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PDD

PDD Holdings Inc.

Price Chart
Latest Quote

$86.68

+0.94 (+1.10%)
Current Price
Previous Close $85.74
Open $86.38
Day High $87.75
Day Low $86.38
Volume 7,775,933
Fetched: 2026-07-17T02:46:01
Stock Information
Note: Financial values converted from CNY to USD
Shares Outstanding 1.42B
Total Debt $755.81M
Cash Equivalents $64.35B
Revenue $65.28B
Net Income $14.11B
Sector Consumer Cyclical
Industry Internet Retail
Market Cap $119.76B
P/E Ratio 9.14
EPS (TTM) $9.21
Exchange NMS
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📊 Comprehensive Analysis
Company Data
Enterprise Value$-312.82B
Sales$65.28B
Income$14.11B
Book/sh$44.50
Cash/sh$306.36
Employees25K
Financial Ratios
Quick Ratio2.13
Current Ratio2.54
Debt/Eq1.21
EPS Growth TTM-14.90%
Returns & Margins
ROA10.33%
ROE25.40%
Gross Margin55.98%
Operating Margin18.42%
Profit Margin21.62%
Ownership
Insider Ownership0.66%
Institutional Ownership32.13%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E6.90
PEG0.78
P/S0.27
P/B1.89
Analyst Data
Recommendationbuy
Target Price$116.08
Technical Indicators
SMA20$81.23
SMA50$86.64
SMA200$106.15
RSI69.14
ATR2.6357
Shares Float753.15M
Short Float4.43%
Short Ratio4.36
Volatility-0.01
Rel Volume1.24
Performance History
Week-1.16%
Month+3.13%
Quarter-18.87%
6 Months-21.98%
YTD-27.31%
Year-19.97%
3 Years+11.68%
5 Years-24.25%
10 Years+215.13%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-07-17 $84.14 10,515,900
2026-07-16 $86.68 8,323,400
2026-07-15 $85.74 7,095,200
2026-07-14 $83.91 8,887,200
2026-07-13 $84.56 8,048,700
2026-07-10 $85.13 4,294,400
2026-07-09 $85.88 4,625,800
2026-07-08 $84.74 8,246,600
2026-07-07 $82.53 5,984,800
2026-07-06 $83.74 8,328,800
2026-07-02 $82.39 8,488,000
2026-07-01 $82.52 10,212,500
2026-06-30 $76.28 5,659,300
2026-06-29 $76.54 6,733,700
2026-06-26 $76.55 11,322,300
2026-06-25 $73.30 15,677,400
2026-06-24 $75.74 7,943,800
2026-06-23 $76.56 9,089,200
2026-06-22 $78.11 8,468,300
2026-06-18 $79.56 11,026,100
About PDD Holdings Inc.

PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. The company operates Pinduoduo platform, which provides various product categories and interactive shopping experiences; and Temu, an online platform, which enables merchants to streamline their manufacturing and commercial operations. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. PDD Holdings Inc. was incorporated in 2015 and is based in Dublin, Ireland.

