PDD Holdings Inc.
PDDNasdaqServices-Business Services, NECFiscal year ends December 31
$81.68+3.07 (+3.91%)
Close on Nov 2, 2026Market cap $116.26BP/E 8.2Yield –
PDD Income Statement: Cost of Revenue (RMB million) by Year
Income Statement: Cost of Revenue (RMB million) (M)
PDD Income Statement: Cost of Revenue (RMB million): 188,802M in FY2025, up 22.7% from a year earlier. That is the highest of the 10 years on record here.
Latest, FY2025
188,802
Period ended Dec 31, 2025
Change on a year earlier
+22.7%
153,900 in FY2024
History
10 years
Since FY2016
Sources
8
Documents cited below
Where the FY2025 figure comes from
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Income Statement: Cost of Revenue (RMB million) (M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 188,802 | +22.7% | PDD Holdings Inc. Form 20-F (filed 2026-04-29) ↗ |
| FY2024 | Dec 31, 2024 | 153,900 | +67.8% | PDD Holdings Inc. Form 20-F (filed 2025-04-28) ↗ |
| FY2023 | Dec 31, 2023 | 91,724 | +191.5% | PDD Holdings Inc. Form 20-F (filed 2024-04-25) ↗ |
| FY2022 | Dec 31, 2022 | 31,462 | -0.8% | PDD Holdings Inc. Form 20-F (filed 2023-04-26) ↗ |
| FY2021 | Dec 31, 2021 | 31,718 | +64.5% | PDD Holdings Inc. Form 20-F (filed 2022-04-25) ↗ |
| FY2020 | Dec 31, 2020 | 19,279 | +204.1% | PDD Holdings Inc. Form 20-F (filed 2021-04-30) ↗ |
| FY2019 | Dec 31, 2019 | 6,339 | +118.2% | PDD Holdings Inc. Form 20-F (filed 2020-04-24) ↗ |
| FY2018 | Dec 31, 2018 | 2,905 | +301.9% | PDD Holdings Inc. Form 20-F (filed 2019-04-24) ↗ |
| FY2017 | Dec 31, 2017 | 723 | +25.1% | PDD Holdings Inc. Form 20-F (filed 2019-04-24) ↗ |
| FY2016 | Dec 31, 2016 | 578 | – | PDD Holdings Inc. Form 20-F (filed 2019-04-24) ↗ |
Cite this data
StockData. (2026). PDD Income Statement: Cost of Revenue (RMB million) (M), annual FY2016–FY2025 [Data set]. Compiled from PDD SEC filings and investor materials. https://stockdatahq.com/stocks/pdd/kpis/cost-of-revenue-418
See every metric in the PDD KPI table. Data updated Oct 27, 2026.