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 income statement 2016–2026What 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.
450.78B CNY over the last twelve months, and 431.85B CNY in fiscal year 2025.
Revenue Operating income Net income
Click a line's chart icon in the table to add it to the chart; hover over it for a quick look.
| Fiscal year | TTM 30 Jun 2026 | FY2025 31 Dec 2025 | FY2024 31 Dec 2024 | FY2023 31 Dec 2023 | FY2022 31 Dec 2022 | FY2021 31 Dec 2021 | FY2020 31 Dec 2020 | FY2019 31 Dec 2019 | FY2018 31 Dec 2018 | FY2017 31 Dec 2017 | FY2016 31 Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
RevenueWhat is revenue? Revenue is the money a company brings in from selling its goods and services over a period, before any costs. It is the top line of the income statement. | 450.78B | 431.85B | 393.84B | 247.64B | 130.56B | 93.95B | 59.49B | 30.14B | 13.12B | 1.74B | 504.86M |
Revenue growth | +10.05% | +9.65% | +59.04% | +89.68% | +38.97% | +57.92% | +97.37% | +129.74% | +652.26% | +245.45% | — |
Cost of revenue | 196.91B | 188.80B | 153.90B | 91.72B | 31.46B | 31.72B | 19.28B | 6.34B | 2.91B | 722.83M | 577.87M |
Gross profit | 253.87B | 243.04B | 239.94B | 155.92B | 99.10B | 62.23B | 40.21B | 23.80B | 10.21B | 1.02B | -73.01M |
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% | 56.28% | 60.92% | 62.96% | 75.90% | 66.24% | 67.59% | 78.97% | 77.86% | 58.56% | -14.46% |
Research and development | 18.31B | 16.50B | 12.66B | 10.95B | 10.38B | 8.99B | 6.89B | 3.87B | 1.12B | 129.18M | 29.42M |
Selling, general and administrative | 137.00B | 133.45B | 118.85B | 86.26B | 58.31B | 46.34B | 42.70B | 28.47B | 19.90B | 1.48B | 183.78M |
Operating expenses | 155.32B | 149.94B | 131.51B | 97.22B | 68.69B | 55.34B | 49.59B | 32.34B | 21.01B | 1.62B | 213.20M |
| 98.55B | 93.10B | 108.42B | 58.70B | 30.40B | 6.90B | -9.38B | -8.54B | -10.80B | -595.72M | -286.21M | |
Operating income growth | +7.40% | -14.13% | +84.71% | +93.08% | +340.81% | — | — | — | — | — | — |
Operating 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. | 21.86% | 21.56% | 27.53% | 23.70% | 23.29% | 7.34% | -15.77% | -28.33% | -82.32% | -34.16% | -56.69% |
Interest income | — | 25.58B | 20.55B | 10.24B | 4.00B | 3.06B | 2.46B | 1.54B | 584.94M | 80.78M | 4.46M |
Interest expense | — | — | — | 43.99M | 51.66M | 1.23B | 757.34M | 145.86M | — | — | — |
Other non-operating income | 16.30B | 26.47B | 24.28B | 13.18B | 5.86B | 2.81B | 2.20B | 1.57B | 582.62M | 70.61M | -5.77M |
Pretax income | 114.85B | 119.58B | 132.70B | 71.88B | 36.26B | 9.70B | -7.18B | -6.97B | -10.22B | -525.12M | -291.98M |
Income tax | 22.64B | 21.73B | 20.27B | 11.85B | 4.73B | 1.93B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Effective tax rate | 19.71% | 18.18% | 15.27% | 16.49% | 13.03% | 19.93% | — | — | — | — | — |
