PDD Holdings Inc. (PDD)

PDD Holdings Revenue by Segment

Period Ending	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Online Marketplace Services and Other	29.63B	28.70B	27.82B	26.65B	25.29B	23.72B	21.58B	19.10B
Online Marketplace Services and Other Growth	17.15%	21.01%	28.91%	39.53%	44.38%	50.85%	49.39%	44.28%
Transaction Services	27.95B	27.90B	27.53B	25.65B	22.72B	18.00B	13.23B	8.81B
Transaction Services Growth	23.00%	55.00%	108.19%	191.13%	298.57%	294.91%	240.61%	166.15%
Merchandise Sales	-	-	-	-	-	-	-	-	-	-	29.40M	32.70M	36.31M	304.41M	1.02B	1.76B	-	-	-	-	-	-	-	-	-	-	-
Merchandise Sales Growth	-	-	-	-	-	-	-	-	-	-	-97.11%	-98.14%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Operating Expense Breakdown

Period Ending	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Sales and Marketing	17.21B	17.05B	15.64B	14.98B	13.75B	12.56B	11.55B	10.30B
Sales and Marketing Growth	25.15%	35.77%	35.42%	45.44%	49.20%	50.44%	51.24%	52.75%
Research and Development	1.97B	1.87B	1.78B	1.65B	1.62B	1.60B	1.54B	1.48B
Research and Development Growth	21.50%	17.37%	15.59%	11.93%	11.46%	11.08%	5.47%	4.94%
General and Administrative	995.37M	1.04B	1.06B	1.04B	889.03M	714.38M	572.84M	535.69M
General and Administrative Growth	11.96%	45.37%	85.32%	93.44%	59.75%	21.33%	2.79%	38.88%

Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.