Skip to main content
    P

    PDD Holdings Inc. (PDD)

    Official site

    CONSUMER CYCLICAL • INTERNET RETAIL • NASDAQ

    $82.42
    +0.97 (+1.19%)

    Market Cap: $115.25B

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    75%(24/32)
    Avg Surprise
    +51.96%
    Streak
    1 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$18.84
    Range$16.79 - $21.23
    11 analysts
    EPS Revisions
    1
    0
    7d
    6
    3
    30d
    EPS Estimate DriftChange to current
    90d ago$18.58+1.4%
    60d ago$18.58+1.4%
    30d ago$18.86-0.1%
    7d ago$18.840.0%
    Current$18.84
    Revenue Consensus
    $115.6B
    Range$107.7B - $119.1B
    12 analysts
    Period ending Dec 31, 2026
    EPS Consensus$15.02
    Range$7.72 - $24.72
    28 analysts
    Revenue Consensus
    $127.1B
    Range$105.3B - $140.5B
    32 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$15.02---
    Sep 26EST
    		-$18.84---
    Jun 26
    Reported Aug 24
    		$2.72$2.69+1.12%Beat-87.7%
    Mar 26
    Reported May 27
    		$9.51$16.37-41.91%Miss-16.7%
    Dec 25
    Reported Mar 25
    		$17.69$20.71-14.58%Miss-12.2%
    Sep 25
    Reported Nov 18
    		$21.08$16.57+27.22%Beat+13.4%
    Jun 25
    Reported Aug 25
    		$22.07$14.80+49.12%Beat-5.0%
    Mar 25
    Reported May 27
    		$11.41$18.96-39.82%Miss-44.9%
    Dec 24
    Reported Mar 20
    		$20.15$19.67+2.43%Beat+16.3%
    Sep 24
    Reported Nov 21
    		$18.59$19.67-5.49%Miss+60.1%
    Jun 24
    Reported Aug 26
    		$23.24$20.02+16.08%Beat+122.0%
    Mar 24
    Reported May 22
    		$20.72$10.38+99.61%Beat+199.4%
    Dec 23
    Reported Mar 20
    		$17.32$11.45+51.27%Beat+107.7%
    Sep 23
    Reported Nov 28
    		$11.61$8.39+38.38%Beat+34.7%
    Jun 23
    Reported Aug 29
    		$10.47$7.36+42.26%Beat+38.9%
    Mar 23
    Reported May 26
    		$6.92$4.44+55.86%Beat+134.6%
    Dec 22
    Reported Mar 20
    		$8.34$8.30+0.48%Beat+41.8%
    Sep 22
    Reported Nov 28
    		$8.62$5.18+66.41%Beat+295.4%
    Jun 22
    Reported Aug 29
    		$7.54$2.84+165.49%Beat+164.6%
    Mar 22
    Reported May 27
    		$2.95$1.83+61.20%Beat+294.1%
    Dec 21
    Reported Mar 21
    		$5.88$2.21+166.06%Beat+4020.0%
    Sep 21
    Reported Nov 26
    		$2.18$0.28+678.57%Beat+560.6%
    Jun 21
    Reported Aug 24
    		$2.85$-1.35+311.11%Beat+4850.0%
    Mar 21
    Reported May 26
    		$-1.52$-2.43+37.45%Beat+44.3%
    Dec 20
    Reported Mar 17
    		$-0.15$0.08-287.50%Miss+79.2%
    Sep 20
    Reported Nov 12
    		$0.33N/A+132.67%Beat+122.9%
    Jun 20
    Reported Aug 21
    		$-0.06N/A+95.68%Beat+83.3%
    Mar 20
    Reported May 22
    		$-2.73$-1.97-38.58%Miss-127.5%
    Dec 19
    Reported Mar 11
    		$-0.72N/A+53.55%Beat+58.1%
    Sep 19
    Reported Nov 20
    		$-1.44$-0.52-176.92%Miss-20.0%
    Jun 19
    Reported Aug 21
    		$-0.36N/A+73.33%Beat-620.0%
    Mar 19
    Reported May 20
    		$-1.20$-1.73+30.64%Beat-766.7%
    Dec 18
    Reported Mar 13
    		$-1.72$-1.47-17.01%Miss-71766.7%
    Sep 18
    Reported Nov 20
    		$-1.20$-1.68+28.57%Beat-3000.8%
    Jun 18
    Reported Aug 30
    		$-0.05N/AN/ABeat-167.4%
    Mar 18
    Reported May 30
    		$0.18$0.00N/ABeat+614.3%
    Dec 17
    Reported Dec 31
    		$0.00N/AN/ABeat-
    Sep 17
    Reported Sep 30
    		$-0.04N/AN/ABeat-
    Jun 17
    Reported Jun 30
    		$-0.02N/AN/ABeat-
    Mar 17
    Reported Mar 31
    		$-0.04N/AN/ABeat-