| 92.08B | 97.84B | 112.43B | 60.03B | 31.54B | 7.77B | -7.18B | -6.97B | -10.22B | -525.12M | -291.98M | |
Net income growth | -5.97% | -12.98% | +87.31% | +90.33% | +305.96% | — | — | — | — | — | — |
Net 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. | 20.43% | 22.66% | 28.55% | 24.24% | 24.16% | 8.27% | -12.07% | -23.12% | -77.87% | -30.11% | -57.83% |
Basic shares | 1.40B | 1.40B | 1.38B | 1.35B | 1.26B | 1.25B | 1.19B | 1.15B | 741.90M | 860.58M | 860.58M |
Diluted sharesWhat are shares outstanding? Shares outstanding are all the shares a company has issued that investors hold, insiders included. Their number times the share price is the market value. | 1.48B | 1.48B | 1.48B | 1.46B | 1.44B | 1.43B | 1.19B | 1.16B | 742.08M | 860.58M | 860.58M |
Change in diluted shares | +0.08% | +0.22% | +1.32% | +1.36% | +0.83% | +19.83% | +3.05% | +55.89% | -13.77% | 0.00% | — |
EPS (basic) | 66.60 | 69.16 | 81.24 | 44.32 | 24.96 | 6.20 | -6.04 | -6.04 | -13.88 | -0.60 | -0.34 |
EPS (diluted)What is EPS (earnings per share)? EPS (earnings per share) is a company's net income divided by its number of shares: the profit that belongs to each share over a period. | 63.04 | 65.24 | 76.00 | 41.12 | 21.92 | 5.44 | -6.04 | -6.04 | -13.88 | -0.60 | -0.34 |
EPS growth | -4.72% | -14.16% | +84.82% | +87.59% | +302.94% | — | — | — | — | — | — |
EBITDAWhat is EBITDA? EBITDA is earnings before interest, taxes, depreciation and amortization: operating profit with the yearly cost of wearing out assets added back. | 136.56B | 122.45B | 135.34B | 73.81B | 39.05B | 12.78B | -8.58B | -7.90B | -4.35B | -583.46M | -285.45M |
EBITDA margin | 30.29% | 28.35% | 34.37% | 29.80% | 29.91% | 13.60% | -14.42% | -26.21% | -33.15% | -33.45% | -56.54% |
EBIT | 136.56B | 119.45B | 132.70B | 71.92B | 36.32B | 10.93B | -9.38B | -8.54B | -4.85B | -585.72M | -286.21M |
| Quarter | Q2 FY2026 30 Jun 2026 | Q1 FY2026 31 Mar 2026 | Q4 FY2025 31 Dec 2025 | Q3 FY2025 30 Sept 2025 | Q2 FY2025 30 Jun 2025 | Q1 FY2025 31 Mar 2025 | Q4 FY2024 31 Dec 2024 | Q3 FY2024 30 Sept 2024 | Q2 FY2024 30 Jun 2024 | Q1 FY2024 31 Mar 2024 | Q4 FY2023 31 Dec 2023 | Q3 FY2023 30 Sept 2023 | Q2 FY2023 30 Jun 2023 | Q1 FY2023 31 Mar 2023 | Q4 FY2022 31 Dec 2022 | Q3 FY2022 30 Sept 2022 | Q2 FY2022 30 Jun 2022 | Q1 FY2022 31 Mar 2022 | Q4 FY2021 31 Dec 2021 | Q3 FY2021 30 Sept 2021 | Q2 FY2021 30 Jun 2021 | Q1 FY2021 31 Mar 2021 | Q4 FY2020 31 Dec 2020 | Q3 FY2020 30 Sept 2020 | Q2 FY2020 30 Jun 2020 | Q1 FY2020 31 Mar 2020 | Q4 FY2019 31 Dec 2019 | Q3 FY2019 30 Sept 2019 | Q2 FY2019 30 Jun 2019 | Q1 FY2019 31 Mar 2019 | Q4 FY2018 31 Dec 2018 | Q3 FY2018 30 Sept 2018 | Q2 FY2018 30 Jun 2018 | Q1 FY2018 31 Mar 2018 | Q4 FY2017 31 Dec 2017 | Q3 FY2017 30 Sept 2017 | Q2 FY2017 30 Jun 2017 | Q1 FY2017 31 Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
