88/100B78.960
USD
1.45
(1.87%)
Post Trading·78.890USD-0.070(-0.09%)
Last updated: · Delayed 15 min
Fair valueNot reliable
Q3 FY2026 · Earnings report
EPS estimate 2.77Revenue estimate 17.17B
Q3 FY2026 · Earnings report
EPS estimate 2.77Revenue estimate 17.17B
Pinduoduo financials
Yes. Pinduoduo earned 92.08B CNY of net income over the last twelve months, 20.4% of its revenue. It made a profit in 5 of its 10 fiscal years since 2016. Its last loss was in fiscal year 2020.
- Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.
- 450.78B CNY
- Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.
- 92.08B CNY
- Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.
- 111.90B CNY
- Cash and short-term investments
- 456.41B CNY
- Total debt
- 4.84B CNY
- Shareholders' equityWhat is a balance sheet? The balance sheet lists what a company owns (assets), what it owes (liabilities) and what is left for its shareholders (equity) on one date.
- 447.79B CNY
Cash, debt and equity as of 30 Jun 2026.
Pinduoduo earnings
Next earnings · Q3 FY2026
EPS estimate
2.77 USD
Revenue estimate
17.17B USD
Last quarter · Q2 FY2026
EPS2.85Beat +4.8%Revenue16.54BMissed -2.4%
Revenue
ReportedEstimate
EPS
ReportedEstimate
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|---|
| Q2 FY2027 | 3.25 | — | — | +14.14% | 18.60B | — | — | +12.46% | |
| Q1 FY2027 | 2.17 | — | — | +56.99% | 17.36B | — | — | +12.76% | |
| Q4 FY2026 | 3.08 | — | — | +21.59% | 19.83B | — | — | +11.93% | |
| Q3 FY2026 | 2.77 | — | — | -6.42% | 17.17B | — | — | +12.88% | |
| Q2 FY2026 | 2.72 | 2.85 | +4.78% | -7.47% | 16.94B | 16.54B | -2.38% | +14.04% | |
| Q1 FY2026 | 2.40 | 1.38 | -42.50% | -11.54% | 15.92B | 15.40B | -3.27% | +17.17% | |
| Q4 FY2025 | 2.98 | 2.53 | -15.10% | -8.33% | 17.80B | 17.71B | -0.47% | +16.93% | |
| Q3 FY2025 | 2.21 | 2.96 | +33.94% | +11.78% | 17.57B | 15.21B | -13.45% | +7.44% | |
| Q2 FY2025 | 1.91 | 3.08 | +61.26% | -3.75% | 15.09B | 14.50B | -3.88% | +8.57% | |
| Q1 FY2025 | 2.49 | 1.56 | -37.35% | -44.88% | 14.30B | 13.14B | -8.09% | +9.47% |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2028 | 14.32 | — | — | +15.97% | 84.72B | — | — | +9.28% |
| FY2027 | 12.35 | — | — | +20.24% | 77.53B | — | — | +10.51% |
| FY2026 | 10.27 | — | — | +1.38% | 70.15B | — | — | +15.84% |
| FY2025 | 10.75 | 10.13 | -5.73% | -11.44% | 61.73B | 60.56B | -1.89% | +10.79% |
| FY2024 | 11.27 | 11.44 | +1.52% | +78.72% | 54.43B | 54.66B | +0.43% | +57.70% |
| FY2023 | 5.80 | 6.40 | +10.28% | +59.20% | 33.36B | 34.66B | +3.91% | +80.33% |
| FY2022 | 3.77 | 4.02 | +6.67% | +200.00% | 18.82B | 19.22B | +2.11% | +32.12% |
Pinduoduo growth and profitability
Full income statement- Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.
- 450.78B CNY
- Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.
- 92.08B CNY
- Gross marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs.
- 56.32%
- Operating margin
- 21.86%
- Net margin
- 20.43%
Revenue / Net income
Revenue Net income Net margin
How Pinduoduo makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.
Online marketing services and others217.78B 50.4%
Transaction services214.06B 49.6%
Revenue431.85B 100.0%
Cost of revenue188.80B 43.7%
Gross profit243.04B 56.3%
Research and development16.50B 3.8%
Selling and administration133.45B 30.9%
Operating income93.10B 21.6%
Tax21.73B 5.0%
Net income97.84B 22.7%
FY2025, in CNY. Each band is as wide as its money; the percentage is its share of revenue.
FY2025, in CNY. Each band is as wide as its money; the percentage is its share of revenue.
