TTM
$13.80B
YoY change
-12.9%
5Y CAGR
—
Peak year (2024)
$15.08B
Cumulative operating income
$40.41B
Operating Income history chart for PDD Holdings (PDD) from 2016 to 2025
Latest: $13.14B
Operating Income growth chart for PDD Holdings (PDD) from 2016 to 2025
Latest: -12.9%
Operating Income history table for PDD Holdings (PDD) from 2016 to 2025
| 2025 | $13.14B | -12.9% | −$1.94B | ||
| 2024 | $15.08B | +85.6% | +$6.95B | ||
| 2023 | $8.13B | +90.0% | +$3.85B | ||
| 2022 | $4.28B | +296.4% | +$3.20B | ||
| 2021 | $1.08B | -176.2% | +$2.50B | ||
| 2020 | −$1.42B | +16.9% | −$204.61M | ||
| 2019 | −$1.21B | -22.4% | +$349.74M | ||
| 2018 | −$1.56B | +1633.7% | −$1.47B | ||
| 2017 | −$90.10M | +115.0% | −$48.20M | ||
| 2016 | −$41.90M | — | — |
- 2025$13.14B-12.9%
- 2024$15.08B+85.6%
- 2023$8.13B+90.0%
- 2022$4.28B+296.4%
- 2021$1.08B-176.2%
- 2020−$1.42B+16.9%
- 2019−$1.21B-22.4%
- 2018−$1.56B+1633.7%
- 2017−$90.10M+115.0%
- 2016−$41.90M—
Operating Income values are taken from PDD Holdings's reported income statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts converted to USD using IAS 21 average exchange rates (P&L / cash flow) or closing rates (balance sheet). Originally filed in CNY.
About Operating Income at PDD Holdings (PDD)
According to PDD Holdings's latest reported financial statements, the company's current operating income (TTM) is $13.80B. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, PDD Holdings (PDD) reported operating income of 93.10B CNY – declined 14.1% year-over-year.
Between 2024 and 2025, PDD Holdings operating income declined 14.1%, falling from 108.42B CNY to 93.10B CNY.
The highest annual operating income of 108.42B CNY was reported in 2024. The lowest in the available history was −10.80B CNY in 2018.
PDD Holdings Operating Income by Year
PDD Holdings Operating Income 2025: $13.14B
PDD Holdings posted operating income of 93.10B CNY ($13.14B) in 2025, declined 14.1% below 2024.
PDD Holdings Operating Income 2024: $15.08B
In 2024, PDD Holdings reported operating income of 108.42B CNY ($15.08B), surged 84.7% from 2023. This figure represents the highest annual value in the available history.
PDD Holdings Operating Income 2023: $8.13B
PDD Holdings operating income in 2023 was 58.70B CNY ($8.13B), surged 93.1% from 2022.
PDD Holdings Operating Income 2022: $4.28B
2022's operating income for PDD Holdings came in at 30.40B CNY ($4.28B), surged 340.8% from 2021.
PDD Holdings Operating Income 2021: $1.08B
PDD Holdings operating income in 2021 was 6.90B CNY ($1.08B).
See more financial history for PDD Holdings (PDD).
Sector peers by Operating Income
Consumer Cyclical peers of PDD Holdings (PDD), ranked by their latest operating income
| $79.97B | |
| $20.89B | |
| $12.39B | |
| $10.15B | |
| $9.28B | |
| $8.62B | |
| $7.18B | |
| $4.36B |
- $79.97B
- $20.89B
- $12.39B
- $10.15B
- $9.28B
- $8.62B
- $7.18B
- $4.36B
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