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: Operating Expenses by Year
Income Statement: Operating Expenses (RMB million) (M)
PDD Income Statement: Operating Expenses: 149,942M in FY2025, up 14.0% from a year earlier. That is the highest of the 10 years on record here.
Latest, FY2025
149,942
Period ended Dec 31, 2025
Change on a year earlier
+14.0%
131,513 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: Operating Expenses (RMB million) (M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 149,942 | +14.0% | PDD Holdings Inc. Form 20-F (filed 2026-04-29) ↗ |
| FY2024 | Dec 31, 2024 | 131,513 | +35.3% | PDD Holdings Inc. Form 20-F (filed 2025-04-28) ↗ |
| FY2023 | Dec 31, 2023 | 97,217 | +41.5% | PDD Holdings Inc. Form 20-F (filed 2024-04-25) ↗ |
| FY2022 | Dec 31, 2022 | 68,693 | +24.1% | PDD Holdings Inc. Form 20-F (filed 2023-04-26) ↗ |
| FY2021 | Dec 31, 2021 | 55,335 | +11.6% | PDD Holdings Inc. Form 20-F (filed 2022-04-25) ↗ |
| FY2020 | Dec 31, 2020 | 49,594 | +53.3% | PDD Holdings Inc. Form 20-F (filed 2021-04-30) ↗ |
| FY2019 | Dec 31, 2019 | 32,341 | +53.9% | PDD Holdings Inc. Form 20-F (filed 2020-04-24) ↗ |
| FY2018 | Dec 31, 2018 | 21,015 | +1,199.6% | PDD Holdings Inc. Form 20-F (filed 2019-04-24) ↗ |
| FY2017 | Dec 31, 2017 | 1,617 | +658.4% | PDD Holdings Inc. Form 20-F (filed 2019-04-24) ↗ |
| FY2016 | Dec 31, 2016 | 213 | – | PDD Holdings Inc. Form 20-F (filed 2019-04-24) ↗ |
Cite this data
StockData. (2026). PDD Income Statement: Operating Expenses (M), annual FY2016–FY2025 [Data set]. Compiled from PDD SEC filings and investor materials. https://stockdatahq.com/stocks/pdd/kpis/operating-expenses-424
See every metric in the PDD KPI table. Data updated Oct 27, 2026.