Zacks Investment Research·1 day ago
Why PDD Holdings Inc. Sponsored ADR (PDD) Outpaced the Stock Market TodayIn the latest trading session, PDD Holdings Inc. Sponsored ADR (PDD) closed at $83.74, marking a +1.64% move from the previous day.
PDD Holdings Inc.(PDD)Earnings, Financials & Key Ratios
PDD•NASDAQ
$82.53
8.6× P/E·Price updated Jul 7, 2026
AboutPDD Holdings Inc., a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace. It focuses on bringing businesses and people into the digital economy. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. The company was incorporated in 2015 and is based in Dublin, Ireland.Show more
- Revenue$431.85B+9.7%
- EBITDA$96.1B-11.9%
- Net Income$97.84B-13.0%
- EPS (Diluted)65.24-14.2%
- Gross Margin56.28%-7.6%
- EBITDA Margin22.25%-19.7%
- Operating Margin21.56%-21.7%
- Net Margin22.66%-20.6%
- ROE26.86%-40.2%
PDD Price & Volume
PDD Holdings Inc. (PDD) stock price & volume — 10-year historical chart
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Decelerating Growth Challenges PDD's Margin Sustainability
Investment Thesis • Updated 2025Q4
VerdictNeutral
Growth:Decelerating
Profitability:Moderate
Financial:Fortress
Cash Flow:Robust
Primary Risk:Cross-border regulatory policy shifts
Key Thesis Takeaways
- PDD Holdings faces a critical transition as top-line revenue growth has decelerated sharply from 130.7% in 2024Q1 to 12.0% by 2025Q4, signaling potential market saturation for its international expansion.
- While the company maintains a fortress balance sheet with $182.8B in cash and a negligible 0.01 debt-to-equity ratio, the compression of operating margins from 33.6% to 21.1% over the same period suggests rising fulfillment costs.
- Investors should monitor whether the company can stabilize its earnings quality, which is currently pressured by $1.8B in quarterly stock-based compensation and volatile cash conversion cycles.
Verdict Logic
while the stock trades at a low 7.97 P/E TTM, the 10.8% year-over-year decline in 2025Q4 EPS and ongoing regulatory risks warrant a cautious approach.
PDD Growth Metrics
PDD Holdings Inc. (PDD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years48.65%
3 Years49%
TTM9.65%
Profit CAGR
10 Years-
5 Years-
3 Years45.85%
TTM-12.98%
EPS CAGR
10 Years-
5 Years-
3 Years43.84%
TTM-11.89%
Return on Capital
10 Years-17.43%
5 Years28.54%
3 Years34.98%
Last Year25.34%
PDD Recent Earnings
PDD Holdings Inc. (PDD) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 27, 2026Metric
Actual
Est
EPS
$1.38-42.5%
$2.40
Rev
$15.4B-3.3%
$15.9B
Q2 2026
Mar 25, 2026Metric
Actual
Est
EPS
$2.53-15.1%
$2.98
Rev
$17.7B-0.5%
$17.8B
Q4 2025
Nov 18, 2025Metric
Actual
Est
EPS
$2.96+33.9%
$2.21
Rev
$15.2B-13.5%
$17.6B
Q3 2025
Aug 25, 2025Metric
Actual
Est
EPS
$3.08+61.3%
$1.91
Rev
$14.5B-3.9%
$15.1B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 27, 2026 | $1.38vs $2.40-42.5% | $15.4Bvs $15.9B-3.3% |
| Q2 2026 | Mar 25, 2026 | $2.53vs $2.98-15.1% | $17.7Bvs $17.8B-0.5% |
| Q4 2025 | Nov 18, 2025 | $2.96vs $2.21+33.9% | $15.2Bvs $17.6B-13.5% |
| Q3 2025 | Aug 25, 2025 | $3.08vs $1.91+61.3% | $14.5Bvs $15.1B-3.9% |
Based on last 12 quarters of dataView full earnings history →
Latest PDD News
Recent stock market news and headlines for PDD Holdings Inc. (PDD)
Zacks Investment Research·1 day ago
PDD Holdings Inc. Sponsored ADR (PDD) is Attracting Investor Attention: Here is What You Should KnowRecently, Zacks.com users have been paying close attention to PDD Holdings Inc. Sponsored ADR (PDD). This makes it worthwhile to examine what the stock has in store.
Reuters·Jul 1, 2026
EU slaps €3 fee on cheap ecommerce parcels in blow to Shein, Temu, AliExpressEurope on Wednesday took a first step towards curbing what it calls unfair competition from online retailers such as Shein, Temu and AliExpress by imposing a €3 fee on low-value e-commerce imports from China that previously entered the bloc duty-free.
Seeking Alpha·Jun 24, 2026
PDD Holdings: Headline Numbers Of 2.4% Hide The True GrowthPDD Holdings is deeply undervalued at 4x ex-cash operating earnings, with market fears of domestic collapse unjustified by core growth metrics. Headline ad revenue growth is distorted by coupon accounting; true underlying ad growth is likely 12-15%, and operating profit rose 22%. Temu's business model is transitioning due to tariffs, with longer-term benefits from a less capital-intensive, more monetizable, semi-managed approach.
Zacks Investment Research·Jun 23, 2026
PDD Holdings Inc. Sponsored ADR (PDD) Is a Trending Stock: Facts to Know Before Betting on ItZacks.com users have recently been watching PDD Holdings Inc. Sponsored ADR (PDD) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Peers Comparison
Key metrics vs top competitors for PDD Holdings Inc. (PDD)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $82.53 | $117.47B | 8.59 | 9.65% | 22.66% | 26.86% | — | |
| $98.14 | $229.03B | 15.15 | 2.74% | 10.12% | 9.35% | — | |
| $26.49 | $35.77B | 13.95 | 12.97% | 1.5% | 6.52% | — | |
| $13.54 | $6.66B | 6.50 | -2.31% | 6.84% | 16.92% | — | |
| $104.23 | $63.84B | 41.36 | 36.38% | 6.92% | 15.18% | — | |
| $1813.61 | $91.94B | 46.04 | 39.06% | 6.04% | 29.58% | — |
Compare PDD vs Peers
PDD Holdings Inc. (PDD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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PDD Frequently Asked Questions
PDD Holdings Inc. (PDD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is PDD Holdings Inc.'s revenue?
PDD Holdings Inc. (PDD) reported $431.85B in revenue for fiscal year 2025. This represents a 85437% increase from $504.9M in 2016.
How fast is PDD Holdings Inc. growing?
PDD Holdings Inc. (PDD) grew revenue by 9.7% over the past year. This is steady growth.
Is PDD profitable?
Yes, PDD Holdings Inc. (PDD) is profitable, generating $97.84B in net income for fiscal year 2025 (22.7% net margin).
Dividend & Returns
What is PDD's return on equity?
PDD Holdings Inc. (PDD) has a return on equity (ROE) of 26.9%. This is excellent, indicating efficient use of shareholder capital.
What is PDD Holdings Inc.'s free cash flow?
PDD Holdings Inc. (PDD) generated $106.94B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.