Current Net Margin
27.09%
PDD Holdings Inc. currently has a net profit margin of 27.09%. Net margin is a key efficiency ratio that measures what percentage of each dollar of revenue actually results in profit for the company.
Historical Margin Data
Quarterly and annual profitability trends
| Date | Revenue ($B) | Net Income ($B) | Net Margin | Change (bps) |
|---|---|---|---|---|
| 2025-09-30 | 108.28 | 29.33 | 27.09% | ▼249 |
| 2025-06-30 | 103.98 | 30.75 | 29.57% | ▲1417 |
| 2025-03-31 | 95.67 | 14.74 | 15.41% | ▼941 |
| 2024-12-31 | 110.61 | 27.45 | 24.81% | ▼33 |
| 2024-09-30 | 99.35 | 24.98 | 25.14% | ▼784 |
| 2024-06-30 | 97.06 | 32.01 | 32.98% | ▲73 |
| 2024-03-31 | 86.81 | 28.00 | 32.25% | ▲606 |
| 2023-12-31 | 88.88 | 23.28 | 26.19% | ▲362 |
| 2023-09-30 | 68.84 | 15.54 | 22.57% | ▼250 |
| 2023-06-30 | 52.28 | 13.11 | 25.07% | ▲355 |
| 2023-03-31 | 37.64 | 8.10 | 21.52% | ▼222 |
| 2022-12-31 | 39.82 | 9.45 | 23.74% | ▼608 |
| 2022-09-30 | 35.50 | 10.59 | 29.82% | ▲153 |
| 2022-06-30 | 31.44 | 8.90 | 28.30% | ▲1737 |
| 2022-03-31 | 23.79 | 2.60 | 10.92% | ▼1338 |
| 2021-12-31 | 27.23 | 6.62 | 24.31% | ▲1668 |
| 2021-09-30 | 21.51 | 1.64 | 7.63% | ▼285 |
| 2021-06-30 | 23.05 | 2.41 | 10.48% | ▲2358 |
| 2021-03-31 | 22.17 | -2.91 | -13.11% | ▼792 |
| 2020-12-31 | 26.55 | -1.38 | -5.18% | ▲34 |
| 2020-09-30 | 14.21 | -0.78 | -5.52% | ▲185 |
| 2020-06-30 | 12.19 | -0.90 | -7.38% | ▲5560 |
| 2020-03-31 | 6.54 | -4.12 | -62.98% | ▼4675 |
| 2019-12-31 | 10.79 | -1.75 | -16.23% | ▲1485 |
| 2019-09-30 | 7.51 | -2.34 | -31.08% | ▼1731 |
| 2019-06-30 | 7.29 | -1.00 | -13.76% | ▲2755 |
| 2019-03-31 | 4.55 | -1.88 | -41.31% | ▲156 |
| 2018-12-31 | 5.65 | -2.42 | -42.87% | ▼1030 |
| 2018-09-30 | 3.37 | -1.10 | -32.57% | ▲20714 |
| 2018-06-30 | 2.71 | -6.49 | -239.71% | ▼22536 |
| 2018-03-31 | 1.38 | -0.20 | -14.35% | ▼1550 |
| 2017-12-31 | 1.18 | 0.01 | 1.15% | ▲5350 |
| 2017-09-30 | 0.42 | -0.22 | -52.35% | ▲5236 |
| 2017-06-30 | 0.10 | -0.11 | -104.71% | ▲45642 |
| 2017-03-31 | 0.04 | -0.21 | -561.13% | — |
* Net margin = (Net Income / Total Revenue) * 100. Based on official SEC filings.