PDD Holdings (PDD) Stock Price

PDD Holdings Price

🇨🇳NASDAQ·CLOSED
85.07CNY
Market closed
Today +/-
Today %

PDD Holdings (PDD) Stock | ISIN US7223041028 | WKN A2JRK6. The current PDD Holdings stock price is 85.07 CNY (2026). Revenue is 498.61 B CNY. Net income is 525.76 B CNY. The P/E ratio is 0.96. Market capitalization is 504.43 B CNY. PDD Holdings operates in the Cyclical consumption sector.

PDD Holdings stock price

Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of PDD Holdings over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how PDD Holdings stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing PDD Holdings's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

PDD Holdings Stock Price History
DatePDD Holdings Price
Access this data via the Eulerpool API

PDD Holdings Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2016
505 M CNY
-286 M CNY
-322 M CNY
Jan 1, 2017
1.74 B CNY
-586 M CNY
-499 M CNY
Jan 1, 2018
13.12 B CNY
-10.8 B CNY
-10.3 B CNY
Jan 1, 2019
30.14 B CNY
-8.54 B CNY
-6.97 B CNY
Jan 1, 2020
59.49 B CNY
-9.38 B CNY
-7.18 B CNY
Jan 1, 2021
93.95 B CNY
6.9 B CNY
7.77 B CNY
Jan 1, 2022
130.56 B CNY
30.4 B CNY
31.54 B CNY
Jan 1, 2023
247.64 B CNY
58.7 B CNY
60.03 B CNY
Jan 1, 2024
393.84 B CNY
108.42 B CNY
112.43 B CNY
Jan 1, 2025
431.85 B CNY
94.62 B CNY
99.36 B CNY
Invalid Date
498.61 B CNY
127.94 B CNY
525.76 B CNY
Invalid Date
561.83 B CNY
154.88 B CNY
610.67 B CNY
Invalid Date
608.64 B CNY
129.89 B CNY
658.18 B CNY
Invalid Date
655.54 B CNY
130.06 B CNY
695.59 B CNY
Invalid Date
660.65 B CNY
130.19 B CNY
723.75 B CNY

PDD Holdings Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 10, 2026, 12:34 PM
 
REVENUE (M CNY)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M CNY)
NET INCOME (M CNY)
NET INCOME GROWTH (%)
SHARES (M)
DOCUMENTS
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales PDD Holdings generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue PDD Holdings retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare PDD Holdings's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares PDD Holdings has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against PDD Holdings's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

PDD Holdings stock margins

The PDD Holdings margin analysis displays the gross margin, EBIT margin, as well as the profit margin of PDD Holdings. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for PDD Holdings.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2016
-14.46 %
-56.63 %
-63.76 %
Jan 1, 2017
58.54 %
-33.6 %
-28.61 %
Jan 1, 2018
77.86 %
-82.32 %
-78.49 %
Jan 1, 2019
78.97 %
-28.33 %
-23.12 %
Jan 1, 2020
67.59 %
-15.77 %
-12.07 %
Jan 1, 2021
66.24 %
7.34 %
8.27 %
Jan 1, 2022
75.9 %
23.29 %
24.16 %
Jan 1, 2023
62.96 %
23.7 %
24.24 %
Jan 1, 2024
60.92 %
27.53 %
28.55 %
Jan 1, 2025
56.28 %
21.91 %
23.01 %
Invalid Date
56.28 %
25.66 %
105.45 %
Invalid Date
56.28 %
27.57 %
108.69 %
Invalid Date
56.28 %
21.34 %
108.14 %

