PDD

Pinduoduo
D

PDD

Arincen88/100B

Pinduoduo revenue 2016–2026

Pinduoduo's revenue in Q2 FY2026, the three months to 30 June 2026, was 112.36B CNY, up 8.1% on the same quarter a year before. Pinduoduo's revenue over the last twelve months was 450.78B CNY, up 10.0% on the twelve months before. In fiscal year 2025 it was 431.85B CNY, up 9.7% on the year before.

Last updated 8 Nov 2026 · Next report 19 Nov 2026

Revenue

Growth

Fiscal yearPeriod endingRevenueGrowthGross profitNet income
TTM30 Jun 2026450.78B+10.05%253.87B92.08B
FY202531 Dec 2025431.85B+9.65%243.04B97.84B
FY202431 Dec 2024393.84B+59.04%239.94B112.43B
FY202331 Dec 2023247.64B+89.68%155.92B60.03B
FY202231 Dec 2022130.56B+38.97%99.10B31.54B
FY202131 Dec 202193.95B+57.92%62.23B7.77B
FY202031 Dec 202059.49B+97.37%40.21B-7.18B
FY201931 Dec 201930.14B+129.74%23.80B-6.97B
FY201831 Dec 201813.12B+652.26%10.21B-10.22B
FY201731 Dec 20171.74B+245.45%1.02B-525.12M
FY201631 Dec 2016504.86M—-73.01M-291.98M

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.

Pinduoduo revenue growth by segment

FY2025 against FY2024

Online marketing services and others217.78B
+10.0%
Transaction services214.06B
+9.3%

Pinduoduo revenue by segment over time

Online marketing services and others Transaction services Marketplace Services Online Marketing Services Merchandise sales
Fiscal yearOnline marketing services and othersTransaction servicesMarketplace ServicesOnline Marketing ServicesMerchandise sales
FY2025217.78B +10.0%214.06B +9.3%— — —
FY2024197.93B +28.9%195.90B +108.2%— — —
FY2023153.54B +49.5%94.10B +240.6%— — —
FY2022102.72B +41.6%27.63B +95.4%— — 209.17M -97.1%
FY202172.56B +51.3%14.14B +144.3%— — 7.25B +26.0%
FY202047.95B 5.79B +73.9%— — 5.75B
FY2019— 3.33B +107.4%30.14B +129.7%26.81B +132.8%—
FY2018— 1.60B 13.12B 11.52B —

See also:Net income,EPS,Shares outstanding,Operating income,Cash on hand,Total debt,Free cash flow,Income statement

Common questions about Pinduoduo's revenue

Source: Financial Modeling Prep