PDDNasdaqServices-Business Services, NECFiscal year ends December 31
PDD Holdings Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 29, 2026
$81.39+0.42 (+0.52%)
Close on Oct 19, 2026
PDD Holdings Inc. revenue by segment
By business segment
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Online marketing services and others | CN¥217.78B | CN¥197.93B | CN¥153.54B | CN¥102.93B | CN¥79.81B | CN¥47.95B | CN¥26.81B | CN¥11.52B | – | – | 50.4% | +10.0% |
| Transaction services | CN¥214.06B | CN¥195.90B | CN¥94.10B | CN¥27.63B | CN¥14.14B | CN¥5.79B | CN¥3.33B | CN¥1.60B | CN¥531.42M | CN¥48.28M | 49.6% | +9.3% |
| Online marketplace services | – | – | – | – | – | – | CN¥30.14B | CN¥13.12B | CN¥1.74B | CN¥48.28M | – | – |
| Merchandise sales | – | – | – | CN¥209.17M | CN¥7.25B | CN¥5.75B | – | – | CN¥3.39M | CN¥456.59M | – | – |
| Online marketing services | – | – | – | – | – | – | CN¥26.81B | CN¥11.52B | CN¥1.21B | – | – | – |
By region
From the segment and revenue-disaggregation notes of PDD's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.