13B	3.28B	3.88B	4.40B	3.56B	3.76B	2.03B	4.29B	4.12B	3.51B
Additional items
EPS (Basic) (Quarter)	-88.98	74.59	50.69	0.21	81.41	263.40	294.68	0.27	223.29	332.39	389.84	0.61	703.79	795.95	642.13	679.22	364.86	768.28	736.03	0.63
EPS (Diluted) (Quarter)	-88.98	65.39	44.53	0.18	72.09	232.32	257.70	0.24	201.63	309.25	363.09	0.56	656.45	743.32	601.95	635.53	342.44	723.96	691.95	0.59
Shares Outstanding (Quarter)	0.00B	0.01B	0.01B	5.01B	0.01B	0.01B	0.01B	5.06B	0.01B	0.01B	0.01B	5.42B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	5.59B
Shares Outstanding (Diluted) (Quarter)	0.00B	0.01B	0.01B	5.71B	0.01B	0.01B	0.01B	5.76B	0.01B	0.01B	0.01B	5.84B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	5.93B
EBITDA (Quarter)	-0.63B	0.37B	0.33B	1.08B	0.34B	1.33B	1.53B	1.32B	1.01B	1.82B	2.30B	3.15B	3.63B	4.50B	3.39B	3.51B	2.21B	3.60B	3.50B	3.96B
Interest Expenses (Quarter)	-0.05B	-0.05B	-0.05B	-0.05B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B
Tax Rate (Quarter)			-35.47%	-14.04%	-17.66%	-14.83%	-12.81%	-10.17%	-18.94%	-20.31%	-18.53%	-13.38%	-16.18%	-15.75%	-14.44%	-16.49%	-27.52%	-13.31%	-11.93%	-24.77%

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