PDD Holdings
At a glance
PDD Holdings reported 2025 revenue of $61.75B, up 14.5% from $53.96B in 2024. Over 4 years since 2021 ($14.74B), that is growth of about 43.1% a year. Operating margin was 21.6%, up from 7.3% in 2021. 2025 was the highest revenue year in this period.
In the last 12 months 2 insiders reported 0 open-market purchases and 3 sales ($348K). None of the sales were flagged as 10b5-1 plan trades. The largest was a sale of $152K by Director Anthony Ping Leung Kam on Apr 1, 2026.
2 of the 20 investors tracked here held PDD Holdings at the last quarter end, worth $835.5M combined. It is the largest weight for Himalaya Capital (22.2% of its portfolio), followed by National Pension Service (Korea) (0%). Added: Himalaya Capital. Reduced: National Pension Service (Korea).
Annual results
| Year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net income | $1.22B | $4.57B | $8.45B | $15.4B | $13.99B |
| Diluted EPS | $0.21 | $0.79 | $1.45 | $2.60 | $2.36 |
Fiscal year ends Dec 31 · incorporated in E9
Tracked investors holding (13F)
Weight is the share of each investor's portfolio, as of the quarter end.
Insider open-market trades (last 12 months)
Source: SEC EDGAR. How figures are combined