PDD Holdings Income Statement (2017-2025) | PDD

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Income Statement	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025
Revenue & cost
Revenue	0.02B	0.06B	0.18B	0.22B	0.41B	0.49B	0.82B	0.68B	1.06B	1.05B	1.55B	0.92B	1.73B	2.09B	4.07B	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
Cost of Revenue	0.01B	0.06B	0.11B	0.19B	0.45B	0.47B	0.88B	0.73B	0.89B	0.97B	1.33B	1.03B	1.29B	1.48B	2.25B	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
Gross Profit	-0.00B	0.04B	0.12B	0.17B	0.35B	0.38B	0.62B	0.55B	0.83B	0.79B	1.26B	0.67B	1.35B	1.61B	2.30B	1.74B	2.35B	2.32B	3.25B	2.62B	3.51B	3.95B	4.48B	3.86B	4.63B	6.51B	8.77B	8.78B	9.77B	9.81B	10.86B	8.57B	10.61B	10.89B
Operating items
Research & Development	-0.00B	-0.01B	-0.01B	-0.01B	0.03B	0.05B	0.08B	0.10B	0.12B	0.16B	0.18B	0.21B	0.24B	0.27B	0.30B	-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
Selling, General & Administrative	-0.00B	-0.00B	-0.00B	-0.00B	0.88B	0.04B	0.05B	0.04B	0.04B	0.06B	0.05B	0.05B	0.06B	0.05B	0.06B	-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
Other Operating Expenses	-0.01B	-0.06B	-0.12B	-0.19B	-0.47B	0.47B	0.88B	0.73B	0.89B	0.97B	1.33B	1.03B	1.29B	1.48B	2.25B	-1.98B	-1.61B	-1.56B	-1.78B	-1.77B	-1.69B	-1.97B	-2.57B	-2.37B	-2.50B	-3.01B	-3.75B	-3.24B	-3.58B	-4.34B	-4.30B	-4.60B	-3.76B	-4.24B
Operating Expenses	-0.02B	-0.07B	-0.13B	-0.21B	1.35B	0.56B	1.00B	0.86B	1.05B	1.19B	1.56B	1.29B	1.58B	1.80B	2.62B	-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
Operating Income	-0.02B	-0.04B	-0.00B	-0.04B	1.00B	0.18B	0.38B	0.32B	0.22B	0.39B	0.31B	0.62B	0.23B	0.19B	0.31B	-0.63B	0.31B	0.33B	1.08B	0.34B	1.30B	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
EBIT	-0.02B	-0.04B	-0.00B	-0.04B	-1.04B	0.18B	0.38B	0.32B	0.22B	0.39B	0.31B	0.62B	0.23B	0.19B	0.31B	-0.63B	0.31B	0.33B	1.08B	0.34B	1.30B	1.47B	1.32B	1.01B	1.82B	2.30B	3.15B	3.60B	4.48B	3.46B	3.51B	2.21B	3.57B	3.50B
Non-operating items
Interest & Investment Income	0.00B	0.00B	0.01B	0.01B	0.02B	0.02B	0.03B	0.04B	0.06B	0.06B	0.07B	0.07B	0.12B	0.07B	0.10B	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
Other Non Operating Income	-0.00B	-0.00B	-0.00B	-0.00B	0.00B	0.00B	0.00B	0.00B	0.01B	0.00B	0.00B	0.00B	0.00B	0.01B	0.02B	-0.00B	0.01B	-0.00B	0.01B	0.00B	-0.03B	0.08B	-0.00B	-0.00B	0.02B	0.01B	-0.03B	0.03B	0.01B	-0.08B	0.12B	-0.03B	-0.11B	-0.04B
Non Operating Income	0.00B	0.00B			0.00B	0.00B			0.01B	0.00B	0.00B		0.01B	0.01B	0.01B	0.07B	0.02B		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	-0.01B
Net income details
EBT	-0.02B	-0.03B	0.00B	-0.03B	0.98B	0.16B	0.35B	0.28B	0.15B	-0.33B	-0.25B	0.58B	0.13B	0.12B	0.22B	-0.47B	0.44B	0.48B	1.27B	0.47B	1.41B	1.62B	1.52B	1.22B	2.14B	2.60B	3.77B	4.30B	5.15B	4.23B	4.22B	2.24B	5.01B	4.69B