PDD Holdings Stock Revenue, EBIT, Earnings per Share

The PDD Holdings earnings per share therefore indicates how much revenue PDD Holdings has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2016
0.11 CNY
-0.06 CNY
-0.07 CNY
Jan 1, 2017
0.39 CNY
-0.13 CNY
-0.11 CNY
Jan 1, 2018
4.42 CNY
-3.64 CNY
-3.47 CNY
Jan 1, 2019
6.51 CNY
-1.85 CNY
-1.51 CNY
Jan 1, 2020
12.48 CNY
-1.97 CNY
-1.51 CNY
Jan 1, 2021
16.44 CNY
1.21 CNY
1.36 CNY
Jan 1, 2022
22.66 CNY
5.28 CNY
5.47 CNY
Jan 1, 2023
42.41 CNY
10.05 CNY
10.28 CNY
Jan 1, 2024
66.56 CNY
18.33 CNY
19 CNY
Jan 1, 2025
72.83 CNY
15.96 CNY
16.76 CNY
Invalid Date
84.09 CNY
21.58 CNY
88.67 CNY
Invalid Date
94.75 CNY
26.12 CNY
102.99 CNY
Invalid Date
102.64 CNY
21.91 CNY
111 CNY

PDD Holdings business model & stock analysis

Pinduoduo Inc. is an internet company that was founded in 2015 by Colin Huang, a former Google engineer and entrepreneur. The company is based in Shanghai and specializes in e-commerce. Pinduoduo has become one of the largest online sales platforms in China within a few years and had over 788 million active customers in 2020. Pinduoduo's business model is based on a social shopping experience. Customers can search for and purchase products on the platform by sending invitations to friends and family to join them. These individuals can also purchase products and receive quantity discounts based on the number of people who join the group. Through this social concept, Pinduoduo allows its customers to buy products at a lower price and thus strengthens the relationship between buyers and sellers. Pinduoduo offers a wide range of products, including clothing, electronics, food, household items, and beauty products. The company has also built its own brand that is sold on the platform. The company focuses on selling products directly to end consumers and collaborates with farmers, factories, and small retailers to offer high-quality products at affordable prices. Pinduoduo's business model relies on multiple areas of business. The company earns money through the sale of advertising on its platform by allowing retailers to highlight their products. Pinduoduo also provides financial services such as e-loans and insurance to help sellers and buyers on the platform. The company has also built its own shipping centers and logistics networks to expedite product delivery. One of Pinduoduo's key strategies is expanding its reach by tapping into new markets and introducing new categories of products. Pinduoduo has developed a dedicated local e-commerce platform for rural areas to make online shopping more accessible and convenient in rural areas. The company has also provided a mobile development platform for developers to integrate new applications and features on the platform. Pinduoduo has experienced high demand for its services during the COVID-19 pandemic as people in China increasingly shop online and retailers on the platform can quickly and safely deliver their products. The company has also launched a range of initiatives in recent months to support small businesses affected by the pandemic, such as grants and free platform usage fees. Overall, Pinduoduo has become a rapidly growing e-commerce company that focuses on providing high-quality products at competitive prices. The company has also established itself as a leader in innovation and adapting to the changing needs of consumers.

PDD Holdings SWOT Analysis

Strengths

Pinduoduo Inc has experienced significant growth in the Chinese market due to its unique business model that combines social networking with e-commerce.

The company has a large and engaged user base, with a focus on tier-three and lower-tier cities, which provides access to a large untapped market in China.

Pinduoduo benefits from a low-cost model that allows it to offer products at attractive prices, appealing to price-sensitive consumers.

Weaknesses

As a relatively young company, Pinduoduo lacks the global brand recognition enjoyed by its competitors.

The company's heavy reliance on its WeChat platform exposes it to potential changes in policies or regulations by WeChat's owner, Tencent.

Pinduoduo faces challenges related to product quality control on its platform, which can lead to negative customer experiences and erode trust.

Opportunities

The continued growth of e-commerce in China presents an opportunity for Pinduoduo to capture more market share.

Expansion into international markets could help Pinduoduo diversify its revenue streams and reduce its dependence on the Chinese market.

The company could leverage emerging technologies like artificial intelligence and big data to enhance its recommendation algorithms and provide an even better user experience.

Threats

Intense competition from established e-commerce giants in China, such as Alibaba and JD.com, poses a threat to Pinduoduo's market position.

Changes in government regulations or economic policies could impact the company's operations and growth prospects.