Period:
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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $27,814,868,977 $22,673,087,884 $13,513,006,293 $4,635,124,848
Cost Of Revenue $27,814,868,977 $22,673,087,884 $13,513,006,293 $4,635,124,848
Total Revenue $63,620,870,753 $58,021,174,394 $36,482,987,744 $19,234,155,268
Operating Revenue $63,620,870,753 $58,021,174,394 $36,482,987,744 $19,234,155,268
Expenses
Interest Expense $0 $0 $6,480,303 $7,609,977
Total Expenses $49,904,771,543 $42,047,976,832 $27,835,301,225 $14,755,248,500
Other Income Expense $112,011,411 $546,231,958 $440,245,769 $305,201,709
Other Non Operating Income Expenses $401,740,359 $459,625,688 $434,983,239 $327,257,458
Net Non Operating Interest Income Expense $3,769,093,076 $3,028,005,332 $1,501,825,892 $581,255,386
Interest Expense Non Operating $0 $0 $6,480,303 $7,609,977
Operating Expense $22,089,902,565 $19,374,888,948 $14,322,294,932 $10,120,123,653
Selling And Marketing Expense $18,457,812,799 $16,397,145,118 $12,108,323,223 $8,006,087,866
General And Administrative Expense $1,201,822,922 $1,112,726,890 $600,433,471 $584,126,714
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $14,414,471,049 $16,564,206,477 $8,843,299,546 $4,646,286,639
Net Interest Income $3,769,093,076 $3,028,005,332 $1,501,825,892 $581,255,386
Interest Income $3,769,093,076 $3,028,005,332 $1,508,306,196 $588,865,363
Normalized Income $14,651,469,329 $16,490,850,965 $8,838,905,333 $4,665,475,140
Net Income From Continuing And Discontinued Operation $14,414,471,049 $16,564,206,477 $8,843,299,546 $4,646,286,639
Total Operating Income As Reported $13,716,099,211 $15,973,197,562 $8,647,686,519 $4,478,906,768
Average Dilution Earnings $0 $0 $6,480,303 $7,609,977
Net Income Common Stockholders $14,414,471,049 $16,564,206,477 $8,843,299,546 $4,646,286,639
Net Income $14,414,471,049 $16,564,206,477 $8,843,299,546 $4,646,286,639
Net Income Including Noncontrolling Interests $14,414,471,049 $16,564,206,477 $8,843,299,546 $4,646,286,639
Net Income Continuous Operations $14,414,471,049 $16,564,206,477 $8,843,299,546 $4,646,286,639
Earnings From Equity Interest Net Of Tax $19,005,423 $2,537,641 $-693,450 $-22,877,075
Pretax Income $17,597,203,699 $19,547,434,853 $10,589,758,180 $5,365,363,862
Interest Income Non Operating $3,769,093,076 $3,028,005,332 $1,508,306,196 $588,865,363
Operating Income $13,716,099,211 $15,973,197,562 $8,647,686,519 $4,478,906,768
Gross Profit $35,806,001,776 $35,348,086,510 $22,969,981,451 $14,599,030,420
Per Share
Diluted EPS $9.88 $11.20 $6.06 $3.23
Basic EPS $10.47 $11.97 $6.53 $3.68
Other
Tax Effect Of Unusual Items $-52,730,669 $13,250,759 $868,317 $-2,867,247
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $18,328,955,722 $19,849,892,373 $10,869,152,262 $5,797,970,779
Total Unusual Items $-289,728,948 $86,606,271 $5,262,530 $-22,055,749
Total Unusual Items Excluding Goodwill $-289,728,948 $86,606,271 $5,262,530 $-22,055,749
Reconciled Depreciation $442,023,076 $389,063,792 $278,176,308 $402,941,190
EBITDA (Bullshit earnings) $18,039,226,774 $19,936,498,644 $10,874,414,792 $5,775,915,030
EBIT $17,597,203,699 $19,547,434,853 $10,596,238,484 $5,372,973,840
Diluted Average Shares $218,390,954 $217,912,743 $215,078,172 $212,192,885
Basic Average Shares $205,918,355 $203,897,044 $199,479,449 $186,273,181
Diluted NI Availto Com Stockholders $14,414,471,049 $16,564,206,477 $8,849,779,849 $4,653,896,616
