# PDD Holdings Inc.: overview PDD · Nasdaq · CIK 1737806 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31 Pages: [Overview](/companies/pdd.md) · [Financials](/companies/pdd/financials.md) · [Filings](/companies/pdd/filings.md) · [Insiders](/companies/pdd/insiders.md) Revenue is not reported in this company’s XBRL financial statements. ## Last eight quarters Not reported. ## Last five fiscal years | Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) | | --- | --- | ---: | ---: | ---: | ---: | ---: | | Revenue | $bn | [14.7](/filings/0001104659-22-049283.md) | [18.9](/filings/0001104659-23-049927.md) | [34.9](/filings/0001104659-24-051610.md) | [54.0](/filings/0001410578-25-000951.md) | [61.8](/filings/0001104659-26-050727.md) | | Gross margin | % | [66.2%](/filings/0001104659-22-049283.md) | [75.9%](/filings/0001104659-23-049927.md) | not reported | not reported | not reported | | Operating margin | % | [7.3%](/filings/0001104659-22-049283.md) | [23.3%](/filings/0001104659-23-049927.md) | [23.7%](/filings/0001104659-24-051610.md) | [27.5%](/filings/0001410578-25-000951.md) | [21.6%](/filings/0001104659-26-050727.md) | | Net margin | % | [8.3%](/filings/0001104659-22-049283.md) | [24.2%](/filings/0001104659-23-049927.md) | [24.2%](/filings/0001104659-24-051610.md) | [28.5%](/filings/0001410578-25-000951.md) | [22.7%](/filings/0001104659-26-050727.md) | | Diluted EPS | $ per share | [0.21](/filings/0001104659-22-049283.md) | [0.79](/filings/0001104659-23-049927.md) | [1.45](/filings/0001104659-24-051610.md) | [2.60](/filings/0001410578-25-000951.md) | [2.36](/filings/0001104659-26-050727.md) | | Free cash flow | $bn | not reported | not reported | not reported | not reported | not reported | - Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing. ## Insider purchases and sales The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/pdd/insiders.md) None in coverage. ## Funds that report holding it From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md) | Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before | | --- | --- | ---: | ---: | --- | --- | | [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $2.44bn | 31,969,893 | | Reduced −7,438,139 | | [BAILLIE GIFFORD & CO](/funds/1088875.md) | 2026-06-30 | $2.03bn | 26,594,535 | | Reduced −1,758,564 | | [H&H International Investment, LLC](/funds/1759760.md) | 2026-06-30 | $1.91bn | 25,022,094 | | Added +5,273,800 | | [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $1.88bn | 24,646,256 | | Added +520,598 | | [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $1.70bn | 22,228,242 | | Added +15,747,990 | | [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $1.56bn | 20,421,600 | Put | Added +14,759,300 | | [JANE STREET GROUP, LLC](/funds/1595888.md) | 2026-06-30 | $1.08bn | 14,164,300 | Call | Added +10,554,700 | | [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $1.07bn | 14,006,939 | | Added +4,301,004 | | [HSG Holding Ltd](/funds/1470766.md) | 2026-06-30 | $865.7m | 11,348,426 | | Unchanged | | [Himalaya Capital Management LLC](/funds/1709323.md) | 2026-06-30 | $820.9m | 10,761,119 | | Added +6,153,119 | ## Recent filings [All 218 filings](/companies/pdd/filings.md) | Filed | Accepted | Form | What it is | Accession | | --- | --- | --- | --- | --- | | 2026-08-25 | 07:20 ET | [6-K](/filings/0001104659-26-100534.md) | Report of a foreign private issuer, period 2026-08-25 | 0001104659-26-100534 | | 2026-08-21 | 16:05 ET | [6-K](/filings/0001104659-26-099679.md) | Report of a foreign private issuer, period 2026-08-21 | 0001104659-26-099679 | | 2026-05-28 | 06:20 ET | [6-K](/filings/0001104659-26-067186.md) | Report of a foreign private issuer, period 2026-05-28 | 0001104659-26-067186 | | 2026-04-29 | 06:15 ET | [20-F](/filings/0001104659-26-050727.md) | Annual report of a foreign private issuer, period 2025-12-31 | 0001104659-26-050727 | | 2026-03-26 | 06:09 ET | [6-K](/filings/0001104659-26-034813.md) | Report of a foreign private issuer, period 2026-03-26 | 0001104659-26-034813 | | 2025-12-19 | 07:40 ET | [6-K](/filings/0001104659-25-122766.md) | Report of a foreign private issuer, period 2025-12-19 | 0001104659-25-122766 | | 2025-12-19 | 07:39 ET | [6-K](/filings/0001104659-25-122765.md) | Report of a foreign private issuer, period 2025-12-19 | 0001104659-25-122765 | | 2025-11-19 | 08:22 ET | [6-K](/filings/0001104659-25-113965.md) | Report of a foreign private issuer, period 2025-11-19 | 0001104659-25-113965 | | 2025-11-18 | 09:27 ET | [6-K](/filings/0001104659-25-113490.md) | Report of a foreign private issuer, period 2025-11-18 | 0001104659-25-113490 | | 2025-08-25 | 16:00 ET | [6-K](/filings/0001104659-25-082502.md) | Report of a foreign private issuer, period 2025-08-25 | 0001104659-25-082502 | ## Latest annual report [Form 20-F for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-050727.md), filed Apr 29, 2026. ## Forecast league Not in this season’s league. [This season’s league](/leagues.md) ## About the filer - CIK: 1737806 - Tickers: PDD - Exchange: Nasdaq - SIC code: 7389 Services-Business Services, NEC - State of incorporation: E9 - Filer category: Large accelerated filer Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:47 ET. No prices; not investment advice.