PDD financials
PDD Holdings Inc. · end-of-day data as of Oct 16, 2026
PDD Holdings Inc.
$80.97-2.0%
Buy · 37 analystsPT $109.90 +35.7%
PDD reported revenue of $112B for the quarter ended Jun 30, 2026 (Q2 FY2026), up 8.1% from a year earlier. It posted diluted EPS of $18.40, free cash flow of $25.67B and a net margin of 24.2%.
Valuation
- P/E1.3x
- P/E vs own-19.5%
- P/E vs sector-93.4%
- FCF yield+98.2%
- Market cap$114B
Quarterly results
Q2 FY2026: Revenue +8.1% year over year, free cash flow 22.8% of revenue, operating margin 24.7%.
RevenueFree cash flow
| Q2 FY2026 | Jun 30, 2026 | $112B | 18.40 | $25.67B | 57.3% | 24.7% | 24.2% |
| Q1 FY2026 | Mar 31, 2026 | $106B | 8.40 | $16.45B | 55.9% | 18.4% | 11.8% |
| Q4 FY2025 | Dec 31, 2025 | $124B | 16.52 | $24.12B | 55.5% | 21.1% | 18.6% |
| Q3 FY2025 | Sep 30, 2025 | $108B | 19.72 | $45.66B | 56.7% | 23.1% | 27.1% |
| Q2 FY2025 | Jun 30, 2025 | $104B | 20.76 | $21.64B | 55.9% | 24.8% | 29.6% |
| Q1 FY2025 | Mar 31, 2025 | $95.67B | 9.96 | $15.52B | 57.2% | 16.8% | 15.4% |
| Q4 FY2024 | Dec 31, 2024 | $111B | 18.52 | $28.58B | 56.8% | 23.1% | 24.8% |
| Q3 FY2024 | Sep 30, 2024 | $99.35B | 16.92 | $27.52B | 60.0% | 24.5% | 25.1% |
| Q2 FY2024 | Jun 30, 2024 | $97.06B | 21.60 | $43.79B | 65.3% | 33.6% | 33.0% |
| Q1 FY2024 | Mar 31, 2024 | $86.81B | 18.96 | $21.07B | 62.3% | 29.9% | 32.3% |
| Q4 FY2023 | Dec 31, 2023 | $88.88B | 15.84 | $36.31B | 60.5% | 25.2% | 26.2% |
| Q3 FY2023 | Sep 30, 2023 | $68.84B | 10.60 | $32.54B | 61.0% | 24.2% | 22.6% |