Tax Provision $3,201,738,072 $2,985,766,017 $1,745,765,184 $696,200,148
Gain On Sale Of Security $-289,728,948 $86,606,271 $5,262,530 $-22,055,749
Research And Development $2,430,266,843 $1,865,016,940 $1,613,538,238 $1,529,909,073
Selling General And Administration $19,659,635,722 $17,509,872,009 $12,708,756,695 $8,590,214,580
Other Gand A $1,201,822,922 $1,112,726,890 $600,433,471 $584,126,714
Fetched: 2026-06-26
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $60,898,936,484 $46,155,452,179 $27,581,907,764 $17,330,639,990
Total Assets $92,820,114,893 $74,403,246,291 $51,279,965,084 $34,933,258,404
Total Non Current Assets $16,362,362,417 $13,168,639,461 $7,856,397,085 $3,020,430,565
Other Non Current Assets $15,425,870,108 $12,287,817,035 $7,064,333,027 $2,484,180,192
Non Current Deferred Assets $25,333,542 $2,356,876 $39,885,975 $153,957,111
Non Current Deferred Taxes Assets $25,333,542 $2,356,876 $39,885,975 $153,957,111
Goodwill And Other Intangible Assets $2,266,861 $2,824,185 $3,115,590 $19,741,597
Current Assets $76,457,752,476 $61,234,606,830 $43,423,567,999 $31,912,827,839
Other Current Assets $219,036,524 $235,619,954 $225,208,774 $117,716,206
Restricted Cash $10,876,989,559 $10,080,788,077 $9,131,889,686 $8,540,945,446
Prepaid Assets $415,930,525 $281,394,730 $212,992,297 $155,183,429
Receivables $2,730,011,408 $1,790,353,862 $1,853,440,286 $1,083,195,965
Taxes Receivable $445,644,426 $102,983,744 $128,405,826 $48,090,254
Accrued Interest Receivable $28,222,401 $30,207,286 $54,067,743 $17,614,545
Accounts Receivable $752,692,978 $542,047,392 $576,640,046 $86,581,226
Cash Cash Equivalents And Short Term Investments $62,215,784,460 $48,846,450,208 $32,000,036,956 $22,015,786,793
Cash And Cash Equivalents $16,043,577,514 $8,510,571,537 $8,809,109,526 $5,057,042,733
Other Intangible Assets - - $3,115,590 $19,741,597
Inventory - - - -
Debt
Total Debt $792,421,023 $1,562,677,277 $1,497,672,558 $2,494,817,955
Long Term Debt And Capital Lease Obligation $424,313,065 $470,191,409 $1,160,285,160 $360,431,537
Current Debt And Capital Lease Obligation $368,107,957 $1,092,485,868 $337,387,398 $2,134,386,417
Current Debt - $782,226,555 $95,549,375 $2,045,692,577
Other Current Borrowings - $782,226,555 $95,549,375 $2,045,692,577
Long Term Debt - - $770,724,448 $232,145,190
Net Debt - - - -
Liabilities
Total Liabilities Net Minority Interest $31,918,911,548 $28,244,969,927 $23,694,941,730 $17,582,876,817
Total Non Current Liabilities Net Minority Interest $430,478,686 $485,921,691 $1,169,099,357 $362,350,421
Non Current Deferred Liabilities $6,165,621 $15,730,282 $8,814,197 $1,918,884
Non Current Deferred Taxes Liabilities $6,165,621 $15,730,282 $8,814,197 $1,918,884
Current Liabilities $31,488,432,862 $27,759,048,236 $22,525,842,373 $17,220,526,395
Other Current Liabilities $3,453,467,223 $2,860,938,523 $3,198,489,891 $2,483,057,442
Current Deferred Liabilities $497,773,839 $434,167,363 $315,950,701 $204,728,352
Payables And Accrued Expenses $27,169,083,842 $23,371,456,482 $18,674,014,384 $12,398,354,184
Payables $25,587,725,106 $21,740,520,853 $16,687,319,424 $11,536,495,341
Other Payable $720,476,204 $593,248,374 $471,449,991 $348,378,441
Total Tax Payable $4,071,604,370 $3,359,750,253 $2,493,975,119 $1,026,958,741
Accounts Payable $20,635,572,036 $17,669,389,832 $13,539,393,932 $9,914,186,956
Other Non Current Liabilities - - - -
Equity