Tax Provisions																		-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
Profit After Tax	-0.02B	-0.03B	0.00B	-0.03B	0.98B	0.16B	0.35B	0.28B	0.15B	0.33B	0.25B	0.58B	0.13B	0.12B	0.21B	-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
Equity Income										0.00B	0.01B	0.00B	0.00B	0.01B	0.01B	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
Income from Continuing Operations	-0.02B	-0.03B	0.00B	-0.03B	-1.02B	0.16B	0.35B	0.28B	0.15B	-0.33B	-0.25B	0.58B	0.13B	0.12B	0.22B	-0.47B	0.44B	0.61B	1.44B	0.56B	1.65B	1.84B	1.67B	1.46B	2.60B	3.08B	4.27B	5.00B	5.96B	4.83B	4.92B	2.86B	5.67B	5.25B
Consolidated Net Income	-0.02B	-0.03B	0.00B	-0.03B	-1.02B	0.16B	0.35B	0.28B	0.15B	-0.33B	-0.25B	0.58B	0.13B	0.12B	0.22B	-0.47B	0.44B	0.61B	1.44B	0.56B	1.65B	1.84B	1.67B	1.46B	2.60B	3.08B	4.27B	5.00B	5.96B	4.83B	4.92B	2.86B	5.67B	5.25B
Income towards Parent Company	-0.02B	-0.03B	0.00B	-0.03B	-1.02B	0.16B	0.35B	0.28B	0.15B	-0.33B	-0.25B	0.58B	0.13B	0.12B	0.22B	-0.47B	0.44B	0.61B	1.44B	0.56B	1.65B	1.84B	1.67B	1.46B	2.60B	3.08B	4.27B	5.00B	5.96B	4.83B	4.92B	2.86B	5.67B	5.25B
Net Income towards Common Stockholders	-0.02B	-0.03B	0.00B	-0.04B	-1.02B	-0.16B	-0.35B	0.28B	0.15B	0.33B	0.25B	0.58B	0.13B	0.12B	0.21B	-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
Additional items
EPS (Basic)				-160.06	-525.26	-0.04	-544.00	-0.06	-0.03	0.00B	381.37	873.12	188.64	167.13	0.29	-576.80	481.59	326.61	1.32	516.10	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.36	0.77	0.74
EPS (Weighted Average and Diluted)						-0.04	-544.00	-0.06	-0.03	0.00B	381.37	873.12	188.64	167.13	0.29	-576.80	422.17	286.91	1.16	457.00	0.00B	0.00B	0.00B	0.00B	309.25	363.09	0.00B	0.00B	0.00B	0.00B	0.00B	0.34	0.72	0.69
Shares Outstanding (Weighted Average)				0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	161.22	0.00B	0.00B	0.00B	0.00B	0.72B	0.00B	0.00B	0.00B	0.78B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.01B	0.00B	0.01B
Shares Outstanding (Diluted Average)						0.00B	0.00B	0.00B	0.00B	161.22	0.00B	0.00B	0.00B	0.00B	0.72B	0.00B	0.00B	0.00B	0.89B	0.00B	0.00B	0.00B	0.00B	0.00B	0.01B	0.01B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.01B	0.01B
EBITDA	-0.02B	-0.04B	-0.00B	-0.04B	-1.04B	0.18B	0.38B	0.32B	0.22B	0.39B	0.31B	0.62B	0.23B	0.19B	0.31B	-0.63B	0.31B	0.33B	1.08B	0.34B	1.30B	1.47B	1.32B	1.01B	1.82B	2.30B	3.15B	3.60B	4.48B	3.46B	3.51B	2.21B	3.57B	3.50B
Interest Expenses										0.00B	0.02B	0.02B	0.02B	0.02B	0.04B	-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																		-27.85%	-13.28%	-19.06%	-16.46%	-13.32%	-10.17%	-19.01%	-20.31%	-18.53%	-13.38%	-16.34%	-15.81%	-14.14%	-16.49%	-27.52%	-13.44%	-11.93%

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PDD Holdings Income Statement (2017-2025) | PDD

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