Online Marketing Services & Others was PDD Holdings’s largest product and service line in fiscal 2025, bringing in $217.78B of $431.85B (50%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Online Marketing Services & Others | $102.93B | $153.54B | $197.93B | $217.78B | ||||||
| Transaction Services | $27.63B | $94.10B | $195.90B | $214.06B | ||||||
| Merchandise Sales | — | — | — | — | ||||||
| Online Marketing Services | — | — | — | — | ||||||
| Online Marketplace Services | — | — | — | — | ||||||
| Total | $130.56B | $247.64B | $393.84B | $431.85B |
PDD Holdings brought in $431.85B from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 9.7% from $393.84B in fiscal 2024. Online Marketing Services & Others was the largest at $217.78B (50.4%), ahead of Transaction Services at $214.06B (49.6%).
Compared with fiscal 2024, Online Marketing Services & Others grew 10.0% to $217.78B and Transaction Services grew 9.3% to $214.06B. From fiscal 2022 to 2025, combined revenue from these lines grew from $130.56B to $431.85B, a compound annual growth rate of 49.0%. Online Marketing Services & Others' share of the total fell from 78.8% to 50.4%.
PDD Holdings (PDD) reports its revenue by product and service. In fiscal 2025, Online Marketing Services & Others was its largest product and service line, bringing in $217.78B (50.4% of the total), followed by Transaction Services at $214.06B (49.6%).
Online Marketing Services & Others was PDD Holdings' largest product and service line in fiscal 2025, bringing in $217.78B, or 50.4% of the $431.85B total across its two product and service lines.
Online Marketing Services & Others grew faster than Transaction Services in fiscal 2025, up 10.0% from $197.93B to $217.78B. Transaction Services grew 9.3% to $214.06B.
Every figure comes from PDD Holdings' annual financial filings, as reported. Each line keeps the name PDD Holdings gives it, and years follow its fiscal calendar.
PDD Holdings' revenue by product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.