PDD Holdings Inc. (PDD) Operating margin 2018–2025
PDD Holdings Inc. (PDD) operating margin by fiscal year — reported operating income divided by reported revenue.
21.6%FY2025 · since FY2018: -82.3% → 21.6%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 21.6% | -6.0 pp |
| FY2024 | 27.5% | +3.8 pp |
| FY2023 | 23.7% | +0.4 pp |
| FY2022 | 23.3% | +15.9 pp |
| FY2021 | 7.3% | +23.1 pp |
| FY2020 | -15.8% | +12.6 pp |
| FY2019 | -28.3% | +54.0 pp |
| FY2018 | -82.3% | — |
Operating margin = reported operating income ÷ reported revenue for the same fiscal year. Operating-loss years show as a negative margin.
Source: SEC XBRL filings · For reference only · Not investment advice