RevenueWhat is revenue? Revenue is the money a company brings in from selling its goods and services over a period, before any costs. It is the top line of the income statement. | 112.36B | 106.23B | 123.91B | 108.28B | 103.98B | 95.67B | 110.61B | 99.35B | 97.06B | 86.81B | 88.88B | 68.84B | 52.28B | 37.64B | 39.82B | 35.50B | 31.44B | 23.79B | 27.23B | 21.51B | 23.05B | 22.17B | 26.55B | 14.21B | 12.19B | 6.54B | 10.79B | 7.51B | 7.29B | 4.55B | 5.65B | 3.37B | 2.71B | 1.38B | 1.18B | 423.04M | 104.62M | 37.02M |
Revenue growth | +8.05% | +11.03% | +12.03% | +8.98% | +7.14% | +10.21% | +24.45% | +44.33% | +85.65% | +130.66% | ||||||||||||||||||||||||||||
Cost of revenue | 48.02B | 46.89B | 55.16B | 46.84B | 45.86B | 40.95B | 47.80B | 39.71B | 33.70B | 32.69B | 35.08B | 26.83B | 18.69B | 11.13B | 8.93B | 7.41B | 7.96B | 7.16B | 6.52B | 6.56B | 7.90B | 10.75B | 11.53B | 3.26B | 2.66B | 1.83B | 2.04B | 1.83B | 1.59B | 873.31M | 1.42B | 774.68M | 387.83M | 318.70M | 374.02M | 186.77M | 107.61M | 54.43M |
Gross profit | 64.34B | 59.34B | 68.76B | 61.44B | 58.13B | 54.73B | 62.81B | 59.65B | 63.36B | 54.12B | 53.80B | 42.01B | 33.59B | 26.51B | 30.89B | 28.09B | 23.48B | 16.63B | 20.72B | 14.95B | 15.15B | 11.42B | 15.02B | 10.95B | 9.53B | 4.71B | 8.76B | 5.68B | 5.70B | 3.67B | 4.23B | 2.60B | 2.32B | 1.07B | 805.38M | 236.27M | -2.99M | -17.41M |
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. | 57.26% | 55.86% | 55.49% | 56.74% | 55.90% | 57.20% | 56.79% | 60.03% | 65.28% | 62.34% | ||||||||||||||||||||||||||||
Research and development | 4.57B | 4.42B | 4.99B | 4.33B | 3.59B | 3.58B | 3.78B | 3.06B | 2.91B | 2.91B | 2.86B | 2.85B | 2.73B | 2.51B | 2.41B | 2.70B | 2.61B | 2.67B | 2.02B | 2.42B | 2.33B | 2.22B | 1.95B | 1.80B | 1.66B | 1.47B | 1.27B | 1.13B | 803.66M | 667.08M | 525.21M | 332.00M | 186.03M | 72.82M | 52.49M | 35.78M | 24.89M | 16.03M |
Selling, general and administrative | 32.01B | 35.35B | 37.56B | 32.08B | 28.74B | 35.06B | 33.44B | 32.29B | 27.89B | 25.23B | 28.54B | 22.51B | 18.14B | 17.08B | 19.37B | 14.96B | 12.17B | 11.81B | 11.79B | 10.39B | 10.82B | 13.35B | 15.12B | 10.44B | 9.51B | 7.63B | 9.62B | 7.35B | 6.38B | 5.13B | 6.35B | 3.54B | 8.77B | 1.25B | 765.59M | 434.86M | 94.87M | 182.47M |
Operating expenses | 36.58B | 39.77B | 42.56B | 36.41B | 32.33B | 38.64B | 37.22B | 35.35B | 30.80B | 28.14B | 31.41B | 25.35B | 20.87B | 19.58B | 21.78B | 17.65B | 14.78B | 14.48B | 13.81B | 12.81B | 13.15B | 15.57B | 17.07B | 12.25B | 11.17B | 9.11B | 10.89B | 8.47B | 7.19B | 5.79B | 6.87B | 3.87B | 8.96B | 1.32B | 828.08M | 470.64M | 119.75M | 198.50M |
| 27.76B | 19.57B | 26.20B | 25.03B | 25.79B | 16.09B | 25.59B | 24.29B | 32.56B | 25.97B | 22.39B | 16.66B | 12.72B | 6.93B | 9.11B | 10.44B | 8.70B | 2.15B | 6.91B | 2.14B | 2.00B | -4.15B | -2.05B | -1.30B | -1.64B | -4.40B | -2.14B | -2.79B | -1.49B | -2.12B | -2.64B | -1.27B | -6.64B | -250.16M | -22.70M | -234.37M | -122.74M | -215.91M | |