    Key Metrics

    Valuation
    P/E Ratio1.62EV/EBITDAN/A
    Price/FCF7.58xFCF Yield13.20%
    Profitability
    Profit Margin20.40%Operating Margin24.70%
    ROE22.80%ROICN/A
    Financial Health
    Debt/EquityN/AInterest Coverage1635.04x
    Current Ratio2.62xQuick Ratio2.62x
    Trading Statistics
    Beta-0.05Avg Volume5.74M
    52-Week High$139.4152-Week Low$71.94

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$79.65
    SMA 20$79.02
    SMA 50$82.40
    SMA 200$93.13
    EMA 10$80.36
    EMA 20$79.92
    EMA 50$81.50
    EMA 200$91.58

    MACD

    Line: 0.03Signal: -0.75Hist: 0.78

    ADX

    ADX: 19.1+DI: 25.9-DI: 16.0

    Aroon & PSAR

    Aroon Up92.0
    Aroon Down64.0
    PSAR$76.33

    Bollinger Bands

    Upper Band$82.74
    Lower Band$75.31
    %B Position941%(Upper)
    Band Width0.96

    RSI (14-Day)

    Neutral
    58.4

    Momentum Oscillators

    Stoch %K78.9
    Stoch %D82.8
    Williams %R-15.9
    ROC (10d)7.7%
    Momentum5.92
    CCI (20d)135.6
    MFI (14d)71.3

    Volatility Measures

    ATR (14d)$1.97(2.4%)
    StdDev (20d)1.86
    Hist Vol24.9%(Moderate)

    Volume Flow

    VWAP$81.83
    OBV-113.3M
    AD Line-158.8M
    CMF (20d)0.148

    Volume Metrics

    Avg Vol (20d)5.7M
    Vol Ratio1.0x
    VWMA (20d)$79.20

    Pivot Points

    R3$84.37
    R2$83.49
    R1$82.47
    Pivot Point$81.60
    S1$80.58
    S2$79.70
    S3$78.68

    Advanced Oscillators

    TSI-0.09
    Ultimate Osc61.5
    KST-27.10

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$112.36B$106.23B$122.20B$108.28B$103.98B$95.67B$110.61B$99.35B$97.06B$86.81B$86.81B$68.84B
    Cost of Revenue$48.02B$46.89B$54.39B$46.84B$45.86B$40.95B$47.80B$39.71B$33.70B$32.69B$32.69B$26.83B
    Gross Profit$64.34B$59.34B$67.81B$61.44B$58.13B$54.73B$62.81B$59.65B$63.36B$54.12B$54.12B$42.01B
    Operating Expenses$36.58B$39.77B$40.47B$36.41B$32.33B$38.64B$37.22B$35.35B$30.80B$28.14B$28.14B$25.35B
    R&D$4.57B$4.42B$4.93B$4.33B$3.59B$3.58B$3.78B$3.06B$2.91B$2.91B$2.91B$2.85B
    SG&A$2.34B$1.58B$37.56B$1.76B$1.53B$1.66B$2.09B$1.81B$1.84B$1.82B$1.82B$758.35M
    Operating Income$27.76B$19.57B$27.34B$25.03B$25.79B$16.09B$25.59B$24.29B$32.56B$25.97B$25.97B$16.66B
    Interest Income$13.51B$0$6.37B$8.57B$10.42B$223.13M$5.23B$5.42B$4.86B$5.05B$4.36B$2.13B
    Interest Expense$0$632.00M$0$0$0$0$0$0$0$8.15M$8.15M$12.21M
    Income Before Tax$33.31B$16.76B$32.53B$33.31B$35.54B$19.22B$32.53B$29.18B$37.92B$33.07B$33.12B$19.05B
    Income Tax Expense$6.09B$4.12B$8.33B$3.99B$4.78B$4.48B$5.08B$4.20B$5.91B$5.07B$5.07B$3.51B
    Net Income$27.18B$12.55B$24.20B$29.33B$30.75B$14.74B$27.45B$24.98B$32.01B$28.00B$28.00B$15.54B
    EBITDA$33.31B$17.39B$27.34B$33.31B$35.71B$19.40B$25.79B$29.18B$32.76B$33.26B$26.17B$19.62B
    EBIT$27.76B$17.39B$52.54B$25.03B$35.54B$19.22B$25.59B$24.29B$32.56B$33.07B$25.97B$19.06B
    * Some calculated fields are derived from available data when not provided by source

    Related GNG Research

    PDD After Q2: The Market Is Pricing In a Collapse the Numbers Don't Show

    Earnings decline driven by discretionary opex, not gross margin - R&D +40%, G&A >2x, S&M +10% and 26% of revenue, operating margin recovered to 24.7% Q2 revenue RMB112.4bn, up 8% but below RMB114-115bn est; net income -12% to RMB27.2bn...

