Operating Income for PDD Holdings (PDD)
According to PDD Holdings's latest reported financial statements, the company's current operating income (TTM) is $94.24B USD. 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 .
PDD
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$94.24B
YoY change
-15.1%
5Y CAGR
N/A
Peak year (2024)
$108.42B
Cumulative operating income
$266.87B
Operating Income history chart for PDD Holdings (PDD) from 2016 to 2025
Operating Income history table for PDD Holdings (PDD) from 2016 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $92.05B | -15.1% | ||
| 2024 | $108.42B | +84.7% | ||
| 2023 | $58.70B | +93.1% | ||
| 2022 | $30.40B | +340.8% | ||
| 2021 | $6.90B | -173.5% | ||
| 2020 | -$9.38B | +9.9% | ||
| 2019 | -$8.54B | -20.9% | ||
| 2018 | -$10.80B | +1712.9% | ||
| 2017 | -$595.72M | +108.1% | ||
| 2016 | -$286.21M | — |
Operating Income values are taken from PDD Holdings's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in CNY as filed.
Analysis
As of the 2025 fiscal year, PDD Holdings (PDD) reported operating income of $92.05B – declined 15.1% year-over-year.
Between 2024 and 2025, PDD Holdings operating income declined 15.1%, falling from $108.42B to $92.05B.
The highest annual operating income of $108.42B was reported in 2024. The lowest in the available history was -$10.80B in 2018.
Among 8 Consumer Cyclical peers, PDD Holdings (PDD) ranks 2nd; the peer median for operating income is $11.27B.
PDD Holdings Operating Income by Year
PDD Holdings Operating Income 2025: $92.05B
PDD Holdings operating income in 2025 was $92.05B, declined 15.1% below 2024.
PDD Holdings Operating Income 2024: $108.42B
PDD Holdings operating income in 2024 was $108.42B, surged 84.7% from 2023. This figure represents the highest annual value in the available history.
PDD Holdings Operating Income 2023: $58.70B
PDD Holdings operating income in 2023 was $58.70B, surged 93.1% from 2022.
PDD Holdings Operating Income 2022: $30.40B
PDD Holdings operating income in 2022 was $30.40B, surged 340.8% from 2021.
PDD Holdings Operating Income 2021: $6.90B
PDD Holdings operating income in 2021 was $6.90B.
See more financial history for PDD Holdings (PDD).
Sector peers — Operating Income
Companies in the same sector as PDD Holdings, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Alibaba Group Holding Limited (BABA) | $140.91B | Consumer Cyclical |
| Amazon.com, Inc. (AMZN) | $79.97B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | $20.89B | Consumer Cyclical |
| McDonald's Corporation (MCD) | $12.39B | Consumer Cyclical |
| Lowe's Companies, Inc. (LOW) | $10.15B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $9.28B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $7.18B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $4.36B | Consumer Cyclical |
Frequently asked questions
What is PDD Holdings's operating income?
- Latest reported operating income for PDD Holdings (PDD) is $94.24B (period ending December 31, 2025).
How has PDD Holdings operating income changed year-over-year?
- PDD Holdings (PDD) operating income changed -15.1% year-over-year on the latest annual filing.
When did PDD Holdings operating income hit its highest annual value?
- PDD Holdings operating income reached its highest annual value of $108.42B in 2024.
What was PDD Holdings operating income in 2024?
- PDD Holdings (PDD) operating income in 2024 was $108.42B.
What was PDD Holdings operating income in 2025?
- PDD Holdings (PDD) operating income in 2025 was $92.05B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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