The table below shows PDD Holdings Inc.'s income statement line items across its last 6 fiscal years, exactly as reported in the company's audited annual filings. All figures are in US dollars; negative values appear in red.
Line item
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
Revenue
$61.75B
$53.96B
$34.88B
$18.93B
$14.74B
$9.12B
Cost of revenue
$27.00B
$21.08B
$12.92B
$4.56B
$4.98B
$2.95B
Gross profit
-
-
-
$14.37B
$9.77B
$6.16B
R&D
$2.36B
$1.73B
$1.54B
$1.51B
$1.41B
$1.06B
PDD annual revenue (10-K history)
PDD Holdings Inc. reported annual revenue of $61.75B for fiscal year 2025. That is up 14.5% from $53.96B in fiscal 2024. Over the 8 fiscal years shown, annual revenue grew from $1.91B (FY 2018) to $61.75B. Figures come from the company's audited annual reports as filed with the SEC.
