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PDD Holdings Inc.

PDD

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue
55,137
Cost of Revenue
21,546
Gross Profit
33,591
Gross Margin
60.9%
Operating Income
15,179
Operating Margin
27.5%
Net Income
15,741
Net Margin
28.5%
EPS (Basic)
$81.24
EPS (Diluted)
$76.00
EBITDA
15,278
EBITDA Margin
27.7%

2023

12/31/2023

Revenue
34,669
Cost of Revenue
12,841
Gross Profit
21,828
Gross Margin
63.0%
Operating Income
8,218
Operating Margin
23.7%
Net Income
8,404
Net Margin
24.2%
EPS (Basic)
$44.32
EPS (Diluted)
$41.12
EBITDA
8,328
EBITDA Margin
24.0%

2022

12/31/2022

Revenue
18,278
Cost of Revenue
4,405
Gross Profit
13,873
Gross Margin
75.9%
Operating Income
4,256
Operating Margin
23.3%
Net Income
4,415
Net Margin
24.2%
EPS (Basic)
$24.96
EPS (Diluted)
$21.92
EBITDA
4,568
EBITDA Margin
25.0%

2021

12/31/2021

Revenue
13,153
Cost of Revenue
4,441
Gross Profit
8,712
Gross Margin
66.2%
Operating Income
966
Operating Margin
7.3%
Net Income
1,088
Net Margin
8.3%
EPS (Basic)
$6.20
EPS (Diluted)
$5.44
EBITDA
1,175
EBITDA Margin
8.9%

2020

12/31/2020

Revenue
8,329
Cost of Revenue
2,699
Gross Profit
5,630
Gross Margin
67.6%
Operating Income
-1,313
Operating Margin
-15.8%
Net Income
-1,005
Net Margin
-12.1%
EPS (Basic)
$-6.04
EPS (Diluted)
$-6.04
EBITDA
-1,222
EBITDA Margin
-14.7%