Common Stock Equity $60,901,203,345 $46,158,276,364 $27,585,023,354 $17,350,381,587
Total Equity Gross Minority Interest $60,901,203,345 $46,158,276,364 $27,585,023,354 $17,350,381,587
Stockholders Equity $60,901,203,345 $46,158,276,364 $27,585,023,354 $17,350,381,587
Gains Losses Not Affecting Retained Earnings $508,845,910 $1,187,752,383 $711,532,805 $490,179,183
Other Equity Adjustments $508,845,910 $1,187,752,383 $711,532,805 $490,179,183
Retained Earnings $41,863,842,636 $27,611,512,646 $11,066,708,334 $2,238,285,774
Other
Ordinary Shares Number $838,797,002 $820,381,608 $810,791,652 $777,622,912
Share Issued $838,797,002 $820,381,608 $810,791,652 $777,622,912
Tangible Book Value $60,898,936,484 $46,155,452,179 $27,581,907,764 $17,330,639,990
Invested Capital $60,901,203,345 $46,940,502,919 $28,451,297,177 $19,628,219,355
Working Capital $44,969,319,614 $33,475,558,594 $20,897,725,626 $14,692,301,443
Capital Lease Obligations $792,421,023 $780,450,722 $631,398,735 $216,980,187
Total Capitalization $60,901,203,345 $46,158,276,364 $28,355,747,802 $17,582,526,777
Additional Paid In Capital $18,528,487,987 $17,358,984,817 $15,806,756,139 $14,621,891,585
Capital Stock $26,813 $26,518 $26,076 $25,045
Common Stock $26,813 $26,518 $26,076 $25,045
Long Term Capital Lease Obligation $424,313,065 $470,191,409 $389,560,713 $128,286,347
Current Deferred Revenue $497,773,839 $434,167,363 $315,950,701 $204,728,352
Current Capital Lease Obligation $368,107,957 $310,259,313 $241,838,022 $88,693,840
Current Accrued Expenses $1,581,358,737 $1,630,935,628 $1,986,694,959 $861,858,843
Dueto Related Parties Current $160,072,495 $118,132,394 $182,500,382 $246,971,203
Net PPE $908,891,906 $875,641,366 $749,062,494 $362,551,665
Accumulated Depreciation $-662,137,268 $-578,301,114 $-477,333,046 $-379,690,504
Gross PPE $1,571,029,174 $1,453,942,480 $1,226,395,540 $742,242,168
Leases $29,564,220 $18,966,824 $10,267,098 $4,456,378
Other Properties $716,481,390 $746,096,142 $604,745,178 $208,621,514
Machinery Furniture Equipment $824,983,564 $688,879,514 $611,383,264 $529,164,277
Properties $0 $0 $0 $0
Duefrom Related Parties Current $1,503,451,603 $1,115,115,441 $1,094,326,671 $930,909,940
Other Short Term Investments $46,172,206,946 $40,335,878,670 $23,190,927,430 $16,958,744,060
Fetched: 2026-06-26
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $15,585,848,317 $17,820,525,705 $13,786,301,785 $7,052,675,051
Operating Activities
Operating Cash Flow $15,754,544,668 $17,963,007,375 $13,872,320,679 $7,146,330,735
Cash Flow From Continuing Operating Activities $15,754,544,668 $17,963,007,375 $13,872,320,679 $7,146,330,735
Operating Gains Losses $271,174,628 $-88,575,539 $-4,310,528 $46,508,740
Investing Activities
Capital Expenditure $-168,696,351 $-142,481,669 $-86,018,893 $-93,655,684
Investing Cash Flow $-6,397,247,911 $-17,436,584,045 $-8,166,310,483 $-3,294,391,664
Cash Flow From Continuing Investing Activities $-6,397,247,911 $-17,436,584,045 $-8,166,310,483 $-3,294,391,664
Net Other Investing Changes $-29,428,389 $5,258,258 $19,187,220 -
Financing Activities
Financing Cash Flow $-770,110,110 $171,484 $-1,320,107,648 $1,484,870
Cash Flow From Continuing Financing Activities $-770,110,110 $171,484 $-1,320,107,648 $1,484,870
Net Other Financing Charges $200,801 $184,891 $1,206,724 $1,484,870
Issuance Of Capital Stock - - - $0
Net Common Stock Issuance - - - $0
Common Stock Issuance - - - $0