    Glenn Ford
    •
    9/1/26
    •
    144
    China Stocks, Ultra Value Buy
    Also mentions:
    BABAJD

    The Fallen Emperor’s Comeback: Why Alibaba’s Discount May Not Last

    The Valuation Disconnect: BABA trades at ~16x P/E, a massive discount to history. Our Vulcan Fair Value model pegs it at $182.61, offering a compelling 17% margin of safety from current levels ($147). Technical Reversal Forming...

    Glenn Ford
    •
    12/19/25
    •
    85
    AI Stocks, China Stocks
    Also mentions:
    PDDJD

    PDD Holdings: The Tariff Survivor’s Playbook

    The $800 de minimis loophole died in May 2025 — Temu's U.S. daily active users cratered 52% within weeks as import charges of 130-150% killed the direct-from-China model The fortress underneath survived — PDD holds ~$40/share in net cash, zero debt, 25% ROIC...

    Glenn Ford
    •
    11/26/25
    •
    237
    China Stocks, E-commerce
    Also mentions:
    JDAMZNGLBE

    News

    PDD Holdings sets November 18 earnings date: PDD Holdings stock trades at 9.20 P/ E

    PDD Holdings (ISIN US7223041028) is scheduled to report its next quarterly results on November 18, 2026. The stock is trading at a P/E ratio of 9.20...

    ad-hoc-news.de•10/16/26•Neutral

    PDD Holdings Inc. Tokenized Stock (Coinbase) Price History and Historical Data

    This article provides price history and historical data for PDD Holdings Inc. Tokenized Stock on Coinbase. It appears to be a stub or a data page...

    CoinMarketCap•10/16/26•Neutral

    PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) Stock Rated "Hold" by Wall Street Brokerages

    PDD Holdings Inc. Sponsored ADR (NASDAQ:PDD) has received a consensus "Hold" rating from Wall Street analysts, with nine out of sixteen rating it a hold. The average 12-month price target is $110.31...

    MarketBeat•10/16/26•Neutral

    PDD Holdings Inc. Tokenized Stock (Coinbase)

    This article provides an overview of PDD Holdings Inc. Tokenized Stock (Coinbase), identified by the ticker PDDc. It details its current price, market capitalization, trading volume, and historical performance data...

    CryptoRank•10/15/26•Neutral

    PDD Holdings Acquires Another Building in Shanghai; "Beverage King" Purchases Property in Huangpu District

    PDD Holdings has acquired another building in Shanghai, adding to its growing real estate portfolio in the city. Concurrently...

    Moomoo•10/15/26•Somewhat-Bullish

    PDD Valuation and Fair Value

    P/E
    1.6x
    Forward P/E
    6.2x
    P/FCF
    7.6x
    PEG
    0.7x
    P/B
    1.8x
    See GNG's fair value

    PDD Profitability: Margins, ROIC and FCF

    Gross margin
    56.3%
    Operating margin
    24.7%
    Net margin
    20.4%
    ROE
    22.8%
    FCF margin
    173.1%
    FCF yield
    13.2%

    PDD Competitors

    CompanyTicker
    Booking Holdings IncBKNG
    Starbucks CorporationSBUX
    The TJX Companies IncTJX
    Lowe's Companies IncLOW
    McDonald’s CorporationMCD
    Airbnb IncABNB
    Toyota Motor Corporation ADRTM
    Marriott International IncMAR

    Sector: Consumer Cyclical

    PDD Analyst Ratings

    Consensus
    Buy
    Analysts
    37
    Strong Buy
    4
    Buy
    17
    Hold
    14
    Sell
    1
    Strong Sell
    1

    PDD Bull Case vs Bear Case

    Bull case

    • PDD converts 173.1% of revenue into free cash flow.
    • PDD has a 20.4% net profit margin.

    PDD Earnings: Beat Rate and Next Report

    Beat rate
    4 of 8 quarters (50.0%)
    Average surprise
    -2.7%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $18.84
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    6 up, 3 down

    Frequently Asked Questions About PDD

    Does PDD pay dividends?

    PDD Holdings Inc. (PDD) does not currently pay a regular dividend.

    What is PDD's P/E ratio?

    PDD Holdings Inc. has a price-to-earnings (P/E) ratio of 1.62.

    What is PDD's market cap?

    PDD Holdings Inc. (PDD) has a market capitalization of $115.25B with a current stock price of $82.42.

    Related stocks

    Sector: Consumer Cyclical

    All stocks starting with P

    Get full access to GNG Research

    Create a free account to access portfolio tracking, advanced tools, and more.

    Create Free AccountLog In