Operating income growth | +7.64% | +21.64% | +2.37% | +3.02% | -20.79% | -38.07% | +14.28% | +45.85% | +156.04% | +274.85% | ||||||||||||||||||||||||||||
Operating 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. | 24.71% | 18.42% | 21.14% | 23.11% | 24.80% | 16.81% | 23.14% | 24.45% | 33.55% | 29.92% | ||||||||||||||||||||||||||||
Interest income | 13.51B | — | 6.37B | 8.57B | 10.42B | 223.13M | 5.23B | 5.42B | 4.86B | 5.05B | 4.36B | 2.13B | 2.29B | 1.46B | 1.35B | 1.09B | 756.99M | 796.26M | 914.64M | 631.91M | 544.63M | 970.48M | 671.40M | 485.41M | 838.28M | 460.28M | 472.54M | 414.62M | 402.57M | 252.10M | 233.36M | 164.82M | 136.60M | 50.16M | 38.89M | 20.65M | 13.74M | 7.50M |
Interest expense | — | 632.00M | — | — | — | — | — | — | — | — | 8.16M | 12.21M | 11.94M | 11.69M | 12.22M | 13.65M | 13.15M | 12.64M | 303.12M | 298.43M | 294.00M | 335.46M | 278.15M | 165.64M | 162.92M | 150.63M | 139.71M | 6.15M | — | — | — | — | — | — | — | — | — | — |
Other non-operating income | 5.55B | -2.81B | 5.27B | 8.29B | 9.74B | 3.14B | 6.94B | 4.89B | 5.36B | 7.09B | 4.47B | 2.39B | 3.55B | 2.77B | 1.41B | 1.69B | 1.76B | 1.01B | 791.40M | 355.45M | 417.10M | 1.24B | 671.42M | 511.03M | 740.23M | 277.90M | 383.67M | 456.97M | 487.16M | 242.81M | 217.02M | 171.16M | 142.33M | 52.11M | 36.30M | 12.93M | 13.20M | 8.19M |
Pretax income | 33.31B | 16.76B | 31.47B | 33.31B | 35.54B | 19.22B | 32.53B | 29.18B | 37.92B | 33.07B | 26.86B | 19.05B | 16.27B | 9.70B | 10.52B | 12.13B | 10.45B | 3.16B | 7.70B | 2.49B | 2.41B | -2.91B | -1.38B | -784.71M | -899.35M | -4.12B | -1.75B | -2.34B | -1.00B | -1.88B | -2.42B | -1.10B | -6.49B | -201.02M | 13.59M | -221.44M | -109.54M | -207.72M |
Income tax | 6.09B | 4.12B | 8.45B | 3.99B | 4.78B | 4.48B | 5.08B | 4.20B | 5.91B | 5.07B | 3.58B | 3.51B | 3.16B | 1.60B | 1.07B | 1.54B | 1.56B | 564.81M | 1.08B | 854.77M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Effective tax rate | 18.29% | 24.56% | 26.84% | 11.97% | 13.46% | 23.31% | 15.63% | 14.40% | 15.60% | 15.33% | ||||||||||||||||||||||||||||
| 27.18B | 12.55B | 23.02B | 29.33B | 30.75B | 14.74B | 27.45B | 24.98B | 32.01B | 28.00B | 23.28B | 15.54B | 13.11B | 8.10B | 9.45B | 10.59B | 8.90B | 2.60B | 6.62B | 1.64B | 2.41B | -2.91B | -1.38B | -784.71M | -899.35M | -4.12B | -1.75B | -2.34B | -1.00B | -1.88B | -2.42B | -1.10B | -6.49B | -198.66M | 13.59M | -221.44M | -109.54M | -207.72M | |
Net income growth | -11.61% | -14.89% | -16.13% | +17.40% | -3.92% | -47.35% | +17.90% | +60.78% | +144.20% | +245.61% | ||||||||||||||||||||||||||||
Net 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. | 24.19% | 11.81% | 18.58% | 27.09% | 29.57% | 15.41% | 24.81% | 25.14% | 32.98% | 32.25% | ||||||||||||||||||||||||||||
Basic shares | 1.41B | 1.40B | 1.40B | 1.40B | 1.40B | 1.39B | 1.39B | 1.39B | 1.38B | 1.38B | 1.37B | 1.37B | 1.36B | 1.32B | 1.27B | 1.26B | 1.43B | 1.41B | 1.26B | 1.26B | 1.25B | 1.25B | 1.18B | 1.20B | 1.18B | 1.16B | 1.15B | 1.16B | 1.13B | 1.14B | 1.11B | 915.27M | 1.11B | 1.11B | 860.58M | 860.58M | 860.58M | 860.58M |