Counterfeit and low-quality products sold on Pinduoduo's platform could harm its reputation and lead to legal issues.

PDD Holdings Eulerpool Fair Value

PDD Holdings historical P/E ratio, EBIT multiple, and P/S ratio

PDD Holdings annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

PDD Holdings shares outstanding

The number of shares was PDD Holdings in 2025 — This indicates how many shares 5.93 B is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2016
4.43 B base_Shares
Jan 1, 2017
4.43 B base_Shares
Jan 1, 2018
2.97 B base_Shares
Jan 1, 2019
4.63 B base_Shares
Jan 1, 2020
4.77 B base_Shares
Jan 1, 2021
5.71 B base_Shares
Jan 1, 2022
5.76 B base_Shares
Jan 1, 2023
5.84 B base_Shares
Jan 1, 2024
5.92 B base_Shares
Jan 1, 2025
5.93 B base_Shares
Invalid Date
5.93 B base_Shares
Invalid Date
5.93 B base_Shares
Invalid Date
5.93 B base_Shares
Price targets and forecasts for PDD Holdings are not yet available.

PDD Holdings Earnings Estimates

PDD Holdings Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/25/202616.8CNY110.43 BCNY2026 Q1
3/18/202621.05CNY125.74 BCNY2025 Q4
11/18/202517.01CNY109.49 BCNY2025 Q3
11/26/202419.98CNY103.67 BCNY2024 Q3
5/24/20247.44CNY68.24 BCNY2024 Q1
3/18/202411.01CNY78.22 BCNY2023 Q4
11/27/20237.77CNY41.99 BCNY2023 Q3
8/28/20236.37CNY38.52 BCNY2023 Q2
5/25/20234.04CNY29.84 BCNY2023 Q1
3/20/20237.06CNY39.42 BCNY2022 Q4

EESG©

Eulerpool ESG Scorecard© for the PDD Holdings stock

30/100
28
Environment
33
Social
28
Governance
E

Environment

20
Scope 1 - Direct Emissions
Scope 2 - Indirect emissions from purchased energy
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

PDD Holdings shareholder structure

% Name
0.55062%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
0.52335%
Baillie Gifford & Co.
Baillie Gifford & Co.
0.386%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
0.24539%
Invesco Capital Management (QQQ Trust)
Invesco Capital Management (QQQ Trust)
0.20672%
State Street Investment Management (US)
State Street Investment Management (US)
0.19537%
HHLR Advisors, Ltd.
HHLR Advisors, Ltd.
0.19456%
H&H International Investment, LLC
H&H International Investment, LLC
0.19139%
HSG Holding Ltd.
HSG Holding Ltd.
0.18338%
Fidelity Management & Research Company LLC
Fidelity Management & Research Company LLC
0.15846%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
...

PDD Holdings Executives and Management Board

LC

Mr. Lei Chen

(45)

Chairman of the Board, Co-Chief Executive Officer · since 2016

JZ

Mr. Jiazhen Zhao

(41)

Co-Chief Executive Officer, Director · since 2023

JX

Mr. Junyun Xiao

(45)

Senior Vice President - Operation · since 2016

ZZ

Mr. Zhenwei Zheng

(41)

Senior Vice President - Product Development · since 2016

JL

Ms. Jun Liu

(42)

Vice President - Finance

Frequently asked questions about PDD Holdings

Pinduoduo Inc is an e-commerce platform based in China. The company's business model focuses on the concept of "team purchase" or "social commerce." It combines online shopping with social networking, allowing users to form groups and enjoy greater discounts by purchasing products together. Pinduoduo's platform encourages users to share product recommendations and discounts with friends and family, creating a viral effect. With a large user base and extensive product offerings, Pinduoduo aims to provide consumers with affordable and value-for-money products. The company's innovative business model has contributed to its rapid growth and success in the Chinese e-commerce market.

All fundamentals and in-depth analysis of PDD Holdings

Our stock analysis for PDD Holdings Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of PDD Holdings Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.