PDD Holdings Inc.

NasdaqGS:PDD Stock Report

Market Cap: US$138.2b

PDD Holdings Past Earnings Performance

Past criteria checks 6/6

PDD Holdings has been growing earnings at an average annual rate of 73.1%, while the Multiline Retail industry saw earnings growing at 18.4% annually. Revenues have been growing at an average rate of 46.1% per year. PDD Holdings's return on equity is 38.9%, and it has net margins of 29.1%.

Key information

73.1%

Earnings growth rate

72.2%

EPS growth rate

Multiline Retail Industry Growth12.6%
Revenue growth rate46.1%
Return on equity38.9%
Net Margin29.1%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

PDD Holdings (NASDAQ:PDD) Could Easily Take On More Debt

Dec 04
PDD Holdings (NASDAQ:PDD) Could Easily Take On More Debt

PDD Holdings: Cheap With A Christmas Catalyst (Rating Upgrade)

Dec 01

PDD: Near-Term Correction Doesn't Deter Our Bullish Bargain Hunt

Nov 23

PDD Holdings: Strong Buy With An Outsized CAGR Likely Until 2026

Nov 16

PDD Holdings: Brand Migration Driving Long-Term GMV Growth

Oct 25

PDD: Shop Until You Drop

Oct 16

The Market Lifts PDD Holdings Inc. (NASDAQ:PDD) Shares 52% But It Can Do More

Oct 12
The Market Lifts PDD Holdings Inc. (NASDAQ:PDD) Shares 52% But It Can Do More

Here's Why We Think PDD Holdings (NASDAQ:PDD) Might Deserve Your Attention Today

Oct 10
Here's Why We Think PDD Holdings (NASDAQ:PDD) Might Deserve Your Attention Today

PDD Stock: Chinese Stimulus Just Made The Bull Case Stronger

Sep 25

PDD Holdings Inc. (NASDAQ:PDD) Might Not Be As Mispriced As It Looks After Plunging 27%

Aug 28
PDD Holdings Inc. (NASDAQ:PDD) Might Not Be As Mispriced As It Looks After Plunging 27%

PDD Holdings: Price Crash Could Be A Buying Opportunity

Aug 28

PDD: Ready To Move Higher Post Q2 Earnings

Aug 21

PDD Holdings (NASDAQ:PDD) Seems To Use Debt Rather Sparingly

Aug 21
PDD Holdings (NASDAQ:PDD) Seems To Use Debt Rather Sparingly

Investors Should Be Encouraged By PDD Holdings' (NASDAQ:PDD) Returns On Capital

Aug 05
Investors Should Be Encouraged By PDD Holdings' (NASDAQ:PDD) Returns On Capital

PDD Holdings: Looming Tariffs Likely Won't Stop Temu

Jul 16

PDD: Strong Business Growth Thanks To Temu, Trading At Just 12x Earnings

Jun 22

PDD: Untapped Growth Engine With Hidden Cash Potential

Jun 15

Bullish: Analysts Just Made An Incredible Upgrade To Their PDD Holdings Inc. (NASDAQ:PDD) Forecasts

May 23
Bullish: Analysts Just Made An Incredible Upgrade To Their PDD Holdings Inc. (NASDAQ:PDD) Forecasts

PDD Holdings' Q1 Earnings: Great - With 1 Catch (Rating Downgrade)

May 22

PDD Holdings (NASDAQ:PDD) Has A Rock Solid Balance Sheet

May 21
PDD Holdings (NASDAQ:PDD) Has A Rock Solid Balance Sheet

PDD Holdings: Offering High Growth, Strong Profits And Stability (SA Quant)

May 08

PDD Holdings: I'm Buying This Now

Apr 08

Take Care Before Diving Into The Deep End On PDD Holdings Inc. (NASDAQ:PDD)

Apr 02
Take Care Before Diving Into The Deep End On PDD Holdings Inc. (NASDAQ:PDD)

PDD Holdings: Revenues Soar But Gross Margins Continue To Collapse

Mar 30

PDD Holdings: Blowout Earnings Show Stock Is Cheap Given Expected Growth

Mar 20

Why The 27% Return On Capital At PDD Holdings (NASDAQ:PDD) Should Have Your Attention

Mar 18
Why The 27% Return On Capital At PDD Holdings (NASDAQ:PDD) Should Have Your Attention

Here's Why We Think PDD Holdings (NASDAQ:PDD) Might Deserve Your Attention Today

Mar 03
Here's Why We Think PDD Holdings (NASDAQ:PDD) Might Deserve Your Attention Today

PDD Holdings: It's Not Temu, But Macro Concerns That Encourage Caution

Feb 15

Is PDD Holdings (NASDAQ:PDD) A Risky Investment?

Jan 17
Is PDD Holdings (NASDAQ:PDD) A Risky Investment?

PDD Holdings: The Only Survivor In China ADRs, Can Their Outperformance Last?

Jan 11

Revenue & Expenses Breakdown

How PDD Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:PDD Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24372,107108,268115,33310,368
30 Jun 24341,59398,825105,55110,152
31 Mar 24296,81479,92395,8019,977
31 Dec 23247,63960,02787,6439,574
30 Sep 23198,57846,20077,8269,763
30 Jun 23165,24241,25170,2759,614
31 Mar 23144,40137,04064,3059,491
31 Dec 22130,55831,53859,0419,653
30 Sep 22117,96828,70451,2489,474
30 Jun 22103,97019,75546,6789,198
31 Mar 2295,57713,27445,3318,915
31 Dec 2193,9507,76946,8698,466
30 Sep 2193,267-22749,8848,712
30 Jun 2185,971-2,65249,9398,094
31 Mar 2175,118-5,96648,6267,428
31 Dec 2059,492-7,18042,9116,682
30 Sep 2043,737-7,55537,3316,084
30 Jun 2037,041-9,10534,2365,406
31 Mar 2032,138-9,20931,1104,547
31 Dec 1930,142-6,96828,6003,741
30 Sep 1925,003-7,64019,2453,123
30 Jun 1920,862-6,40321,3882,328
31 Mar 1916,281-11,89417,8241,710
31 Dec 1813,120-10,29813,9451,116
30 Sep 188,645-7,86014,318643
30 Jun 185,696-6,98311,218347
31 Mar 183,092-5992,542186
31 Dec 171,744-4991,478129
31 Dec 16505-32218429

Quality Earnings: PDD has high quality earnings.

Growing Profit Margin: PDD's current net profit margins (29.1%) are higher than last year (23.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: PDD has become profitable over the past 5 years, growing earnings by 73.1% per year.

Accelerating Growth: PDD's earnings growth over the past year (134.3%) exceeds its 5-year average (73.1% per year).

Earnings vs Industry: PDD earnings growth over the past year (134.3%) exceeded the Multiline Retail industry 41.1%.

Return on Equity

High ROE: PDD's Return on Equity (38.9%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 03:25
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

PDD Holdings Inc. is covered by 79 analysts. 44 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sau Shing ChowABCI Securities Company Limited
Richard KramerArete Research Services LLP
Zixiao YangArete Research Services LLP