Diluted sharesWhat are shares outstanding? Shares outstanding are all the shares a company has issued that investors hold, insiders included. Their number times the share price is the market value. | 1.47B | 1.48B | 1.49B | 1.49B | 1.48B | 1.48B | 1.48B | 1.48B | 1.48B | 1.48B | 1.47B | 1.47B | 1.46B | 1.46B | 1.45B | 1.44B | 1.43B | 1.42B | 1.42B | 1.43B | 1.43B | 1.25B | 1.21B | 1.20B | 1.20B | 1.16B | 1.16B | 1.16B | 1.16B | 1.14B | 1.11B | 919.51M | 1.11B | 1.11B | 860.58M | 860.58M | 860.58M | 860.58M |
Change in diluted shares | -0.57% | -0.21% | +0.36% | +0.74% | +0.04% | +0.43% | +0.72% | +0.76% | +1.58% | +0.97% | ||||||||||||||||||||||||||||
EPS (basic) | 19.28 | 8.88 | 17.48 | 20.96 | 22.00 | 10.60 | 19.76 | 18.04 | 23.12 | 20.32 | 17.00 | 11.36 | 9.64 | 6.12 | 7.44 | 8.40 | 6.24 | 1.84 | 5.28 | 1.32 | 1.92 | -2.32 | -1.16 | -0.64 | -0.76 | -3.56 | -1.52 | -2.00 | -0.88 | -1.64 | -2.20 | -1.20 | -5.84 | -0.25 | 0.02 | -0.26 | -0.13 | -0.23 |
EPS (diluted)What is EPS (earnings per share)? EPS (earnings per share) is a company's net income divided by its number of shares: the profit that belongs to each share over a period. | 18.40 | 8.40 | 16.52 | 19.72 | 20.76 | 9.96 | 18.52 | 16.92 | 21.60 | 18.96 | 15.84 | 10.60 | 9.00 | 5.56 | 6.52 | 7.32 | 6.24 | 1.84 | 4.64 | 1.16 | 1.68 | -2.32 | -1.12 | -0.64 | -0.76 | -3.56 | -1.52 | -2.00 | -0.88 | -1.64 | -2.20 | -1.20 | -5.84 | -0.25 | 0.02 | -0.26 | -0.13 | -0.23 |
EPS growth | -11.37% | -15.66% | -10.80% | +16.55% | -3.89% | -47.47% | +16.92% | +59.62% | +140.00% | +241.01% | ||||||||||||||||||||||||||||
EBITDAWhat is EBITDA? EBITDA is earnings before interest, taxes, depreciation and amortization: operating profit with the yearly cost of wearing out assets added back. | 33.31B | 17.39B | 52.54B | 33.31B | 35.71B | 19.40B | 32.71B | 29.38B | 38.12B | 33.26B | 28.76B | 19.62B | 16.83B | 10.27B | 13.27B | 12.51B | 10.84B | 3.55B | 8.38B | 2.96B | 2.87B | -3.98B | -1.73B | -1.14B | -1.48B | -4.24B | -1.42B | -2.67B | -1.18B | -2.00B | 3.47B | -1.16B | -6.45B | -156.96M | -12.00M | -232.81M | -122.19M | -215.36M |
EBITDA margin | 29.65% | 16.37% | 42.40% | 30.77% | 34.34% | 20.28% | 29.57% | 29.57% | 39.28% | 38.32% | ||||||||||||||||||||||||||||
EBIT | 33.31B | 17.39B | 52.54B | 33.31B | 35.54B | 19.22B | 32.53B | 29.18B | 37.92B | 33.07B | 26.87B | 19.06B | 16.28B | 9.71B | 10.53B | 12.14B | 10.47B | 3.18B | 8.00B | 2.79B | 2.71B | -4.15B | -2.05B | -1.30B | -1.64B | -4.40B | -2.14B | -2.79B | -1.49B | -2.12B | 3.31B | -1.27B | -6.64B | -198.66M | -12.70M | -234.37M | -122.74M | -215.91M |
Figures in CNY. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
Common questions about Pinduoduo's income statement
Source: Financial Modeling Prep