Pinduoduo revenue breakdown
By product
FY2025
50.4%Online marketing services and others49.6%Transaction services
| Segment | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| Online marketing services and others | 217.78B | 50.4% | +10.0% |
| Transaction services | 214.06B | 49.6% | +9.3% |
Operating and free cash flow
Full cash flow statementOperating cash flow Free cash flow
Pinduoduo financial health
Full balance sheet- Cash and short-term investments
- 456.41B CNY
- Total debt
- 4.84B CNY
- Net cash
- 451.57B CNY
- Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.
- 111.90B CNY
- Current ratioWhat is the current ratio? The current ratio is current assets divided by current liabilities: whether what a company will turn into cash within a year covers what it owes within a year.
- 2.62
- Debt to equityWhat is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
- 0.01
- Piotroski scoreWhat is the Piotroski F-Score? The Piotroski F-Score rates a company's financial strength from 0 to 9: one point for each of nine tests of profit, debt and efficiency it passes.
- 6 / 9
- Altman Z-scoreWhat is the Altman Z-Score? The Altman Z-Score rolls five financial ratios into one number that signals a company's risk of bankruptcy: over 3 is safe, under 1.8 is distress.
- 4.81
Cash, debt and free cash flow
Cash and short-term investments Total debt Free cash flow
Assets, liabilities and equity
Total assets Total liabilities Shareholders' equity
Pinduoduo valuation
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 7.91
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 7.69
- Price to sales (TTM)What is the P/S ratio? The price-to-sales ratio compares a company's market value with its revenue over the last year: what you pay for each dollar of sales.
- 1.66
- Price to bookWhat is the P/B ratio? The price-to-book ratio compares a company's market value with its book value, the shareholders' equity on its balance sheet.
- 1.67
- EV / EBITDA (TTM)What is EV/EBITDA? EV/EBITDA compares a company's whole value, debt included and cash taken off, with a year of its earnings before interest, tax and depreciation.
- 2.18
Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.
Market capitalization
112.39B USD
+
Total debt
726.13M USD
−
Cash and short-term investments
68.42B USD
=
Enterprise value
44.70B USD
Valuation over time
P/EForward P/EForward P/E · EstimateEstimate
Pinduoduo against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.
Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.
Its peers: O'Reilly Automotive, eBay, AutoZone, Williams-Sonoma, Coupang, and Ulta Beauty, the US Specialty Retail companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.
- P/E (today)Below its median7.97.251.5
- Gross marginLowest in 5 years56.3%56.3%75.9%Against its peers: 2 of 7Peers' median 48.9%
- Operating marginBelow its median21.6%7.3%27.5%Against its peers: 1 of 7Peers' median 18.2%
- Net marginBelow its median22.7%8.3%28.5%Against its peers: 1 of 7Peers' median 13.3%
- Return on equityBelow its median23.6%10.3%35.9%Against its peers: 4 of 5Peers' median 42.6%
- Free cash flow marginLowest in 5 years24.5%24.5%37.8%Against its peers: 1 of 7Peers' median 8.9%
- Revenue growthLowest in 5 years9.7%9.7%89.7%Against its peers: 3 of 7Peers' median 7.7%
- EPS growthLowest in 5 years-14.2%-14.2%302.9%Against its peers: 7 of 7Peers' median 7.4%
- Debt to EBITDALowest in 5 years0.04×0.04×1.00×Against its peers: 1 of 7Peers' median 2.31×
- Current ratioHighest in 5 years2.451.722.45Against its peers: 1 of 7Peers' median 1.07
Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.
Pinduoduo ownership
- InstitutionsWhat is institutional ownership? Institutional ownership is the share of a company's stock held by funds, banks and other investment managers, as they report it each quarter on Form 13F.
- 30.80%
- Institutional holders
- 590 (-54)
- Free floatWhat is free float? Free float is the part of a company's shares that anyone can buy and sell: all its shares minus those held by insiders, founders and owners of over 5%.
- 97.55%
Who owns the shares
Institutions 30.8% Others 69.2%
As of 30 Jun 2026
Shares free to trade
Free float 1.39B shares ·97.5% Closely held 34.88M shares ·2.5%
Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.
Insider trading
| Quarter | Purchases | Sales | Shares acquired | Shares disposed of |
|---|---|---|---|---|
| Q3 2026 | 0 | 1 | 94.10K | 4.99K |
| Q1 2026 | 0 | 2 | 0.00 | 2.09K |
Shares outstanding
Basic shares Diluted shares Change in diluted shares
Common questions about Pinduoduo's financials
Source: Financial Modeling Prep