PDD Holdings Inc. revenue

PDD Holdings Inc.'s revenue was $60.09bn in fiscal 2025, up 9.8% on the year before. Since fiscal 2016 ($76.1m) it has grown at a compound 109.9% a year.

Revenue history

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

PDD Holdings Inc.: revenue history, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	0.1	0.3	2.0	4.4	8.6	14.6	19.4	35.0	54.7	60.1
Growth on the year before	—	+239.5%	+670.0%	+119.6%	+97.5%	+68.9%	+33.5%	+80.0%	+56.4%	+9.8%
Gross profit	−0.0	0.2	1.5	3.4	5.8	9.6	14.8	22.0	33.3	33.8

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Revenue against peers

Broadline Retail: the closest covered companies by revenue. Last twelve months.

Company	Revenue	Growth	3-year growth a year
PDD Holdings Inc.	$60.09bn	9.8%	—
Coupang, Inc.	$35.46bn	9.9%	17.1%
Alibaba Group Holding Ltd	$144.18bn	4.4%	156.1%
Macy's, Inc.	$22.78bn	0.3%	-2.4%
Jd.com, Inc.	$182.16bn	13.1%	152.8%
Kohls Corp	$15.43bn	-2.9%	-4.6%

Compare with peers

Head to head: CPNG vs PDD BABA vs PDD M vs PDD JD vs PDD

More: Broadline Retail stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from PDD Holdings Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to PDD Holdings Inc.