How PDD Holdings (PDD) Makes Money: A Visual Guide
PDD Holdings (PDD) generated 418.54B CNY in revenue (TTM through Q3 2025), earning 102.27B CNY in net profit (24.4% margin). Below is an interactive breakdown of how revenue flows through the income statement.
PDD Holdings (PDD) Income Statement Flow
Frequently asked questions
How much revenue does PDD Holdings (PDD) generate?
- PDD Holdings (PDD) generated 418.54B CNY in total revenue for TTM through Q3 2025 with a net profit margin of 24.4%.
What is PDD Holdings (PDD) gross profit margin?
- PDD Holdings (PDD) reported a gross profit margin of 56.6% for TTM through Q3 2025, equivalent to 237.10B CNY in gross profit. This means PDD Holdings retains 56.6% of each revenue unit after direct costs of production.
What is PDD Holdings (PDD) operating profit margin?
- PDD Holdings (PDD) reported an operating profit margin of 22.1% for TTM through Q3 2025, equivalent to 92.50B CNY in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is PDD Holdings (PDD) net profit margin?
- PDD Holdings (PDD) reported a net profit margin of 24.4% for TTM through Q3 2025, equivalent to 102.27B CNY in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does PDD Holdings (PDD) invest in R&D?
- PDD Holdings (PDD) invested 15.28B CNY in research and development in TTM through Q3 2025 (3.7% of total revenue). R&D spending reflects investment in future products, services, and technologies.
How much does PDD Holdings (PDD) spend on capital expenditures?
- PDD Holdings (PDD) spent 967.14M CNY on capital expenditures in TTM through Q3 2025 (0.2% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is PDD Holdings (PDD) free cash flow?
- PDD Holdings (PDD) generated 111.40B CNY in free cash flow for TTM through Q3 2025 (26.6% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is PDD Holdings (PDD) effective tax rate?
- PDD Holdings (PDD) had an effective tax rate of 15.2% for TTM through Q3 2025. This is the actual percentage of pre-tax income paid as income taxes.
About this data
- What is a Sankey diagram?
- A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
- How is the data calculated?
- We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
- When was this data last updated?
- Based on company filings through TTM through Q3 2025.