PDD Holdings Inc. (PDD) Gross margin 2018–2025
PDD Holdings Inc. (PDD) gross margin by fiscal year — reported gross profit divided by reported revenue.
56.3%FY2025 · since FY2018: 77.9% → 56.3%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 56.3% | -4.6 pp |
| FY2024 | 60.9% | -2.0 pp |
| FY2023 | 63.0% | -12.9 pp |
| FY2022 | 75.9% | +9.7 pp |
| FY2021 | 66.2% | -1.4 pp |
| FY2020 | 67.6% | -11.4 pp |
| FY2019 | 79.0% | +1.1 pp |
| FY2018 | 77.9% | — |
Gross margin = reported gross profit ÷ reported revenue for the same fiscal year.
Source: SEC XBRL filings · For reference only · Not investment advice