Other
Repayment Of Debt $-770,310,912 $-13,406 $-1,321,314,372 $0
Income Tax Paid Supplemental Data $3,182,565,290 $2,577,098,523 $849,234,722 $719,121,421
End Cash Position $26,920,567,072 $18,591,359,614 $17,940,999,211 $13,597,988,179
Beginning Cash Position $18,591,359,614 $17,940,999,211 $13,597,988,179 $9,729,805,846
Effect Of Exchange Rate Changes $-257,979,189 $123,765,589 $-42,891,515 $14,758,391
Changes In Cash $8,587,186,647 $526,594,814 $4,385,902,547 $3,853,423,941
Net Issuance Payments Of Debt $-770,310,912 $-13,406 $-1,321,314,372 $0
Net Long Term Debt Issuance $-770,310,912 $-13,406 $-1,321,314,372 $0
Long Term Debt Payments $-770,310,912 $-13,406 $-1,321,314,372 $0
Net Investment Purchase And Sale $-6,199,123,172 $-17,299,360,634 $-8,099,478,810 $-3,200,741,873
Sale Of Investment $35,133,799,685 $22,161,547,433 $19,818,439,028 $21,960,896,986
Purchase Of Investment $-41,332,922,856 $-39,460,908,067 $-27,917,917,838 $-25,161,638,859
Net PPE Purchase And Sale $-168,696,351 $-142,481,669 $-86,018,893 $-93,649,791
Purchase Of PPE $-168,696,351 $-142,481,669 $-86,018,893 $-93,655,684
Change In Working Capital $1,085,343,789 $981,671,752 $3,897,619,708 $1,093,640,882
Change In Other Working Capital $63,606,475 $118,216,663 $111,222,349 $32,837,004
Change In Other Current Liabilities $-311,825,505 $-276,945,571 $-144,050,808 $-71,903,126
Change In Other Current Assets $-1,849,490,553 $-3,122,697,582 $-2,068,584,385 $-5,081,470
Change In Payables And Accrued Expense $4,120,924,625 $4,453,506,636 $6,694,906,380 $1,100,025,867
Change In Accrued Expense $1,820,861,687 $2,030,295,540 $5,047,019,897 $1,031,851,048
Change In Payable $2,300,062,938 $2,423,211,096 $1,647,886,483 $68,174,819
Change In Account Payable $2,258,122,836 $2,487,579,085 $1,712,357,303 $110,399,991
Change In Prepaid Assets $-354,546,567 $-176,811,057 $-44,313,478 $329,850,493
Change In Receivables $-583,324,687 $-13,597,337 $-651,560,350 $-292,087,886
Changes In Account Receivables $-224,453,154 $7,191,432 $-490,058,820 $12,675,831
Other Non Cash Items $-114,061,266 $-416,549,282 $-193,110,890 $-81,733,705
Stock Based Compensation $1,169,299,569 $1,456,077,782 $1,042,870,230 $1,137,093,845
Unrealized Gain Loss On Investment Securities $-1,533,028,493 $-1,004,221,475 $-149,308,329 $35,686,971
Provisionand Write Offof Assets $46,124,521 $48,602,202 $39,064,059 $17,440,704
Deferred Tax $-26,802,206 $32,731,668 $118,020,575 $-151,534,530
Deferred Income Tax $-26,802,206 $32,731,668 $118,020,575 $-151,534,530
Depreciation Amortization Depletion $442,023,076 $389,063,792 $278,176,308 $402,941,190
Depreciation And Amortization $442,023,076 $389,063,792 $278,176,308 $402,941,190
Depreciation $442,023,076 $389,063,792 $278,176,308 $402,941,190
Earnings Losses From Equity Investments $-19,005,423 $-2,537,641 $693,450 $22,877,075
Net Foreign Currency Exchange Gain Loss $289,728,948 $-86,606,271 $-5,262,530 $22,055,749
Gain Loss On Sale Of PPE $451,103 $568,373 $258,552 $1,575,916
Net Income From Continuing Operations $14,414,471,049 $16,564,206,477 $8,843,299,546 $4,646,286,639
Sale Of PPE - $79,555 $66,295 $5,893
Net Short Term Debt Issuance - - $0 $0
Short Term Debt Payments - - $0 $0
Amortization Cash Flow - - $16,826,514 $89,663,521
Amortization Of Intangibles - - $16,826,514 $89,663,521
Issuance Of Debt - - - $0
Short Term Debt Issuance - - - $0
Long Term Debt Issuance - - - $0
Fetched: 2026-06-26