PDD Holdings Inc.
Close on Nov 2, 2026Market cap $116.26BP/E 8.3Yield –
PDD Non-GAAP Reconciliation: Non-GAAP Net Income by Year
Non-GAAP Reconciliation: Non-GAAP Net Income Attributable to Ordinary Shareholders (RMB million) (M)
PDD Non-GAAP Reconciliation: Non-GAAP Net Income: 107,301M in FY2025, down 12.3% from a year earlier.
Where the FY2025 figure comes from
“|| Non-GAAP net income attributable to ordinary shareholders | 29,850,921 | 26,295,423 | 3,760,195 | 122,343,561 | 107,301,440 | 15,343,902”
Source: PDD Holdings Inc. Form 6-K (tm269789d1_ex99-1.htm, filed 2026-03-26) ↗
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Non-GAAP Reconciliation: Non-GAAP Net Income Attributable to Ordinary Shareholders (RMB million) (M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 107,301 | -12.3% | PDD Holdings Inc. Form 6-K (tm269789d1_ex99-1.htm, filed 2026-03-26) ↗ |
| FY2024 | Dec 31, 2024 | 122,344 | +80.2% | PDD Holdings Inc. Form 6-K (tm269789d1_ex99-1.htm, filed 2026-03-26) ↗ |
| FY2023 | Dec 31, 2023 | 67,899 | +71.8% | PDD Holdings Inc. Form 6-K (tm259886d1_ex99-1.htm, filed 2025-03-20) ↗ |
| FY2022 | Dec 31, 2022 | 39,530 | +185.8% | PDD Holdings Inc. Form 6-K (tm249325d1_ex99-1.htm, filed 2024-03-21) ↗ |
| FY2021 | Dec 31, 2021 | 13,830 | -566.4% | PDD Holdings Inc. Form 6-K (tm2310024d1_ex99-1.htm, filed 2023-03-22) ↗ |
| FY2020 | Dec 31, 2020 | -2,965 | -30.5% | PDD Holdings Inc. Form 6-K (tm229947d1_ex99-1.htm, filed 2022-03-22) ↗ |
| FY2019 | Dec 31, 2019 | -4,266 | +23.4% | PDD Holdings Inc. Form 6-K (a21-10044_1ex99d1.htm, filed 2021-03-18) ↗ |
| FY2018 | Dec 31, 2018 | -3,456 | – | PDD Holdings Inc. Form 6-K (a20-12514_1ex99d1.htm, filed 2020-03-12) ↗ |
Breakdown
What makes up non-GAAP Reconciliation: Non-GAAP Net Income
- Non-GAAP Net Income Growth (% YoY reported in earnings release)–
- Non-GAAP Net Income (US$ million)15,344 · FY2025
- Non-GAAP Operating Profit / Loss (RMB million)102,561 · FY2025
- Non-GAAP Diluted Earnings per ADS (RMB)72 · FY2025
- Total Share-Based Compensation Expenses — SBC (RMB million)7,937 · FY2025
- Non-GAAP Adjustment: Convertible Bonds Interest Adjustment (legacy FY2019–FY2023Q4 — RMB million)44 · FY2023
- Non-GAAP Adjustment: Fair Value Change of Long-term Investments (legacy FY2020–FY2024Q4 — RMB million)25.5 · FY2024
Cite this data
StockData. (2026). PDD Non-GAAP Reconciliation: Non-GAAP Net Income (M), annual FY2018–FY2025 [Data set]. Compiled from PDD SEC filings and investor materials. https://stockdatahq.com/stocks/pdd/kpis/sec-recon-nongaap-net-income-ordinary-rmb-m-290
See every metric in the PDD KPI table. Data updated Oct 27, 2026.